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RE: Who Will Stand Up to the Superrich? - NYTimes.com

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RE: Who Will Stand Up to the Superrich? - NYTimes.com
by w1ld at 8:38 pm EST, Nov 15, 2010

Decius wrote:
This rant takes a few weak swings but there are also many damning blows.

The bigger issue is whether the country can afford the systemic damage being done by the ever-growing income inequality between the wealthiest Americans and everyone else, whether poor, middle class or even rich...

Inequality is instead the result of specific policies, including tax policies, championed by Washington Democrats and Republicans alike as they conducted a bidding war for high-rolling donors in election after election....

Those in the higher reaches aren’t investing in creating new jobs even now, when the full Bush tax cuts remain in effect, so why would extending them change that equation?

Read the whole thing...

Agree with your points. Here is a good quote:

Mr. Obama could and should be hammering Republicans for trying to hold the middle class hostage to secure tax cuts for the wealthy. He could be pointing out that making the Bush tax cuts for the wealthy permanent is a huge budget issue — over the next 75 years it would cost as much as the entire Social Security shortfall. Instead, however, he is once again negotiating with himself, long before he actually gets to the table with the G.O.P. --- PAUL KRUGMAN

RE: Who Will Stand Up to the Superrich? - NYTimes.com


 
 
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