class warfare

The rich get richer...

...and according to the President, "America doesn't succeed when the rich get richer..."

There's a little problem with that reasoning—it's called "math."

Yes, we all know that many Americans are functionally illiterate:

But many, including the President, are also functionally innumerate:

Indeed, a friend went to that well-known list of the rich getting richer, the Forbes 400, and just for fun, added up the wealth of the top 100—I know, we're getting into the realm of higher mathematics here, three-and four-column addition—and it came to just over a trillion dollars. Fabulous wealth, no? Shouldn't we just confiscate it and solve all of our fiscal woes?

Well, as we've blogged about here 18 months (and a couple of trillion dollars in debt) ago, all that wealth is a drop in the bucket relative to what we are spending—and borrowing—on a daily basis. 

In addition to innumeracy, maybe people can't suspend their disbelief—people simply can't believe that we're that far gone financially, that even instantly, magically confiscating all the wealth of the wealthiest among us and immediately applying it to our budgetary problems wouldn't fix things.

In fact, it would probably make things worse...the same mathematically-inclined friend points out that if you impoverish the rich at the federal level

  1. there goes the tax base for other taxing authorities such as the 57 states, and
  2. what do you do in year two? You can only go to that particular well once, after all.

And, seeing what happened to their rich compatriots, any other productive or potentially productive Americans would likely "go Galt." John Smith found that out in Jamestown in 1607—when it comes to human nature, there's nothing new under the sun.

But our idiot savant President thinks that none of that is an issue. Debt? What debt? So what if we have a little debt...after all, we just owe that to ourselves, right?


What we're doing is saddling our children, grandchildren, nieces, nephews, grand-nieces, grand-nephews with debt that will keep them working for the government rather than for themselves for their entire lives...all to repay the excesses of the current and past generations, excesses that didn't arise out of compassion, but out of political expediency.

And even worse, if that's possible, is the money that we owe to creditors outside our own the Chinese Communists.

Yes, the Chinese Communists.  Sounds old-fashioned, doesn't it?  Didn't the Chinese see the error of their ways and morph into capitalists?

Not really.  They're big-C Communists who are not nice people (don't click on the link unless you have a strong stomach...what's been seen can't be unseen).

The Chinese would make a mafioso Vito-the-Legbreaker collector look like Rebecca of Sunnybrook Farm.

This is where we're headed, folks:


h/t Tom.

Back to school on Main Street

Sociology professor, psychology professor—you say to-may-to, I say to-mah-to...

We run Chris Muir's Day By Day every day over there in the left sidebar.

More politics of envy

Back in April, we had a post that consisted simply of a powerful Rich Terrell graphic, without comment—believe me, it needed none.

Then at a press conference today, the Carney man had this to say (via RCP):

"Americans are not like -- 'I demand this, you know, I draw the red line here and I draw this in the sand.' They just want us to get something done that's sensible, that spreads the sacrifice and spreads the prosperity."

Really?  Sure sounds like this:

We have our own local crop of "eat the rich" proponents—some of them even have an "R" after their names—but the one who comes to mind first is Assemblywoman Barbara Lifton.  In an op ed from June 22nd:

...we must reform our state income tax structure so that the wealthiest New Yorkers pay their fair share of taxes. I will continue that fight for reform, and perhaps many more New Yorkers will join in that effort as they feel the destructive impact of state budget cuts where they live, work, and send their children to school.

This is a meme, one of a number of stock talking points, that crops up over and over again in Lifton's communications.  What is its origin?  Well, try the local chapter of the Democratic Socialists of America:

Ithaca Democratic Socialists of America Presents #485:

"Tax, Then Spend in New York State" Charles Dunaway draws on information presented last year by the James Parrott of the Fiscal Policy Institute, Mike Hirsch, Barbara Lifton and Maria Svart to show that New York State could easily afford to pay for what it needs, if only people would demand a return to earlier income tax rates on top incomes or a return to the stock sales tax that the state once had. Recorded Feb. 16, 2010, March 20, 2010, and February 7, 2011.

The video in question may be found here, along with several others.

In fact, if you poke around these local DSA links, you'll find all sorts of interesting things. 

Babs is not your father's (or grandfather's) Democrat.  Her philosophy is much closer to that of Marx—Karl, not Groucho (although you could make a case....).  

For more info, Assemblywoman Lifton has her own entry at KeyWiki, sister site to New Zeal—she may be pleased to know that she's being observed from halfway around the world.  And type in other local names in the search box at KeyWiki—you never know whose name is liable to pop up.

Instead of dining at the Moosewood, maybe they should give this joint a try:

Thanks to South of 5 and 20 and TR for providing the inspiration.

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