Wednesday, October 31, 2012

We Have Met the 1% and It Is Us

The Republicans are really a pretty dumb political party. Somehow they have allowed the debate over the financial growth and stability of the nation to be distilled down by their opponents to the welfare of the nation's wealthiest citizens.

The point is not which individuals have the earnings of the people, it is whether the earnings of the people stay in the private sector or go to the government. Private economies do better across all income groups for a number of reasons--the main one being that the motives for the allocation of money in the private sector are not corrupted--so that the welfare of the entire community is better protected if the money stays private.
 
Identifying private money with the people who have the most of it is an easy and shabby deception historically associated with some very bad people.

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