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by tonomics 3886 days ago
" entire network of such entities by wealthy arch-conservatives and small-business organizations"

So, these 'evil networks' of small-business owners want less taxes to grow their business by making more money and employing more people?

I can't see how an employed and wealthy population could be a bad thing.

2 comments

The dichotomy is between small businesses that will employ more people, and those organizations that put enriching themselves before preventing human suffering.

Lower taxes and higher owner incomes aren't 1:1 equatable to job creation or greater collective wealth.

Data: http://www.usnews.com/opinion/blogs/economic-intelligence/20...

Not "evil networks" but "entire network".

"I can't see how an employed and wealthy population could be a bad thing."

It isn't. But what we're facing is a _small_ employed and extremely wealthy fraction of the population together with a _huge_ low-paid supermajority of the population.

Small business owners want fewer and less taxes, no unions, lower wages, lower healthcare costs, fewer worker protections, etc. Left to themselves they would drive wages to zero. Small businesses join others to support certain non-profits that lobby in Washington, DC on their behalf. Nothing illegal, but one must ask such questions as: "Where are the lobbyists for low-paid workers?" or "Who will support the workers' families after the workers die from inhaling toxic substances day after day?" These are questions in which the small businessman's lobbyist has no interest.

In one chapter "Conscience of a Liberal" Krugman histories the development of this relatively new conservative and wealthy network of individuals and not-for-profit corporations. Read/skim the book for details:

http://www.amazon.com/Conscience-Liberal-Paul-Krugman/dp/039...

One of Krugman's points is that the middle class is disappearing in the USA: wealth distribution now mirrors that which existed in the so-called "Gilded Age" of the Rockefellers, Carnegie et al (late 19th-early 20th century): a small percentage of extremely rich people and a large percentage of poor, with a very small middle class.

FDR's New Deal, by increasing taxes radically on the wealthy (both inheritance and income taxes) and increasing wages, brought a strong middle-class into existence. That middle class has been the engine of the US economy but is dwindling. The solution is to restore taxes and support the worker's causes.

Gilded Age:

https://en.wikipedia.org/wiki/Gilded_Age

"Why We’re in a New Gilded Age" by Paul Krugman:

http://www.nybooks.com/articles/archives/2014/may/08/thomas-...

The Rich, the Right, and the Facts: Deconstructing the Income Distribution

http://prospect.org/article/rich-right-and-facts-deconstruct...