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View Diary: “Ownership” Societies – Part I (40 comments)

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  •  Not so simple for regular folks -- (3+ / 0-)
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    cotterperson, x, sb

    percentages and inflation are difficult for them to grasp and trends totally elude them in real time.

    I personally think that economies are very complex.  The application of certain macro-economic policies are simple enough -- but don't always work as intended - because there are complexities that aren't acknowledged or understood.  Some look like paradoxes which is where I'm going in Part II.    

    •  what's not simple (12+ / 0-)

      I believe are the "markers" we use to signify economic success: so in common parlance having lots of money and low taxes and "owning" things makes people "well off", when in reality the definition of "lots" of money can only be figured in relation to what basic needs cost, so for example while many folks claim that raising minimum wage makes it "too much" what we really need to ask is what is a "living wage".  Or in reality Europeans have and pay higher tax rates than we do, they get something of value from their taxes in the form of far better health care, a secondary education system that everyone in their nation can afford to access and utilize, comprehensive child care and even publicly funded media and postal systems that work.   Or in reality, what we call "ownership" is actually "debtorship", what most of us own when we take out mortagages is a 30 year debt.  But we don't view it that way.

      It might be a bit simpler if we didn't speak in economic euphemisms all the time.

      Words can sometimes, in moments of grace, attain the quality of deeds. --Elie Wiesel

      by a gilas girl on Tue Feb 14, 2012 at 05:39:12 PM PST

      [ Parent ]

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