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View Diary: Corporate profits are highest-ever share of GDP, while wages are lowest-ever (79 comments)

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  •  The taxes and government spending con game (2+ / 0-)
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    War on Error, DSPS owl

    They've carefully shaped the conventional wisdom about economic matters to always center on government spending and government taxation as the reason why the economy is out of whack. Taxes are destroying the middle class; tax changes are needed to save the middle class - but somehow it's always the corporations and the rich who make out like bandits from those changes.

    And then there are things they DON"T want to talk about.

    Wages? Can't pay workers more or reflect productivity gains in 'em because that would make them GASP uncompetitive! (But that's not a factor in paying out big executive salaries and stock dividends.) Can't raise  wages because GASP inflation! Oh, and blame people for running up credit card debts and living beyond their means - but make damn well sure those means don't increase.

    I'd like to see the middle class pay more in taxes the old-fashioned way: pay them more money!!! Really want smaller government? PAY PEOPLE MORE so they don't need so much help just to survive. I'd like to cut welfare by RAISING THE MINIMUM WAGE!!!

    Sorry for the shouting - but I get so tired that you never hear about this when the Very Serious People come out to tell us what to think.

    "No special skill, no standard attitude, no technology, and no organization - no matter how valuable - can safely replace thought itself."

    by xaxnar on Mon Dec 03, 2012 at 06:21:05 PM PST

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