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View Diary: Socialism — what it isn’t (117 comments)

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  •  asdf (3+ / 0-)
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    84thProblem, DarthMeow504, unfangus

    My premise is that it is a good thing for the government to do things that restrain capitalism's tendency to concentrate wealth at the top.

    And their decision making -- especially those small businesses that file as individuals -- would not be distorted by tax policy.

    That's one of those things that sounds great, but the net effect of making efficiency the highest good is that you eventually end up sacrificing justice on efficiency's altar.

    I reject your apparent premise that introducing "distortions" into the economic system is always and everywhere bad.

    Bringing things back to Ike's era: if high marginal tax rates are bad, why were the 1950s and 1960s remembered as a sort of golden age for American workers?

    The unvarnished truth is this: your average American worker has been running in place for 30 years. During that time, productivity per worker has increased by over 40%, and those workers' pay has barely budged.

    Almost 25 percent of American children are on food stamps. The combined number of un- and underemployment, even after four plus years of “recovery,” is still almost 16 percent. Half of all Americans struggle to feed themselves. People whose collars are blue and whose hands are callused are staring every day into a continuing economic abyss that is killing their friends and making their neighbors homeless.

    The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts. -Bertrand Russell

    by mftalbot on Thu Apr 04, 2013 at 05:23:00 PM PDT

    [ Parent ]

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