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View Diary: The Decline of Democracy and the Rise of the Corporatocracy: Causes and Outcomes (135 comments)

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  •  We Proved Unambiguously How to Prevent This (35+ / 0-)

    It's a national security imperative that most additional income be taxed away beginning beyond a modest number times the national median.

    The upper classes can't be allowed to gain share of the national wealth, they need to be held to a far lower share than they presently have, and progressive income-suppressing taxation has to begin down in the upper middle class.

    Progressives have completely abandoned any notion of protective income taxation, but it's absolutely essential no matter what other regulation is in the economy, to prevent the rise of a ruling class and to suppress all the sociopathic reckless business and financial practices that pursue unsustainable gains at great risk in the longer term.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Fri Jun 17, 2011 at 12:41:40 PM PDT

    •  It's not only Taxes but Tarrifs we need (15+ / 0-)

      If we re-instituted import tarrifs and  killed subsidies (corporate welfare) then we can get back in balance.

    •  Yep. Scandanavia figured this out. (10+ / 0-)

      Hell, even Andrew Carnegie figured out that inherited fortunes needed to be destroyed.

      Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

      by neroden on Sat Jun 18, 2011 at 05:57:40 AM PDT

      [ Parent ]

      •  Go back further. (5+ / 0-)
        Recommended by:
        farbuska, bunsk, Gustogirl, vacantlook, mike101

        Thomas Paine wrote eloquently about the need for an estate tax in Agrarian Justice. Taxation of huge accumulations of wealth prevents the creation of the rich and powerful families who plague us today. The passing of such enormous wealth has become a hereditary path by which families like the Bushes have come to rule. Back in the eighteenth century the founding generation understood that rule by birthright supported by wealth was a big reason for the necessary break with Great Britain. It continues to be an underlying struggle for the soul of American democracy and the primary obstacle to America ever reaching it's mythical promise. Those who have the wealth and power almost never give it up willingly. It takes a system of government and justice to hold the balance between the wealthy and the common man. Our system has always been under attack from the rich and powerful.

        They are winning. Today the system is tipped far in their favor by a compromised government intended to maintain the balance. Why is it we expect a bought and paid for government to right itself?

        Time makes more converts than reason. Thomas Paine, Common Sense

        by VTCC73 on Sat Jun 18, 2011 at 11:09:49 AM PDT

        [ Parent ]

      •  Part of what we are seeing (1+ / 0-)
        Recommended by:
        mike101

        is a result of the weaknesses of character and intelligence that eventually visit an insular, inheritance-based wealthy class.

        Take, for example, the great heist of 2008.  It was very nearly suicidal and may still turn out to be.  Trampling the consumer base has a natural limit for profitability, but they don't seem to recognize any limits at all.

        It is the behavior of entitled, spoiled brats; nascent sociopaths and psychopaths who destroy with glee without stopping to look around themselves to see what they have wrought.

        Government of the people, by the people, for the people, shall not perish from the earth - Abraham Lincoln

        by Gustogirl on Sat Jun 18, 2011 at 12:48:34 PM PDT

        [ Parent ]

    •  Tax Rates (12+ / 0-)

      used to be much more progressive, with rates for the highest income earners in the 70-80% range before the days of Reagan.

      I believe Reagan was the first major president of the corporatocracy: he popularized the heretofore fringe idea that tax cuts for the rich were impportant for the greater good of all.  With Reagan and thereafter, there were a succession of "tax cuts for the wealthy and for corporations" politicians, all leading up to the $14 trillion debt we have today.

      However, I am not opposed to wealth per se.  But I do believe the vote of a wealthy person should not be accorded any greater status than the vote of a poor person.

      •  Actually (4+ / 0-)
        Recommended by:
        ozsea1, QuoVadis, farbuska, TexasTwister

        I'd put the start of this crap on Nixon. He began taking apart the Great Society and even bit into some New Deal programs like parity pricing and surplus commodities. This part of the class war has been going on for a long time, maybe a century.

        "If I pay a man enough money to buy my car, he'll buy my car." Henry Ford

        by johnmorris on Sat Jun 18, 2011 at 09:48:41 AM PDT

        [ Parent ]

      •  Reagan was the plan coming to fruition (2+ / 0-)
        Recommended by:
        mike101, jsquared

        Reagan was nothing. He was a concept. He was a salesman and spokesman. He had nothing to do with government or foreign policy other than to sell an agenda to people who wouldn't want it if they understood it. He provided Americans with that wonderful 50's America that never really existed. He began the process of corrupting American cultural icons and concepts that were respected in their own right such as "democracy" and "freedom" and "president" and co-opting them for use in propaganda. People coming of age during and since the Reagan era have lived their entire lives in bullshit world and are probably approaching majority at this point if not alreaady there. They've been trained to believe in a corrupted version of America and many do. They can't bring themselves to believe it's all been sold out from under us. That is the success of the VRWC and the challenge we face. The tea party are pre Reagan people who liked his message (racism) and thought he was legitimate and thus didn't notice the corruptions of those American icons and concepts, and believe they're intact. Like "Reagan Democrats" they've been snowed and are literally asking - no - demanding to be screwed.

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