Posted on 11/03/2008 7:01:07 AM PST by reaganaut1
We both agree that individual income tax rates and other taxes for those at the very top could be moved back to the rates of the Clinton era.
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In addition to restoring a sound fiscal regime, we could improve our personal savings rate and expand retirement security by establishing some kind of individualized account separate from Social Security, financed by an appropriate revenue measure.
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A true market economy should have true labor markets in which labor and business negotiate as peers. Many years ago, the economist John Kenneth Galbraith argued that collective bargaining was necessary so workers had the countervailing force they needed to bargain for their fair share of the growth they’re helping produce. To re-establish that force, workers should be allowed to choose to be unionized or not.
(Excerpt) Read more at nytimes.com ...
"Workers should be allowed to choose to be unionized" is nauseating double-speak for abolishing the secret ballot for union recognition.
I am saddened by the giant steps back our country seems to be making, although I will vote on election day to avoid them. If worst comes to worst, it means that we will just have to work harder to save our country. When people see 401(k) plans abolished, and their energy bills "skyrocketing", and the right to vote on unions abolished, they may come to their senses. It's true that adults shouldn't need to touch a hot iron to know they'll be burned, but the U.S. seems short of real adults.
When the very top has now reached down to $95,000 per year, I think Rubin is on very thin ice with this argument. If he wants to argue for high taxes for himself and his 100 closest friends in the multi-hundred millionaire category, well, they are big boys and I will let them fight their own battels. Leave the other 99% of us out of it.
May I suggest that more radical action may be necessary to save our country?
Civil disobedience should not be off the table. I’m not advocating it, but it should be a decision that each individual considers.
Also, my wife and I will be reducing our discretionary spending by 75% if Obama wins. We will save the money in a offshore account in gold equivalent that does not pay interest. Since there is no income, there is no tax liability, and thus no illegality in non-reporting of the assets.
Jared Bernstein is a hack, but it is very disturbing that Robert Rubin might actually believe this stuff.
“Civil disobedience should not be off the table.”
Absolutely not.
Labor never negotiates as a peer. They are a monolith that says it is our way or the highway, we get what we want or we strike and nobody gets anything.
If there was ever a veil over Robert Rubin's true socialists nature because of his position at Goldman Sachs, it has forever been removed.
Keep in mind that Goldman Sachs and its like don’t create wealth; they trade in it. Others create it and when we allow them to be as dominant as we have, the creators do business elsewhere, which is what is happening.
Yours is a good explanation of why the Left gravitate to that arena. They view our system as Capitalism, the manipulation of capital, as opposed to Free Enterprise, the production of goods and services (wealth) to fulfill needs and wants of individuals.
They view Capitalism as corrupt and they gravitate to it to participate in the corruption. Soros, Buffet, Rubin to name just a few.
It has often puzzled me why they seem determined to kill the horse they are riding.
Because they are too busy greedily enjoying the ride to worry about the health of the horse. They have no interest in the innovation upon which the market depends for future growth. That is why, in recent years, more IPO’s based on breakthrough technology have been taking place overseas than here. That was not the case for over a hundred and some years before, during which time we rose to dominate the world through our productivity and resourcefulness.
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