Editor,
No.
The promise that cannot be kept is that taxes on corporations and high earners will be forever low -- that corporations' and high earners' promised ride will be forever free.
Squeezing life from the poor to preserve excess for the rich is a policy with outsized benefit for a narrow few.
Why should corporations sit on two trillion dollars of cash?
Why should rich people sit on billions of dollars in offshore bank accounts?
Who benefits from hoarding capital?
Certainly not the millions of citizens who rightly look to government to provide the programs and services that are essential to a functioning society and that only government can provide.
The promise that capital can be hoarded rather than invested in the physical and social infrastructure on which civilization depends never should have been made.
Now indeed it is finally time to break it.
Re: "When Wealth Disappears" (10/7/2013)
About Me
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- Bill Appledorf
- I like the way birds tell each other when someone is approaching, how briefly they swoop in to feed on berries in the wild, how they fly away as fast as they possibly can after pecking off a morsel or two, and how big the creek behind where I am staying gets when it's been raining hard for a few days.
Click here to hear me play a tune.
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