Monday, July 13, 2015

It's about equality, stupid

The thing Bernie Sanders says about inequality that no other candidate will touch

By Jim Tankersley July 13 at 6:00 AM

There are very few unspoken rules among major-party candidates for president, and Bernie Sanders is breaking one of them. He’s saying that America’s leaders shouldn’t worry so much about economic growth if that growth serves to enrich only the wealthiest Americans.

“Our economic goals have to be redistributing a significant amount of [wealth] back from the top 1 percent,” Sanders said in a recent interview, even if that redistribution slows the economy overall.

“Unchecked growth – especially when 99 percent of all new income goes to the top 1 percent – is absurd,” he said. “Where we’ve got to move is not growth for the sake of growth, but we’ve got to move to a society that provides a high quality of life for all of our people. In other words, if people have health care as a right, as do the people of every other major country, then there’s less worry about growth. If people have educational opportunity and their kids can go to college and they have child care, then there’s less worry about growth for the sake of growth.”

Sanders’s position inverts decades of orthodoxy among liberal and conservative candidates alike, by prizing redistribution above all else. It taps into the mounting frustration in America, particularly among more liberal voters, with the widening gap between the rich and everyone else.

(Continued here.)


Blogger Minnesota Central said...

Sanders is talking about an issue that needs more discussion however politicians respond with "job-killing" rhetoric ...

Did you hear Sanders Q&A at the Christian Science Monitor breakfast last month ?

He noted that twelve of the richest Americans saw an increase in their wealth over the last two years of $154 billion --- think about that --- $12.8 billion per person.

And we have a Congress that has failed to address the "re-corporationization" as occurred with the Medtronic-Covidien, BurgerKing-TimHorton, AppliedMaterials-ToykoElectron, and others.
(Worse yet, Minnesota's First District Congressman Tim Walz voted to give Medtronic a $112 million tax cut by repealing the medical device excise tax.)

It isn't just the "inversion" problem, Procter and Gamble is creating a Reverse Morris Trust in it's sell-off to Coty Inc. It will save in excess of $5 Billion in taxes on a $12 Billion sale.

The tax system is skewered against us ... and backed-up by the politicians ... Congress needs to listed to Bernie Sanders.

6:27 AM  

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