Class Warfare...
Posted: Mon Nov 19, 2012 9:40 pmThis is a discussion I’d like to have:
Do you view Obama’s reelection as being based on inciting class warfare… or ending class warfare as we know it?
http://en.wikipedia.org/wiki/Class_warefare
I myself think it’s the latter. I made this conclusion based off of, what else… history. Without going into a dissertation on American history, economics, and labor relations, it’s quite apparent that this country is in a relative place in time compared to the era of the robber barons. Super high executive salaries, shadow companies, venture capitalists, and the deregulation of Wall Street (as well as the Great Recession) have led to the greatest migration of wealth since the late 1800’s. I believe the President’s mandate supports the belief that the wealth gap must close again.
While I understand that many of the original robber barons led this country to its industrial glory, it wasn’t until FDR and Eisenhower raised taxes, regulated the markets and created some kind of equality between labor and management (legitimate unionization, Fair Labor Standards Act of 1938) that America reached its overwhelmingly greatest potential in its short history.
I think we’re at that crossroads again. The wealthy corporate moguls are on average earning more than 3000% more than their lowest paid workers. That’s a record, my PCF friends, that hasn’t been seen since the heyday of Andrew Carnegie. I see absolutely nothing wrong with closing the gap by raising taxes and closing loopholes. That’s the way it was done when the “Greatest Generation” was in its prime, and I think we can do the same with a little more “across the isle” cooperation and a lot less divisiveness that, IMHO, is based on outdated policies (like Reaganomics).
Regards,
RT6
Do you view Obama’s reelection as being based on inciting class warfare… or ending class warfare as we know it?
http://en.wikipedia.org/wiki/Class_warefare
I myself think it’s the latter. I made this conclusion based off of, what else… history. Without going into a dissertation on American history, economics, and labor relations, it’s quite apparent that this country is in a relative place in time compared to the era of the robber barons. Super high executive salaries, shadow companies, venture capitalists, and the deregulation of Wall Street (as well as the Great Recession) have led to the greatest migration of wealth since the late 1800’s. I believe the President’s mandate supports the belief that the wealth gap must close again.
While I understand that many of the original robber barons led this country to its industrial glory, it wasn’t until FDR and Eisenhower raised taxes, regulated the markets and created some kind of equality between labor and management (legitimate unionization, Fair Labor Standards Act of 1938) that America reached its overwhelmingly greatest potential in its short history.
I think we’re at that crossroads again. The wealthy corporate moguls are on average earning more than 3000% more than their lowest paid workers. That’s a record, my PCF friends, that hasn’t been seen since the heyday of Andrew Carnegie. I see absolutely nothing wrong with closing the gap by raising taxes and closing loopholes. That’s the way it was done when the “Greatest Generation” was in its prime, and I think we can do the same with a little more “across the isle” cooperation and a lot less divisiveness that, IMHO, is based on outdated policies (like Reaganomics).
Regards,
RT6