Skip to main content

something is wrong

There is a reason that charging higher marginal tax rates is catching on even among Republican voters: people are seeing a broken system where some are benefitting greatly while a large majority are increasingly losing out.

Income disparity has become a huge problem in America and it is getting worse. However the answer isn't about the rich throwing dollar bills out the window but rather returning to paying their fair share as they did during the greatest economic growth period in the country's history; a time when those marginal rates were sometimes as high as 91%.

Alexandria Ocasio-Cortez's proposal is hardly revolutionary: increase marginal rates for every dollar above 10 million. This money will then get fed back into the public infrastructure development, schools, health and other beneficiaries. Your entire society benefits a little and the wealthy can still lead the lifestyle they desire. During Eisenhower's presidency those marginal rates kicked in above $200,000 which is roughly equivalent to $1.7 million today and far more aggressive than Ms. Cortez's proposal. During that time prosperity was extremely high and a healthy middle class was built as a result.

Some point to current stock and job market health but they are not indicators of the problem because being employed doesn't mean you are prospering and many of these people are not market investors. Hence, you can forget these as metrics for a nation's overall health. You can also forget about the myth of trickle down economics.

If the current system were working so well we wouldn't be seeing fully employed people living out of their cars struggling to pay basic needs and foregoing health care payments while some people swim in their billions. We also wouldn't be seeing the US rank so low in the overall happiness rating (18th) for such a large industrialized nation losing to more social democratic countries like the European Nordic states, Australia and Canada.

Clearly, oligarchy works very well for the few but not so much for the majority.

Image result for eisenhower
Eisenhower

Comments

Popular posts from this blog

One transgender woman's take on AGP

This entry from the transhealth website dates back to 2001 and it offers a very nice dissection of the now mostly debunked but still controversial AGP theory and how this transgender woman could care two cents about it. People who have been trying to marginalize the experience of gynephilic transwomen have pushed for the stigmatizing idea that they are actually perverted men. Well this soul, who couldn't give a hoot either way, isn't buying any of it and her frankness at times had me chuckling to myself as I read her posting. If we ever met I would give her a hug for seeing through the BS but mostly for being herself: "About a year ago I was reading on Dr. Anne Lawrence’s site about a new theory of the origin of trans called “autogynephilia.” This theory asserts that many trans women—and transsexual women in particular—desire reassignment surgery because they are eroticizing the feminization of their bodies. The first thing that struck me about it, of course, was t

Never Say Never....

 I was certain that I would never post here again and yet, here I am. It’s been several years, and life has changed me yet again. I have burrowed further into my psyche to discover more internal truths about myself all in the silence of a life lived with more periods of reflective solitude than ever before. After attempting for many years to be a problem solver for others, I needed to dig deeply to discover who I was, which should be a necessity for all people and an absolute imperative for those of us who dare rub against the grain of conventional society. The most important thing we can do for ourselves is honor the internal voice which has driven us since childhood. That whisper which we were compelled to ignore through our initial indoctrination must be listened to again for guidance. I knew I had spent too long heeding messaging that wasn’t working for me as a trans person, and it was time to stop. For the world gleefully basks in a level ignorance and hypocrisy we are not abl

my last post

This will be my last blog post. When I wrote recently that this blog had another seven years of life in it I was trying to convince myself that it was true. It was in fact a little bit of self delusion. With almost 3,000 posts to date I have accomplished what I set out to do which was to heal myself and in the process share some of the struggle I had been through with others on the chance they might find some value in my words. After seven years of writing, my life still isn't perfect; no one's is. But I have discovered a path forward completely free of the trappings which society would have had me adopt so I could fit in. Over the last 25 years of my life I have turned over every stone I could find while exploring this topic and in the process realized that we haven't even begun to scratch the surface of this deeply complex subject. What I have ultimately learned is that my instincts have more value than what someone who isn't gender dysphoric writes about me. We