Sunday, June 27, 2010

Quote Of The Day

Ian Welsh on the G-20 conference, and what it means for you:

It’s really, really simple. The rich crashed the world economy. They were bailed out, with their wealth having almost entirely recovered and corporate profits likewise have pretty much recovered. Now, at the G10, the world’s leaders are discussing how to make regular people pay for the rich’s follies.
You notice that somehow, no one is talking about going back to 1950’s levels of progressive taxation, with a top rate around 90%. No, what they’re talking about is making the middle class and the poor pay for the sins of the rich.

The key thing here to understand is this: there is no crisis for the rich or corporations any more, therefore as far as they are concerned, there is no crisis.

G20 Confers on how to make you pay for the rich’s blunders

[links from original] You've read that sentiment that I've italicized here a time or two.

In many of the countries of the G-20, conservative parties are in power right now. In contrast, in the U.S. this is being done by the Democratic Party, which is supposed to be the one that looks after ordinary Americans. As long as progressives blindly support the Democratic Party, without requiring that they actually fulfill that role, we will continue paying for the mistakes of the rich, and they will see no problem with making us do that.


One Fly said...

Can't say it much better than that Cujo.

Cujo359 said...

Ian has a way of putting things succinctly.

One Fly said...

Not him-What you said at the bottom Cujo.