Disir
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- Sep 30, 2011
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Let me introduce a member of the liberal elite:
Peter A. Georgescu
He's skeered. Here is his op-ed which came out in August.
http://www.nytimes.com/2015/08/09/o...e-we-need-to-deal-with-income-inequality.html
The responses were so overwhelming that there was a Q&A. You can find this here:
http://www.nytimes.com/2015/08/11/o...atedCoverage®ion=Marginalia&pgtype=article
Used up your allotted access to articles? Don't want to touch the NYT?
Here:
Breaking News: The Rich Discover Inequality
So, what to do?
We could, suggests one of his readers, stop the offshoring of jobs, which has undercut the wages of American workers. No, Georgescu responds, that would be "protectionist." End of discussion.
Another reader suggests we raise taxes on the rich. Certainly not, says Georgescu; government is too big and inefficient to give it any more money. And besides, "many wealthy people use their wealth wisely"; their contributions (tax subsidized, he omits to note) "help make this nation a more civilized place."
So what is our compassionate plutocrat's "free-market" solution? Businesses he says should get tax subsidies to increase the wages of people making less than $80,000. In other words government should pay a corporation every time it gives a raise to a low to middle income worker. With a straight face, Georgescu assures us that this would not be "an increase in government support."
And where, in the absence of taxes on the rich and in lieu of government borrowing, which he also denounces, would we get the money for this new program of corporate welfare? A deafening silence.
Peter A. Georgescu
He's skeered. Here is his op-ed which came out in August.
http://www.nytimes.com/2015/08/09/o...e-we-need-to-deal-with-income-inequality.html
The responses were so overwhelming that there was a Q&A. You can find this here:
http://www.nytimes.com/2015/08/11/o...atedCoverage®ion=Marginalia&pgtype=article
Used up your allotted access to articles? Don't want to touch the NYT?
Here:
Breaking News: The Rich Discover Inequality
So, what to do?
We could, suggests one of his readers, stop the offshoring of jobs, which has undercut the wages of American workers. No, Georgescu responds, that would be "protectionist." End of discussion.
Another reader suggests we raise taxes on the rich. Certainly not, says Georgescu; government is too big and inefficient to give it any more money. And besides, "many wealthy people use their wealth wisely"; their contributions (tax subsidized, he omits to note) "help make this nation a more civilized place."
So what is our compassionate plutocrat's "free-market" solution? Businesses he says should get tax subsidies to increase the wages of people making less than $80,000. In other words government should pay a corporation every time it gives a raise to a low to middle income worker. With a straight face, Georgescu assures us that this would not be "an increase in government support."
And where, in the absence of taxes on the rich and in lieu of government borrowing, which he also denounces, would we get the money for this new program of corporate welfare? A deafening silence.
