ilia25
I can do math
- Jan 12, 2012
- 1,859
- 100
- 48
Obama is simply not a very bright person. He is unable to tell bad economic advice from a good one, much less to come up with good ideas on his own. He is in permanent state of confusion about the policy issues and that makes him overly cautious.
And that is a problem, because with Republican party so far in the la-la land, there is no one who can tell the truth to Americans.
The truth is that if we want to keep Social Security and Medicare afloat we have to rise taxes. The population is aging and new medical treatments and drugs are being invented that can prolong people lives -- but at a cost. So if we want our seniors to live in dignity and have access to modern healthcare, we have to spend a bigger share of our income to finance the social programs.
Another truth is that the advances in technology increase the inequality. The economy was growing in the past 30 years, but the middle class living standards stagnated because all additional economic output is being sent to the top earners. The rich see their living standards rising fast at the expense of the rest. That calls for more wealth redistribution, not less.
After all, the US economy was growing faster in 50s, when the top marginal taxes were at 91%.
Somebody has to tell this to American people, somebody has to challenge the voodoo orthodoxy that has been guiding the US economic policy since Reagan times. I may be wrong, but I have little hopes that Obama will ever become that person. He is just too slow and too timid.
And that is a problem, because with Republican party so far in the la-la land, there is no one who can tell the truth to Americans.
The truth is that if we want to keep Social Security and Medicare afloat we have to rise taxes. The population is aging and new medical treatments and drugs are being invented that can prolong people lives -- but at a cost. So if we want our seniors to live in dignity and have access to modern healthcare, we have to spend a bigger share of our income to finance the social programs.
Another truth is that the advances in technology increase the inequality. The economy was growing in the past 30 years, but the middle class living standards stagnated because all additional economic output is being sent to the top earners. The rich see their living standards rising fast at the expense of the rest. That calls for more wealth redistribution, not less.
After all, the US economy was growing faster in 50s, when the top marginal taxes were at 91%.
Somebody has to tell this to American people, somebody has to challenge the voodoo orthodoxy that has been guiding the US economic policy since Reagan times. I may be wrong, but I have little hopes that Obama will ever become that person. He is just too slow and too timid.
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