No, that wasn't written by Bill Black.
Rather, it's the final output from recently demised Alexander Cockburn - and, incidentally, highly recommended (personally) by a pre-eminent chronicler of the MICC and Pentagon corruption.
A Road Trip Through Political Scandal, Corruption and American Culture
Is that what "No Child Left Behind" was really all about? Creating a Gresham's dynamic, where the Keating-5 could be free to become the Cheating-450, and then the Keeping-1%?
"Everyone's doing it!" The new motto for the GOP AND DNP alike.
Even a return to Glass-Steagall wouldn't be enough. We need to set our sights high enough to survive a context ol' Mr. Glass couldn't have imagined the extent of. We need a Black-Cockburn Act, to once again impose minimal separation of graft and state.
ps: How long will it take us to recover the storehouse of Middle Class resiliency ... if we can do it at all?
4 comments:
It's amazing how gullible the Middle Class is. Every election cycle, existing campaign donors just dangle some plausible new bait.
Most voters always swallow new bait - hook, line & sinker.
As they do, the 1% are always there to eat Middle Class lunch. Again. And again. Year after tragic year.
That's why the hoarders have been winning for 40 years straight.
The Middle Class is SO EASY TO MANIPULATE!!!
This won't ever end, until Jane & Joe Sixpack recover the capacity to actually think, just a bit more selectively.
Call me next time you're impressed with the quality of discourse inside a WalMart ... or if WalMart goes out of business. Those 2 events should roughly coincide.
to once again impose minimal separation of graft and state.
But you won't because the concept of so-called creditworthiness when it comes to ANY government-backing of the banks is ITSELF a form of graft that you are all loath to repent of, it seems.
Thieves who are themselves the victims of smarter thieves, who should pity them?
Why hasn't their been substantial reform of the money system despite its obvious crookedness and dangerous instability? Because most people wish to join the looters themselves? Especially those smart enough to understand the system?
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
Bible Search "oppress poor"
Oh man, even John Glenn involved.
God, that's what I call disappointment.
You can remove all regulations and implement 90% marginal tax and all this thievery and speculation will loose its incentives. Nobody at higher strata management will risk too much for too litle if it confiscated.
The real reason for the best prosperity times was when marginal tax was over 90%. It provides for the right incentives on multiple levels.
With the fall of top marginal tax rate came all these problems of low prosperity share by workers and savings glut which pushed interest rates down untill ZLB and finacial collapse. With 90% marginal tax rate this could never hapen even if all other regulations were removed.
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