So what is the answer? If the picture I’ve drawn is at all right, the only way we could have anything resembling a middle-class society — a society in which ordinary citizens have a reasonable assurance of maintaining a decent life as long as they work hard and play by the rules — would be by having a strong social safety net, one that guarantees not just health care but a minimum income, too. And with an ever-rising share of income going to capital rather than labor, that safety net would have to be paid for to an important extent via taxes on profits and/or investment income.
I can already hear conservatives shouting about the evils of “redistribution.” But what, exactly, would they propose instead?
(via Portuguese Memories (Trivial and Personal) - NYTimes.com) Krugman is on the far right [haha]; as commenter CrabbyTom in NC says, “PK’s Dylan period.”
Every once in a while, however, politicians do something so wrong, substantively and morally, that cynicism just won’t cut it; it’s time to get really angry instead. So it is with the ugly, destructive war against food stamps.
I believe that’s eurospeak for “the beatings will continue until morale improves.” (via The Beatings Must Continue - NYTimes.com)