From Barron’s magazine (our most prestigious conservative financial publication for serious investors), Feb. 16, 2004, at the height of George Bush’s popularity:

 

“Bush … is engineering a fundamental change in the tax system. By gradually taking capital out of the tax base through reductions in levies on dividends, capital gains and inheritances, Bush is transforming the income tax into a pure tax on wages. If Bush can finish his work, the capital gains, dividend and estate taxes may disappear entirely.” 하남출장마사지

How’s that for a dictionary definition of an aristocracy? Wealth is inherited, the income from wealth is not taxed, and all taxes are placed on those who actually work for a living.

It’s time we got back to the kind of democratic capitalism that actually made America the great country that it is. Right now, we have a government that lacks the values that are necessary for a civilized society: respect for honest work, decent pay for those at the bottom of our economy, adequate health care and a decent education for all, and so on..

That’s what this website is all about.

 

 

 

Why Are There So Few Roosevelts and Trumans Today?

 

Three reasons why so many Democrats have forgotten how to win elections

1. They’ve been bought-off by the same special interests that already own the Republicans.
2. They’ve been conned by Republicans into believing that the only way to win is to steal the Republican’s agenda—as Clinton did.
3. They’ve actually succumbed to the simplistic economic and social slogans of America’s well-financed conservative think tanks and propagandists.

The first reason is obviously valid, as the records demonstrate. There’s not much we can do about that, except make sure that politicians who are not on the take win in the Democratic primaries. And when an incumbent Democrat proves by his voting record that he has been bought-off, make sure he doesn’t get the chance again.

The second two reasons are tougher and the focus of this web site. One of the great mysteries of the universe is why Democrats take the advice given by Republicans. When the Rs say that they would be delighted if Ds took up the “class warfare” issue, shouldn’t the Ds be suspicious? Isn’t it likely that they are terrified at the thought that it could become a prominent election issue?

Sure, the U.S. has become a very conservative country, but it’s not because of the conservatives’ record, or because their philosophies and strategies are right. It’s because they have successfully distorted important economic and social concepts, and not enough knowledgeable Democrats have been willing to call them liars.

Sheer repetition without refutation has led many voters to become convinced that:

 

 

• High incomes and tax cuts for the wealthy are good because they create jobs. Wage increases for workers are always bad because they cause inflation.
• Corporate profits are good. Legislative protections of working conditions are expensive, benefit primarily workers, and are therefore bad.
• Economic growth is good, as long as it increases corporate profits. Economic growth is excessive—and bad, if wages start to go up.
• The Chamber of Commerce and the National Association of Manufacturers are good for American workers. Labor unions are bad for them.
• Globalization is good for everyone, investors and workers alike.
• And so on, as is covered throughout this web site.

Public acceptance of nonsense like this has led to the greatest wealth and income gap since the Great Depression, which is not a good sign for the future. Too many Democrats have decided that the way to win elections is to act like moderate Republicans. As a result, they have abandoned their core—working Americans.

They were able to win elections, but now they feel they can’t get reelected if they don’t vote with the Republicans in bringing Congress to an effete standstill. However, if present trends continue, and the economy continues to benefit bankers and the established wealthy—at the direct expense of working Americans—it should be much easier to pound some sense into American voters in time for the 2010 elections.