- Those who contend that the extraordinary accumulation of
wealth is a good thing say that while the rich are indeed getting
richer, so are most people who work hard and save. They say that the
tax cuts encourage the investment and the innovation that will make
everyone better off.
"In this income data I see a snapshot of a very innovative society," said Tim Kane, an economist at the Heritage Foundation. "Lower taxes and lower marginal tax rates are leading to more growth. There's an explosion of wealth. We are so wealthy in a world that is profoundly poor."
But what the data say is that the middle class and poor are not better off. We're just, in effect, supposed to be happy about an "explosion of wealth" for somebody else, while, as Avedon Carol says, the Kanes and Tom Friedmans of the world keep telling us...
- ...to give up our comfortable little welfare-state provisions in order to join the cut-throat new world the corporate globalizers want to give us, but they never tell us what we're going to win for it other than an endless life of struggle for what we used to have.
And it's not just them. Read Niall Ferguson, in Colossus, about how Europe is doomed because of its lazy 35-hour weeks. When I was in school, we were taught that the 40-hour work week was a proud achievement of the union movement, won literally with blood in the streets. When did a good lifestyle for the masses become something for a country to be ashamed of?