Posted on 08/25/2015 12:40:05 AM PDT by conservativeread
There is little that happens in society in general and the market economy in particular that most on the political “left” do not think needs more government intervention, regulation, and redistribution to make “better.”
One recent example of this is a lengthy “report” primarily prepared by Nobel Prize-winning economist, Joseph E. Stiglitz, for the Roosevelt Institute. Released in June 2015, Stiglitz and his co-authors present an agenda for, Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity.
The “Progressive’s” Agenda for Bigger Government
Running for 100 pages, it is based on the premise that markets are inherently likely to be unfair when left on their own without pervasive government oversight and regulation; that income inequality must be cured through various fiscal and interventionist policies; that America’s economic system is persistently biased against ethnic and related minority groups; and that sustainable growth and stable financial markets require more intrusive government intervention, including making “full employment” a higher priority for the Federal Reserve in setting monetary policy.
In the grab bag of policy proposals are included federal laws restoring union power to control labor markets and hold businesses hostage to their wage and benefit demands; even heavier environmental regulations on business and industry in the name of saving the planet; higher marginal tax rates on the classified “rich,” and increased capital gains and dividend taxes to pay for all the things the Roosevelt Institute authors think government should be doing more of.
(Excerpt) Read more at conservativeread.com ...
“...pervasive government oversight and regulation...”
Hey, why not - it worked for the Soviet Union, communist China, Vietnam, and Cuba, right?
Right....?
You talked to this one yet?
(Excerpt) Read more at
No.
I say we round up the progressives and deport them.
Yes, send all leftists to Cuba. Let ‘em stand in line for TP.
Yes, schools need to teach, “choices and competition” as fundamental to success more than, “the three R’s”.
The one point this article fails to drive home is the motivation of, “progressives” is only minimally related to altruism for the underprivileged but more to maintaining power through control of government. In most socialist economies the underprivileged remain so while the leaders skim the wealth.
bmp
One roll would last them quite awhile:
Sheryl Crow’s view on toilet paper: one sheet a visit
Environmental movements: Singer tells the Global Warming College Tour to limit use to one square normally, two to three squares on ‘pesky occasions’
So, basically, the Nobel Prize winner’s “report” is nothing but a lame retelling of the same old, stale, failed leftist “beliefs”.
1. Taxation laws must be massively overhauled. We need a tax system that is easy to understand, have much lower tax rates, and encourages savings and capital formation staying in the USA.
2. Federal regulations need to be simplified. There are too many laws on the books that are unneeded or obsolete and should be phased out.
3. Our banks should not engage their assets in risky behavior. Re-impose the 1933 Glass-Steagall Act and get banks out of the investment banking business; that way, bank assets are not at risk from the mercurial nature of equities markets.
Perhaps the best way to get your stuff read would be to post it *in full*.
That way, folks here will know that your not just using us to promote your blog.
It would also help if you actually responded to the comments people make on the threads you start. That's just common courtesy.
And there's one more thing.
One more thing - Your blog is not News.
Well there goes Trump's economic policy.
How very self-congratulatory of you!
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