Thecuriousmail’s Weblog

Democratic governments are now NOT so democratic.

Posted in Uncategorized by thecuriousmail on April 23, 2017

gold dollar.jpgThe increasing inequality in democratic developed countries can only have a certain number of explanations:

Either, 1) that there is no problem that warrants action, and even if only 1 person owns 99.9% of the wealth, this is an acceptable situation.

The best way to “spread the wealth around is to leave it in the hands of the wealthy.” says John Tamny,  a senior fellow in economics at Reason Foundation, the political economy editor at Forbes, a senior economic advisor to Toreador Research & Trading, and editor of RealClearMarkets.com.

Carol Roth,  an American radio host, television personality, author and investor, says: “I take issue with the entire inequality discussion, as opportunity and prosperity are important objectives, but equality is not only a pipe dream, it isn’t desirable.”

Or, that there is a problem with wealth inequality, but

  1.  we’re at “X” level, which is ok, but when we reach “Y” level, then action will be taken, or
  2.  governments are taking no real action, but say they are (collusion, corruption), or
  3.  governments are taking real action, but it has no effect (ineffectual).

What does your government say??

So, is Tamny, Roth and the like, correct?

Or these people:

During the Age of Reason, Francis Bacon wrote “Above all things good policy is to be used so that the treasures and monies in a state be not gathered into a few hands… Money is like fertilizer, not good except it be spread.”

“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.”  Franklin D Roosevelt.

“It was possible, no doubt, to imagine a society in which wealth, in the sense of personal possessions and luxuries, should be evenly distributed, while power remained in the hands of a small privileged caste. But in practice such a society could not long remain stable. For if leisure and security were enjoyed by all alike, the great mass of human beings who are normally stupefied by poverty would become literate and would learn to think for themselves; and when once they had done this, they would sooner or later realise that the privileged minority had no function, and they would sweep it away. In the long run, a hierarchical society was only possible on a basis of poverty and ignorance.”  George Orwell.
“I see in the near future a crisis approaching that unnerves me and cause me to tremble for safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic destroyed.” Abraham Lincoln.

And in Australia:

The tax cuts announced by Treasurer Scott Morrison flow overwhelmingly to high-income earners, with 70% of taxpayers gaining nothing.

All the benefits go to people in the top 30 per cent of income earners.

“Scott Morrison and Mathias Cormann might not be smoking cigars tonight like Joe Hockey did so ill-advisedly after his budget, but the top 1 per cent will be,” said Richard Dennis, chief economist at the Australia Institute.

Mr Morrison defended the tax changes against allegations they lacked fairness and equity because the benefits were skewed to those on higher incomes.

So, is wealth inequality increasing or decreasing? Every study I have seen, from numerous unrelated sources, says that it is, a resounding yes that wealth inequality is increasing, and an equally definite affirmation that the government is doing nothing to reverse the situation. In fact, governments appear to be not just enabling the inequality thru tax concessions and the absence of legislative action, but to also be actively attacking poorer Australians thru reductions in wages and conditions.

The question then is, have the so-called democratic governments now become the enemy??

“Concentration of wealth yields concentration of political power. And concentration of political power gives rise to legislation that increases and accelerates the cycle.” Noam Chomsky.

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