Thursday, March 10, 2011

Millionaire Republican politicians and millionaire media pundits agree to share the act of sacrificing the middle class.

In the United States, the median wage in 2009 was $26,261—lower than it was in 2000. When you average in the billionaires, it was only $39,269.

Heather Digby Parton

The assault on unions by Republicans to benefit their corporate supporters (and eliminate a core Democratic constituency) is going to end badly.

Back in the early 90s when I made $23,000, I often thought that it was madness for business interests to reflexively apply downward pressure on middle class wages. Who, I thought, would be able to buy the crap that corporations produce, and where would tax revenue come from to support the already inadequately funded services that government contributed to society?

Clearly I was naive, and not paying attention to the globalization rhetoric of both Democrats and Republicans at the time. In roughly a decade, US corporations (multi-nationals) went from bleeding just over 250 million rubes in this country to 6.5 billion globally.

Corporations today make record profits and tax revenues are at record lows—we're screwed.

Macro-future


 
Micro-future

UPDATED:
I know there are plenty of millionaire Democrats, and they're complicit in this shit storm. But, unlike millionaire Republicans, they aren't ideologically driven to screw the middle class, they're just cowards.

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