Everyone Gets It Except Hillary and Obama
03 March 2016 | Pago Pago, American Samoa
Even billionaire right-winger Charles Koch has this to say about Sanders:
"The senator is upset with a political and economic system that is often rigged to help the privileged few at the expense of everyone else, particularly the least advantaged. He believes that we have a two-tiered society that increasingly dooms millions of our fellow citizens to lives of poverty and hopelessness. He thinks many corporations seek and benefit from corporate welfare while ordinary citizens are denied opportunities and a level playing field.
"I agree with him."
Then recently Thomas Piketty offered this take on where things stand:
“Sanders’ success today shows that much of America is tired of rising inequality … and intends to revive both a progressive agenda and the American tradition of egalitarianism. Hillary Clinton, who fought to the left of Barack Obama in 2008 on topics such as health insurance, appears today as if she is defending the status quo, just another heiress of the Reagan-Clinton-Obama political regime.”
To explain, Piketty points to the distribution of income under the past century’s presidents:
"From 1930 to 1980 – for half a century – [the income] tax rate for the highest US income (over $1m per year) was on average 82%, with peaks of 91% from the 1940s to 1960s (from Roosevelt to Kennedy), and still as high as 70% during Reagan’s election in 1980. … Reagan was elected in 1980 on a program aiming to restore a mythical capitalism said to have existed in the past. … The culmination of this new program was the tax reform of 1986, which ended half a century of a progressive tax system and lowered the rate applicable to the highest incomes to 28%.
"Democrats never truly challenged this choice in the Clinton (1992-2000) and Obama (2008-2016) years, which stabilized the taxation rate at around 40% (two times lower than the average level for the period 1930 to 1980). This [helped] triggered an explosion of [income] inequality coupled with incredibly high salaries for those who could get them, as well as a stagnation of revenues for most of America – all of which was accompanied by low growth."
Obama and Hillary are out to lunch, failed progressives, Republican Lite's, if you will, as I have long said. Status quoers.