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View Diary: They Are the 1% - A Really Scary Follow Up (95 comments)

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  •  I agree that the problem is economic injustice (2+ / 0-)
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    swellsman, Killer of Sacred Cows

    Where I think we may differ is regarding solutions (and assignment of blame).

    The problems were caused, in my opinion, by a number of factors including globalization, but most importantly and most cogently by our dismantling of the economic safeguards imposed in response to the Great Depression. This took many decades. It wasn't only the 1% who is responsible: the Reagan Revolution was more about people who wanted to become rich than about actual rich people. Surely many of the economic 1% understand that the current state of affairs is untenable in the long run. But emotions are involved. They don't think they've done anything wrong (and really, have they?) and they resent being blamed for everything. Many in the 99% are almost the converse: they think they've done everything right, and they resent how they keep getting poorer and less powerful. Emotions motivate but they also distract and mislead.

    I love the fact the people are demonstrating against economic injustice, and the 1%/99% rhetoric is OK as a start. I wouldn't want it to go on much longer, though. The solution is to pass better laws to place limits and safeguards on the economy. We need a rhetoric that is a better match to the underlying problems and their solutions. It's easy to mock the Tea for their bumper-sticker ideology, but it's not easy to ignore the effectiveness of sloganeering and branding to cohere a movement to achieve a common purpose.

    •  Oh, yeah, I agree with you on that. (3+ / 0-)

      That is sort of what I was trying to get at when I was saying that the moral culpability of the 1% doesn't really concern me.  I'm not even really interested in assigning blame to individuals so much as I am interested in trying to figure out what social policies need to be enacted in order to limit the growing income inequality we've been experiencing over the past coupla decades.

      Now, personally, I do believe that there are some in the 1% who quite obviously are deliberately plotting to exacerbate the situation.  Just as one example, I remember a coupla years ago reading a short article that listed the people responsible for something like 98% of the money spent lobbying to completely eliminate the estate tax.  There weren't that many individuals, and even fewer families represented.  I remember that the Walton family contributed the most but, then, they have to most to gain.

      But I also agree that there are a lot of misguided people in the 99% who also want to eliminate the estate tax out of some misunderstanding that it impacts them or simply because they don't understand the worthwhile economic compression it is intended to (and does) effect.  

      The policy outcome is the same regardless of who is lobbying for it or what that person's motives are - it is much more important to prevent that outcome than it is to demonize the people attempting to achieve it, no argument.

      Politics is the neverending story we tell ourselves about who we are as a people.

      by swellsman on Mon Oct 10, 2011 at 10:13:28 AM PDT

      [ Parent ]

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