Reply #9: A large middle class is an artificial creation! [View All]

[Warpy]

I'm absolutely amazed at how many "experts" in eoconomics don't realize that, but then most economics chairs are endowed by the rich and the corporate and teach only neoclassical economics, a formula for getting us back to the days of the robber barons and ultimately to serfdom.

The only way to create the conditions favorable to the middle class is to create conditions that prevent the concentration of capital into fewer and fewer hands. We've done this successfully in the past with a progressive tax structure. That has kept the money cycle flowing. The money pump always flows from the bottom up, and only be recycling the money from the top back down to the point of origin can you keep the whole thing functioning. The rich will still get richer. They just do so a little mroe slowly.

Those rotten sales figures from the discount giants, the 3.5 million unsold cars on the lots are all symptoms that abandoning this model was done at our peril. The consumer market is being choked off, and Bush's solution is to keep downward pressure on wages while trying to come up with ways to raise taxes on the poorest.

The major economic fight of our lives has got to be to reinstitute a progressive tax structure, whether income or sales tax. Only in this way can we get any sort of a fair deal for labor while curtailing the type of greed we've seen run amok over the past 40 years.

Otherwise, we'll end up just like Mother Russia. Serfdom. Aristocracy. No other choices.