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Saturday, July 13, 2013

How to help the poor, Koch-style...

"Way out-of-touch conservative billionaire Charles Koch—who is worth $43 billion—claims in a new $200,000 ad campaign running in Wichita, Kansas, that Americans who make $34,000 a year ought to consider themselves lucky because that’s more than 99 percent of the world makes. Koch also says the “secret” to helping poor people out while growing the economy is to cut the minimum wage. How easy and convenient for someone who … has a net worth that’s roughly 1 million times that yearly figure. P.S.: … [T]here’s evidence that raising the hourly income of the lowest paid workers to $9 would add as much as $48 billion to the economy by the next year. So Koch wants us to envision a global standard of poverty like this,* and God forbid that you credit New Deal and Great Society programs that greatly alleviated grinding poverty** like what Americans previously experienced (and a growing population currently experiences it). Most likely the pictures at those links reflect the sociopathic one percent’s utopia. Jiggering the tax code to favor the wealthy allows them to organize capital to wage class warfare that destroys the lives and freedom of millions of Americans."

Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. ~ Abraham Lincoln And the natural world also precedes capital, for without the leveraging of natural resources, labor, and managerial skills, capitalism could not exist.
 
True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made. ~ Franklin D. Roosevelt

http://www.truthdig.com/eartotheground/item/senators_introduce_new_glass-steagall_motorcyle_abortion_bill_passes_and_mo/ 

*http://blogs.denverpost.com/captured/2011/08/03/captured-somalia-famine/4538/
**http://www.loc.gov/pictures/resource/fsa.8b29516/