Bloomberg tells us:
"Americans want their government to create jobs through spending on public works, investments in alternative energy or skills training for the jobless.
"They also want the deficit to come down. And most are ready to hand the bill to the wealthy."
Yeah, and? Who else even could pay?
More of our nation's wealth is concentrated in fewer hands than was the case, say, 25 years ago. Basically, corporations are pass-through entities for wealthy individuals, be those individuals shareholders or employees (e.g., execs and managers).
Corporations (and wealthy individuals) have reaped tremendous financial benefits through governmental policies (e.g., policies relating to taxes, worker's wages, and corporate regulation). Corporations (and wealthy individuals) have directly or indirectly received huge taxpayer-funded subsidies (e.g., government contracts and agricultural programs for landowners).
I don't think there's much left to squeeze out of us middle- and working-class folks. Thus, if jobs are needed to repair our nation's economy, whom else can we expect to give up a little in order to fund those jobs?


