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Desc:An Interview with Michael Hudson
Category:News & Politics
Tags:taxes, economy, Michael Hudson
Submitted:fermun
Date:01/11/11
Views:1071
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godot
To all the voters out there, I'd like to thank you for the 15% long term capital gains rates. I promise to fund lotsa environazis and abortionists with my surplus.
Robin Kestrel
In some alternate universe right now, this guy is President Kucinich's Chief Economic Advisor.

"an appropriate euphemism for every reality" - love that, so apt.
cognitivedissonance
I'm starting to wonder if Europe shunted off all their whiny do-nothings to America deliberately.
godot
We live in a society that hasn't rid itself of the Calvinist mindset (riches come to the elect), and yet which much of the wealth has accrued from "accidental" resources (if you own the mineral rights on a special plot of land, you win). Its a lottery culture, which the masses think they, too, can win.

It won't resolve into anything like an ethical meritocracy so long as cultural myths founded in the Calvinist/lottery culture reverberate. Give it another century or two.

baleen

Some "free market" Republicans seem to think that free markets are a force of nature, God-given even, and literally interpret Adam Smith's invisible hand to mean the hand of God. So it's even weirder. I think these people resonate with many conservatives of any religious bent:

http://www.salon.com/news/feature/2009/07/21/c_street

That makes it more than something stemming logically from Calvinism. It's a very bizarre marriage of a certain brand of pseudo-economics with religion, and it probably comes from God's Defeat of Marxism, or some such narrative.

FABIO
Can anyone who's lived in both places tell me if European convenience stored are as jammed as the ones in America with blue collared workers sorting through their weekly $200 in lottery/scratch tickets?

Syd Midnight
I think the UK has slot machines instead, so other customers don't have to stand there waiting in line behind someone while they pay the Stupid Tax.

baleen
I prefer to think of it as a Voluntary Education Tax.

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