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Tuesday, October 4, 2011

The "New" Liberal is nothing but the same old Liberal

http://www.huffingtonpost.com/jeffrey-sachs/a-new-direction-for-ameri_b_994406.html

It's always funny to see the new ideas these people come up with.  In the article Jeffrey Sachs repudiates political idols John Maynard Keynes (something I could do all day) and Adam Smith as basically too old.  He believes we need a NEW path to economic success and to quit the Left and Right economic ideologies.  Education, he makes clear in his article, is the most important part of our economy and for American Jobs:

"Americans with a college degree are generally okay. Their unemployment rate is 4.3% and average incomes are above $60,000 per year. There are many help-wanted signs for talented computer programmers, engineers, and other high-skilled workers. Americans with a high-school diploma or less are falling into poverty, with unemployment of 10% and incomes averaging less than $30,000 per year. For these workers, the only help-wanted signs are for dead-end jobs that lead to poverty."
Need I say it?  The more education you have, the more your labor is worth.  But then what does that have to do with the economy?  Let's see....

"With America at the brink of financial collapse and class war, it is time for all sides to follow a new direction: a long-term effort to invest in skills and twenty-first-century infrastructure, paid for by increased taxes paid by cash-rich multinational companies, high net-worth individuals, and polluting industries. Rather than creating low-skilled and temporary jobs for our kids, we should be helping kids to stay in school until they have the skills to compete effectively in the new global economy."
See it now?  The ONLY way we can get out of this economic downturn is to tax rich companies, high income individuals, and polluting industries!  Gee, that kinda sounds familiar.  It maybe just me, but that sounds like the usual Left ideology.  I mean for a guy who nearly denounces Keynes, he sounds a lot like him.  Well, he sounds a little like, well I don't know..... Pelosi, Reid, Obama, Barbara Boxer, the entire Democrat party.  But, No!  He's different.  Look:
"The money to pay for this expanded effort can come largely from the top of the income distribution. The top 1% of households took home 10% of household income in 1980 but now take home roughly 23%. Along with this remarkable surge in income after 1980 came tax cuts and increasingly easy access of the rich to offshore tax havens."
Oops.  I was wrong.  It's the EXACT same policy we've been hearing from the Left.  If you can find anything different Please, tell me.  I beg you.

Just to end a few of the fallacies (though they NEVER end) in there by the way:

  • American Public schools get TONS of money.  The fact is we have a bureaucratic system that instead of finding ways to help kids, finds ways to make more and more worthless education jobs.  In a recent John Stossel special, he showed that many Charter Schools do BETTER and have higher graduating rates than public schools even when charter schools work with LESS funding. 
  • IF you are planning on taxing companies more (we already have a 35% Corp income tax) don't plan on them sticking around!  They can leave when they want and then there will be Less jobs.  Don't expect them to start making jobs when they have Obamacare hanging over their heads and the EPA cruscading against them.
  • As to the High income individuals, they can leave like the corporations can, and they will go to somewhere Nice and Tropical.  Do you really think it'd hurt them that much to move their businesses to the Caribbean or China?  Okay, you got me.  China's not that tropical.   
  • The Recession was GOVERNMENT caused.  Government spending has gotten us into this, it is a paradox to think it will get us out. 

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