Streak's blog misses Streak, but less sad.
The "truths" behind each of these myths are recognized everywhere as actual, verifiable facts.But in politics, none of it matters. I really get frustrated in my job a lot that verifiable facts disappear to the almighty Sound Bite. All of these 15 truths are dismissed with a "nuh-uh" and every legislative session, session after session, the same old parade of tax cuts and middle class bashing march along. It's worse than groundhog day.
in fact, in Michigan right now, we're in the midst of #11. Proposals are introduced to increase the minimum wage, but every Tax Policy committee, we have to suffer the same old tired death march of "it'll make us fire people" and "it'll cost jobs" and "it hurts the economy."Wait...it hurts the economy to pay workers? Well...who in the fuck pays for the widgets we make then??I know I'm bitching and pessimistic right now, but for Great Googly Moogly, I am sick and tired of these arguments. When in Hell did Capitalism become "make as much money as possible" rather than remaining a solid economic theory? I mean, I guess that a strict reading of Wealth of Nations yields "make as much money as possible," but I recall only when it's unchecked. In other words, the abuses of, say, child labor during the early parts of the Industrial Revolution are a "natural" part of Capitalism...but they can and should be averted.But anyway, that makes too much sense. If I can't beat 'em, join 'em.RAISING THE MINIMUM WAGE HURTS JOBS!!
Neat list. I will confess that my own understanding of economics is limited to two quarters of college econ and I don't recall most of it. I get the sense that most people that support a completely unregulated economy don't understand econ any better than I do or are very unrealistic. From time to time, I hear about going back to the "good old days", but that ignored the fact that even in the time of the Founding Fathers, the economy was regulated through things like tariffs.
There is this fundamentalism about these lies. People insist they are true, and facts really don't matter. As you note, Smitty, this has real world implications. Here in OK, the anti-tax mentality is very strong. I heard a story the other day about counties who produce a lot of limestone gravel but not oil and gas. The gravel isn't taxed, so doesn't really help those counties, while the counties with oil and gas extraction have more money for roads and schools. Just about everyone involved sees an upside for taxing those gravel extractions--including some of the gravel companies themselves. But it won't even get to the floor for a vote.
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