"Working for the Owners" by Paul Krugman at the NY Times

[applegrove]

Working for the Owners

by Paul Krugman at the NY Times

http://krugman.blogs.nytimes.com/2014/03/22/working-for-the-owners/?smid=re-share

"SNIP.......................


Think back to the Bush administration, whose main economic theme was the “ownership society“: in effect, the message was that you’re not really a full-fledged American, no matter how hard you work, unless you have a lot of assets. Think of Eric Cantor’s famous Labor Day tweet in which he used the occasion to celebrate business owners. More recently, Mike Konczal has pointed out that despite claims that the Tea Party somehow represents a rebellion against business domination of the GOP, the Tea Party agenda corresponds almost perfectly with Wall Street’s goals.

Oh, and let’s not forget the long crusade against the estate tax.

In short, the GOP is more and more a party that consistently, indeed reflexively, supports the interests of capital over those of labor. But why?

Well, one thing you might imagine would be that the party was responding to a change in society — aren’t more and more Americans asset owners, for example through their retirement accounts?

And the answer is no. In fact, the concentration of income from capital in a few hands has risen sharply.




......................SNIP"

[lastlib]

1. What Bush actually proposed was the "own-a-ship society"......

...where everyone who owned a yacht got a tax cut.

[Dirty Socialist]

2. The Ownership Society Means

the corporation owns your ass!