Redistribution is a fact of life. The tax code, by it’s very nature, redistributes wealth. It has to, in order “to pay the Debts and provide for the common Defence and general Welfare of the United States“.
The real question is: What kind of redistribution works best for the country?
The republicans have embraced upward redistribution, a strategy that is decimating the middle class. In a consumption economy, this is fiscal suicide.
The Democrats embrace a strategy that funnels more money back into the economy, empowering demand and driving sustainable growth. This is a strategy that built the United States into the superpower it is today.
It is a strategy that predates either modern political party. From the Louisiana Purchase to the Alaska Purchase, tax money has been used for expansion from the very beginning. Land given to farmers and ranchers, schools and land grant colleges.
And the transcontinental railroad, much of it wasted by corporate greed.
The G.I. Bill helped create a golden age of prosperity, even as the rich were heavily taxed.
State agricultural colleges and their extension services made farmers more productive. Hydroelectric dams, the interstate highway system, NASA, DARPA…all created opportunities or entire new segments of the economy.
We would not be who we are if not for the kind of government spending that republicans are opposed to.
Read the Article at HuffingtonPost