“This is a budget plan that ends Medicare’s guaranteed benefit, takes health care coverage from millions of Americans, radically redistributes wealth in the wrong direction, slashes taxes on the very wealthy, and would “take food from poor children, make it harder for low-income students to get a college degree, and squeeze funding for research, education, and infrastructure.
“And despite what you heard on the House floor if you watched the debate, the Ryan plan does not reduce the debt, either. It simply punishes the poor severely, in order to finance lavish tax breaks for the wealthy.”
Once again, this defines the Republican Party as a privileged citizens group who continue to promote policies and programs that “save” their constituents taxes necessitated through redistribution in order to prop up an economy that is failing the vast majority of Americans because they are shut out of a system employing capital credit to finance future productive capital ownership. Instead the system works for those who have accumulated significant “savings,” which are continually reinvested and multiplied through the use of retained earnings and debt financing to further concentrate ownership in new productive capital growth.
America has tried the Republican “cut spending, cut taxes, and cut ‘entitlements’” and the Democrat “protect ‘entitlements,’ provide tax-payer supported stimulus, lower middle and working class taxes, tax the rich and redistribute” brands of economic policy, as well as a mixture of both. Republican ideology aims to revive hard-nosed laissez-faire appeals to hard-core conservatives but ignores the relevancy of healing the economy and halting the steady disintegration of the middle class and working poor.
Some conservative thinkers have acknowledged the damaging results of a laissez-faire ideology, which furthers the concentration of productive capital ownership. They are floundering in search of alternative thinking as they acknowledge the negative economic and social realities resulting from greed capitalism. This acknowledgment encompasses the realization that the troubling economic and social trends (global capitalism, free-trade doctrine, tectonic shifts in the technologies of production and the steady off-loading of American manufacturing and jobs) caused by continued concentrated ownership of productive capital will threaten the stability of contemporary liberal democracies and dethrone democratic ideology as it is now understood.
Without a policy shift to broaden productive capital ownership simultaneously with economic growth, further development of technology and globalization will undermine the American middle class and make it impossible for more than a minority of citizens to achieve middle-class status.
See http://foreconomicjustice.com/11/economic-justice/
