The End of Welfare as We Don't Know It

[Charles Brown]

Isn't Max alleging that the rich don't
have enough money to pay for these ?
That the rich are too poor to pay
for the masses' socialism ? In other
words, there isn't enough money for
socialism , et al., period ? Sort of
rederiving scarcity theory.

One question is : Do the Commerce
Department categories of profit
etc.  hide
large amounts of surplus value, 
such as the profits of control
that economist Victor Perlo
analyzes in _Superprofits and
Crises_. ?

Charles Brown


>From the market to the Marxit
>>> "James Baird" <jlbaird3 at hotmail.com> 10/13 1:15 PM >>>


>
>Bottom line is that the rich will not finance
>socialism, social-democracy, or even national
>health insurance.  Not even close.
>

But they can sure give it the old college try, can't they?

How about, for starters, cutting some of the overt subsidies to the rich 
- most pentagon spending, mortgage deductions, state and local corporate 
givaways.  Remove the cap on SS, and reduce the rate.  Practice 
confiscatory taxation above say, $2,000,000 (I'm a Huey Long fan, but 
with inflation and all...)  Institute a wealth tax.  Raise gas taxes, 
move the money into mass transit.  You could get your extra $500b or 
more without breathing hard.  

I realize there's not a chance in hell this will come to pass, but come 
on Max, this ain't brain surgery!  Have you been in D.C. so long you can 
only think in terms of making things worse less quickly?

Jim Baird

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