Tuesday, October 11, 2011

Economic Injustice

This is the mantra the OWS is using as a platform for their message.  There are very few specific demands.  I believe they are leaving the particulars to the policy makers.  Perhaps the OWS cannot directly impact the 1% but they can make the entire country stop and look at what injustices are taking place.  They can develop their own opinion. Liberals and progressives have been ignored and dismissed too long.

In an argument I had with a conservative friend he said, "Corporations need capital to invest in their companies and thrive."  How exactly will paying taxes prevent them from doing this?  That is why the government gave them money.  Then they turned around and used their wealth to support candidates that would lower their tax burden. How will using that money to help the working class get loans and invest in the economy hurt them?  In turn they will get interest paid on that money and that is profit.

Oh and Reaganomics trickle-down theory was disproved. I'll site sources in a subsequent entry if it becomes an issue.   

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