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Not really, no - not when the rich have been responsible for most of the wealth capture.

Put simply, you don't create a reasonable middle class income for the poor by impoverishing the middle classes - you do it by taxing and regulating the rich, because they own the bulk of the wealth.

While I'm sure some rich conservatives enjoy the divide-and-rule prospect of trying to set the poor, the unemployed and the middle classes fighting each other for scraps like crabs in a bucket, the point of progressive policy is to ensure that social investment is substantial and significant.

Scraps from the table aren't an acceptable substitute for that.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Jun 29th, 2010 at 09:50:06 PM EST
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