September 15th, 2009

news, cronkite

And That's The Way It Is: "Mister Taxy" Is A Friend Of The Rich

I'm posting this link in part for my own benefit, for easy reference in the future:

“Mister Taxy” Is A Friend Of The Rich.


In which MGK makes it clear that the biggest beneficiaries of tax dollars devoted to social infrastructure are, in fact, the wealthy.

Excerpt:
The level of income inequality between the poorest and richest is the greatest it ever has been in human history. On the one hand, that kind of sucks; on the other hand, it’s amazing. There’s a reason that feudal lords in the Middle Ages weren’t as comparatively rich as modern tycoons, and it’s not because of technology: it’s because they don’t have to spend money on keeping people alive and healthy and generating value and furthermore able to generate the best possible value, because the government does that for them, and frankly does it better than individuals could anyway.