January 1, 2014
CNN, home to the Army’s Fourth Psychological Operations Group, admits the “war on poverty,” launched half a century ago this month, is a dismal failure and more Americans than ever are mired in poverty.
How to reverse this long-running trend? Well, since the problem is all about “income inequality,” the natural solution is to tax the rich, although CNN does not directly say this. Instead, it cites nonpartisan congressional analysts who blame “less redistributive” government for the yawning chasm between rich and poor.
In other words, more confiscation will be required. Not from the 1% that offshores its cash and devises other ways to avoid taxation, but from helpless victims in the millionaire class and the middle class directly below it.
How to accomplish this? Get out the vote… again.
“Statistics do show lower-income people are less likely to vote. According to CNN exit polls, those who made less than $15,000 per year comprised 6% of voters in 2008. More than 13 percent of the overall population fell below the poverty line that year,” CNN reports.
Liberals hope 2016 will be different as they push people like Massachusetts Sen. Elizabeth Warren to run for president. A neophyte politician, Warren is a champion of liberal economic policies.
And progressives believe the election of Democrat Bill De Blasio as Mayor of New York, the world’s financial capital, is a promising sign the nation may be more ready to discuss issues pertaining to poor people.
A populist, De Blasio has stressed a tale of “two cities” theme that illustrated a division of rich and poor.
CNN says establishment Republicans are also looking to court poor people. “Democrats tend to support policies that involve more government and equitable wealth distribution while Republicans tend to back a ‘trickle-down’ approach in which stronger upper and middle class economies benefit the poor,” CNN explains.
“Trickle down” is a buzzword that drives liberals bats. They prefer direct confiscation and never seem to notice that this does nothing to ameliorate the lot of the poor.
“Government’s power and money doesn’t trickle down,” writes Jeffrey Tucker. “It takes money and pours it into ever more bureaucracy and gives it to the elites. Its power grows and grows at the expense of society.”
It looks like a new war on poverty is about to be launched by the establishment. Like the last one, this new boondoggle will not reduce the number of poor people, but it will grow government and create a new class of bureaucrats.
Of course, so long as the economy is the play thing of banksters and their coterie at the Federal Reserve, nothing significant will change, expect maybe the rhetoric and a march to the polls where rigged voting machine wait.
This article was posted: Wednesday, January 1, 2014 at 11:07 am
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