Paul Buchheit | November 21 2016 | Common Dreams
Four decades of American narcissism and greed and exceptionalism have allowed the super-rich to dictate the future path of our nation. We’re paying the price now, with environmental disasters, nonexistent savings for half of our families, Americans dying because of expensive health care, and a growing fear of blowback from desperate victims of our foreign wars.
Environment Be Damned
Almost all reputable sources agree that human-caused climate change is killing people, with up to 400,000 annual deaths “due to hunger and communicable diseases that affect above all children in developing countries,” and up to 7 million deaths—over a half-million of them children under the age of five—caused by air pollution.
The richest people in the world create most of the pollution, yet are the least likely to feel guilty about the effects of their behavior, and the least likely to suffer from the impending environmental damage. This could lead to terror-filled years for the generations to follow us. Even the CHANCE of such misery for their grandchildren should motivate the super-rich to address the root causes of global warming. Instead, they have plans to retreat to impregnable “safe rooms” with food and water, oxygen, medical supplies, and all the amenities for a year or more of underground living.
Disdain for the Taxes that Support Society
Charles Koch said, “I believe my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington.”
Beneficial to society? Where is the incentive for Charles Koch, or any other billionaire beneficiary of decades of tax subsidies, to support the needs of average people?
The breakdown in taxes began in the 1970s, when University of Chicago economist Arthur Laffer convinced Dick Cheney and other Republican officials that lowering taxes on the rich would generate more revenue. Conservatives have contorted this economic theory into the belief that all tax reductions are beneficial. It was proved wrong from the start. Several economic studies have concluded that the revenue-maximizing top income tax rate is anywhere from 50% to 75%. Yet our next president wants to cut taxes on the rich.