Thursday, February 24, 2011

Tax the Rich

Arianna Huffington’s Huffington Post now represents a trend made viable by corporate deregulation under the George W. Bush administration. In the face of a continually decreasing American economy, the rich continue to try to acquire equity in products themselves are not able to create. This is the antithesis of the core philosophy of Capitalism, although in recent decades with a swell in Wall Street trading it is being perceived as the real McKoy. The Grass Roots movement in America best viewed in the lineage of the Gilded Age represents a viable model of economic prosperity in America. The buying and selling of companies on Wall Street is not. While it is obvious the chasm between the poor and the rich has grown since the Bush presidency, the disparity between the working class and affluent America always has been present. One only must turn on the tube or watch a spate of emerging retro 80’s flicks at the theatre to see this tenacious disparity continue. Memories of the Reagan Era are creating a sentiment that seems to be ever increasing in Hollywood. Likewise re-emergent mall landscapes are an eerie physical incantation attempting to raise the ghost of trickle down economics. It will be interesting to see if mainstream America bites. More realistically the creative and artistic mall scenarios probably will bite it themselves, because the pocket change America carried in the decade of the 80’s no longer exists. This dichotomy, an elitist economy on top of the real economy, is the fatal illusion that is impeding progress in America. While fiscal progress because of the government’s huge accruing debt is foremost in most people’s minds, jump-starting the economy via Capitalism is the only way to revitalize America. The corporate pattern of the last decade engineered by Bush Jr. is not the right model. It was an elitist model devised for those all ready possessing money. Reagan was more successful in his administration, because culture and education were at a high point in American history. Reducing tax rates for the rich for the first time from 70% to that akin of middle class America worked, because the rich invested their money back in the infrastructure of America. Unlike Wall Street cronies of this decade, they did not pocket the cash. This first emerging class of wealth saw the need to re-invest their monies in the system that was creating their lifestyles. We have seen an unparalleled greed in the American economy in the Bush and post Bush years favoring an earthly presence of the anti-Christ. Could this symbolically be the sign that the second coming of Jesus Christ is near, and the epic significance of 2012 is credible? Judging by media’s depiction of the crisis it seems otherworldly in nature. Could it be the quintessential battle between rich and poor has surfaced again as the metaphor for the battle between evil and good? Will we ever recover from this human-induced drama, or is some kind of spiritual intervention being summoned? Solutions to the economic crisis, while not intangible, seem to bathe themselves in the hypocrisy America has sported since its inception. For America’s economy to resurrect, the real philosophy of the America Dream must be reestablished, aid for the middle and lower classes must be provided, and the rich must be taxed.