Says the Communist Robert B. Reich: “Over the past four decades, the share of federal revenues coming from corporations has dropped by two-thirds, from 21 percent of government revenues in 1962 to only 7 percent last year. Who’s made up the difference? You and me, of course.” One question Mr. Reich: Who is the corporation? Uhhh, “you and me, of course.”
When Reich was running for Governor of Taxachusetts, he said he “made a career out of cleaning up Republican messes” and would apply those skills if he is elected governor. What are Mr. Reich-stag’s glorious skills? Why raising the EITC (Earned Income Tax Credit), of course. But let’s get this straight: the EITC is no “credit,” it is a bonus gift, a gimme, a blatant redistribution, a theft job of the highest proportion. Remember Reich’s “Bubble-Up Economics?” That was defined as “boosting long-term growth by investing in assets that will uniquely build American productivity and thereby attract global capital: our people (their education, training and health) and our infrastructure (transportation, water and sewers, and sustainable energy supplies that won’t emit so much carbon dioxide into the atmosphere or depend on foreign supplies).
Instead of trickle-down economics, call this “bubble-up economics.” Notice he doesn’t dare mention real capital growth. The Reichian solution to the horrid CPAs and tax attorneys that get their clients out of paying into the welfare well: “Bar tax advisers from pocketing a portion of the money they save their corporate clients. Simplify the tax code - get rid of all corporate welfare in the form of special tax breaks. And beef up IRS enforcement.” In other words, tax the hell out of anything and everything that moves, but keep the oppressed from being able to raise a sword back at their aggressors.
This, folks, is the sole purpose of centralized government. When will you all learn? Reich is perhaps the world’s greatest foe of private property and wealth. He hates business, hates entrepreneurs, and loves taxes and public policy grabs. He’s still around, all 4’11” of him, post-Clintonian era, quite visible at The American Prospect, but Mr. Bubble-Up’s words, these days, have about as much impact as a fart bubble in a crowded jacuzzi. Like my Dad used to say, “That little pipsqueak....”
