First, I’m kind of liking this whole “Coffee Party”/”Occupy Wall Street” thing. I wrote a little about the nascent Coffee Party more than a year and a half ago, and thought it might be cute but not really practical. I’m still not sure where (if anywhere) it’s going, but at least it’s got people taking notice and talking. I’m less enamored of the Occupy Wall Street thing for reasons I’ll touch upon a little bit here; but, again, I like that ordinary people are becoming engaged in the process.
I think the sniping that the group or groups are unfocused are overblown. Environmentalists have been just saying “no” for years now, and who doesn’t love environmentalists. There will come a time – sooner rather than later I think – when they’ll have to put up or shut up, but I see nothing wrong with letting the pot simmer a little bit longer.
One idea I’ve had for awhile is that we need to not tax corporate earnings, and I have a couple of reasons for that. The biggest reason is that taxing corporate earnings is intellectually dishonest. Despite what the Supreme Court says, corporations aren’t human beings; they have a fiduciary duty to maximize share value to stockholders. When you tax corporate earnings the corporate managers simply adjust their prices to include expected taxes, and the consumers pay the tax. Consumers always pay the taxes. I think I’m probably missing something here, and I’d like for someone to tell me what that is.
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The other thing is that having corporations pay taxes reinforces their argument for a seat at the table with politicians. This is America, and in America paying taxes means you have a right to representation (unless you’re an undocumented immigrant, but that’s another issue).
I am a little disappointed that I haven’t heard anything yet about developing alternative candidates for even local political offices. If there is an expectation that the status quo will be changed by either the Democratic or Republican Parties, then I believe a lot of people are wasting their time out there. If the Democratic and the Republican Parties are not in fact corporations, they do a very good imitation; and neither gives a rat’s ass for anyone who can’t write a seven-digit contribution. We need some well-intentioned independents at all levels of government to deny either Party a majority.
I pretty much agree with you which doesn’t surprise me. I also don’t like the idea of estate taxes which I know is not a popular view from a leftie but I feel like the people paid that tax as they earned it. They pay on capital gains. Why tax the family for what already was taxed? there is only one reason I can think of which is social engineering which only actually works to limit middle class families from building up something or holding onto the family farm or business. The really big guys always have ways around it. It’s very hard on the family ranches if the family wants to keep it going. I actually have written a blog about it also having just gotten back from ranching country where that estate tax often ends up with the ranches going into corporate hands and out of families.
Some interesting thoughts here. I certainly agree with most and fail to understand how the Supreme Court could interpret a corporation to be considered the same as an individual. I’ve long said if we the people want change it must start at the local level — school boards, city officials to county to state, board of supervisors, etc. So, why don’t more people vote during those elections and on off years? If there is unhappiness and anger enough stirred up from these “Occupy … ” events to cause individuals to actively initiate more involvement in the governmental system, they may be worth it. The current primary political parties aren’t going to make the needed changes based on their track records and current behaviors.