Taxing Wall Street
As the rich get richer in New York public services are meanwhile bracing themselves for “draconian” cuts. To save New York, tax Wall Street, writes The Guardian’s Sadhbh Walshe.
As the rich get richer in New York public services are meanwhile bracing themselves for "draconian" cuts. To save New York, tax Wall Street, writes The Guardian’s Sadhbh Walshe. "Life in New York is about to get very interesting. Like so many other states, New York is in the red, facing a budget deficit of $9bn dollars in the coming fiscal year. In response to that deficit our political leaders have thrown out the scalpel and are wildly swinging the axe on just about every public service you can imagine, from prenatal care to senior centres. The accepted wisdom is that there is just no money to be had so these cuts have to be. But the truth is that there are billions of dollars out there for the taking, if Governor Paterson or Mayor Bloomberg were willing to raise income tax on the richest of New Yorkers even by a tiny amount. Wall Street has just had a bumper year with the top three banks who benefited from Tarp paying themselves almost $30bn in bonuses, higher even than their previous record in 2007. It seems reasonable to expect that a small portion of this windfall would be paid back in the form of income taxes to help out the people who are suffering now largely as a result of Wall Street's wild behaviour. But for some bizarre reason the inflated salaries of New York's wealthiest people are off limits. Instead the best the mayor and the governor can come up with is a soda tax that disproportionately affects poor people."
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Is it "perverseness," the "death drive," or something else?
A disturbing interview given by a KGB defector in 1984 describes America of today and outlines four stages of mass brainwashing used by the KGB.
- Bezmenov described this process as "a great brainwashing" which has four basic stages.
- The first stage is called "demoralization" which takes from 15 to 20 years to achieve.
- According to the former KGB agent, that is the minimum number of years it takes to re-educate one generation of students that is normally exposed to the ideology of its country.
It's up to us humans to re-humanize our world. An economy that prioritizes growth and profits over humanity has led to digital platforms that "strip the topsoil" of human behavior, whole industries, and the planet, giving less and less back. And only we can save us.
- It's an all-hands-on-deck moment in the arc of civilization.
- Everyone has a choice: Do you want to try to earn enough money to insulate yourself from the world you're creating— or do you want to make the world a place you don't have to insulate yourself from?
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