tag:blogger.com,1999:blog-35117130.post9003970155447312236..comments2024-03-18T20:18:14.088-04:00Comments on Northern Reflections: About Those Capital Gains TaxesOwen Grayhttp://www.blogger.com/profile/06464860078574618579noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-35117130.post-63220422714597788672012-01-22T16:46:15.080-05:002012-01-22T16:46:15.080-05:00After yesterday's South Carolina primary, Chri...After yesterday's South Carolina primary, Chris, I suspect that Mitt is thinking about other things.<br /><br />Newt Gingrich refuses to go away. Who says it doesn't pay to be a demagogue?Owen Grayhttps://www.blogger.com/profile/06464860078574618579noreply@blogger.comtag:blogger.com,1999:blog-35117130.post-60205296778111055022012-01-22T16:25:49.558-05:002012-01-22T16:25:49.558-05:00Possibly just hearsay, but I've read that Romn...Possibly just hearsay, but I've read that Romney funded the anti-gay marriage proposition in California to the tune of $4million. That wouldn't look so good either - although the Republican base would like it.ChrisJhttps://www.blogger.com/profile/13139508470517226199noreply@blogger.comtag:blogger.com,1999:blog-35117130.post-65759506263517337492012-01-20T11:30:02.012-05:002012-01-20T11:30:02.012-05:00Absolutely true, Mound. And it was done while Reag...Absolutely true, Mound. And it was done while Reagan and his acolytes attacked the very elites they served.Owen Grayhttps://www.blogger.com/profile/06464860078574618579noreply@blogger.comtag:blogger.com,1999:blog-35117130.post-47254306451218805022012-01-20T10:59:19.596-05:002012-01-20T10:59:19.596-05:00The shift of the US tax burden from the rentier cl...The shift of the US tax burden from the rentier class to wage earners was powerfully advanced by Bush/Cheney. Few Americans realized it but they've been living with class warfare since the Reagan years and they've been on the receiving end. The result has been a massive, legislation-powered, transfer of wealth out of the blue and white-collar wage earning classes into the investor class.<br /><br />This also facilitated a transformation of America's economy as the country's manufacturing base (the beating heart of its middle class) was shipped offshore and a FIRE (finance,insurance,real estate) economy grew in its place. <br />Why invest in factories to earn a modest return when you can rake in several times that on the markets.<br /><br />Reagan's legacy is that he betrayed his country, sapped its resilience and, eventually, brought it low. He paved the way for what has today become a true corporatocracy and a permanent warfare state. And we have watched it happen, stage by stage, often without recognizing what we were seeing transpire.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.com