TallDave wrote:Yes, the top decile of income earners earn a greater proportion of income that they used to,...
Yes and over time those who have the greater income become wealthier. The wealth has been accumulating, in some cases, for generations. The question is what do the wealthy do with their wealth. See below.
Edit: Here are some wealth numbers: "The report "Building a Better America -- One Wealth Quintile At A Time" by Dan Ariely of Duke University and Michael I. Norton of Harvard Business School (hat tip to Paul Kedrosky), shows that across ideological, economic and gender groups, Americans thought the richest 20 percent of our society controlled about 59 percent of the wealth, while the real number is closer to 84 percent." Found at:
http://www.huffingtonpost.com/2010/09/2 ... 36132.html
End edit.
TallDave wrote:I don't see any problem with that as long as they're subject to the same laws as everyone else and everyone gets the same one vote in elections. I'm in that top decile myself, off and on, and I can tell you we're not any kind of master class.
That's what I'd expect a member of the ruling class to say. Joke!
Seriously, of course the wealthy don't see a problem, the current situation is suitable. Should a rich man choose to use his money to help fund a campaign, can he get the ear of a candidate or successfully-elected Congresscritter? Can this same man provide money to a lobbying group to do the same? I can provide little money to my Congressman (I'm in South Carolina - I'd rather fund an outbreak of Salmonella). The pittance I could send to a lobbying group or firm would be ineffective. I do not despair, though. I'm a citizen, I have other recourse.
TallDave wrote:This income disparity is also partly a function of the fact that there is a bare subsistence minimum of income which some people are happy to live at, ...mass markets.
I am not saying we are not all better off than before, I am writing about relative differences.
TallDave wrote:Keep in mind too, that top 1% now pay more taxes than the bottom 50% -- a pretty good deal for the latter.
Is it axiomatic capital tends to concentrate? This is not a good situation either. Do we want the concentration of income/wealth trend to continue? Do we want a pyramidal society; a few wealthy, small middle class and large lower class? Is it good for the Republic? The answer provided by the philosphers is no, republics do not do well with pyramidal societies. They become something else.
TallDave wrote:Anyways... the result of all of the above is that citizens of liberal democracies are not eager to support wars of expansion. Our lives are just too wonderful.
Yes, our bread and circuses are the best there have ever been!
TallDave wrote:We only got involved in Mideast nation-building because the consequences of not doing so were beginning to affect us here, and that's proved to be fairly unpopular even despite costs in lives and GDP that are miminal by historical standards.
In these cases, it might have been better for the
liberal democracies involved to recognize the futility of invading Afghanistan (read ancient and modern history - those folks just don't give up against foreign invaders).
Iraq? I'm waiting to read Secretary Rumsfelds autobiography. Although I'm certain it will be self-serving, a big part of my interest is the decision to invade Iraq. I read a rumor that went something like this: Afghanistan had been invaded and then the administration wanted to do something
big. Chasing Al-Qaeda and Taliban around the mountains wasn't satisfying enough. Who was next on the Bush administration's fecal roster? Saddam Hussein's Iraq.
rjaypeters wrote:We can't tell any more because the US Supreme Court has removed the requirement to reveal campaign contributions!
TallDave wrote:That's a common misconception. Citizens United only says corporations can make donations. Disclosure requirements have not changed.
Yes, a key provision of campaign finance reform was removed on First Amendment grounds. Now corporations will have no limit on how much they can spend.
rjaypeters wrote:...where Saddam Hussein was cornered and could only torment the people of Iraq.
TallDave wrote:Well, they and our troops who were trying to enforce the no-fly zones. ... and sanctions could not be enforced much longer and were hugely corrupted anyway,
Yes, I was wrong about that, too*. Before the first Persian Gulf war, he was tormenting Iran and Kuwait and threatening Saudi Arabia. After PG I, Saddam Hussein hadn't fundamentally changed, but his ambitions were narrower.
I'd like Fukuyama to be at least partially right, I'd prefer republics over liberal democracies, but that's probably a nit. One of the problems with republics and democracies is their instability. As the oldest extant republic/democracy the US is showing its age. In describing the US trends above, I am attempting to show it may soon be neither republic nor democracy except in name. Then where will Fukuyama's end of history be?
*I almost feel like changing my signature line to: "to err is human...", but it's in use here.
"Aqaba! By Land!" T. E. Lawrence
R. Peters