Stop Me Before I Vote Again

Recently, Mutual of Senegal asked me -- in a btw-type comment -- to mugshot Craig Paul Roberts, the once-renowned Reagan-era voodoo priest, now rabidly anti-wall Street.

I hesitated, so long as his rants were aimed at the gunplay of corporate empire, American style. But suddenly I find he has obliged me with lovely material -- an aria on the dolorous days our upper middle income class now passes through, meaning folks like these:

"a husband and wife who are associates at major law firms, each of whom works 60 hour weeks and has no job security [earning] $125,000 each."

"The upper middle class with $250,000 gross incomes are major losers of the financial collapse. Many of the people in this income class are leveraged to the hilt in order to maintain appearances and can be swept away as easily as the very poor. But those who were frugal and invested for their future have lost 50 per cent of their savings. These wiped out people are the ones who will bear the brunt of Obama’s tax increase."

"If the tax rate on a multi-million dollar annual income goes up by 5 percentage points, the cutbacks won’t really affect the lifestyle. But for the $250,000 gross income group, it means no prospect of private schools and Ivy League education for the children, who will be attending state colleges with the rest of the non-rich."

"Historically, the definition of a free person is a person who owns his own labor. Serfs were not free, because they owed their feudal lords, the government of that time, a maximum of one-third of their labor. Nineteenth century slaves were not free, because their owners could expropriate 50 per cent of their labor -- Today, no American is a free person. The lowest tax rate, not counting state income, property tax and sales tax, is 15 per cent Social Security tax and 15 per cent federal income tax.

The “free American” starts off with a 30 per cent tax rate, the position of a medieval serf."

I've never cottoned to Alex's bloc of rights, frights, lites, mites, and botchky-ites over there at Counterpunch, and I've often had Mr PCR here uppermost in my mind. A broad "frente" with this jamoke is foolhardy opportunism. Ralph Nader represents the better angle of that much put-upon much asked-of class, our ultra-meritoid hautes-professionalistes.

You ask me, taxing the $250k class sounds perfect. They love their job site hairshirt, so why not a second taxman hair shirt -- layering is often fashionable.

Boo-hooing for our honest meritoidal lunatics is a silly waste of personal salt water.

A troubling aspect of the health care debacle, other than the debacle itself, is the valid concern that single payer health care would crowd out free market illnesses. So I was deeply impressed when the congressional champions of leaving euthanasia to the entrepreneurial class announced that they would forego their government health plans. Viral and bacterial infections, which struggle against public sanitation measures already, will at long last have a chance to see what individual initiative can do for them.

There is, actually, a libertarian solution to the health care crisis. I'm not sure how well it would work in practice, it's very much a Blue Sky kind of thing, but it does have solid provenance in libertarian thinking. The cornerstone is the universal Citizen's Basic Income, supplied by land use and resource extraction rents. In theory, most of the recipients would set up buyer's cooperatives -- on a completely voluntary basis, needless to say. The bigger the coop, the better the bargaining power. Some of the coops might wish to contract with existing medical service providers, or cut deals with aspiring practitioners and finance their own in-house medical service organizations. All very market-friendly, non-coercive and tuned to the reduction of both government power and the government-enabled parasitism of private power. Amongst other benefits, it takes care of the free rider problem in resource extraction and puts a steeply increasing price on extractive activities with environmental hazards.

It would be a hard sell, alas, to the rugged individualists whose free market solution to the problem of existence consists of engineering cozy little arrangements with the political class. I can't see anything like the CBI coming into broad practice short of a revolution.