There’s something about Berkeley. I think its location in the East Bay places it too close to pollution sources such as Code Pink and Jerry Brown.
Robert Reich, the Clinton Administration Labor Secretary, has been in the area too long. I know of others in the area that have suffered no ill effects, so I think Mr. Reich’s unique position at the level of my sternum has caused him to inhale something that is affecting his brain, if his Op-Ed in the NYT is any example.
Totally Spent – New York Times
The underlying problem has been building for decades. America’s median hourly wage is barely higher than it was 35 years ago, adjusted for inflation. The income of a man in his 30s is now 12 percent below that of a man his age three decades ago. Most of what’s been earned in America since then has gone to the richest 5 percent.
Yet the rich devote a smaller percentage of their earnings to buying things than the rest of us because, after all, they’re rich. They already have most of what they want. Instead of buying, and thus stimulating the American economy, the rich are more likely to invest their earnings wherever around the world they can get the highest return.
Read the whole thing. You will find that the economic problems we are having are absolutely unique in history and can only be addressed by forcing “the rich” to move from investing their wealth in businesses where people work, to having their money redistributed to McDonald’s drive through clerks.
What a concept! So much for property rights and due process. Mr. Reich wants to send some goons to your house to hold a gun to your head and take your investments, bank accounts, savings and probably, any jewelry you might have lying around.
This wealth is going to be redistributed to the poor woman who dropped out of school to have 4 kids before she was 24 and has trouble scraping the money together to feed them. She has cigarettes, beer and meth to buy. She needs help, and some jewelry would be nice too.
So Mr. Reich, together with his buddies, who have all had their property seized as well (snicker..as if?), are all going to meet in some normal, all American setting, like Hilton Head Island, Aspen or Martha’s Vineyard, and decide how to correct the income disparities caused by allowing people to make their own way.
This will be a great blow for equality and will also have the effect of forcing foreigners that have invested in American businesses, bonds and government instruments, to dump them as fast as is humanly possible. This will not have any affect on the American economy because…hey…why would anyone invest in the American economy if they’re only going to have their earning seized and doled out to the same people that called in sick twice last week? The only economy left would be the ones run by Organized Crime, because they’re not stupid enough to buy into this “income equality” crap.
Meanwhile Mr. Reich could use his influence to get a job as a McDonald’s drive through clerk, or a CEO. After all, the pay’s the same.