Sunday, August 25, 2013

We would be better off if we acted like a society instead of propping up the wealthy few.

A society -- any society --- is defined as a set of mutual benefits and duties embodied most visibly in public institutions: public schools, public libraries, public transportation, public hospitals, public parks, public museums, public recreation, public universities,


Since the late 1970s, almost all the gains from growth have gone to the top. But as the upper-middle class and the rich began shifting to private institutions, they withdrew political support for public ones.
In consequence, their marginal tax rates dropped -- setting off a vicious cycle of diminishing revenues and deteriorating quality, spurring more flight from public institutions.


http://www.alternet.org/economy/public-goods-and-privatization

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