My Plan for Infrastructure Spending
Politicians have returned to talking infrastructure spending to boast the economy and create jobs. The press actually suggests it could be something bipartisan. Trouble is titanic budget deficits make new infrastructure hard to pay for especially when Congress keeps cutting taxes for the rich who do not agree they should have to pay taxes.
Two years ago Trump discussed ways to make it profitable for his friends in business to take over infrastructure expansion, but they couldn’t figure out how to make it profitable for business to bother without turning over parks, waterways, airports and highways to corporate America and letting them charge monopoly prices.
I have a good plan though because I notice the credits at the beginning and end of PBS television news and views has a longer and longer list of foundations and trusts that give away money. The rich hope to get us to feel good about them so they can feel good about themselves.
The growth of foundation portfolios goes with tax cuts for the rich and corporate America, and with income inequality. It should also help Americans realize the United States has an idle rich so bloated with income and assets they can’t possibly spend on themselves they put it in tax free foundations. That way they can direct national resources by personal preference without need to respond to representative government, or those pesky voters.
For the last three decades, at least, America’s productivity gains have been converted to profits not wages. These profits to the rich and foundation assets amount to lost wages for the working class. But the rich can show their public spirit by contributing 25 percent of their required annual foundation giveaways to pay for infrastructure spending. Here is a plan that requires nothing from Trump or a do-nothing Congress.
It’s a perfect, fast action plan, but I’m not holding my breath! Chairitee! Chairitee!
Friday, November 9, 2018
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