Showing posts with label Democratic Party. Show all posts
Showing posts with label Democratic Party. Show all posts

Friday, June 16, 2017

Democrats need to embrace good regulations and progressive taxations to lure the Republican vote.

by Glen Wallace

We need a strong central government imposing regulations to protect the common man from the tyranny of the wealthy.  While, as a leftie progressive, I'm willing to admit that some regulations are onerous and unnecessary, I never seem to hear from a right wingnut regressive admitting that some regulations are helpful and needed to protect the worker, the consumer and the environment from harm or exploitation at the hands of a ruthless businessman.  It seems like the free market set want to create a social political environment where we return to the days of company towns where the residents are considered to have freedom because they aren't physically restrained from leaving -- never mind that the company town is in the middle of nowhere and none of the residents own a car or have a dime to their name that could be used to move out.

Let's remove the income tax and put in its place a federal property tax on the wealthy that covers not just real estate but any and all assets held by the top one tenth of one percent.

Good regulations are proactive whereas, any competitive marketplace without any regulation, is, at best, reactive in dealing with problems.  I say 'at best' because some business can go on harming customers, the environment or workers for years or decades before, or if ever, they get punished in the marketplace for their actions.

The Democratic Party could gain their biggest strength by undermining or outright removing the biggest rallying points for the political right wing.  Democrats could start by eliminating income tax for most, if not all, the 99 percent.  The loss of revenue could be compensated for by increasing the income tax on the top one tenth of the top one percent.  Additionally, there are a great number of other sources of potential revenue the could, and should be tapped -- high frequency trading machine tax, VAT tax, where resource extraction on Federal lands is a given, the transaction should be designed with a fiduciary responsibility towards the owners of that land -- the citizens of the U.S.

Additionally, the power over the ability to create money needs to be returned entirely to the people and taken away from the private Federal Reserve Banking system.  I'm not saying "end the Fed".  If they want to continue as a industry association where banks can voluntarily join, that's fine.  But monetary policy should be set by the US Treasury.  While supporters and representatives may claim that the Fed is audited and nothing untoward has been found, I would counter that there still could be something untoward going on with the Fed and its relationship to the American people it is supposed to be looking out for.  While the Fed may have only one set of accounting books, it may have two sets of strategy books.  That is, it may have a public strategy that complies with the Congressional mandate it is supposed to follow, it may have a private strategy that it instead follows that is directed at aiding the Fed's shareholders at the expense of the American people.  For, instance, had Fed insiders known early in the 2000's where the housing crisis was heading they could have made some strategic shorts, thus benefiting from the Fed's strategy to blow up the housing bubble.  Then when the bubble burst, Fed insiders could have had inside knowledge of the QE program and how it would be used to boost commodities and the stock market for which the insiders could take a long position ahead of the rise.    

But regardless, Democrats need to look at what is motivating the populist base of the Republican party that leads them to vote the way they have.  And then have an answer that might just persuade them to switch sides.  Remember, most of those Republican voters are not rich.  Hired disinfo agents may try to fire up that middle to lower class Republican base by complaining about wealth redistribution.  But I find it hard to believe that base will get worked up into much of a lather when hearing about how some sherry swilling, tailored suit wearing, manicured men with soft hands that never have seen a callous in its life, with a sixty thousand dollar Patek Philippe watches sitting just above those soft hands, has to fork over more in taxes -- especially when that would mean those working class Republicans get to avoid paying income tax altogether.

Additionally, where regulations are concerned, show how good regulations protect the consumer, the environment and the worker from unscrupulous business owners and how a strong government acts as a measure against such businesses.  Without a strong government there is a power mismatch between the little guy and the tycoon.  But where there is unnecessary, onerous regulations, Democrats should be seen working hard to end such bad regulations while continuing to strengthen, tweak, enhance good existing regulations while enacting new good helpful regulations.

Saturday, December 3, 2016

Let's Take Back the Democratic Party

by Glen Wallace

The recent election of Trump should be a clarion call and rallying cry not just to revive the Democratic Party but to bring it back to its original progressive values.  Too many progressive commentators act as apologists for the non progressive actions of Democratic Party members in and out of office.  A prime example is the time period soon after Obama took office when the Democrats had the brass ring of the Presidency and both houses of Congress but dropped the progressive ball of opportunity.  Instead of using that opportunity to enact a single payer program like Medicare for everyone, they enact a healthcare program, Obamacare, that, Thom Hartmann rightly pointed out, is nearly identical to the program proposed by President Nixon and enacted by then Governor Romney.  Let's call it like it is -- Obamacare is a Republican Party designed gift to health insurance companies and Big Pharma.  And don't try to tell me that during that 'brass ring' period any serious effort was made to institute a single payer program.  I remember that period when the Democrats could have 'run the tables' and I don't recall any speeches before congress or interviews on the Networks where members of congress and the President championed a single payer program.  That's because no effort was made -- no effort was made because the Democratic Party has been taken over by neoliberals  that value regressive laissez faire economic values over the progressive socialist values that the Democratic Party is supposed to be founded on.

Before the 2018 elections, coming up in two short years, we progressives need to make some decisions.  First, we need to boldly attempt to gain Democratic nominations for both local and national offices.  Second, we need to run for those nominations under a boldly socialist progressive platform that meets and even surpasses the progressive platform that nearly got Sanders the Democratic nominations for President.  Third, we need to decide, if, like in the 2016 Presidential Democratic nomination race, the neoliberal candidate still wins the nominations, will it be warranted for the progressive socialist candidate to turn around and run as a third party candidate.  The 2018 race will be coming before we know it and we shouldn't be delaying in at least thinking over what race will we be running for, what our platform will be and what to do if we don't get the nomination.

I'm already thinking about running for U.S. Congress in the District where I live and plan to be living in 2018.  I voted for the Democrat, Angie Craig, in the 2016 election, even though I consider her a neoliberal.  I think she has too close ties to the medical device industry being a former executive for a medical device manufacturer.  I'm not sure I'd have much better luck pitching my idea to her than the winner of the 2016 election, right wing regressive former talk radio host Jason Lewis, of the Government taking over the manufacture and distribution of drugs and medical devices in cases of price gouging such is the case with the Epipen.  Actually, I think the Government should take over the research, manufacture and distribution of medical devices and pharmaceuticals in any case where a need exists and the market is not meeting the need.  Such a plan is very socialist, some would say communist, but I say so be it, and I think the electorate would support the idea -- health is very important to the people.  Health is a value that transcends party politics and the electorate knows political labels are useless when facing a health crisis.  Even so, I don't see much hope for the government owning the means of production for medicine and medical devices so long as either Republicans or neoliberal Democrats are in charge of this country.