Thursday, 16 February 2012

Elizabeth Warren Is Correct On Class Warfare

Former White House advisor Elizabeth Warren hit the nail on the head regarding the capitalist class who feel they are making their money and they ought to be allowed to keep it ... the ones who constantly want taxes and regulation to reduce, and who threaten to leave if we don't play ball because they are the 'wealth-creators'

Here she is speaking in September 2011:

“I hear all this, you know, ‘Well, this is class warfare, this is whatever.' No. There is nobody in this country who got rich on his own — nobody.
“You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.
“Now look, you built a factory and it turned into something terrific, or a great idea. God bless — keep a big hunk of it. But part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along.”

Three cheers for Ms Warren.
We cannot have a society where WE pay for everything (including the goods they produce) and they take all the profit.
It is time for a bit more 'give and take'.

And that means a bit more giving by the richest 1%, and a bit more taking by the rest of us!

1 comment:

  1. The growing awareness about the extreme income inequality and the very wealthy's grip on our political system indicate that some form of class war is all but inevitable. I am developing a set of ground rules for a possible class war that would guide it in a peaceful and productive direction. The Rules for the Class War begin at this post: I am open to hearing everyone's comments and suggestions.