Marquel, TPVs NYTimes Trickle Trickle Boil and Bubble Section correspondent, was talking to his pocket tailor , when he read that States Consider Increasing Taxes for the Poor and Cutting Them for the Affluent.
States Consider Increasing Taxes for the Poor and Cutting Them for the Affluent. Marquel marvelled at the economic genius of the Republicans. Has anyone thought of it before? Perhaps the Romans, but they called a spade a spade. Or, rather, a slave a slave. But the result was the same. Tax the poor. For two thousand years, the secret of a well financed state remained fallow. Even our Nobel honorees are unaware of the secret. I called Nobel laureate Joseph Stiglitz and asked him why he had not suggested taxing the poor as a way out of our economic straits. I never got an answer. Either the phone connection failed or he hung up on me. I think it was the phone.
The obvious weak link is that the poor have no money to pay but when I called the Republican National Committee, they set me straight.
“We’re not talking about the destitute. We’re talking about the poor. I have nothing but sympathy for them but like all of us they should pay their way. Help shoulder the burden.” I was told.
“But the poor! Nobody has ever suggested raising their taxes!” I protested.
“It’s a well known economic fact that the poor can pay more and when they do, they feel very little pain. Compare that to the super wealthy. You take away their jets and yachts, you’ll see severely depressed and angry people. You take the poor, instead of two to a bedroom, four. Will they notice the difference? Not at all. This is called by economists marginal welfare. The poor have that margin, the rich have none.” He said.
“You’ve got it exactly! Marginal welfare. Keynes and his ilk had it diametrically wrong. To them a rich person doesn’t feel the loss of a hundred dollars but a poor person would. Totally wrong. The rich feel the loss. To the poor it’s just more of the same.” He said.
“I don’t think he was ever poor. The Republicans understand the poor. We recognize their pockets Not deep but painless. Think about a really deep pocket. A rich person. He doesn’t like your hands way down there in his pants. A poor person with shallow pockets. He doesn’t even notice what you’re doing!” He said.
“Simple. Assets. If a poor person has a cell phone, they’re not destitute. If they have a car, even a 47 Chevy, they’re not destitute. If they have a Metrocard, a book or magazine, a can of Coke, a bag of Fritos, even a pair of pants, they can pay more in taxes. Certainly if they have a job they’re not destitute. But basically its assets. You have something, anything, you’re not destitute and you could pay a bit more in taxes. Leave the rich alone. They have a really, really tough time staying rich. Leave them alone. They’re struggling. Sometimes I can’t believe the Democrats. So fucking cruel.” He said.
“Of course not. If you have assets and you don’t pay taxes, that’s pretty terrible. You don’t see the rich making that argument. Only the poor and Democrats. Sure they can and should sell their assets.” He said.
“Aha!” He said, reversing my point, “let them do what the rich would do. Borrow. They can go to a bank like anybody else and borrow the money.” He said.
“Well we used to have an unlimited number of banks doing that but thanks to the democrats, many have closed down or been bailed out under appalling terms. We’ll bring that back with generous subsidies for banks that service the poor.” He insisted.
“A think tank headed by Jeb Bush. They did an historical analysis, especially of the theories during the Reagan years and realized with a little tweaking, we could repair all our economic woes. Along with marginal welfare, we’ll be emphasizing trickle up economics. It’s Jeb’s own personal theory. A falling tide leaves all boats, big and small, high and dry. High, get it? Everybody wins.” He said.