It’s a great day in the morning when you get billionaires crying the blues in the Wall Street Journal op-ed section.
It’s an even greater one when that particular billionaire is Charles Koch, who has elected this year to play the role of the obscenely rich autocrat who is just fed up with all this cauterwauling from the masses about how much money he makes and how little taxes he really pays. He is just TIRED of people worrying about what government programs his corporations gladly participate in, because when you live in KochWorld, the government is only supposed to provide services and funding and tax breaks to those who hold the reins of commerce – all the rest of you lazy, good for nothing, molly coddled proletariat who just want police and schools and roads TO GET TO WORK ON to make KochWorlder types even more billions be damned.
"The interest of the second order, that of those who live by wages, is as strictly connected with the interest of the society as that of the first. The wages of the labourer, it has already been shewn, are never so high as when the demand for labour is continually rising, or when the quantity employed is every year increasing considerably. When this real wealth of the society becomes stationary, his wages are soon reduced to what is barely enough to enable him to bring up a family, or to continue the race of labourers. When the society declines, they fall even below this."
An inquiry into the nature and causes of the Wealth of Nations, Volume 1 By Adam Smith
It’s as simple as this for KochWorld inhabitants – all regular, non-millionaire and non-billionaire rank and file employees, or "second worlders", as Adam Smith puts it, whether you make $20,000 a year or $200,000, DO NOT DESERVE WHAT YOU MAKE.
You are overpaid, in the eyes of KochWorlders, if they are handing out anything more than it takes to sustain life. A dollar a day and a bowl of rice, in their calculations, would still leave you ahead of your Chinese counterparts in total compensation, and finally level the playing field enough, once those pesky TAXES and GOVERNMENT REGULATIONS have been removed, for them to make REAL MONEY.
It’s a fantasy most KochWorlders go to sleep by.
But that’s all it will ever be (have my TV economists all gone to sleep on the job? Or are they trying to figure out the exchange rate of a bowl of rice?), just a fantasy.
Because rich people can’t buy enough of anything to keep our economy running.
Because cutting corporate taxes doesn’t have anything to do with job creation. The trillions sitting on corporate balance sheets right now aren’t funding any new hiring initiatives, because there aren’t enough people with any money left to stimulate any kind of sustainable demand for any more goods or services than we consume right now. Cutting taxes saves a corporation money. Cutting taxes does not grow top line revenue, one of those bothersome but necessary results that happen when demand for a company's good or service actually increases. Cutting consumer wages in an economy driven by consumer spending seems to be the quickest way the United States can emulate the Roman empire's death spiral.
Putting even more money into the hands of people who won’t spend it (have you ever seen a billionaire back up a tractor trailer at a one day sale?) on anything but a raft of tax consultants to help them figure out how to avoid paying any taxes on it would stall an already unbalanced fiscal equation even further.
You are probably reading this at work. You need to quit reading and work harder, so the people on Wall Street who pushed the buttons that blew up the economy in the first place can be assured that you produce enough surplus value for your company and your 401(k) so they can roll the dice again.
Why has the nation’s toilet paper king has taken to writing op-eds? Because YOU PEOPLE JUST DON'T GET IT. His billions aren’t coming in fast enough. It’s high time someone had some sympathy for the rich and THEIR PROBLEMS, instead of worrying about paying EMT technicians and schoolteachers and firefighters – you know, those lowly Americans who buy practically every product KochWorld sells.