One of my bigger nitpicks about Donald Douglas is that so many of his posts reference other people’s writing without giving us enough of what he has to say; that’s not the case with his latest:
Well, I’m sure most readers have read my initial piece on the Piketty book by now, “The Misguided Resurgence of Marxist Collectivism.”
It turns out I was on to more than I realized at the time.
Every now and then you have a book that catches the moment’s zeitgeist, and Capital in the Twenty-First Century sure has the makings of another earth-shaker. (I’m finding myself reminded of the urgent reception of Paul Kennedy’s The Rise and Fall of the Great Powers back in 1987, a time when the country’s was awash in massive Reagan-era deficits and frightened to death of the prospect of Japan as No. 1.) At the very least members of the Washington establishment will be gleefully brandishing this tome while demanding an increase in top tax rates reminiscent of the “glory” days of the Roosevelt administration.
And right on cue, the big bloviating, hypocritical luxury leftists are pumping this book like there’s no tomorrow. I watched this full 20-minute Bill Moyers interview with far-left economist Paul Krugman earlier today. It’s a classic “highbrow” PBS joint. Behold these two left-wing know-it-alls pontificating on how horrible is the U.S. economy in this new “Gilded Age” of allegedly extreme economic inequality. And not long into the discussion we get to the root of the left’s disgusting and divisive racism and class warfare. At around 14:30 minutes Moyers bemoans society’s alleged “ugliness,” an obviously coded attack on those conservatives in particular who’ve worked to prevent a return to the confiscatory tax rates of last century. And not to disappoint, Krugman intercepts the dog whistle and launches into a typical attack on certain groups in society (ahem, tea party types, cough, hack) who are animated by those ever-present “underlying racist” motivations that are the standard fall-back trope of the congenitally stupid MSNBC crowd.
More at Dr Douglas’ original.
As American Power noted, Mr Moyers has received at least $20 million in taxpayer dollars, but declines to disclose his income, while Dr Krugman, who is oh-so-concerned about income inequality, is going to be paid $225,000 by the City University of New York for doing very little work. That perhaps these two wealthy men really don’t understand that not everybody can be paid as much as they are is the most charitable view that one could put on it, though your Editor believes it far more likely that these two very-well-connected men know exactly how things work, and are simply tremendous hypocrites.
Dr Douglas also noted CBS This Morning’s fawning interview of Senator Elizabeth Warren (D-MA), that strong advocate of higher taxes on the wealthy, who, after criticizing then-Senator Scott Brown for voting against the “millionaire’s tax” proposal, admitted that she chose not to use the voluntarily pay higher rates option on her state income taxes. And our esteemed President, who has been able to send his daughters to private schools, has steadfastly opposed education voucher programs which would allow the children from poorer families to use private schools. In the meantime, studies have revealed that very blue New York has the most segregated public school systems in the country. Why, it’s almost as though the Democrats really don’t mean a single word of what they say.