Billionaires Economy Equity Justice Poverty Privatization

Saving the Commons: This I Believe

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Privatization of important parts of the public sector is a great scourge of our times. No institution is more fundamental to the American Dream than public education, and it is under assault by powerful and well funded forces. By billionaires who have dreams of lower taxes and libertarians who want to destroy whatever government provides. We must fight privatization of the goods and services that belong to us.

Frankly we should join together to fight for a society where there are no billionaires and no poverty. Let us agree to take care of one another and have a fairer society, where everyone has a decent standard of living, where there is no hunger or homelessness. I recommend a book called The Spirit Level: Why Greater Equality Makes Societies Stronger, in which two British sociologists-Richard Wilkinson and Kate Pickett-demonstrate that societies with more equality are happier than those where great inequality persists. By contrast, scan Bloomberg Billionaires Index. I am not a socialist, but I don’t believe we should have either billionaires or poverty.

The pandemic impoverished millions of people. But the billionaire class got richer, much much richer. Senator Bernie Sanders said recently that the fifty richest people in this country have wealth equal to the bottom 50 percent of the population. That is gross, disgusting, obscene inequality.

Our nation and its democratic ideals are being undermined by extremes of wealth and income. The middle class is struggling not to slip into poverty.

From Forbes in 2018:

In the 1950s, a typical CEO made 20 times the salary of his or her average worker. Last year, CEO pay at an S&P 500 Index firm soared to an average of 361 times more than the average rank-and-file worker, or pay of $13,940,000 a year, according to an AFL-CIO’s Executive Paywatch news release today.

This is not the America I grew up in, and it’s not what America should be.

I have found these old English rhymes to be inspiring.

The law locks up the man or woman
Who steals the goose off the common
But leaves the greater villain loose
Who steals the common from the goose.

The law demands that we atone
When we take things we do not own
But leaves the lords and ladies fine
Who takes things that are yours and mine.

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