Another insightful column from Catherine Rampell. The two
key takeaways:
“Americans may increasingly appreciate the shared benefits of a robust welfare state — but
they don’t see funding those programs as a shared responsibility.”
“High-income individuals and big companies have also done
very well in recent decades relative to the rest of the country — yet have
enjoyed extremely generous tax breaks. They should
pay more. But even if these taxpayers pony up, there aren’t enough ultrarich
people and megacorporations out there to fund the massive new economic
investments and social services Democrats say they want, and claim they plan to
actually pay for.”
It’s true that there are many nice, important things in
Biden’s “American Jobs Plan”. As a whole, however, it reminds me of a song by
the unjustly-obscure 1980s Scottish new wave band Aztec Camera – “All I Need Is Everything.”
It also brought to mind that famous line by Wimpy in the old Popeye comic strips: “I'll gladly pay you Tuesday for a hamburger today.”
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