With Steve Bannon on way out, official Washington is jumping for joy that Gary Cohn—the former president of Goldman Sachs who’s now running Trump’s National Economic Council, along with Dina Powell, another influential Goldman Sachs alumnus—seems to be taking over Trump’s brain.
Despite his complete, utter, unimaginative loyalty to the D-Party, I harbor a modicum of respect for Robert Reich. In fact, I recommend his book, SuperCapitalism, all the time.
Nonetheless, when he lays out policy proscriptions like those above, including Medicare-for-All, I can't help but remind him that the D-Party is a long way from embracing "ponies" like that.
In fact, their sudden embrace of Bernie Sanders notwithstanding, the D-Party castigated those who supported "free stuff" as socialists, sexist Bernie Bros, and Hilary spoilers. And the D-party pattern of making nice with liberals with one hand and punching them with the other is longstanding.
So I'll just give Reich credit for throwing out some concrete proposals rather than platitudinous weasel-words like most Democrats...while taking for granted that the party he supports will disavow them when push comes to shove.
The Democratic party has to decide if the are in favor of Wall Street like Hillary Clinton or opposed to it like Bernie Sanders. What ever you decide there is too much corporate money in elections. I suggest a simple solution. Remove the tax deduction for political and charitable contributions. Most of Bernie's money came from small contributions. His supporters wouldn't be hurt if they lost the deduction. Politicians would stop feeling like they have to court wealthy people and corporations.
I 'like' with a smile of irony.
Political donations are already not-tax deductible. So the principle argument on that point is whether deductible donations to 503(c) think tanks are really non-political. And part of the controversy there is the levelness of the playing field. The left opposes any favorable tax treatment for right-of-them causes, and approve of all tax benefits that they-selves receive. And several left-wing groups get a lot of under-the-table money from the government. And fight to protect what they get.
As for politicians soliciting money from 'the rich', that is just Willie Sutton thinking. You go get money where the money is. It reflects the amount of income and accumulated wealth inequality in the country. A word to the rich, warning them of Piketty: The more you have (or appear to have), the more people like Bernie Sanders and M. Piketty want to take it from you.
Big business could care less about the deductions. They are buying a product called influence.
You forgot the financial transaction tax on high frequency trading; shame on you!