Economics is not a morality play.
Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?
If ever there were a place where people not only tend not to face economic facts, but it's almost their purpose not to face economic facts, it's Washington.
Incomes went up for everybody. Manufacturing jobs went up also in the 1990s, if we're actually going to look at the facts.
Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.
The left's inability to understand the most basic economic fact - that people need an incentive to produce - has caused the unnecessary deaths of tens of millions of people - mostly poor - in the last 75 years. But thanks to a politically corrupted media and educational system, their pigheaded pursuit of socialist fantasies goes on.
This is not class warfare. It’s math.
We believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold.
What I would ask the Democrat Party is to put your plan on the table, because most people agree with the facts, and the facts are that Social Security is running out of money.
