Monday, January 2, 2012

Republican candidates for president all favor policies to increase inequality

  Tomorrow in Iowa the first primary to nominate the Republican presidential candidate takes place. Mitt Romney has been picked out as a candidate who represents the proverbial one per cent. But as the chart at the end of the article here shows all of the candidates support policies that favor the one per cent.
    All the candidates favor increasing tax breaks for the rich and for corporations as well. At the other end of the scale they all favor ending Medicare as it is at present. They also want cuts to Social Security to help lower the deficit.
   These policies will increase economic inequality. Cutbacks will decrease demand and no doubt decrease growth. Lack of growth will mean less revenue and a worse debt situation. Of course on other issues the candidates do differ. Ron Paul for example is a thorn in the side of Republican hawks and the Republican establishment generally. Nevertheless they all  opt for policies that will increase inequality.

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