We Can Fix It: Reclaiming the American Dream
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About this ebook
In the game Monopoly the winner is the one with the most money. The other players are broke, or nearly so. In real life, the share of America’s wealthiest has grown, while 80 percent of its citizens increasingly struggle with economic uncertainty. Among developed nations, American income inequality ranks close to the top. Extreme inequality threatens Americans’ welfare, their environment and even their democracy.
The American dream of opportunities for all has been hijacked by, “large corporations, Wall Street, and very wealthy individuals,” claims Robert Reich. Additionally, such conditions are, “no more in their interest than in the interests of the rest of the population, because under such conditions an economy and a society cannot survive.”
Our country is ailing, but we can fix it. This quick-reading, yet enlightening, book tells how our democracy broke, explains our current peril, and shows how we can restore American democracy to our people.
V. O. Diedlaff
V.O. Diedlaff is a journalist nanny, working tirelessly to educate the children in her care and the public at large about the dangers of fake news and other social ills. Though her efforts seem wasted on the ungracious brats, at least the job covers her student loan debt. Diedlaff is hopeful that her new book will allow her to switch jobs and pay off her loan. Oh, yeah, she also hopes her book will make a difference in Americans’ understanding and repairing its damaged democracy.
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We Can Fix It - V. O. Diedlaff
We Can Fix It!
Reclaiming the American Dream
V. O. Diedlaff
Smashwords Edition
Copyright 2018 V. O. Diedlaff
Diedlaffing Blog
Paperback edition available Summer, 2018
This eBook is licensed for your personal enjoyment only. To share this book with others, please acquire additional individual or bulk licenses, copies, or reprint rights.
Tags:
Ideologies & Doctrines
Democracy, American Dream, American Beliefs, democratic ideology, Capitalism, Socialism
Economics
Economic Policy & Development; Economic Conditions Development & growth Labor & Industrial Relations, labor relations, labor, workforce history, Income Inequality, fairness, equal opportunity, competitive economy, property rights
Constitutional Law
Title of nobility, emoluments clause, corporate personhood, class warfare
Counseling & Psychology
neuropsychology, bias, brainwashing
On the Lifeboat
When a man wants to rob a bank he hides behind a mask, but when a banker wants to rob a man, he hides behind a corporation.
The United States is now in its second year of divisive and dysfunctional political turmoil. Even-tempered social discourse has been largely replaced by a circus—a frightening and dangerous one—but a circus just the same. People are entertained but not informed. They’re fed news that’s both popular and engaging, yet unsubstantial like junk food. Good information is out there, but it doesn’t reach many because the circus distracts them. We cannot ignore the circus—it shows us threats that must be taken seriously. However, the circus keeps us overly-focused on sensational events, rather than on the serious, little noticed, underlying issues that urgently need our attention. Let me illustrate those issues in a parable.
A royal family once set out for an important destination in order to enhance their wealth, fame, and reputations. Before they could reach their destination, their ship sank. While many drowned, the royal family was safely put aboard a lifeboat along with two viziers and a rowing crew.
Spotting land to the north, the coxswain set his crew to rowing against the strong southerly current. The viziers set about ensuring the royal family’s welfare. When they finished, they conferred with the coxwain. After hearing his news, they determined that they’d run short of rations on their final day at sea.
The viziers reported the situation to the king. The king looked at the queen and the royal children and addressed the viziers with a scowl, Do you mean to say that my darlings must be deprived of food for an entire day? Why can’t they row faster?
And, so the viziers returned to the coxswain and told him to get his crew rowing faster. The coxswain tried this for a day before informing the viziers that they’d gained a one meal advantage over royal hunger. The royal family would only miss two meals instead of three. The viziers conferred and told the coxswain to have the rowers work longer shifts.
Two more days passed, then the coxswain reported, My crew is exhausted, but if we can keep up this pace the royal family will now only miss one meal.
The viziers brought this good news to the king, but he became angry rather than glad. I refuse to allow the royal family to miss even a single meal.
The viziers conferred and decided that since the coxswain only set the pace, and did no actual rowing, he wasn’t essential. They threw him from the boat, certain that reduced middle management would solve their problem.
Without a coxswain, the viziers took turns calling out the rowing pace. But as sometimes happens when managers have ample theoretical knowledge but little of the hands-on kind, efficiency decreased and the lifeboat barely made progress against the strong southerly current. When the two viziers realized that the royal family would miss two meals instead of only one, they pitched a rower from the boat. The remaining rowers struggled to do the lost man’s work as well as their own, but because of his absence they now needed to correct course more often. The viziers addressed the problem of broken symmetry by pitching the lost rower’s former partner from the lifeboat as well. The next day the procedure was repeated and another two rowers were put off the boat.
I think you see where this is going. Ultimately, the lifeboat drifted south instead of keeping to its northerly course. Some weeks later, searchers found a lifeboat full of well-fed royal corpses far to the south. The royal family had all died of exposure to the harsh equatorial sun.
In this parable, the royal family is America’s wealthy elite, the viziers are the politicians they’ve bought, and the rowing crew is the American people. The harsh equatorial sun
of the parable is the climate change that will affect us all. Climate change may be the greatest threat to America and all of humanity. However, people underestimate this threat because climate change is considered a long-term threat. There are related and more-immediate threats putting average Americans at economic risk. The cause of all these threats is an unimaginative and undisciplined greed.
Perhaps you don’t believe that climate change is real, perhaps you need more evidence. If that’s the case, I recommend you watch the episode on Venus from the series Cosmos.
I believe you’ll be convinced in less than an hour. If you’re still not convinced, let me ask you a question. According to Nasa.gov, only three percent of articles appearing in peer-reviewed science journals reject the reality of climate change. If you were a gambler, would you stake your children’s welfare on a long-shot bet that climate change might prove false? Regardless of how you answered this question, some of the same forces that slow efforts to limit climate change are also keeping your wages low, putting your home, wealth and health at risk, and endangering our society.
The forces that are crippling our country both cause and result from extreme income inequality. One result of extreme income inequality is the high level of poverty in America. According to Philip Alston, writing on Ohchr.org, for the United Nations in December 2017, more than one in eight Americans lives in poverty. Nearly half of these have incomes of less than half of the amount set as the poverty level.
Extreme income inequality brings both extreme poverty and extreme wealth. It also depresses the buying power and economic security of those with middling incomes. Roughly 90 percent of America’s wealth is currently controlled by its wealthiest 20 percent. This is today’s side of income inequality. Tomorrow’s side will be worse, both because inequality is increasing and because the efforts of some of America’s wealthiest have slowed and continue to slow efforts to address climate change. According to Paul Barrett and Matthew Philips writing on Bloomberg.com, ExxonMobil knew about climate change in 1977, but chose to deny it. More recently, the Trump administration implemented a tariff on solar panels that some experts, including Joshua Rhodes writing on Forbes.com, say will cause 23,000 jobs to be lost in 2018 and will cripple the U.S. solar industry in the longer term. Correctly implemented, a tariff could help the domestic solar industry, but this tariff will hurt it instead. Perhaps that’s its intention. Suspiciously, the tariff expires at the same time as does the solar Investment Tax Credit.
During the Cold War, competition was often cited as the factor that gave Capitalism its edge over Communism. But Capitalism isn’t always competitive, therefore monopolies are restrained or broken in order to restore companies’ ability to compete. Competition also implies risk, something worth taking for possible gain, but worth avoiding when it could bring loss. ExxonMobil chose to avoid risk by concealing climate change rather than by taking risks that would have gained it a competitive advantage as an early investor in renewable energy.
For the already wealthy it makes sense to maintain and grow wealth by minimizing competition and risk. For these people, it makes sense to influence the political process and change laws to gain competitive advantages and reduce risks. Since the early 1980s, some of America’s wealthiest people and corporations have increasingly done so through political action committees (PACs), lobbyists and think tanks.
While income inequality affects personal budgets and well-being, its darker side is the ability it gives the wealthy to shape the American political dialog. Consider the Tax Cuts and Jobs Act of 2017. It’s been promoted as a tax cut for the middle class. But is it really? Although only one in four Americans think the tax act is a good idea, wealthy political donors like Charles Koch hope to convince you that you’ll benefit from the tax act. Writing on Washingtonpost.com in January 2018, Michelle Ye Hee Lee reported that the Koch network plans to spend up to 40 million dollars promoting the tax act’s benefits. Why would a donor network do this? Because its members stand to benefit the most. Those who earn over a million dollars will see tax cuts of 3.3 percent in 2018 while those earning between $50,000 and $75,000 will see cuts of only 1.6 percent, less than half as much. When the tax cuts expire, this same group will pay about $30 more in taxes, while those earning over one million dollars will continue to see reduced taxes, albeit a mere 0.9 percent instead of 2018’s 3.3 percent, according to a post by Danielle Kurtzleben on Npr.org. Elected officials ignored the will of the majority and instead followed the will of wealthy donors. A class warfare tax act is the result.
Blend together a co-opted cohort of politicians, a wealthy elite clinging to an anachronistic and soulless doctrine, extreme income inequality, and deteriorating employment prospects for the majority—and you have a recipe for social disaster. But the coming disaster won’t be merely