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The Shape of American “Socialism”

Just to be clear, I’m not posting this because I support any of the current economic policies that are active in Washington. I do not. However, it does serve as a helpful correcting to the hand-wringing and wailing that comes from the far right these days about how America is becoming the next USSR.

H/T: Andrew Sullivan

4 Comments

  1. I remember in my naiveté as a High Schooler thinking that there was this enormous difference in the Republican and Democratic parties. Now I’m inclined I am to believe that it’s merely a ruse created by the ruling oligarchy to perpetuate their hegemony. The difference (on economic issues at least) is mere percentage points.

    I sure hope my staunch Republican parents don’t read this…

    Thursday, June 4, 2009 at 6:40 pm | Permalink
  2. JBH wrote:

    Halden, you make a good point about the hyperbole of far right rhetoric, but we also must remember that cultural and economic change rarely happens in an instant. Like all things, change is slow.

    Let’s also remember that the marginal income tax (during peace) was 2% on those making over $4000. That is, less than 10% of American families paid income tax (thanks wiki). Currently, 10% is the lowest and 35% is the highest tax bracket. That is a fairly serious hike.

    While you are certainly right to point to production in order to determine the nature of the economic regime, income tax is still important. China, a pseudo-communist country, has an income tax from 5%-45%. It is a fundamentally different country that goes from 0% income tax to 15% to 35%.

    Thursday, June 4, 2009 at 10:41 pm | Permalink
  3. JBH wrote:

    I don’t know why it posted twice.

    Friday, June 5, 2009 at 11:35 am | Permalink
  4. Halden wrote:

    Fixed. That was weird. A spammer actually cut and pasted your comment, posted it again with linked name. Bastards.

    Friday, June 5, 2009 at 11:39 am | Permalink

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