Those of us on the left often get accused of being “tax and spend” types who just “throw money at the problem,” but the more I dig into the policy of the last 30-40 years, the more something starts to appear to me.
We are throwing money at the problem. Only problem is, it’s the money we can least afford to throw. It’s your money being thrown at the problems of sluggish economic growth, colossal debt, and that pesky problem of low unemployment and low inflation running hand in hand.
Our money gets thrown at the problem by way of massive tax cuts and loopholes for the oligarchy, in the hopes that giving yet more money to the unfathomably rich will somehow make it trickle down when that hasn’t worked for decades.
Our money gets thrown at the problem by way of telling us to take out more and more debt: for a home, for school, for a car, maybe even just to survive with predatory payday loans, and for what? So the same massive companies up top can keep afloat on our borrowed money and their borrowed time.
Our money gets thrown at the problem by repeatedly cutting programs that benefit the vast majority of Americans, like healthcare, national parks, and public schools, television, radio. For some reason it’s considered okay to keep cutting those programs, but never okay to ask a billionaire to chip in an extra three percent.
So I’ll give some when people complain about “throwing money at the problem,” as long as the other side is willing to give that just as much, if not more, money is being thrown out of the common coffers and into the pockets of the obscenely rich, who proceed to do nothing other than hoard, manipulate, and further increase their own wealth. We were told 30 years ago that investing in the wealthy would pay dividends, and we’re poorer than ever. When can we ask for our money back?