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Political Strategy for a Permanent Democratic Majority

Marshall: Bashing billionaires won’t help win the working class

From “Bashing billionaires isn’t helping progressives win the working class” by Will Marshall, founder and president of Progressive Policy Institute, at The Hill:

The Working Class Project, which has extensively surveyed non-college workers’ attitudes, is skeptical that the left’s pitchfork populism will make it more receptive to Democrats. “They do believe that our political system is broken — and that it has been influenced by the rich and powerful to make things easier on those at the top while failing to deliver for those at the bottom.”

they really want us to crack down on corruption and those who abuse the system to benefit themselves.”

As a white man from Texas put it in one of the project’s focus groups, “Politicians use billionaires as scapegoats for their own failures of not fixing the tax code, not fixing issues with this country.”

Nonetheless, progressives insist that Democrats can only reach non-college voters by amping up the volume on class warfare.

2 comments on “Marshall: Bashing billionaires won’t help win the working class

  1. Victor on

    Yes, the focus on billionaires is insufficient, but not for this article’s rationale.

    The Progressive Policy Institute isn’t progressive at all.

    It advocates for 1990s Clintonian politics of free trade and platitudes about “economic growth and lift worker productivity”.

    The fact is the US can’t win a race to the bottom with China.

    China has more workers and therefore more manufacturing capability.

    China has decided to actually embrace the energy transformation, while the West is stuck with gasoline cars, etc. China has quickly overtaken Europe on solar panels and wind turbines.

    China can completely disregard privacy to build its artificial intelligence models and impose them on its corporations and citizens.

    The only thing the West can do at this point is unite to protect its current market shares and models/values of corporate action (that is respecting citizens, consumers, workers and the environment).

    For 3 decades we have followed the advise of neoliberal think tanks and while GDP has indeed increased nominally, the fundamentals of the US economy are wrong.

    No actual ability to withstand global energy developments, decreased manufacturing (including less ability to source war materials), stagnant workers rights, receding environmental protections and free reign for corporations to trample on consumer rights and privacy.

    Neoliberalism has been paving the road to fascism. The convergence of the West and China will indeed happen if we continue choosing a model of autocratic capitalism.

    Reply
  2. Martin Lawford on

    Thank you for the link to the Progressive Policy Institute’s proposal on estate tax. I’m a little confused about one of their plan’s features. It refers to irrevocable life insurance trusts as an estate-planning technique: “These plans are structured with massive premiums equal to or more than the benefit value, plus some interest.” If the premiums are equal to or greater than the death benefit, what is the point of the irrevocable life insurance trust?

    Reply

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