For more than 35 years, the policy of supply-side economics, often called “Reaganomics,” has been a dismal failure for all but a few of the most wealthy citizens worldwide.
Greece, with one of the most regressive (read: hurts working folk) tax systems (including a 25 percent sales tax), has once again capitulated to the wealth of Europe.
Well, not the Greek people, but their mostly wealthy lawmakers. (Sound familiar?)
At a time when the sensible action would have been to nationalize the banks and stop the unconscionable gambling by their owners, they bowed to German pressure.
OK, European (read: German) pressure. The same Germany that had 50 percent of its 1946 debt forgiven and a 10-year payback schedule – not to mention the gift of hundreds of thousands of dollars of soldiers’ spending.
I was one of those soldiers 15 years later, and we spent dollars aplenty.
It is time for all of us to stand up and shout: “No more war!” “No more tax policy only for the wealthy!” “No more bigotry!” “No more misogyny!”
John Wood
Hollis
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