Republicans are the ones waging class warfare


From DEMOCRACY NOW

David Graeberm, one of the organizers of the “Occupy Wall Street” protest, said Monday on Democracy Now that it was Republicans, not President Barack Obama, who were engaged in class warfare.

“Well, generally speaking, when you hear a Republican talk about class warfare, you know they’re waging it,” he said. “I think that the easiest way to put what’s going on in perspective is to think the situation in the ’50s under Eisenhower, who was of course a Republican president, when tax rates on the wealthiest were actually 90 percent. I don’t remember the economy freezing up and falling apart in the 1950s. In fact, it was booming.”

“I think that for the last 30 years we’ve seen a political battle being waged by the super-rich against everyone else,” Graeberm added.

On Sunday, Rep. Paul Ryan (R-WI) accused Obama of practicing “class warfare” with a proposal to tax millionaires at a higher rate.
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From PAUL KRUGMAN

some notes on the actual class war that has taken place over the past 30 years — namely class warfare for the rich against the middle class.

1. Major tax cuts for high-income Americans, much larger as a percentage of income than for the middle class; CBO data here.

2. Decline in real minimum wage.

3. Union-busting, aided and abetted by federal policy.

4. Financial deregulation, which has fed inequality because very high incomes come disproportionately from that sector.

And now shrieks of outrage over the prospect of even a slight reversal of these trends.
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