Sunday, January 12, 2014
What Happens To Democracy When Congress Becomes A Millionaire's Club?
The answer to that question is that Congress represents the interests of its peer group. This is pretty clear when one looks at tax policy and spending policy. Tax policies have become less progressive and Congress is more concerned about cutting social programs to reduce budget deficits than it is in making tax policy more progressive. This is not an easy problem to solve. It has become more expensive to run for office and it has become easier for the super-rich to fund elections. Unless things change, democracy in America may become more like it is in third world countries. Most of them have elections but the policies don't change much.