> there are specific demands that sound entirely reasonable
Not exactly. Lemme take em one at a time:
* close tax loopholes for corporations
So long as we pair it with a general lowering of rates I'm for it. The rest of the world has been lowering corporate rates to attract em. Just jacking their rates will only force more offshore. We live in a global economy ya know.
> * investigate bankers responsible for bank collapse and either criminally prosecute those who committed fraud or enact reasonable
> legislation like the Dodd-Frank act [wikipedia.org] which will mitigate business practices that lead to unstable markets.
I'm ok with that if you will ALSO investigate the politicians who did as much as or more. Such as Dodd and Frank, along with Chuckie and Nancy. And a certain Acorn lawyer that made it to the bigtime. And for balance who can forget Shrubbie pushing the 'affordable housing for all' line as well. For that matter I think a certain lizard who dreams of greater things was just fine with it. News flash, when you put people who can't afford a house into one eventually something bad will happen. The banks who were regulated into doing it tried to pass the hot potato and Freddie and Fannie were more than willing to take it. The CDS business was all about trying to hide the salami, nobody wanted to be holding the stuff when it all went Foom!
* reduce defense spending, especially no-bid contracts like those given to Halliburton
I think we can all agree we could find some savings in the Pentagon budget but you guys have to get over Halliburton and Darth Cheney. Most of the stuff Halliburton got contracted to do was stuff there aren't too many other entities can do.
* increase spending on education
Why piss away even more borrowed money chasing the bad we are already wasting? None of the problems in education can be solved with money.
Step One, short term: End tenure. Tenure is a system to promote diversity of opinion in an academic/research setting. K-12 teachers are expected to teach a government blessed corpus, not create new knowledge so tenure is nothing but a sop to the unions which makes it impossible to fire incompetent or burned out teachers.
Step Two, longer term: End the government monopoly on education. If we as a society believe in universal education that is a goal that can best be achieved through vouchers.
* reduce the influence of money on elections and the influence of lobbyists on policy
No. Money == Speech. You don't have to like it to realize you can't avoid it, especially in the current environment. Make the government too weak to need lobbying and the congressional seats not worth spending millions to obtain. I like the idea of citizens pooling their money and petitioning their government for redress. What else is something like the NRA or AARP? And if they can petition why can't the American Petroleum Association?
* increase taxes on wealthy individuals in order to pay down federal debt
Nice simplistic notion. Too bad it won't work. First there just ain't enough wealth amongst the wealthy, assuming they would sit still and allow a life's work to be pissed away. See above about that global economy thing. Remember the rich have a lot of money, but there is a very finite number of them. If you want to raise serious scratch you have to move down and tax the shit of the middle class. And anyway, in case you haven't been watching the news, there is a bit of a recession on right now. Tax receipts are down because we already depend on the rich for the vast majority of the taxes and they ain't doing too well at the moment. Raise the rates and history tells us receipts would probably go down more... along with employment as the rich moved to survival and flight to preserve capital instead of worrying about earnings.
You guys are always pissing and moaning about income inequality. I understand it is a blessing. Why? Because nobody is actually falling behind (once you correct for social factors) the rich getting richer is just a side effect of wealth creation, and that wealth doesn't tend to stay concentrated beyond the second generation of the creator and even before it spreads out from inheritence it tends to enrich everyone around. Remember that when compared to the world, the median income in the US falls in the top 1%. And pretty much every American who isn't a homeless crackhead is in the top 2% so look on the bright side dude!
Really. Take everyone's favorite example right now. Before Steve & Steve there was nothing. Now there is several hundred billion dollars of NEW wealth, much of which has already spread around and created hundreds of 1% folks, employed thousands of people, etc. Who cares if they got filthy rich in return? I certainly don't. The people of California shouldn't, when considering how much business and tax revenue has flowed into their state.