Oh how I wish that were true! But as so often is the case, the road to historically good options is paved with savvy choices about the exceedingly moderate, ultimately unacceptable options before us today.
This is the situation with the debate over the Bush Tax Cuts happening right now. President Obama is putting forward a plan (an exceedingly moderate, ultimately unacceptable as a vision of wealth distribution) to extend the Bush Tax Cuts to everyone making less than $250,000/year, and to let them expire for everyone making $250,001 and up.
Basically, taxes stay the same for the top 98%, and for the top 2% they go back up to what they were under Clinton (which is still lower than they were under Bush I, Reagan, Carter, Ford, Nixon, Johnson, Kennedy, Eisenhower…). This is about the least we should expect, not any sort of dream we should be fighting for. (more…)