Friday, February 02, 2024

Why would I do it?

Robert Reich had a poll up about the just-passed bill about the Child Tax Credit. He noted that half of the funding would go toward expanding the tax credit and half would got to tax cuts for the rich and Big Business, resulting in an average increase of 0.3% in after-tax income for beneficiaries and 0.5% for the rich. The question was if you would vote for the bill.

The choices were Yes, it helps the poor; No, it increases income inequality; and Other (in comments). I voted Other and this was my comment:

I would vote for it, but with great and vocal reluctance, using it as an occasion to point out as loudly as I could (not just on the floor but through social media and press statements) the disgusting, stomach-wrenching greed and moral bankruptcy of the rich, those "squeezing, wrenching, grasping, scraping, clutching, covetous, old sinners" whose only concern is "Gimmie more! Gimmie more!" and often have quite literally more money than they can use and so buy things from apartment-building-sized yachts to private islands to joyrides into the upper atmosphere just to have things to spend it on.

That, and just as loudly pointing out that the very fact that an average income increase of $60 a year potentially could make a difference in the lives of number of people is undeniable proof of just how screwed up, sick, and wretched our economy has become.

We regard the "gilded age" as a time of ostentatious wealth and extreme poverty. We are facing such a time again, one where being a multimillionaire is to be small fry, billionaires seem ordinary, and centibillionaires (with the arrival of the first trillionaire in sight) are presented by the media as affable folk heroes. Meanwhile, nearly 40 million among us remain in poverty with the "official" rate varying between 11 and 15 percent for the last nearly 60 years, some among us so poor that, again, $60 a freaking year makes an actual difference, and some legislators propose to deal with this by revoking child labor laws.

All in line with George Wills' statement "'Back to 1900' is a serviceable summation of the conservatives' goal."

We need to take that sense we have of the "gilded age" as being tacky, distasteful, and apply it to the present and add the moral outrage that radicals and reformers expressed at the time. We need to make possession of that level of wealth something shameful. We need, that is, to stop simply referring to economic inequality and instead make it both a moral campaign and the central economic issue of our age.

So why I would vote for this bill? Because for all the moral and ethical faults it represents, it does provide some benefits to the poorer among us. According to the Center for Budget and Policy Priorities, it would benefit some 16 million children in the first year and could raise over 500,000 children above the poverty line when fully in effect. (Bear in mind the $60 after-tax figure is an average for everyone eligible to apply for the benefit, including those above the poverty line, with shrinking benefits as income rises.)

So I would vote yes for the sake of the small benefit it does give those in need while expressing my thorough disgust at the shameless, immoral, inhumane, avarice of those who put me in the soul-killing position of having to do it.

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