1. The Super-Rich Wouldn’t Make Our Decisions for Us
Decisions about higher education should be made by everyone, with public tax dollars allocated in a democratic fashion. But our tax dollars have gone away. The Reagan-era “government is the problem” attitude led to dramatic tax cuts and a resulting decline in government funding for public universities. Instead of paying for all the societal benefits heaped upon them, billionaires keep getting richer — just 14 individuals making more than the entire federal education budget two years in a row.
2. We Wouldn’t Spend So Much Money on Security for Rich People
Nationally, we spend over $1 trillion per year on defense. Not just the half-trillion Pentagon budget, but another half-trillion for veterans affairs, homeland security, “contingency operations,” and a variety of other miscellaneous military “necessities.”
3. We Wouldn’t Give All the Credit for a Tech Product to One Person
In the extreme capitalist mind, Steve Jobs started with boxes of silicon and wires in a garage and fashioned the first iPhone. The reality is explained by Mariana Mazzucato: “Everything you can do with an iPhone was government-funded. From the Internet that allows you to surf the Web, to GPS that lets you use Google Maps, to touchscreen display and even the SIRI voice activated system— all of these things were funded by Uncle Sam through the Defense Advanced Research Projects Agency (DARPA), NASA, the Navy, and even the CIA.”
4. Public Sentiment Would Prevail Over the Demands of Lobbyists
Society’s needs are often ignored in our individual-oriented capitalist system. Over 90% favor laws on clean air and water, but Congress has proposed to weaken them. Over 90% want background checks for gun purchases, but the NRA constantly bullies over 200 million Americans. And 80% of us want to take on Wall Street.
5. Our Jobs Wouldn’t Be Held Hostage in Tax Havens
The great majority of Americans — including many millionaires — want to end overseas tax loopholes for corporations. But Fortune 500 companies ignore the rights of the public. They owe more than $600 billion in taxes on their tax haven hoardings.
Freedom now means winner-take-all capitalism,and it’s slowly morphing our political system into a plutocracy