The consequences will also be massive:
All the while the municipal
employee unions thought they
were robbing the taxpayers by
demanding exorbitant wages and
overly-generous pension plans, the
city politicians may have been robbing
the muni-employees' pension funds.
Solution?
Increase taxes on today's
(increasingly unemployed and
impoverished) taxpayers to fund
the pension obligations that were
ignored by yesterday's comparatively
wealthy taxpayers and government officials.
But today's Americans
can't or won't stand for higher taxes.
As the Tea Party proved
in last November's election,
politicians who raise taxes aren't
likely to remain politicians
http://adask.wordpress.com/2011/01/08/municipal-dominoes/
As Americans become
increasingly impoverished by
1) the flow of jobs
out of the country and
2) the influx of illegal aliens
eager to compete for the jobs
that remain, our standard of living
will continue to decline until Americans
become as impoverished, desperate to
survive and therefore as immoral
as the people of Mexico.
This "loss of liberty"
corresponds very closely
to my argument that rising
economic efficiency increases
economic vulnerability, paranoia
among government and corporate
leaders, fascism and finally slavery.
That very cycle
is not hypothetical,
but was notoriously
seen in Nazi Germany.
The Germans' hyper-efficient
economy seemed grand in the
1930s, but ultimately contributed
to its leaders' paranoia, fascism,
slavery and finally national destruction.
Don't bet
that same cycle can't happen here.
Don't bet that same
cycle isn't already happening here
http://adask.wordpress.com/2010/12/22/economic-efficiency-downside-no-3-slavery/
Adask's law
- The Profit of Injustice
http://adask.wordpress.com/