NY economics professor says us peons should just kiss the a$$es of the rich and shut up

[ProfessionalLeftist]

In an article in The New York Times titled "Some Very Creative Economic Fix-Its," New York University economics professor Andrew Caplin calls for workers to put their stakes in a "cater to the rich" economy.(1) According to Caplin, growing inequality is a fact of life in the future of the US and global economy - "some people will succeed and others will not." Rather than judging this to be bad or good, the poor and middle class would do best by trying to "understand the needs" of the wealthy and attempting to provide services to meet their demands.

Rand Paul recently expressed a similar sentiment in the immediate aftermath of his Senate victory. "We're all interconnected in this economy," he told CNN's Wolf Blitzer. "There are no rich, there are no middle class, there are no poor. We all either work for rich people or sell stuff to rich people."(2) For Paul, the "cater to the rich" economy is already here. The key now is to expand it, starting with extending tax cuts for the wealthiest to spur their spending and investment and create more jobs.

MORE...

http://www.truth-out.org/a-modest-proposal-transition-a-cater-rich-economy65736

More and more, it seems Obama is of the same mindset. :wtf:

[Matariki]

1. Stuffed Turkeys.

Good with fava beans and a nice chianti.

[safeinOhio]

2. Lets start with

raising taxes and cutting the wages of economic professors.

[ProfessionalLeftist]

3. Great suggestion! n/t

[Hannah Bell]

4. so say all fascists, power-worshipers & lapdogs.

[Ichingcarpenter]

5. HIs article in the NY times got so many negative reader's comments

He came back with more lame comments about being for the poor and crap


Here are some of the reader's responses I liked but there are many more..

1. swither
kingsville, texas
December 1st, 2010 7:29 am
It is really quite enlightening to see Professors of Economics who are willing to sell out the elderly and the middle class. So cold, so calculating, so full of math, so full of desire to suck up to the powerful. So, tell me why a solvent program, Social Security, needs to be changed? I thought our attention should be on programs that cost money. Please note, Caplin and Cowen, we are taking names.



7. Tim Bal
Belle Mead, NJ
December 1st, 2010 1:06 pm
I respectfully disagree with Andrew Caplin. His logic is flawed on income distribution. (On housing policy, he is 100% correct, but that is a different subject.)

The generational issue is a non-issue, since people cannot take their money with them when they pass away - they leave it to the next generation.

Since redistribution is a zero sum game, then it does no harm.

Finally, I do not think we can stand any more of the "gains" from trade. Free trade cost us about 30 million jobs in the last twenty years. Do we really want more "gains" like that?


http://www.nytimes.com/roomfordebate/2010/11/30/will-deficit-reduction-increase-income-inequality-in-the-us/the-hazards-of-focusing-on-inequality

[Supersedeas]

18. thanks for that link

[BanzaiBonnie]

6. It's the new normal

get used to it. Or put a stop to it.

[Supersedeas]

19. or make room for some backroom deals

[old mark]

7. Sure, Professor - look at all the good catering to the rich has done us over

the Clinton and Bush and now Obama administrations...After the rich shut down public education, maybe you can get a job on someone's yacht washing dishes...they might let you eat the leftovers, too!


mark

[leveymg]

8. Let's stuff seasoned bread crumbs and grapes up their a$$es, bake at 375, and eat them.

Stuffed turkeys, indeed.

Just one feeds a whole family, plus a week of leftovers. Come right over here, we'll give you your tax cut . . .

[xchrom]

9. He's a fuck wad. The end. Nt

[CBGLuthier]

10. I assume he will be named Mr. Obama's Top Economic Advisor Soon.

[ProfessionalLeftist]

14. I'd not be surprised. Disgusted yea, but not surprised

Obama seems to have taken a similar attitude.

[Tsiyu]

11. This moran is living in a bubble

Too much time spent stuffing his pie-hole at alumni parties, no doubt.

When the cheap fuel runs out - you know, that stuff that made skyscrapers and suburbia possible - the masses will be concerned with producing food and figuring out transportation and getting their local economies going. They won't be in the mood to play nanny to lazy rich fucks.

Now, the masses may just start dismantling their mansions for them, and giving them some good old fashioned "health care with a two-by-four" but they won't be in the mood to launder their cashmere drool bibs or prepare their creme brulees.

"Understand their needs?" Those assholes have no "needs." All of their "needs" are met! Wants? They have plenty of those, like wanting a tax cut when people are dying in the streets and in their homes for lack of health care. THOSE people have "needs." The wealthy parasites we support only have wants. And they want more, more, more, more like the gluttonous pigs they are.


Ha! it appears the rich are ASKING for revolt. I hope they keep the insults coming. It's going to get really interesting...

[TomClash]

12. We understand their "needs" all too well

They need a tax hike and kick in the ass. :kick:

[Thav]

13. He must be drinking some AWESOME kool-aid.

In his world, a rich guy nomming down suckling pig, white truffles, fine wine and decadent chocolate yells at the poor to "Suck it up and get back to work" when the poor and middle class say to him, "But we're hungry...."

Sounds like a perfect world!

[Coventina]

15. But I thought all college professors were evil Marxists brainwashing

our young people?

:shrug:

[leveymg]

17. Not in the Econ Dept. of most U.S. universities - almost all are various shades of

pink pig cheerleaders or pie-in-the-sky quants.

[MrScorpio]

16. Sure, let's make the rich richer and be happy with it

This fool doesn't know any real people, I bet.