Tom Ellis
Dec 14, 2022

It was a conservative who once taught me a valuable lesson about a minimum annual income: “when money is free,” he said, “it loses all its value.” True.
So I’ll stick with the Keynesian model of a market economy regulated and progressively taxed in the public interest by a strong federal government. It worked beautifully from 1932 till 1980 when Reagan’s conservatives started dismantling it systematically. Since then the gap between rich and poor has grown into a chasm, as all other indicators of social stability and public welfare have steadily declined, while corporations are now pumping billions into buying elections to ensure that legislation in the public interest never again sees the light of day.

Tom Ellis
Tom Ellis

Written by Tom Ellis

I am a retired English professor now living in Oregon, and a life-long environmental activist, Buddhist, and holistic philosopher.

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