All late evening Friday I had being reflecting on the events of the concluding week, piecing together in my mind's eyes my next Tuesday's questions for the Council Leader, ABC TV Network replay of Obama Weekly Address, analyzing Warren Buffets opinion piece in the New York Times entitled "Stop Coddling the Super-Rich" and trying to catch up on the state of negotiations by Elio Di Rupo in forming a Belgian Federal Government more than 13 months after elections. When my mind started running wild, I decided that I could use a distraction. I found one in checking up on my social networks.
A friend had just posted the following on his Facebook Wall:
"It has been true all through history, the way you get a small group of people to be very rich is by getting a lot of other people to be very poor. The world has enough for everyone's NEEDS...but not enough for everyone's GREED..."
I commented on the guy's Wall to say that nothing could be more true and apt, particularly when you look at the current wave of spending cuts all around us. Cuts that are so deep they come close to the bones of the most vulnerable people in the society. Some would doubt that the riots we saw in the UK recently have anything to do with the recent austerity measures of the Cameron administration but we also know that the orange does not fall far from its tree. Yes there is global recession but like Obama said on Thursday, the problem is not with the economy but with politics. Something is fundamentally wrong with the conservative ideological politics of protection for the rich and powerful and the systematic lynching of the poor and middle class. All hope are not lost though, when you hear Warren Buffet say yesterday that he doesn't need the tax breaks that the Right-Wingers in both Houses of the US Congress are preaching. All hope are not lost when you consider the recent measures introduced by the Australian Greens and passed to law, to assist the poor and the vulnerable in overcoming hardship, particularly poverty related to paying energy bills... So, Kola, you are damn right: there is enough to go round if only a few rich and powerful could eschew GREED and embrace FAIRNESS.
After signing off the social network, my focus turned to my Colleagues-in-Council who are often all too eager to negatively sign-off a dossier for social support under the guise of spending cuts. I raced back to the coalition that is building around limiting in far-reaching ways the Belgian social support systems to the most vulnerable persons in the society. But what about Warren Buffet's warning about stopping to coddle the super-rich (including himself and some of his friends) if America wants to get serious with balancing its books?
I went back to bed with some of these thoughts from Warren Buffet's opinion piece*:
- American politicians have asked for "shared sacrifice." But when they did the asking, they spared the super-rich like Warren Buffet and his super-rich friends.
- While the most vulnerable people struggle to make ends meet, while the poor and middle class fight for the world in Afghanistan, the mega-rich continue to get extraordinary tax breaks that they neither need nor asked for.
- The mega-rich pay 17 percent income tax on their taxable income, while the struggling middle class pay 36 percent on the average
I woke up about an hour or two later with thoughts of a statement made over dinner a couple of days ago by my teenage son: "Daddy, your generation needs to start serious work on a new economic model because the current model isn't working" I remember I asked him if the model he envisages should encompass more spending cuts. I'm not sure anymore what his response was but I noted a rebellious, if not threatening undertone in my Boy's polite assertion. Whatever model it is that his generation will favour, I hope they realize that they MUST have to take serious lessons from Warren Buffet, pointedly reject the Tea Party rhetoric and bury the hard-line economic gospel of Bart De Wever's New Flemish Alliance.
*For the full text of Buffet's opinion article, refer to: Stop Coddling the Super-Rich By WARREN E. BUFFETT