Post Tagged with: "economy"

I was talking this week about the Mueller investigation with a guy I know from Western New York.

He said he’s sticking with Trump because of the economy and because he believes Trump and his tax cuts for the wealthy are responsible for the current strong economy.

I’ve heard this from many many folks who have bought into the narratives that corporate special interests create about our economy. It’s likely you’ve heard some of this advertising and framing:

• Tax cuts create jobs
• We need to grow the economy so everyone will benefit
• Free markets
• Regulations “hold back” the economy
• I’m a capitalist, you’re a socialist
• The private sector is better at everything

And so on. This powerful marketing is used by corporate special interests to elect politicians who will do what corporate special interests want. More power and money for them.

In my experience, we tend to be good at critiquing these claims without describing what would make a better economy. What should we be striving for? Where do we want to be if we can get there?

Towards this end, I thought I’d share the 5 simple points I’ve found to be most successful in talking about the economy.

One of the ways corporate special interest propaganda works is by framing reality so there are only two choices: one good, one bad.

The most common frame used is capitalism vs. socialism. The right is framed as a bunch of wonderful superhuman capitalists out to make the world better through their endless pursuit of profit over everything else. Meanwhile, the “left” is described as a bunch of horrible Venezuelan socialists destined to bring ruin to all of America with their irresponsibility and laziness.

Sadly, all too often we fall for this framing trap and find ourselves in the weak position corporate special interests want us to be in: fighting for something that a majority of people in the United States see as morally wrong.

One way to break out of this trap is to fight a different battle, to reframe the world as democracy vs. oligarchy. I’ve written before about how to make a strong argument for democracy as key to a vital economy.

Another way to do this is to talk about what it is that corporate special interests and the wealthy in our country really want: To privatize the profits while socializing all the costs and risk.

“Contrary to our original thinking, I’ve come to believe that people don’t behave like the economic textbooks say they should behave,” wrote Dr. Paul Wingfield, an economist at Cato University. “People don’t behave rationally.” Wingfield and his colleague, Dr. Summer Redaction, recently published an article inHigher Economics titled “Outside our corporate […]

A few weeks back, I saw Robert Reich speak at Joseph-Beth Booksellers here in Cincinnati. He is an outstanding speaker and if you ever have the chance, go see him talk. Brilliant. Funny. Experienced. Gregarious. He is just as good in person as his writing.

He started out by joking that his new book alienated everyone. He said, half the people I spoke with said, what needs saving? And the other half said, why save it? First of all, I could tell he spoke with a lot of people on both sides because he spoke about the elephant in the room – how the conversation is so often framed. And second of all, he used this as a great segue to how to get out of this trap we so often face, that the conversation comes down to some kind of less government/more government argument. The beauty of Reich’s book isn’t necessarily economic. The beauty of it is that Reich understands how to have better conversations with people about the economy. This ability to have better conversations about the economy is important because almost every discussion relates back in some way to our views about the economy. Every one. So today, I’m going to set aside self-publishing and talk about a few of the things Reich said, because this is a conversation I have with people all the time, and his new book, Saving Capitalism.

Corporate special interest groups have hit upon a very powerful framing of the economy and government that involves something they call “redistribution”.

It has been played over and over in the media more than any annoying pop ballad I can remember. So much so in fact that I bet you could describe the framing w/o me saying a word.

It looks like this:

You earn your money. It is yours. Then the government takes it away in the form of taxes (often referred to as theft) and gives it to someone who hasn’t earned it (redistribution).

When people you know say “socialism,” it is this process of taking from the “deserving” to give to the “undeserving” they are talking about.

I state this argument as strongly as possible here because this is what we’re up against. Professional, audience-tested propaganda.

If we, when you are talking to people, fall into arguing the side that wants to “redistribute,” you will be seen as someone who wants to use government to take away and give to the “lazy” or “undeserving”.

There is an easy way to flip this framing and talk about the actual situation with people you never thought you could reach.

All you have to do is talk about distributing it right to begin with.

It’s tax season once again and I’d like to address a question that I rarely see addressed: Who do tax cuts benefit? To start, let’s make a list of the major tax categories: Sales taxes Fees, tolls, and licenses Sin taxes (alcohol, tobacco, etc.) Capital gains taxes Estate taxes Luxury […]

Still think that Occupy Cincinnati didn’t have an impact?

By now, you’ve heard the Gingrich line about Obama being the “food stamp” President.

Tuesday in Cincinnati, he repeated the claim:

That’s why I’ve said over and over again that this is the best food stamp President in American history.

Here’s how Democrats responded and here’s how they should have responded.

Dear Congressman Chabot, I am curious as to why Republicans don’t seem willing to compromise on our budget. Democrats seem willing to make many of the tax cuts you want. Why not get rid of some of the tax loopholes that they are asking for? I don’t understand your position […]

Dear President Obama, Two days after election day, Jon Stewart ran a hilarious clip about the media’s view that you don’t “get it”. No one in any of the clips seemed to be able to define what “it” was. Republicans wanted to spin “it” as you “ignoring the will of […]