Tuesday, February 9, 2021

Links: How to rebuild our economy and taking on cancel culture

Links: How to rebuild our economy and taking on cancel culture 

The problems with society are due to using wedge issues to give capitalists on both sides a pass. When it gets too bad (as it did under the last Administration), the wedgers get a wedgie. Until there is honesty and leadership on such issues, the structural difficulties will simply magnify.

Going big means acting quickly. Once the virus runs out of people to infect, the window closes on reform. One long term change that is essential is funding some disaster assistance with a no-year appropriation. The $300 per month child tax credit should be both automatic, refundable and included with pay. This also demands a higher minimum wage. No one should work to get a tax credit that would come from doing nothing instead.

Unemployment grew because people are uncertain about how long their money will last if the virus keeps killing people. Doctors hedging their bets are not helping. The virus is neither an extinction level event and a controlled shutdown is not a structural recession. If cases keep falling, people will start buying.

All politics is local, especially local politics, both in Puerto Rico and Pennsylvania.

The term cancel culture's 15-minutes of fame is up. Cancel it.

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