Haven’t Given up on Climate


Stay tuned.

Meanwhile, there is this. Chart from American Progress. Photos from the recent rally in Austin Texas, photographer yours truly.

Note that 44 billion dollars is $130 per capita, or about $500 per household, or about $50,000 per top-percentile-household. Since we are clearly undertaxed in aggregate, the Bush tax cuts amount to a transfer of $500 from every household among the poorest 90% of households to every household among the richest 1%. I wish somebody could explain this effectively to the tea party. That same $50,000 going the other way would really have a lot more utility.

I think it would be crazy to let the richest 10% off the hook and just increase taxes on everybody else $500. But even that would be sensible compared to what is actually happening in response to this engineered crisis.

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