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Sun Aug 25, 2013, 09:42 AM

Here's Why America Stopped Caring About The Public Good [View all]

http://www.businessinsider.com/heres-why-america-stopped-caring-about-the-public-good-2013-8


The slide really started more than three decades ago with so-called “tax revolts” by a middle class whose earnings had stopped advancing even though the economy continued to grow. Most families still wanted good public services and institutions but could no longer afford the tab.

Since the late 1970s, almost all the gains from growth have gone to the top. But as the upper-middle class and the rich began shifting to private institutions, they withdrew political support for public ones. In consequence, their marginal tax rates dropped — setting off a vicious cycle of diminishing revenues and deteriorating quality, spurring more flight from public institutions.

Tax revenues from corporations also dropped as big companies went global — keeping their profits overseas and their tax bills to a minimum. But that’s not the whole story. America no longer values public goods as we did decades ago.

The great expansion of public institutions in America began in the early years of 20th century, when progressive reformers championed the idea that we all benefit from public goods. Excellent schools, roads, parks, playgrounds and transit systems would knit the new industrial society together, create better citizens and generate widespread prosperity.

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Reply Here's Why America Stopped Caring About The Public Good [View all]
Scuba Aug 2013 OP
99Forever Aug 2013 #1
fredamae Aug 2013 #2
Supersedeas Aug 2013 #6
AnotherMcIntosh Aug 2013 #3
bemildred Aug 2013 #4
phantom power Aug 2013 #5
bemildred Aug 2013 #7
malthaussen Aug 2013 #8
truebluegreen Aug 2013 #14
zentrum Aug 2013 #9
L0oniX Aug 2013 #16
valerief Aug 2013 #10
BrainMann1 Aug 2013 #11
hfojvt Aug 2013 #13
gtar100 Aug 2013 #19
hfojvt Aug 2013 #12
jtuck004 Aug 2013 #17
hfojvt Aug 2013 #21
jtuck004 Aug 2013 #24
SoCalDem Aug 2013 #15
hue Aug 2013 #18
mick063 Aug 2013 #20
chuckstevens Aug 2013 #22
Jesus Malverde Aug 2013 #23
gollygee Aug 2013 #25
pansypoo53219 Aug 2013 #26
Little Star Aug 2013 #28
GeorgeGist Aug 2013 #27
Sanity Claws Aug 2013 #29