Kansas City Star Rediscovers Socialism

Today the newspaper shares the cure for a worsening economy . . . The idea is complex . . . But it's basically socialism in a Summer dress, without many deets and by way of trusting local corproate rulers.

Here's a bit of their screed . . .

"In America today, almost 30% of all accumulated wealth is owned by 1% of Americans. Worse, CNBC and the last census suggest that 50% of all Americans have no savings at all. And I mean nothing — zip, zilch, nada. Many solutions offered to fix this problem are only short-term Band-Aids and do not solve the root problem.

"Charitable help, government safety nets and Medicaid are all critical. Likewise, Social Security, pensions and 401(k)s, while great programs, only create non-poor retirements. Some believe the solution is a higher minimum wage. I support a higher minimum wage, but all of these initiatives do little to nothing in terms of long-term, sustainable wealth creation.

"Equal-but-poor is not the end goal. Extreme wealth disparity may just be the natural conclusion of all-out capitalism, but it is not in the best fiscal interest of our nation. That’s not a left or a right conclusion — it is a fiscally conservative requirement for the continuation of economic greatness."

A couple of funnies . . . 

The goal of the newspaper was to praise some of the big local corporations who dominate city hall and government contracts.

Also . . . 

No idea how a newspaper owned by a hedge fund is arguing for "economic democracy" with a straight face.

Read more via www.TonysKansasCity.com link . . .

Employee ownership is the key to economic justice, and Kansas City is poised to lead

OPINION AND COMMENTARY Can the solution for economic justice be best found in the heart of America? We know that Kansas City has been experiencing exciting momentum the last several years. In fact, some of the most successful companies with the happiest employees here in the metropolitan area are employee-owned.

You decide . . .