Do we have a stake in each other’s future or only in our own? That is a central question of American politics. The Tea Party’s tossing of the entire American budget into the sea over the issue of Obamacare is an effort to say no, we have no stake in each other’s welfare. To claim a stake in each other’s welfare is socialism. Although the political waters warrant silence from many elected officials about it, that same cry has been leveled and is being leveled against other American efforts to help each other. Social security, socialism. Medicare and Medicaid, socialism. Indeed, there is no logical reason to draw the line there and many don’t. National parks, socialism. Veterans’ benefits, socialism. Head start, socialism. Why stop there? Public schools, socialism. Public hospitals, government health departments and laboratories, socialism. It’s all socialism in the heads of the true believers. So let me repeat that question – do we have a stake in each other’s future or only our own? Read the rest of this entry »
I’m tired of hearing that lower taxes will bring new business. Politicians chant low taxes like a mantra that answers everything. Governor Cuomo offers to starve many New York communities of money for services by barring them from taxing new business.
Many places in the world have no taxes, and no business opportunities either. Many places in the US charge lower taxes than New York but do much worse. What’s missing in the low tax nonsense includes markets, transportation, supplies, employees, skills, resources and amenities, the things that make places interesting and fun to live in, the reasons company founders live here, why the bosses live here, and why their employees want to live here. Read the rest of this entry »
The Supreme Court’s decision that no company can patent genes but can patent its tests for genetic information is the tip of a large iceberg. We have gotten used to believing that the patent process is the only way that new drugs and treatments are developed, and that private industry is the only source of that work. Nothing could be further from the truth but the attack on government activity may make it true. Read the rest of this entry »
I have often thought back to a conversation I had many years ago with one of my students. She had come from a rural background with a strong, and in many ways admirable, streak of self-reliance. She was dumbfounded when I quoted the saying “There but for the grace of God go I,” often attributed to a sixteenth century evangelical preacher and martyr, John Bradford. How could I, her professor, imagine myself in the position of people who were down and out, people without jobs who needed help? Read the rest of this entry »
As I record this commentary, there is a powerful storm approaching the East coast. The last hurricane to hit this area affected a number of people in my office. One of the women who had worked for me lived in Schoharie. Her home and family were OK but she was devastated by what happened to her town. This time, my thoughts are in Brooklyn where my son and his family live – near the water but in the area that serves as a port so we hope more protected.
I’m no meteorologist. So how do you talk about a storm? Read the rest of this entry »
Let’s talk about some basics – the sources of American economic power.
- We were always an immigrant society, peopled with those who had the drive and courage to leave where they were, cross the ocean and begin again with nothing.
- Initially we were agricultural. One innovation was small, “republican,” landownership by independent farmers. Their efficiency made everything else possible.
- We were among the leaders in the banking revolution which simplified and facilitated commerce.
- The transportation revolution began in England but it had an enormous impact on the American economy because of the sheer size of the country.
- Our system of democratic schooling – education for all, rich and poor, boys and girls, immigrants and natives – was revolutionary and made us an international leader.
- England pioneered the scientific revolution. But America took advantage of the land grant colleges, and with the appreciation for learning that came with both the Christian and Jewish communities that relocated here, America became a major source of invention.
- Americans led the revolution in manufacturing – inventing and perfecting the assembly line.
Now what? Everything we achieved is out there. Read the rest of this entry »
With a deal in process about state taxes amid shouts about which state’s taxes are highest, let me point out some basic facts. New York is expensive. My employers had to pay me well when I worked in New York City so that I could afford to live and work there. Same when I worked in Boston. Why? Taxes? Actually that’s not the big issue which is real estate. Read the rest of this entry »