What Progressives Really Think
[T]he majority of Democratic office holders are not
really populists or progressives; they're welfare-state capitalists, and their allegiance to big business is as axiomatic as any Republican's.
In response, Neil wrote the following:
Personally, I'm happy to identify as a welfare capitalist — can you not be that as well as a populist or progressive? If you set up the economy so that the maximum amount of money
flows in, and it happens to flow in to rich people, that's just fine as long as you tax those rich people heavily enough to fund education and health care, etc, for everybody.
If it slots turns out that it's easier to fund the betterment of the working poor that way than to actually set up the economy so they make more money in their jobs, that's the way we should set up policy.
So, according to at least one progressive (and probably many more), capitalism is great, insofar as the benefits flow away from those who create the capital and towards those who produce nothing. How, exactly, is this ethical, Neil?