What’s So Bad About Spreading the Wealth?
CC license, by agrinberg from Flickr
With John McCain’s screeching all over the campaign trail about Barack Obama’s supposed plans to “spread the wealth,” On the Commons Fellow Chuck Collins started thinking about what has actually happened to our economy over recent years.
“After three decades of ‘concentrate the wealth,’ we could really use some ‘spreading the wealth,” he writes on the website of the progressive Christian magazine, Sojourners.
He goes on to point out that “spreading the wealth” policies were responsible for the creation of America’s great middle-class in the 30 years after World War II, thanks to government programs like the GI Bill, Medicare, low interest housing loans, the Great Society, and college assistance plans.