Foundation of the House, 35th of the Dog Days, 526 M.E. (Betelgeuse): Wednesday's routine is the same as Tuesday's, without hauling up the trash bins, so no need to go through it here. Thursday's is the same, too, to get that out of the way in advance.
Betelgeuse is a walking day and I barely managed to get in my steps, a 4½-mile Madison, before the thunderclouds caught up to me. I got back to the house just in time, which was fine with me because it was oppressively humid outside.
WDW does not endorse political candidates (actually, we're extremely biased and make endorsements all the time, but isn't that what we're supposed to say?), but we are encouraged to see that Abdul El-Sayed won yesterday's Michigan Senate primary. We're encouraged by, and in turn offer our encouragement to, all Democratic Socialist candidates running for office. Times are changing and the pendulum's finally starting to swing back the other way, and the fact that so-called "moderate" politicians, the media, and the punditry class all look at the New Left with horror makes us only love the Democratic Socialists all the more.
Naturally, the Stable Genius, the Republican Party, parts of the Democratic Party, and the detestable Bill Maher call the Democratic Socialists "Communists" (they're not). The right and the moderates proudly assert that they're "Capitalists," and the media goes along with the framing that you're either a Communist or a Capitalist, and you have to choose between one or the other. Do you want new cars and a nice house, or do you want to live in a gulag and eat borscht five days a week?
The fact of the matter is we're all Capitalists. Every Democratic Socialist accepts the salary that goes with their elected position, and before entering politics they all traded their labor for wages to some extent or another. The real question is whether one is a Labor Capitalist or a Finance Capitalist.
Here's the issue - under the current economic climate of the United States, the finance capitalists are enjoying huge advantages over the labor capitalists. Capital gains are taxed at a lower rate that salaries, and with the increased profits, the Financial Capitalists can employ lobbyists and afford to donate to PACs to further their advantage even more. Labor Capitalists are falling further and further behind, and as the economic disparity increases, the government and the Financial Capitalists are shrinking the social safety net, denying access to health care, and defunding public education.
Case in point: to earn $100,000 is salary, one has to pay from 15 to 20% in taxes, so your take-home pay is only $80,000 to $85,000. However, the tax on $100,000 earned through investments typically ranges from $0 to 15%, and if you can afford good accountants and financial advisors, you're probably paying close to the former than the latter. It infuriates me that when I withdraw money from my IRA or 401k, the money is taxed as salary, although only part of it is actual salary and the other part is interest and profit that the fund accrued over the years.
The Democratic Socialists are not Communists but Labor Capitalists. They want to see tax policies and government benefits not skewed towards the ultra-wealthy, the investment class, and corporations, but to the salaried and hourly workers laboring for a living. It's the same Capitalist system, it just has different beneficiaries.
The "establishment," mainstream politics, and the media have all come to be dominated by the Finance Capitalists. So of course, the billionaires, the CEOs, the tech bros, and their hired politicians are terrified of not continuing to receive ever-larger slices of the pie, and feel threated by the Democratic Socialists/Labor Capitalists. Of course, they're going to paint pro-Labor Socialists as existential enemies to Mom, apple pie, and the American Way. Of course, they're going to call them "Communists," and "antisemitic," and atheistic (or worse, "Islamic"). Don't fall for it.
When Franklin Delano Roosevelt, Harry S. Truman, and Dwight D. Eisenhower instituted Democratic Socialist reforms in the 20th Century, America prospered and grew stronger. We need those same kind of leadership now, similar reforms, and leaders like Zohran Mamdani and Abdul El-Sayed and Alexandria Ocasio-Cortez are among those who will get us there.
But we don't endorse.
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