Salon has an interesting and fairly convincing article that claims the reason our social contract is unraveling is because the American people have “outlived their usefulness to the rich”.
Even the robber barons of the 19th century depended on the poor and the middle class to work in their factories, buy the resulting goods, and do other work. But now, with the new global economy, not only do the rich freely outsource American jobs to other countries, their biggest markets are also other countries. The only workforce they need here are laborers to be servants and to take care of golf courses. But as New York mayor Michael Bloomberg pointed out, that’s what illegal immigrants are for.
Their conclusion? The rich have absolutely no incentive to pay taxes any more. Which is why the GOP is so strongly against taxes of any kind.
The article has an interesting solution:
a new social contract, in which the American people, through representatives whom they actually control, would ordain that American corporations are chartered to create jobs in the U.S. for American workers, and if that does not interest their shareholders and managers then they can do without legal privileges granted by the sovereign people, like limited liability.
In other words, make corporate charters dependent on creating American jobs.
If that doesn’t happen, then he suggests that the poor and middle class of this country should prepare to leave or be kicked out — like the great exodus from British controlled countries like Scotland and Ireland in the 18th and 19th centuries, caused in great part by exploding housing and food costs (which is already happening here).
After depopulation “the U.S. could become a kind of giant Aspen for the small population of the super-rich and their non-voting immigrant retainers.” See, the GOP does have a plan.