Without an appropriate intervention to de-concentrate household wealth, thereby de-polarizing society and recovering a moderate political disposition, the long-term survival of popular government in America is theoretically and historically improbable.
https://t.co/kwbKGwbnew
In @TimRFerguson’s latest anacyclosis piece for the Blind Spot, he argues extreme wealth concentration destroyed the Roman Republic and the same trend might be repeating now for the West. https://t.co/DrrrXOEqGv
🧵THREAD🧵This is a teaser of @TimRFerguson’s deep dive into what is fueling the west’s Democratic “moral panic” and some of the ideologies being leaned on to justify a regression away from rule by the people to something more authoritarian. https://t.co/OSBEL6OGnL
@LucilleGriffin Perhaps. But the current ones would be grandfathered (subject to exceptions) and the States should favor this, considering the trillions in $ this would likely deliver. Almost all of the requisite 38 States for ratification have fewer than 10 residents exceeding these thresholds.
In 1776, #America awakened #democracy from its 2,000 year slumber.
In 1945, America made the free world safe for democracy.
Today, America must save its own democracy or it will soon lose it.
To learn more, FOLLOW US.
@LucilleGriffin 100% would be distributed in equal shares to the States, consistent with Thomas Jefferson's suggestion in his 2nd inaugural (to distribute proceeds of a luxury tax to the States). This will strengthen #Federalism.
Jefferson's 2nd inaugural, 5th para.:
https://t.co/AmMIap1DkT
And here’s the sixth installment of our Vitruvian Capitalist reset series by @TimRFerguson’s (of the @anacyclosis_org) arguing in favour of a tax reset that reframes incentives in a way that hopefully lifts all boats by ratioing them. https://t.co/h6mEY7MjgT
Why is the extreme concentration of riches the death knell for democracies? Tim Ferguson of @anacyclosis_org explains in the latest of his Rationist series.
https://t.co/WOiLgJsiYb
America's middle class declines. Unless household wealth is de-concentrated, thereby de-polarizing political society, the long-term survival of legitimate popular government in America is theoretically and historically improbable.
#America's middle class declines. Unless household wealth is de-concentrated, thereby de-polarizing political society, the long-term survival of legitimate popular government in America is theoretically and historically improbable.
#Anacyclosis
https://t.co/Co9dOhgveC
#America's middle class declines, as avenues of upward mobility have narrowed. Unless household wealth is adequately de-concentrated, thereby de-polarizing political society, the long-term survival of popular government in America is theoretically and historically improbable.
The Blind Spot is hosting a series of essays by @TimRFerguson from @anacyclosis_org arguing in favour of Vitruvian Capitalism/Rationism. (Not to be confused with actual rations). This is Part 5 in the series. https://t.co/qAwtsng3Hd
#America's middle class is getting crushed.
And as our middle class goes, so goes our moderation, our civility, and our #democracy.
#Capitalism declines. #Socialism rises.
But the problem and the solution are both as John Adams said.
#Rationism
https://t.co/2cHOGwltCe