Current Events
CLARK: There's an underlying ideological drive that overrides pragmatism. The American people want government to fix the things they can't fix themselves. The American people are basically individualists. They like each other; they're very charitable and generous; they're bound together in a hundred different ways -- they're not a big-government country. They're not socialists. But they recognize there are things they can't fix, like healthcare, or education--public education. And this administration comes in with an ideology that blocks its ability to see, articulate, and resolve those problems. It's an ideology that's a sharpened sort of right-wing Republican party ideology. It has no real intellectual base to it. It's just the ideology of a party. By intellectual base, I'm talking first, trickle-down economics. No reputable economist stands up and says, "Trickle down economics really works." Because we know the marginal propensity to consume of people who are making $100,000 a year and less is much higher than the marginal propensity to consume of people who are making $350,000 a year and more. So therefore when you say you're going to give money to the rich so they'll make jobs for the poor -- that's not a very efficient way of producing jobs in the American economy. We know that, all things being equal, that the lower the tax rate at the margin, the greater the incentive to earn the extra dollar. But we also know -- it's just human nature to figure that out -- that in a society where you've got a lot of people that are struggling to pay the electricity bill and the telephone bill and you've got a few people who don't care what the electricity and telephone bill is, that the few people who don't care about these things ought to pay a higher proportion of their income to help the rest of the country than the people who are struggling with the necessities in life.
