On Tue, Nov 13, 2012 at 10:37 PM, Haim <email@example.com> wrote: > Jerry P. Becker Posted: Nov 13, 2012 6:04 PM > >>What exactly did Illinois teachers, police >>officers, firefighters, sanitation employees, >>correction officers, building inspectors, >>employment service representatives, bus drivers, >>child welfare specialists, residential care >>workers, lab technicians or librarians do wrong? >> >>---------------- >>Robert Bruno, a professor of labor and employment >>relations at the University of Illinois, is >>director of the Labor Education program under the >>School of Labor and Employment Relations. > > Dear Professor Bruno, > > There is no more money. >
Dear Professor Bruno,
Conservatives like Haim do not know of that which they speak. Of course the money is there - just make enough of what is there go into government treasuries, while at the same time cause more economic growth, the source of ever greater revenues for government. Just look at the examples of the countries whose per capita nominal GDPs are larger than that of the US:
That's right. For every year of the past many decades, most of the countries of socialist-capitalist northern Europe have had larger per capita nominal GDPs - and more upward income mobility with the percentages of their populations being entrepreneurs ever higher than the US. See some of the most recent data on this:
The US now has only half the percentage in 1977 of its population being entrepreneurs. Because of regulations taken off the banks starting with Reagan in the 1980s and ending in the 1999 repeal of the Glass-Steagall Act, entrepreneurial democracy is quickly getting to the point of no longer existing in the US (without these regulations, the banks can now make more money more quickly more easily doing something else than lending it to ordinary people to start or expand keep going a small business). It exists much more in other countries - see the below on Norway, the richest country in the world per capita outside of some very small countries with *citizen* populations of no more than a few hundred thousand - most much less.
In Norway (the most socialist of these socialist-capitalist countries, with government having majority ownership of roughly 1/3 of all publicly traded corporations in the country along with the many corporations fully owned by government - the big banks included) the nominal per capita GDP is now twice as large as that of the US. On Norway: