Krugman Spits Out the Kool-Aid
It took a minor tax policy question to make you figure that out? Next thing you know, the Democrats will Republicans will propose an idiotic war and Democrats will vote to authorize the use of force. Oh, wait, that happened five years ago.During the 2000 presidential campaign, Ralph Nader mocked politicians of both parties as “Republicrats,” equally subservient to corporations and the wealthy. It was nonsense, of course: the modern G.O.P. is so devoted to the cause of making the rich richer that it makes even the most business-friendly Democrats look like F.D.R.
But right now, as I watch Senate Democrats waffle over what should be a clear issue of justice and sound tax policy — namely, whether managers of private equity funds and hedge funds should be subject to the same taxes as ordinary working Americans — I’m starting to feel that Mr. Nader wasn’t all wrong.