Nearly every objection that supporters of presidential candidates Trump and Sanders raise to the establishment are intimately associated with government unions. But neither the people’s voice, or that voice as it is reflected back to them by their populist heroes, articulates this fact.
(1) Do you want to reform Wall Street?
You’ll have to go through the government unions. Their union controlled pension funds are the biggest players on Wall Street. The union controlled cities that issue hundreds of billions in municipal bonds every year are a close second. Government unions benefit from the financialization of the American economy, even as it has wiped out the middle class. Low interest loans elevate prices for homes, which stimulates borrowing and consumer spending, which enriches corporations and the pension funds who invest in their stocks. High home prices raise property tax revenues. Low interest loans mean families can borrow more for college tuition – so unionized professors can continue to make six figure salaries for teaching a few hours a week, a few months a year.
(2) Do you want to restore reasonableness to… Read More