Reagan’s Tax Cuts Are No Model for Today’s GOP

The Daily Escape:

Colima Volcano, Mexico, December 2015 – photo by Sergio Tapiro, National Geographic 2017 photographer of the year

Republicans are patting themselves on the back about their coming tax cuts, comparing it to the famous (infamous?) Regan tax cuts, known as the Tax Reform Act of 1986. From the Economist:

During the three decades since its passage, Democrats and Republicans alike have hailed the law not only for overhauling the country’s tax system…but also for doing so with bipartisan support in both houses of Congress.

Unlike the bi-partisan review of our tax system that occurred from 1984 to 1986, Donald Trump has promised to sign a bill by Christmas, just two months after the first legislative text was introduced.

Congressional Republicans originally promised that any reform would not reduce overall revenues. But they have flip-flopped: The current plan is expected to raise deficits by between $1.3 and $1.5 trillion over its 10-year life. And according to figures from the Joint Committee on Taxation, most of the benefits will go to the rich. Reagan’s reform did the opposite. The left hand chart below shows the Reagan tax cut in blue and the Trump tax cut in red. The x axis is annual income, while the y axis is the percentage of taxpayers receiving a tax cut:

Source: The Economist

The gaps in share of taxpayers receiving a cut are stunning. Between 35-55% of those under $40k in income will receive a benefit under the Trump plan, while between 70-80% of the same group received a cut under the Reagan tax plan.

It gets worse when we look at the right hand chart above. The x axis shows the percentage change in after-tax income by earnings level. Reagan’s cut gave those making between $10k-$50k an increase in take home pay by between 0.25% and 1.5%. Trump’s plan will leave them at ± 0% change in take-home income, while those who make from $50k to $200k will do significantly better under the Trump plan than under Reagan.

And an article of faith for the GOP is that the tax cut will stimulate the economy. Let’s unpack this a bit. The bill provides interim tax relief of about $1.38 trillion during 2018-2025 before the tax sunset provisions kick-in. That equals 4.2% of current tax revenue collections during the 8- year period, and only about 0.8% of GDP.

It’s hard to see how an 0.8% stimulus to GDP is going to bring on a growth tsunami, or add tons of new jobs.

Back to the Reagan tax cut, it had no measurable effect on the trend rate of economic growth, and when it was fully implemented, it amounted to 6.2% of GDP, not 0.8%, .

Finally, when the Tax Policy Center costed out the Senate Finance Committee bill, it showed that by year 10, not one of the 150 million individual filers will still be getting a tax benefit. And most importantly, the single tax cut item left in the statute, the 20% corporate rate, which stays in place permanently, costs America $171 billion in lost revenue in 2027. From David Stockman:

Likewise, the latest distributional analysis [probably from the Center on Budget and Policy Priorities] shows that in 2025, before the sunset,-the bottom 30 million tax filers would get an average “tax cut” which amounts to the grand sum of $1.15 per week….the next 30 million filers would only get $7 per week; and the middle quintile—-the 30 million tax filers between $55,000 and $95,000 per year and the heart of the middle class—– would get just $17 per week of tax relief in 2025.

Hardly seems worthy of Paul Ryan’s gloating about how he’s helping the middle class. The people know that they have no control over what happens, they just want to see how much more they will have to spend (pay?) when the dust settles.

And that’s why Paul Ryan and Donald Trump gloat. They show the rubes a dollar, and then send $1000 to their corporate benefactors.

This will be the GOP’s paradise after they enact the Trump tax plan:

 

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Saturday Soother – November 25, 2017

The Daily Escape:

Blue Mosque, Istanbul -2013 photo by Wrongo

Wrongo planned on taking the rest of the week off, but couldn’t resist this:

We live in a time when inequality of wealth, income and influence is thought to be greater than at any time in history. Inequality strengthens social injustice and with it the existence of The Privileged and The Disadvantaged. Of those who have influence and feel they are entitled to everything, and those who expect little, receive even less but need most. Government policies are fashioned by The Privileged for their own benefit. The Disadvantaged, having little or no voice, are ignored, allowing the Cycle of Containment to be maintained, change to be suppressed and social divisions to deepen.

This is from a post entitled What Price Humanity? at Dissident Voice, and it is a pretty accurate description of where we are in America. More:

Sitting at the center of this socio-economic tragedy is an economic ideology that is not simply unjust, it is inhumane. Compassion and human empathy are pushed into the shadows in the Neo-Liberal paradigm, selfishness, division and exploitation encouraged. The system promotes short-term materialistic values and works against mankind’s natural inclination towards unity, social responsibility and cooperation, inherent qualities that are consistently made manifest in times of crisis, individual hardship and collective need.

Graham Peebles is asking what are We the People entitled to in 2017 America? And his answer is grim.

Wrongo thinks nothing is more appropriate to this discussion than FDR’s Second Bill of Rights as stated January 11, 1944 in his message to the US Congress on the State of the Union:

  • The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
  • The right to earn enough to provide adequate food and clothing and recreation;
  • The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
  • The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
  • The right of every family to a decent home;
  • The right to adequate medical care and the opportunity to achieve and enjoy good health;
  • The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
  • The right to a good education.

FDR could foresee the end of WWII when he gave this speech. He concluded that: (emphasis by the Wrongologist)

All of these rights spell security. And after this war is won we must be prepared to move forward, in the implementation of these rights, to new goals of human happiness and well-being.

Sadly, on this 2017 Thanksgiving weekend, we remain very far from these goals.

The inequality and sense of entitlement we see today won’t be turned around without work. Financialization is a poisonous monster. It dictates government policy, and makes the rules about how our businesses and governments at all levels engage with our people and our environment.

People are little more than sources of revenue: Their capacity to spend, to invest and consume determines how they are valued. Driving virtually every decision within the suffocating confines of the ideal is an addiction to profit.

FDR’s ideas seem quaint in 2017. The US cannot even ensure basic civil rights such as racial equality, much less “life, liberty, and the pursuit of happiness.” Most Americans have freely indentured themselves to the financial sector so that they can pretend to own a house in which to raise their kids, and a car to drive to work in order to earn income so they can make loan payments on the house and the pick-up.

Enough! Let’s forget about life for a while. Grab a cup of Climpson & Sons Signature Espresso that is 100% Adamo Sasaba from Ethiopia, and stay away from the turkey Tetrazzini at lunchtime.

Now, watch and listen to Narciso Yepes interpret Joaquin Rodrigo’s Concerto d’Aranjuez (Adagio) on his 10-string guitar. The 10-string was conceived in 1963 by Yepes, who ordered it from JosĂ© RamĂ­rez [III].

The conductor is Raphael FrĂŒbeck de Burgos with the Radio Symphony Orchestra of Frankfurt. It’s a lovely piece with a remarkable guitar:

Those who read the Wrongologist in email can view the video here.

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Monday Wake Up Call – November 20, 2017

The Daily Escape:

El Ateneo Grand Splendid bookstore in Buenos Aires, which has more bookstores per person than any other city in the world – photo by Alamy

One of the arguments that Republicans use to support their tax bill is that it will unleash investment, but the data say otherwise. Currently, most US economic sectors are operating far below maximum capacity utilization. Here is a Federal Reserve chart showing current industrial utilization/capacity:

The left axis shows the percentage of utilization across both durable and non-durable goods. The US is currently tracking at about 75% utilization, which is about as low as it gets in non-recession times. What that implies is corporations have no need to invest in additional capacity in the US. They have plenty of spare capacity to meet any spike in demand, should it arise. So, today, it makes far more sense for companies to bring unused capacity back online rather than to buy new equipment.

So, what would corporations do with a windfall tax cut that they didn’t need to invest in the US? Won’t they just invest it outside the US in order to keep expanding their global markets? There would be no increased revenues or jobs from investment at home, so why would they keep the windfall at home? That wouldn’t be smart, and those guys and their tax lawyers are pretty smart.

What corporations might do with increased after-tax income:

  • Buy back more of their own stock
  • Update their factories in Mexico, China or elsewhere around the world
  • Invest in companies working on artificial intelligence or robots with human-like dexterity. You know, something on the bleeding edge!

The corporates will ask the question: What do Americans need that they do not have? More self-driving cars?

American consumers simply do not earn enough money to purchase the products that are already available. Total household debt now exceeds the previous peak in the 3rd quarter of 2008. You know, the peak driven by the housing bubble and the accompanying refinancing of debt.

So if a corporation does come up with some product for which there is a genuine need, who will have the money to buy it? What products (or services) would Americans stop purchasing so that they could use their borrowed money to buy this new product?

And given that the tax cuts will not accrue to anyone who makes under $75k the way the GOP has designed their tax cuts, there won’t be any more money in the pockets of the middle class to add jobs and GDP growth here at home. Here is a chart from David Leonhardt in the Sunday NYT, showing what everyone who will gain from their discredited trickle down tax plan, once it is fully implemented:

Notice that it doesn’t go to the people who really need it.

The Republican’s belief in tax cuts and supply side economics is a cult religion. They just don’t care about evidence.

So, time to wake up! We have broken subways, broken bridges, and stagnant wages. Why not spend the money on infrastructure instead of giving it away in tax cuts to be used offshore?

That might actually do some good. This could be the final opportunity for the Senate (the House is a lost cause) to do the right thing and actually represent the interests of the middle class in the US. It is way past time for this 100-member body to set aside the petty complaints of their corporate benefactors and the rich, and offer something real to the ordinary tax-paying citizens who try to pay their bills and put a little aside for retirement.

Time to wake up Senators! We need you to escape your cognitive dissonance, and think about what you are doing. To help you wake up, here is U2 with “Stuck in a Moment” from their 2000 album, “All That You Can’t Leave Behind”:

Takeaway Lyric:

You’ve got to get yourself together

You’ve got stuck in a moment

And now you can’t get out of it

Don’t say that later will be better

Now you’re stuck in a moment

And you can’t get out of it

Those who read the Wrongologist in email can view the video here.

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Sunday Cartoon Blogging – November 19, 2017

The week was dominated by two stories, the Republican tax cut efforts; and the variations on the sexual harassment theme by men in positions of power.

Let’s talk about sexual predation by men. We shouldn’t be pushing all predators to the front of the same firing squad. Without diminishing or excusing what any of these scumbag politicians have done (Al Franken, Bill Clinton) pedophiles are in a detestable class all by themselves. We are now in the middle of a teachable moment, where publicizing how badly men have treated women in our society might bring about real behavioral change. This is solely due to those many, if not most, women who are saying that they aren’t going to take it anymore. This tsunami of accusations and personal testimony will bring down some of the worst of the predators. In this case, sunlight is the best disinfectant.

The GOP wrote the bill. Now, we’ll see who votes for it:

The elephant will always protect his best constituents:

Using the Pot/Kettle meme brings risk:

Mitch has selective beliefs when women tell their truth:

The sexual predator issue focuses the thinking of Republicans:

Trump chose Jeff Sessions for Attorney General in part because Alabama would be a lock to elect another Republican. We’ll see in 3 weeks if that works out as planned.

Bonus Republican hypocrisy: Do these people ever hear themselves?

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Saturday Soother – November 18, 2017

The Daily Escape:

Sunrise at Mesa Arch, Canyonlands National Park, Utah

It’s Saturday, and the dominant issue should be the Republicans’ efforts to enact a tax cut, now that the House has passed its version of the legislation. The plan distills Republican economic philosophy perfectly: Take lots of money and give it to the people at the top, while pretending that doing so will help everyone else.

Speaker Paul Ryan said it’s a middle-class tax cut:

This plan is for the middle-class families in this country who deserve a break. It is for the families who are out there living paycheck to paycheck, who just keep getting squeezed… The Tax Cut and Jobs Act will deliver real relief for people in the middle, people who are also striving to get there.

David Leonhardt offered this view:

Amazingly, the bill…would increase taxes, on net, for families that have at least one child and make less than $100,000. That conclusion comes from a rigorous independent analysis of the bill, released yesterday afternoon by the Tax Policy Center.

The elevator version of the Republican plan is to add $1.5 trillion to the deficit in order to give permanent tax cuts to corporations. Since that sounds terrible, the GOP proposes holding down the bill’s total cost by raising taxes on middle-class and poor families. More from Leonhardt:

A big reason is that personal exemptions — the $4,000 in income, per person, that families can write off — would disappear. The bill would increase standard deductions that all taxpayers can take, but the increase isn’t large enough for many families to make up for the disappearance of per-person exemptions…

OTOH, households making at least $5 million would receive an ANNUAL tax cut of almost $300,000 once the bill is fully phased in.

The cynicism is spectacular: Congressional leaders want to raise taxes on most of the middle and lower classes, while claiming that the bill does just the opposite. Senate Leader Mitch McConnell, said:

At the end of the day, nobody in the middle class is going to get a tax increase.

Worse, if the GOP tax bill becomes law, and we look a few moves ahead, we know that Republicans will once again pose as deficit hawks and look to gut Medicare and Medicaid.

On our backs. Happy Thanksgiving!

Our Republican friends plan to fund a permanent tax cut for their beloved constituents, American corporations. For decades Americans have been against increased taxes. We bought the idea that cutting taxes would give people an incentive to work harder and thus make the American economy flourish. The GOP tells us this as they try to roll back corporate taxes, as they plan to eliminate the estate tax, and as they continually work to prevent the government from taking action against offshore tax havens.

We endure potholes, we live in fear of collapsing highway bridges because our leaders want their special constituents to have more. Our kids sit in underfunded schools so that a handful of wealthy individuals can sit in gated communities or on their own private beaches.

Think of what we might do with the sums we will lose to this GOP “tax reform” over our lifetimes. Think about the crumbling infrastructure that could be fixed. Think of all the young people saddled with student-loan debt: We could make that unnecessary, rather than give more to corporations by denying students the deductibility of the interest on their loans. Think of the drug-addicted people all over America: With these tax cuts, we will never help them.

Until the words “discredited trickle down tax plan” come out of the mouth of every single Democratic politician, we won’t have a great chance of killing the Republican’s tax plan.

Enough! It’s Saturday, and time to let the mind wander. So grab a Vente cup of Union’s Hand-Roasted Coffee, Brewer’s El Topacio Microlot, El Salvador (just £8 for 200g). Now sit near a big window and watch the last days of fall, while listening to Beethoven’s “Violin Concerto in D major Op, 61” here performed in 1959 by violinist David Oistrakh with the French National Radio Orchestra, directed by Andre Cluytens.

Listen to the sound of a Stradivarius played by one of the giants on 20th Century violin:

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Here’s Who Benefits From Trump’s Tax Cuts

The Daily Escape:

Floating Village in Lan Ha Bay, North Vietnam – photo by Son Tong

Nobody knows what the final shape of the GOP tax plan will be, but we can see the financial implications of the current bill. Jill Schlesinger has a handy quick and dirty look at who benefits from the proposed cuts posted on her web site. Of the expected $1.5 trillion in tax cuts, only 15.2% will be for individuals. Schlesinger’s conclusion is that Republicans mainly want to help corporations:

  • $1 trillion will accrue to Corporations and Pass-through businesses
  • $228 billion accrues to Individuals
  • $172 billion accrues to Estates

Of the GOP’s $1.5 trillion government handout, corporations get two-thirds. Pass-through businesses are S-Corporations, LLCs, partnerships and sole proprietors. About 95% of businesses fall into this category. Many of these are professional service organizations (lawyers, doctors, accountants, consultants and architects) who otherwise are wealthy individuals, and those infamous hedge funds.

Estates will receive a Republican tax handout that is nearly as large as that provided to individuals. Today, roughly 5,000 people pay estate taxes under current law, but about 3,200 Americans would not have to pay the estate tax next year if the Republican tax bill is passed.

Think about that: 5000 individuals will split up $172 billion in tax relief due to Trump’s largesse!! In 2000, 52,000 estates had to pay the tax. Now it is down to 5,000.

Individuals include everyone who files a tax return. But even here, the WaPo says that the wealthy will do better:

Households with annual incomes over $1 million would see their after-tax incomes increase by 3.2%, 16 times the percentage increase for any income group in the bottom half of the income distribution. . . . (The disparity in average tax cuts measured in dollars would be even larger.)

About 45% of cost of the bill’s tax cuts would go to households with incomes above $500,000 (fewer than 1% of filers). About 38% of the bill’s cost would go to tax cuts for households with incomes over $1 million (about 3 out of every 1,000 filers).

What should the response of Democrats be? Democrats are correct in saying that the Republican plan is tilted too much toward the ultra-wealthy. They propose tilting it more toward the middle class.

Bruce Bartlett was a domestic policy adviser to Ronald Reagan and a Treasury official under George H. W. Bush. Bartlett says that Dems:

Should counter with a $1.5 trillion infrastructure plan and no tax cuts for anyone.

Bartlett points out that since the Clinton administration, Dems have tried to show fiscal responsibility, supporting tax increases and spending cuts. Meanwhile, Republicans abandoned any pretense of concern for the deficit, as their new budget shows.

Bartlett argues that a big infrastructure program will provide a payback for decades to come, just as Eisenhower’s highway program did. Importantly, he points out that building infrastructure will create vastly more jobs than any kind of tax cut, especially given the Republican proposal that largely benefits the wealthy, while providing no incentives for job creation or investment.

The Congressional Budget Office (CBO) has routinely provided estimates to Congress showing that direct spending by government on infrastructure has a bigger multiplier effect on economic growth than any tax cut. Their February 2015 report showed that purchases of goods and services by the federal government raises GDP by as much as $2.50 for every $1 spent.

The report also says that a temporary tax cut for the wealthy, such as Republicans are now proposing, would create at most 60 cents of GDP for every $1 of foregone revenue. Corporate tax cuts are the worst, creating 40 cents of GDP for every $1 of revenue loss.

Our government is starved for revenue. This is not the time to even consider a tax cut for the wealthiest.

A true conservative tax policy would raise taxes to balance the budget, reduce deficits and debt, while investing in basic infrastructure, education, job training, research, technology and other drivers of growth.

That is the kind of conservatism we should get behind.

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Sunday Cartoon Blogging – November 5, 2017

This week, we all heard about tax cuts, the NYC terror attack, Trump’s Asia trip, and the World Series.

The GOP released their tax plan. The first analysis says everybody gets something:

Tax reform also brought up an old issue:

 

Trump’s trip to China won’t bring us any new “deals”:

The NYC terror attack hit close to home. One of the dead lived in Wrongo’s home town:

Hating immigrants, and hearing cries for extreme vetting have been on the agenda for a long time, as this 1903 cartoon shows:

Hat tip to Jack Cluth for the immigration cartoon

Houston got really good news this week:

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Monday Wake Up Call – October 30, 2017

The Daily Escape:

Fall at the Statehouse in Augusta, Maine – photo by Robert F. Bukaty

Welcome to what we may start to call Robert Mueller Monday. Ray Dalio, the founder of the Bridgewater Associates, the world’s largest hedge fund has serious concerns about the uneven recovery of the US economy.

In a LinkedIn post, Dalio said that if politicians and business people look only at the economy’s average statistics about how Americans are doing, they could easily make “dangerous miscalculations” because the averages mask deep differences in how people in various income segments are doing.

Dalio divides the economy into two sections: the top 40%, and the bottom 60%. He then shows how the economy for the bottom 60% of the population, (that’s three in five Americans for you English majors), has been much less successful than for those in the top bracket.

For example, Dalio notes that since 1980, real incomes have been flat or down for the average household in the bottom 60%. Those in the top 40% now have 10 times as much wealth as households in the bottom 60%, up from six times as much in 1980.

Dalio says that only about one-third of people in the bottom 60% (20% overall) save any of their income. Only a similar number have any retirement savings. These three in five Americans are experiencing increasing rates of premature death. They spend about four times less on education than those in the top 40%. Those in the 60% without a college education have lower income levels, and higher divorce rates.

Dalio believes these problems will intensify in the next five to ten years. The inequality problem is caused by our politics and our fiscal policies, not by the Fed’s monetary policies.

OTOH, Dalio’s concerns aren’t a surprise to anyone who follows the political economy. In fact, it isn’t a surprise to anyone who has walked through any mid-sized American city, or driven through any small town in the heartland.

The problem is not low wage growth.

The problem is not long-term unemployment, as degrading and humiliating as that is.

The problem is that the US economy has been restructured over the past 30 years as an underemployment, low-wage economy in which most new jobs created are temporary jobs (whether you are a laborer, a technician, a service worker or a professional) with no job security, low wages and few benefits.

The real question is can we solve the problem? Many old lefties argue for a Universal Basic Income, (UBI), but Wrongo thinks that’s, er, wrong. If the UBI were high enough to provide even a subsistence living for every American, it would be massively inflationary. And it would merely allow businesses to pay lower wages, which is why some wealthy business people, like Peter Thiel, support a UBI.

Wrongo thinks we should support guaranteed work, not guaranteed income. Most people need and want to work in order to keep their place in our society. Getting a check just isn’t sufficient. If people matter at all, and if 95% of them lack the means to live without working, society must strive to employ all of those who have been deemed redundant by the private sector.

And there is plenty to do around America. Start with the 5,000+ bridges and dams that need replacing, or the 104 nuclear power plants that are falling apart.

We need real tax reform that can’t be loopholed. Corporations must pay more, not less. Stop the move to give corporations incentives to repatriate offshore earnings by lowering their effective tax rates. That only compromises our future tax stream. Corporations have to pay more in taxes, and agree to increase the wages of average workers.

Economically, we are in a pretty scary place. People across party lines and socio-economic levels are frightened for their financial security. We need a jobs guarantee, not a UBI.

So, wake up America! Letting corporations and the rich dictate our investment in human capital or infrastructure has us on the road to eclipse as a country. To help you wake up, here is Todd Snider performing “Conservative Christian, Right Wing, Republican, Straight, White American Male“, live at Farm Aid 2014 in Raleigh, North Carolina in September, 2014:

Why aren’t the Dixie Chicks singing harmony on this?

Those who read the Wrongologist in email can view the video here.

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Saturday Soother – October 27, 2017

The Daily Escape:

Fall at Crested Butte – photo by mellowrapp

The economists at Indeed’s Hiring Lab say that the areas of the country that voted for Donald Trump in 2016 face the smallest job growth in the decade ahead.

Indeed uses new projections by the US Bureau of Labor Statistics (BLS) to project the winners and losers in the American job market for the period 2016-2026:

The occupational projections suggest faster growth in urban areas than in suburbs, and slowest in rural areas. The two sectors projected to have no or negative growth — production and agriculture — are more concentrated in small towns and rural areas. Many technical, scientific, legal, financial, and healthcare jobs are clustered in big, dense cities.

The fastest growing occupations are projected to be in clean energy: solar photo-voltaic installers and wind turbine service technician jobs are expected to double. Four of the 10 fastest growing occupations pay at least $100,000 a year, according to the BLS: physician assistants, nurse practitioners, software developers, and mathematicians.

Indeed combined the BLS projections with 2016 US Census Bureau’s American Community Survey data to show where the faster-growing occupations will be located. That suggests faster growth will be in coastal urban areas, and slowest growth will be in rural areas:

Indeed then overlaid voting patterns on the BLS job growth projections. It is clear that Blue America has a more favorable forecast for future jobs growth than Red America:

So what does this chart tell us? In places that voted for Trump by a 20-point margin, 16% of workers are in occupations projected to shrink, versus 13.2% of workers in places that voted for Hillary Clinton by a similar 20-point margin.

The next decade’s jobs growth could also increase inequality. The fastest growing jobs include several with the highest average wages, including healthcare, computer, and mathematics occupations. Occupations with the lowest average wages are also projected to grow fast, such as home health aides and personal care aides. Middle-wage job growth is projected to lag, at about half the rate of the highest- and lowest-wage jobs.

It seems that a big slice of Trump’s supporters will be losers when it comes to jobs and income growth over the next 10 years. Will they stick with the Republican Party when the job situation gets even worse for them? Of course!

Now, here comes the weekend!

This week we watched Jeff (I’m not a) Flake give a valedictory speech that excoriated the leader of his party. Catalonia succeeded from Spain, and the GOP pushed their tax cut agenda forward. The Trump administration tried to deny a young illegal immigrant woman an abortion, and Hillary Clinton was implicated in paying for the Steele Dossier.

But the worst was that Paul Newman’s Rolex wristwatch sold for $17.75 million. File this under: Idiots with too much money.

Plenty of hits to the system for a single week, so it’s time to take a break from the reality known as Trumpmerica.

Time to brew a very large mug of Celestial Seasons Bengal Spice tea, put your feet up, and put on the Bluetooth headphones. Now listen to Aaron Copland’s “Quiet City” from the 1989 album “Works by Husa, Copland, Vaughan Williams, and Hindemith”, performed by Wynton Marsalis with Phillip Koch on English Horn along with the Eastern Wind Ensemble.

Copland said the piece was an attempt to mirror the troubled main character of an Irwin Shaw play, who had abandoned his religion and his poetry in order to pursue material success. He Anglicized his name, married a rich socialite, and became president of a department store. But he continually returns to his guilty conscience whenever he hears the haunting sound of his brother’s trumpet.

See if Marsalis can take you inside your conscience:

Those who read the Wrongologist in email can view the video here.

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