Re: MD Our Immoral Supreme Court

From: Mark Steven Heyman (markheyman@infoproconsulting.com)
Date: Sat Jul 02 2005 - 18:47:20 BST

  • Next message: Erin: "Re: MD Our Immoral Supreme Court"

    Hi Ham,

    Thanks for taking the time to offer a substantial response. I
    appreciate it.

    On 2 Jul 2005 at 3:53, hampday@earthlink.net wrote:

    I see you're still on the warpath for those greedy capitalists. If
    only you could show as much passion for Philosophy as you do for
    socio-economic issues!

    msh:
    I'm interested in developing the philosophical and then political
    foundation upon which to build a more moral society. Why is it
    important for you to separate Philosophy from socio-economic issues?

    msh before:
    Is it your contention that all material possessions are acquired by
    virtue of one's labor, payment, or inheritance? If not, please
    reformulate your statement to reflect the reality of unearned
    wealth.

    ham:
    If they are acquired legally, yes. Otherwise, I don't know what the
    "reality of unearned wealth" is.

    msh:
    So, for you, there is no difference between what is legal and what is
    moral. Does this mean you agree with the Supreme Court decision that
    is the original subject of this thread? If so, then you must agree
    that material possessions can be acquired by means other than one's
    labor, payment, or inheritance. No?

    msh before:
    How is inherited wealth accounted for in terms of the recipient's
    willingness to work for what he gets?

    ham:
    Inheritance accounts for a minimal portion of U.S. wealth, as
    compared to the UK and other countries with a class culture history.

    msh:
    Focusing on the amount of inherited wealth is non-responsive and,
    anyway, highly debatable. In this country as well as in Europe,
    super-rich families sit on immense and largely inherited fortunes
    going back for generations: Vanderbilt, Rockefeller, Ford, Mellon,
    Morgan, Hunt, Harriman, Astor, Carnegie, Weyerhaeuser, and Robert
    Wood Johnson, to name but a few.

    Besides, whether or not inherited wealth is minimal, achieving a
    high income is itself in large part due to inherited advantages.
    (This is the point Arlo makes). Those who by pure chance are born
    into wealthy households have a far better opportunity to maintain
    their health and develop their performance; they are able to attend
    superior schools, and receive advanced professional training; their
    family contacts, and other forms of influence, provide tremendous
    leverage in landing high-paying positions and future investment
    opportunities.

    In short, there is an obvious dissonance between earning one's wealth
    and inheriting it, whether or not the "earning" is moral, which is
    another question entirely.

    ham:
    But would you deny the heirs of a family the proceeds of an estate
    acquired through honest enterprise? Surely people in a free country
    have the right to transfer their assets as they see fit (though
    they're likely to be taxed by the state).

    msh:
    Maybe. But shouldn't the question of how the wealth was generated in
    the first place be taken into consideration? This, to me, is the
    interesting question at the root of the moral-legal dichotomy.

    msh before:
    Suppose someone patents a life-saving drug with the intention of
    maximizing profits for himself. What contribution to society is
    made by denying the drug to people who are unable to meet his price?

    ham:
    Certainly a person whose work has led to the production of a
    beneficial drug should share in the royalties or profits of the firm
    that markets it. There are always people unable to meet a market
    price. I fancy having a finer home and a flat screen TV, but I can't
    afford them. Does that make me a "victim" of the realtors and TV
    manufacturers?

    msh:
    We're talking about life-saving drugs, not TVs or homes, but the
    nature of the product is not really the issue. Can you imagine any
    point in the accumulation of personal wealth at which such an
    accumulation threatens the existence of society? What if, due to
    highly concentrated real estate holdings, only 1% of us were able to
    afford homes and the rest were required to pay whatever rent the
    market will bear, or to live on the street? Would this be acceptable
    to you? If not, what percentage would be acceptable? And what would
    you propose to do about it if combinations of extant wealth and power
    drove the percentage below your acceptable amount?

    ham:
    Fortunately, when it comes to life-saving drugs, most
    of us can now benefit from the Medicare/HMO program which provides
    substantial price reductions on prescribed drugs as well as medical
    procedures.

    msh:
    According to research done by Gilmer and Kronick of UC San Diego,
    nearly 25% of US workers under the age of 65 are or will soon be
    uninsured for health care because they are unable to pay the high
    cost of coverage. Is this an acceptable percentage in your view of
    a moral society? If so, what would be unacceptable to you, 30, 50,
    75 percent? Or just the percentage that would include you? Here's a
    link, in case you're interested.

    http://www.chcf.org/topics/healthinsurance/index.cfm?itemID=109910

    msh before:
    What contribution to society is being rewarded when the holder of a
    community's water rights is able to extort top dollar from those who
    can pay while denying water to those who can't?

    ham:
    I'm not aware of any such problem, but I believe public water rates
    are government controlled. I do know that our township would fight
    like hell to correct what they saw as an exorbitant water bill. I
    expect your's would, too.

    msh:
    It could be oil, or land, or electricity, or penicillin or bread.
    But I see a glimmer of hope in your response. You seem to be saying
    that monopolies of essential products and services are unacceptable
    to you. More important, you seem to be realizing that the only way
    to fight such monopolies is through collective action, which is
    surprising because "collectivism" seems to be one of your worst
    nightmares.

    msh before:
    > Suppose a CEO is able to secure a million dollar bonus because he
    > reduced disposal costs by dumping toxic waste onto public lands.
    > What contribution to society is being rewarded?

    ham:
    Now you're being asinine.

    msh says:
    Oops. Thanks for the compliment. :-)

    ham:
    Toxic waste dumping is illegal and is penalized under the law. The
    company's board of directors would lose no time dumping their CEO --
    if he's not arrested first. Case closed.

    msh says:
    You're being, well, naïve. You are assuming the BOD is aware of such
    practices. Do you think the first reaction of a CEO, when illegal
    practices are condoned or discovered, is to run to the Board of
    Directors? The first reaction is usually to cover-up, to threaten
    potential whistle-blowers, and to stonewall any investigation that
    might ensue. The situation when dealing with privately owned
    companies, such as tobacco's Brown and Williamson, is exponentially
    worse. There are just dozens of examples of this kind of
    obstructionism. For starters, take a look at the real stories behind
    the book (and movie) "A Civil Action" and the movie "The Insider."

    One way to avoid this kind of lethal obstructionism, short of
    dismantling these private tyrannies of unaccountable power, is to
    make their internal documents available to corporate watchdog and
    other public interest groups. What do you think?

    I'll respond to your Chomsky comments in the Chomsky thread.

    Thanks for your time, and I look forward to your response,

    Mark Steven Heyman (msh)

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