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At the annual conference of America’s Health Insurance Plans, (the corporate lobbying group that recently released a threatening report about how any inclusion of a public option in health care legislation would cause private insurers to grossly inflate their rates even more), attendees were entertained by the Billionaires for Wealthcare with their clever rendition of the ever hopeful song “Tomorrow“.

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According to the Billionaires’ website they are:

A grassroots network of health insurance CEOs, HMO lobbyists, talk-show hosts, and others profiting off of our broken health care system. We are not a political, religious or even particularly well-organized group. We’re simple folk, thrilled profiteers pouring out of our corner offices to dance on the grave of “Change.” We’ll do whatever it takes to ensure another decade where your pain is our gain. After all, when it comes to health care, if we ain’t broke, why fix it?

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Economic Populism appears to be back in vogue. Given the fall of Lehman Brothers and the Wall Street machine, the economic banter clearly seems to be “the people” versus “the elites.

Economic populism involves an economic philosophy urging social and political system changes. In the current political and economic climate, the public concern over the inequity of wealth appears to be at a peak. There is a growing call by Senator Barack Obama and democrats to raise taxes on the wealthy to shrink the wealth gap. But is it true that the rich are getting richer? Or are the rich actually in danger of losing a significant portion of the nation’s wealth? Are the democrats worried about a problem that’s already being fixed by the markets?

Emmanuel Saez, the income-share expert and economics professor at the University of California, Berkeley told Robert Frank of the Wall Street Journal that during the Great Depression, the income and wealth of the top 1% of society fell drastically. (Read here for the full story). If history is to be believed then this will happen again especially if Obama becomes president.

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HelpSweden.org has drafted a petition to Swedish Prime Minister Fredrik Reinfeldt. It urges greater action on the Millennium Development Goals when Sweden holds the European Union presidency in the second half of 2009. The message also holds a reminder of the first world’s forgotten debt to the rest of the world for resources and labor.

Think Africa’s poor?

Not in terms of natural resources. Most diamonds and gold in the world come from Africa. With all the conflict that’s erupted over mining the abundant precious materials in the Congo, there’s a saying, “We’d be so much better off if we weren’t so rich.”

Much of the African continent is also blessed a climate far more lush than, say, Sweden. Yet with a fraction of the natural resources and more snow than you could shake a kräftskivor at, Sweden’s economy is among the top twenty largest in the world, dwarfing any African nation.

So what gives?

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Wealth isn’t an absolute measure which will, say, always be three feet long. It’s a comparative measure which is defined by being over a certain percentage above the average.

So “wealth for all” is a contradiction in terms. We can’t all be wealthy because then we’d all be average, which by definition isn’t wealthy.

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