economic austerity is redistribution of wealth up the ladder

economic austerity so popular with large private banks is a rather obvious tool to redistribute a nation's wealth up the income ladder.  greece really should just tell the banks to go fuck themselves, go off the euro and take care of their own economic and social interests and not those of the banksters.  in the united states, both  major parties like to talk about steep budget cuts and inevitable economic pain, but they really mean to take more control of the control of the economy in their own interests and redistribute more of the tax burden on the lowest income earners, much as they have been doing for 40 years.