Is the US becoming a serf economy
NO.
Want to know why not?
Because SERFS are taken care of by their masters.
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Is the US becoming a serf economy
Funny how this is occurring under a democrat. This is what happens when the government takes over the industry and free market.
Actually, the big change occured under Reagan.
I would agree that the situation hasn't improved under Democrat governments, though.
A Pub DEPRESSION is not the time to raise taxes on the rich. Even the A-Holes that got us in this mess. Neither is O-care a serf thing.
I think this material shows that the wealthy in the US get an easier ride than they do in any other country on earth. Too easy.
I am pro-capitalist, pro-incentives and all for people earning the most they can in life, but I also believe wealthy people can pay a fair amount towards supporting the system that produces that wealth.
The average compensation of a CEO in 1980 was about 40 times that of the average worker in his company. Today it is more than 500 times.
For the US to create and grow - that needs to change.
We're the worst we've been since the 20's- see VOODOO tax rates and my sig pp1. Obama is just starting to turn it around. A Pub DEPRESSION is not the time to raise taxes on the rich. Even the A-Holes that got us in this mess. Neither is O-care a serf thing.
Reaganism has been turning us into a banana republic for 30 years. Romney wants to make it WORSE. Pub dupes!!
How did Reagan turn us into that?
Decus -
I agree with you.
I do think US corporate taxes are too high relative to personal taxes - which are too low.
But having low tax on dividends does not help small businesses as much as it helps large businesses. And it is large businesses who fund both political parties to a very significant extent.
As for over-regulation - by and large, the US is less regulated than the EU. And yet the EU seems able to cope with far, far tighter environmental and health regulations than the US will ever have, and it does so without people complaining. I think that is a cop-out by US businesses.
It is not over-regulation that stops Ford or GM stop making great cars - it is a lack of innovation and a lack of ability to read markets. Toyota had a hybrid engine 10 years before US manufacturers had one.
Is the US becoming a serf economy
That's the plan. It's been going on since 2001. Republicans have been wildly successful. Their plan has worked.
And you are our most noteworthy bitch.
Is the US becoming a serf economy
That's the plan. It's been going on since 2001. Republicans have been wildly successful. Their plan has worked.
Both party's appear to be in on it. The buck stops at the president's desk.
It does.
I don't think the Democrats can point the finger too much on this, because their party is also far too dependant on the interests of Goldman Sachs that they can claim to really represent the ordinary working American.
I must disagree with the premise of the OP. While i understand that there may be a growing disparity between the uber-rich and everyone else, a serf economy is off base.
This country, and most others, were not affluent until decades after the world-wide Great Depression. Working class americans did not start to acquire any kind of economic prosperity until the 1950's. The decades following began to show a gradual accumulation of wealth and security. The gap between the lowest of the low and the middle has shrunk certainly.
Our "poor" are not all that destitute and they have safety nets. There is also opportunity to pull yourself out of poverty unless you feel sorry for yourself and give up.
Do you want to compare the US to Scandanavia? The Scandanavians are playing with a loaded deck. How about we send them several million immigrants apiece for some free handouts. Their economy will tank within a few years.
Do you want to compare the US to Scandanavia? The Scandanavians are playing with a loaded deck. How about we send them several million immigrants apiece for some free handouts. Their economy will tank within a few years.
For many of the expats that I have known who lived and worked in countries like Norway, Sweden and Finland, the welcome received was often superficial. Top jobs are reserved for the natives and even immigrants enjoy second class status. Often for the most qualified expats, the attitude is "get the job done and then please leave .... quickly". Friends who married natives never saw upward mobility as a possibility in those countries. So comparisons at the level you describe are not possible.
Both party's appear to be in on it. The buck stops at the president's desk.
It does.
I don't think the Democrats can point the finger too much on this, because their party is also far too dependant on the interests of Goldman Sachs that they can claim to really represent the ordinary working American.
Not stating it is/was right...but....what other choice was there?
I must disagree with the premise of the OP. While i understand that there may be a growing disparity between the uber-rich and everyone else, a serf economy is off base.
This country, and most others, were not affluent until decades after the world-wide Great Depression. Working class americans did not start to acquire any kind of economic prosperity until the 1950's. The decades following began to show a gradual accumulation of wealth and security. The gap between the lowest of the low and the middle has shrunk certainly.
Our "poor" are not all that destitute and they have safety nets. There is also opportunity to pull yourself out of poverty unless you feel sorry for yourself and give up.
Do you want to compare the US to Scandanavia? The Scandanavians are playing with a loaded deck. How about we send them several million immigrants apiece for some free handouts. Their economy will tank within a few years.
It does.
I don't think the Democrats can point the finger too much on this, because their party is also far too dependant on the interests of Goldman Sachs that they can claim to really represent the ordinary working American.
Not stating it is/was right...but....what other choice was there?
With TARP - not a lot, but I've been disappointed that the Obama administration seem to enjoy such a cosy relatonship with merchant banks. I'm not saying they should be an enemy, but I don't think executives from Goldman Sachs are ideal employees for the White House.