We are in a current situation where the workers at the bottom cannot get a raise of share in the economy without those in power taking it back from them.
- The rising wages at the bottom are seen as an evil trend destabilizing the economy
- Company profit margins being higher than ever (basically rising wages at the top) is seen as economically healthy and good
- Companies have raised prices to protect profit margins to historical highs during supply issues taking advantage of shortages in the marketplace is seen as good
- The Uber wealthy continue to accumulate wealth in tough pandemic times and good times (pre and post pandemic) and no one cares
- The answer from those in power will be to raise interest rates, slow the economy to create unemployment hurting the bottom, again
- Tax rates on workers and capital continue to favor capital owners
- Unrealized wealth is only accumulated by the top - hell wealth is only accumulated at the top where top 10% own 89% of the wealth
- CEOs are making a historical multiplier over their workers salary, north of 270X’s
***Mod Comment - Need to provide links to back up statements made as facts. That's in the forum rules.***
I owe my livelihood to capitalism and make top 1% money but it is the systemic exploitation of the bottom through very powerful controls of capital at the top. There needs to be a more balanced playing field.
How can people who work with their way through life get the same breaks as those who own their way through life? No one wants to take shit away… they want a fair shake.
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It's not capitalism that is the problem.
It is 'corporatism'.
There has not been actual 'capitalism' in America during the 21'st century.
You want equality for the poor?
Fine.
1) American voters need to take direct responsibility for the people they put in office.
If you vote for a politician who gets elected and sucks?
Then you have nothing to whine about because it was YOU who put him in power.
The fault lies principally with you (and other voters).
If you put a monkey in the pilot's seat of an aircraft and tell it to land the plane?
Whose fault is it when he crashes it?
The monkey or the person who put him in charge?
The answer is obvious - the latter.
Most voters are political cowards.
They simply refuse to take responsibility when they put someone in office who sucks.
2) the Fed MUST be either ended or - at the VERY least - have it's 'full employment mandate' removed.
This mandate allows them to do ANYTHING legal they wish to prop up their wealthy buddies.
Don't believe me?
Look at their balance sheet?
The federal balance sheet size increased by seven trillion U.S. dollars between 2007 and 2024. As of February 2024, it stood at 7.6 trillion U.S. dollars.
www.statista.com
Do you honestly think that the Fed is spending almost $9 TRILLION dollars to help food banks, the homeless, give healthcare to the poor, help with mortgage payments to the middle class and generally raise the standard of living for the lower classes?
Come on now.
They have admitted time and time again that they are deliberately trying to raise the equity markets. And that helps the wealthy.
Plus - by throwing this much money at the economy - they raise inflation and lower the value of the dollar.
Finally - their number ONE job is to fight inflation.
And look at the inflation rate?
They even suck at the
one thing they do that could help the poorer classes.
The Fed MUST be either ended or 'neutered'.
This is mandatory.
3) BALANCE THE FUCKING BUDGET.
The budget is out of control.
And do you see poor Americans prospering from it?
No.
Cut bloated spending on the military and on non life-and-death, social programs.
And balance the fucking budget.
4) f
orce the federal government to provide basic shelter, food and adequate medical care for every American who needs it through government shelters (and NOT handing out cash).
Not an apartment and a car and shit like that.
A shelter in every, major city that gives anyone who needs it a bed, food and medical care.
And have those who use the shelter - run it...saving even more costs.
This would cost a tiny, fraction of the federal budget.
Doing this would remove the fear many, poor Americans have of becoming homeless/hungry/not having adequate healthcare.
It would also allow them to not put up with shitty, minimum wage jobs they hate, just to 'get by'.
And finally, it would force employers to pay their employees better - especially lower-paid jobs - to get these people to do jobs they do not like and no longer need.
The problem with America is NOT 'capitalism'.
It is too much 'corporatism' PLUS the federal government is not taking care of the basic needs of it's citizens well enough.
And the fault is NOT with the politicians.
It is the fault of the voters who put them in office...
...yet refusing to take responsibility for voting for these hacks.