Zone1 Should A Handful Of Billionaires Own More Wealth Than The Bottom 50% Of All Americans?

[jc456]

America has always featured the super rich who acquired their wealth due to superior talent

And the common people have always been the better for it

Without the rich, the middle class has nothing

 

[jc456]

Without the rich, the middle class has nothing

More demofks pitting people against each other, so demofk

 

[initforme]

Without the middle class, the rich can't be wealthy.

 

[sartre play]

Class issues exist, I don’t know a perfect solution.

What I do know is that poor/middle income people don’t take entrepreneurial risks, research, develop, or hire large amounts of people.

No our government pays for the important ones,
and the company's that reap the profits,
Raise their profits by charging us regulars more$$

 

[sartre play]

Republican rubes think massive inequity is the manifestation of fairness. As if the more one person has and the less everyone else has means America is living up to its dream.

They are stupid. Massive inequity is the result of a very unequal power structure where the wealthy have an outsized influence on public policy and tax laws. Period.

Agree, unequal power, & Wealthy do have more influence, What's the solution?

 

[jc456]

Without the middle class, the rich can't be wealthy.

Nope. Way to show your ignorance. Problem with demofks, they got no clue

 

[2aguy]

Agree, unequal power, & Wealthy do have more influence, What's the solution?

Checks and balances and separation of government power........

 

[jc456]

Agree, unequal power, & Wealthy do have more influence, What's the solution?

To do what?

 

[citygator]

Agree, unequal power, & Wealthy do have more influence, What's the solution?

Vote out the asshats that cater to them and raise taxes on the rich and improve resources needed for the rest of America.

 

[Mr. Friscus]

No our government pays for the important ones,
and the company's that reap the profits,
Raise their profits by charging us regulars more$$

But they make sure anything they do is compatible with their over arching desires.

Organic new businesses/inventions that might be inconvenient are less and less likely

Genuine creation by private individuals is always better than, and always out performs, funded government initiatives. The only way government keeps these better solutions tampered down (and gives the illusion of having breakthroughs themselves) is by restricting access to private individuals to even attempt..

 

[LibertyKid]

Without the middle class, the rich can't be wealthy.

I've never worked for a poor person, or even middle class person.

 

[LibertyKid]

Here's a thought.
Public companies and those public corporations work primarily to generate a profit.
Why? To give back to the investors. For public corporations, they must turn a profit, while meeting wall streets expectations to increase the stock value. This in turn puts pressure on corporations to provide dividends back to investors instead of paying that wealth to the workers.

So, how do we incentivize a public company to invest not only into their shareholders, but also their employees, their community, equally?

 

[Concerned American]

Here's a thought.
Public companies and those public corporations work primarily to generate a profit.
Why? To give back to the investors. For public corporations, they must turn a profit, while meeting wall streets expectations to increase the stock value. This in turn puts pressure on corporations to provide dividends back to investors instead of paying that wealth to the workers.

So, how do we incentivize a public company to invest not only into their shareholders, but also their employees, their community, equally?

There are many wholly owned family companies. SC Johnson, Enterprise Rent-a-Car and E & J Gallo Winery to just name a few. Most of them do well by their employees.

 

[DudleySmith]

And then came the Reagan Revolution, when Republicans decided that the middle class wasn’t as important as giant corporations and the very wealthy after all, and that the rest of us are here to serve the rich.

lol Reagan merely continued Carter's and the Watergate Babies' policies. Not that deviants ever bother with real history.

 

[hadit]

At the urging of Republican Senators Hawley and Rubio, a new think tank is working out ways for the GOP to changetheir messaging.

They want to shift their rhetoric from support for corporations and the morbidly rich to pretending they care about working people. This new organization will, they say, “think differently about labor vs. capital than Republicans have in recent generations.”


It’s a cynical effort to capture Trump’s working class base. He’d promised he’d bring our jobs home from China, empower labor unions, raise taxes on the rich so high that “my friends won’t ever talk to me again,” and give every American full health insurance that cost less than Obamacare. Those promises helped win him the White House.

All were lies, but the GOP base bought it and gave him tens of millions of votes; now Hawley, Rubio, et al think they can bottle that populist rhetorical magic and repeat Trump’s shtick for 2024.

Which raises the existential question both economists and politicians have debated for centuries:


America has had two different but clear answers to that question during the past century.

From the end of the Republican Great Depression with Franklin D. Roosevelt’s New Deal in the 1930s until 1981 (including the presidencies of Republican Presidents Eisenhower and Nixon, who maintained the top 91% and 74% income tax rates), the answer was unambiguous: “The economy is here to serve average Americans.”

Income and wealth during that time rose at about the same rate for working class Americans as they did for the rich, something we’d never before seen in this country.

This was not an accident or a mistake. It was the very intentional outcome of policies put into place by FDR and then maintained by both Democratic and Republican administrations for almost 50 years during that pre-Reagan era.

And then came the Reagan Revolution, when Republicans decided that the middle class wasn’t as important as giant corporations and the very wealthy after all, and that the rest of us are here to serve the rich.

Should a Handful of Billionaires Own More Wealth than the Bottom 50% of All Americans?

At the urging of Republican Senators Hawley and Rubio, a new think tank is working out ways for the GOP to change their messaging. They want to shift their rhetoric from support for corporations and the morbidly rich to pretending they care about...

m.dailykos.com

Im sure this will hurt the feminine sensibilities of certain moderators, so I expect it to be moved with not much intelligent input.

Vote Republican. The country you save just might be your own.