Wiseacre
Retired USAF Chief
JFK once said......."A rising tide lifts all boats"
Since Reagan, the rising tide is only lifting the yachts
I know it's just a saying, but yachts and corporate jets, aren't there jobs for building and maintaining them, sales taxes and licensing fees, employees that work on those boats/planes, marinas/airports? More jobs are created, what's wong with that?
I don't think it's just the rich guys getting richer, it's middle class guys moving up he income ladder, followed by more of those at the lower end. The standard of living has gone up since Reagan for everybody, perhaps not as much for the rich guys as you think. I've seen studies that say the rise in consumption and happiness does not match the rise in income inequality.
A yacht is a metaphor for the richest amongst us
The gap between the wealthiest Americans and the working masses has widened since Reagan. If it were pure market forces, it would be justified. But the corporate engines of this country are not as dominating as they were before Reagan. The US has lost ground to the rest of the world and the richest among us who drive that engine have made more money
I think you got a point, the richest corps and people among us have lobbyists influencing the pols (both sides) to pass legislation that favors them one way or another. As do the unions BTW. I thought Citizens v United was the correct decision for the SCOTUS to make, but we do need effective campaign finance laws that have no exceptions or exclusions like the dems tried to put into their bill that failed.
I also think some of that widening gap in income inequality IS due to market forces though. You know how much money has been lost by the rich guys in the last few weks due to the falling market? Estimates are between 1 and 3 trillion, and I see no tears for them now. Nor do I shed any myself, but when the worm turns and the market goes back up, and it eventually will, rich guys are going to get it all back if they invest it. You gotta have money to make money, and you gotta take risks with it to make it grow. It's the way of the world.
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