By all means, we should base our economy on what YOU remember from the 1970s. Great plan.
You ducked my question there completely. How is the guy that make himself wealthy bad for anyone else? You ***** about income inequality. First tell us why the guy that was more successful than you was bad for other citizens. Explain that first without simply referring to the fact that there are more successful people today than at some point in the past. Again, how is being wealthy bad in an of itself...or is this all just jealousy?
I of course have the balls to answer your question...I in NO WAY support any nationalization of any private debt. End the Fed.
Now, answer my question.
In the 1970s the richest 1% of Americans earned 8% of total US income. That was why a single minimum wage job payed the rent on a new one-bedroom apartment with enough left over to maintain a car. Fast forward to the time of Lehman Brothers' collapse when the richest 1% of Americans took home over 20% of total US income.
Those guys and gals who tripled their share of national income over those three decades did so at my expense and most of the rest of the US middle class. They did so by bribing Republicans AND Democrats for tax favors that rewarded outsourcing jobs to China while shifting the domestic tax burden from FIRE sector wealth to wages and salaries.
I strongly suspect private wealth is inherently evil because, since the time of Rothschild, it gives private bankers too much control over national money supply. Since Lehman Brothers became the biggest bankruptcy in history, "too big to fail" has become the private bankers' rallying cry for obtaining even more influence over government.
Today, governments demand austerity on the vast majority of their citizens, because "the markets" demand it to keep credit flowing to those governments. "The market" obscures who these lenders to governments really are, namely the same global private banks that received government bailouts since 2007.
The lesson I draw from that is that global banking can not be safely entrusted to private banks.
What's yours?
Lehman Brothers: financially and morally bankrupt | Professor Richard D. Wolff
You state "I strongly suspect private wealth is inherently evil". Well there you go, that sums it up. You're a ******* Communist whether you admit it or not.
Even if you hadn't made such an incredibly juvenile and ridiculous statement as that, you demonstrated that you just don't get it here as well:
Those guys and gals who tripled their share of national income over those three decades did so at my expense and most of the rest of the US middle class. They did so by bribing Republicans AND Democrats for tax favors that rewarded outsourcing jobs to China while shifting the domestic tax burden from FIRE sector wealth to wages and salaries.
Here you talk like someone OWES you a job. Again, a Communist tenant. More importantly, what you fail to see is the extreme irony of you supporting big government, meddling politicians again and again...the VERY same politicians that wrote the meddling laws, tax codes, and who took campaign contributions in exchange for favorable legislation. Instead of voting for limited government politicians that stand against such meddling, you support the biggest meddlers of them all. The ONLY politicians that would refuse what you call 'bribes' and all establishment politicians call campaign contributions, are those that operate on the assumption that the Constitution limits what the federal government can be involved in. Those few souls don't take bribes because they have no power to fix the system to the advantage of the contributors.
Instead of blaming individuals and companies that simply followed the tax codes, regulations and laws as written while making fiscally sound judgments as to where operations produce the best return for stakeholders, why don't you blame the politicians that attempt to engineer the economy? That's my take on why things are so fucked up today. TOO MUCH GOVERNMENT MEDDLING.
But I'm sure you know of interventionist politicians that see things your way and will resist campaign contributions and insider trading tips while continuing to meddling in the economy. Perhaps a politician with magic beans in his pocket?