Four decades....... well let's look at that.
What did we have four decades ago? Not much in comparison. I know because I was a child of the 70's. Back then, we had a landline telephone, a stereo with a cassette player, a 25" color television, and if you were lucky, a roof antenna instead of rabbit ears. Going out to eat was a treat instead of a weekly staple. Most families had one car. Want to see a new movie? Get in the car and drive to the cinema. That too was a treat.
What do you think explains this:
"Income inequality in the United States has increased significantly since the 1970s after several decades of stability, meaning the share of the nation's income received by higher income households has increased. This trend is evident with income measured both before taxes (market income) as well as after taxes and
transfer payments.
Income inequality has fluctuated considerably since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a 30-year period of relatively lower inequality between 1950–1980.
[1][2]"
Income inequality in the United States - Wikipedia
I never disagreed with that. All I am saying is that the reason for it are changes that took place in our society since then.
Changes that include the richest 1% of Americans bribing politicians for favorable tax and trade policies.
Income inequality in the United States - Wikipedia
"CBO reported that for the 1979-2007 period, after-tax income of households in the top 1 percent of earners grew by 275%, compared to 65% for the next 19%, just under 40% for the next 60%, 18% for the bottom fifth of households. 'As a result of that uneven income growth,' the report noted, '
the share of total after-tax income received by the 1 percent of the population in households with the highest income more than doubled between 1979 and 2007, whereas the share received by low- and middle-income households declined.... The share of income received by the top 1 percent grew from about 8% in 1979 to over 17% in 2007. The share received by the other 19 percent of households in the highest income
quintile (one fifth of the population as divided by income) was fairly flat over the same period, edging up from 35% to 36%.""
[5
So who was bribed? Any names in particular?
Let me put something to bed right now: there is no share of income. It's not like the US had this pile of money, and some got more of it than others.
If you are poor, it's not because the rich have too much, it's because you didn't try enough.
Here's a real story for you Ray.
I know one of the hardest working guy's you could know any where. This cat will work when no one else will, and will lose his vacation days etc because he won't take off or use them.
Well I got a phone call tonight, and him and his wife are going through some super tough times, and they wanted to sell me a garden tiller in their desperation. She hasn't worked in quite a few years because of her failing health. She is basically disabled due to multiple operations, COPD, and other such things. They only have the one income to count on. She tried to qualify for disability, but they said she didn't work steady enough in her life, so she was denide. With his workaholic personality, they still were just barely treading water. Then Christmas came, and they scraped up enough to get the grandkids something for Christmas, but after that the work fell off badly at his job. He's still employed by the same company he's worked for years at, but it's worse now than he's ever seen it before. He's trying to stay loyal, but his home life situation is in trouble real bad when it comes to hanging on. The company has had employees starting to drop like flies (quit), so he's hoping he doesn't have to do that. He likes the job, but it's on very Shakey ground lately.
He doesn't envy or hate anyone wealthy, but just wants to survive while him and his wife hold on to their dignity, and the mobile home in which they only have till March to finally have it paid off (rent to own situation), in which they had got into years ago. Her medical bills have almost broke this guy's wallet, and has left them trying to sell small items in hopes that the work at his job will pick back up immediately.
Not everyone is just bums, and aren't trying Ray, for some it's just that life happens.