Physiqueflex saidDeadbeats, slackers, and leaches! All of 'em!
I'm blocking your profile and ignoring all your posts.
And what you can go do is read the book
What Went Wrong: How the 1% Hijacked the American Middle Class . . . and What Other Countries Got Right
Blame it all on Ronald Reagan—every damn bit of misery and immiseration that has befallen the middle and lower classes in the past three decades. That’s the thunder-stealing takeaway of former Treasury Department assistant secretary and World Bank executive Tyler’s book.
The author charts how a period of unprecedented growth, prosperity and widespread wealth-sharing was derailed under the Reagan administration and continues to careen off the track all these years later. So profound were the changes wrought by privatization and the looting of the public sector that Tyler calls the entire period after 1980 the “Reagan Era”—and he does not mean it as a compliment. According to the author, drawing on thorough economic analysis, “only 5 percent of earners enjoyed income gains exceeding inflation during the Reagan Era, and most of that was concentrated in the earnings of the top 1 percent.” Throughout, Tyler explodes numerous myths, though readers will have to know the depth of those myths in order to appreciate his efforts.
Well, I guess you'll never see this then, but when I look at the history of our economy I see a change in the distribution of wealth where those at the top were seeing increases disproportionate to the growth of GDP and to changes in wealth among the lower classes. In other words, as the economy grows, the overwhelming majority of that growth ends up in a small, and getting smaller, group of Americans. You can see that this accellerated during Reagan and has continued unabated, with two notable exceptions, ever since. Only during the recent recession, and toward the end of the Clinton administration do we see a slight blip in the growth of the wealth of the "1%". (It's actually a much smaller percentage. Probably less than a few thousand Americans.)
Anyone with any critical thinking skills at all will look at this and see that it was by design. All the trappings of "trickle down", tax cuts for the wealthy, the repeal of the inheritance tax, deregulation, privatization, union busting, education busting, "free trade" agreements, etc., etc., are all intended to redistribute wealth, a zero sum game, from the lower classes to the top.
Too bad you'll never see that we are in agreement here.
IMO most Americans over 55 have no savings because it was stolen from them during the days leading up to the last recession. Some of those that took it have recently been punished, by being "fined" pennies on the dollar, and not one of those pennies is going back to the people from whom it was stolen.