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"Americans have good reason to think this way. The typical middle class family is earning about the same amount of money -- just under $54,000 -- as they did in 1996, once you adjust for inflation.
That means a lot of people aren't getting paid more. On top of that, the Great Recession knocked out many people's safety net savings as they lost jobs or homes or both. Even people who have jobs tell CNNMoney that they feel one step away from financial ruin. They fear a life of "dead-end crap jobs with crap wages."
Inequality, however you measure it, has been on the rise. The middle class is shrinking -- partly because the upper middle class is thriving.
This week, actor Jesse Williams speech at the BET awards highlighting all this went viral. It began: "A system built to divide, impoverish and destroy us cannot stand if we do." He called on his fellow Black celebrities -- many of whom are part of the favored few -- to do their part to fix inequality too."
And like Cameron and the EU, the Establishment and Clinton have ordered up more of the same.
At the turn of the Century to the year 1900, the federal Government controlled only 3% of the economy.
The Progressive Era of the early 1900's, took over 15% of the economy to micro-manage and take over all banking through the federal reserve(which technically isn't government, ya, right) and they convinced the people it was a good thing to place the people themselves into bondage to the government, with the 16th Amendment. Then getting stubborn states out of the way, with the 17th amendment.
By the time WW-II was over Truman had over 30% of the economy, with IKE actually lowering it to 20%.
From Kennedy, to Nixon, another 15% of the economy in the government micro-management portfolio.
To today with the passing of Obamacare and government micro-managing insurance, they now have over 55% control and badly micro-manage the economy, into the gutter.
At the turn of the Century to the year 1900, the federal Government controlled only 3% of the economy.
The Progressive Era of the early 1900's, took over 15% of the economy to micro-manage and take over all banking through the federal reserve(which technically isn't government, ya, right) and they convinced the people it was a good thing to place the people themselves into bondage to the government, with the 16th Amendment. Then getting stubborn states out of the way, with the 17th amendment.
By the time WW-II was over Truman had over 30% of the economy, with IKE actually lowering it to 20%.
From Kennedy, to Nixon, another 15% of the economy in the government micro-management portfolio.
To today with the passing of Obamacare and government micro-managing insurance, they now have over 55% control and badly micro-manage the economy, into the gutter.
Government has morphed into an industry with unlimited ability to tax people, directly or indirectly, to support its growth. It has nothing to do with governing and only to do with how do I get a job with a few great pensions for XXX in cushy D.C. ,Inc. it is suffocating the country with its Parasitical lifestyle.
The vast majority of Americans fail every "basic" financial quiz/survey I've ever seen published, so we aren't exactly dealing with a set of people that are well positioned to jump to such conclusions.
The vast majority of Americans fail every "basic" financial quiz/survey I've ever seen published, so we aren't exactly dealing with a set of people that are well positioned to jump to such conclusions.
And yet 71% of people are able to see it; that should tell you how blatant it now is.
The vast majority of Americans fail every "basic" financial quiz/survey I've ever seen published, so we aren't exactly dealing with a set of people that are well positioned to jump to such conclusions.
Right, you need a PHd to know that Bankers are getting fabulously wealthy while the middle class is being destroyed. I wonder which university teaches in economics classes that our country is being run by a bunch of thieves and are protected by laws passed by their Puppets on governmeent. Maybe Yale teaches such a course?
And yet 71% of people are able to see it; that should tell you how blatant it now is.
Not saying I disagree that there is some level of it being fixed, but I also fully believe that there are many things that most people can do that would help their personal situation and make them feel less that way.
Even with a basic understanding of finance and the economy you can put yourself in a much better situation as opposed to just throwing your hands up and saying "ehh, its rigged" because Bernie/Hillary/Donald told me so.
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