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Our rulers say there is no problem with that. Surely cream rises to the top?
When I consider the general standard of living and quality of life in northern European nations, it does get my attention.
I have no problem with accumulating half a billion dollars or so. Half a billion dollars is the subject of scorn in todays world of the 10 billion plus in assets.
Sometimes I think we got carried away with catering to the rich. The wealth has failed to trickle down, it has been trickling up for at least 40 years.
No Asia and China is not the future. Why is Xi together with Putin so desperate to unseat the Dollar as the global currency? Because they fear the Strong Dollar, which will crunch them up and scatter them in the wind. Any foreign nation with too much dollar-denominated loans will be crunched when forced to refinance those loans with more expensive dollars. The East is getting ready to go back to sleep for many years and will have trouble waking up again.
Sanders would have probably gotten further as a Democrat if he had been a Democrat instead of an Independent who caucused with the Democrats in Congress.
The fact remains, the income of 80% of non-supervisory workers went down last year, thanks to wages not keeping up with inflation. The nut cases can't blame that on welfare.
Supply and demand, baby. Capitalism isn't perfect but it gives everyone the best chance of living a better life.
Our rulers say there is no problem with that. Surely cream rises to the top?
When I consider the general standard of living and quality of life in northern European nations, it does get my attention.
I have no problem with accumulating half a billion dollars or so. Half a billion dollars is the subject of scorn in todays world of the 10 billion plus in assets.
Sometimes I think we got carried away with catering to the rich. The wealth has failed to trickle down, it has been trickling up for at least 40 years.
You are introducing many issues here.
I reject the hyperbole of "unprecedented" and "income disparity" and "in a developed country."
There are between 10-30 million undocumented residents. Immigration is not by merit. There is the persistent legacy of slavery and Jim Crow. These issues alone guarantee a permanent underclass many of whom will not benefit much by economic growth.
Impose the same conditions on Europe and Europe will crumble. The unemployment of ethnic youth in Europe's cities is regularly reported at 50-60%. And this is France and Germany.
It is not so much that we cater to the rich but that the game is rigged so that we cater only to the rich and thus there is no spreading of the wealth.
It is not so much that we cater to the rich but that the game is rigged so that we cater only to the rich and thus there is no spreading of the wealth.
From the early 30s to 70s it was rigged to spread the wealth very well. It's not that we don't now how to do it, but rather the we don't get a say in the matter. If the wealthy want the wealth to be spread then it will be. Else not.
I reject the hyperbole of "unprecedented" and "income disparity" and "in a developed country."
There are between 10-30 million undocumented residents. Immigration is not by merit. There is the persistent legacy of slavery and Jim Crow. These issues alone guarantee a permanent underclass many of whom will not benefit much by economic growth.
Impose the same conditions on Europe and Europe will crumble. The unemployment of ethnic youth in Europe's cities is regularly reported at 50-60%. And this is France and Germany.
It is not so much that we cater to the rich but that the game is rigged so that we cater only to the rich and thus there is no spreading of the wealth.
Source? And there are several US cities where the poorest areas also have 50-60% unemployment or even worse people have jobs but still are forced to live in the slums
supply and demand works for determining wages.
However, once you throw millions of illegals into that equation, it doesn't work.
Meh. The over supply of warm bodies in the US is high; most at the no/low skill end.
The 10Million or so working illegals are a factor in this problem ...but only a modest one.
Most of the problem is entirely made of our homegrown.
At the same time that we were REDUCING our need for no/low skilled workers
we did NOTHING to reduce our supply of replacement no/low skill workers.
Worse... we promulgated policies and laws that actually encouraged this cohort.
We dug the hole all by ourselves.
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