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Old 01-19-2020, 11:29 AM
 
Location: Nowhere
10,098 posts, read 4,086,660 times
Reputation: 7086

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Quote:
“I definitely think that the gap between rich and poor in this country is much too large, that we've destroyed the middle class, and that the very wealthy people ought to be paying more in taxes and corporations,” Kennedy Jr. told Yahoo Finance’s editor-in-chief, Andy Serwer.

This from a guy who's uncle (really his entire family) is the chief architect of the 1965 Immigration Act - the one thing that has contributed more than anything to destroying the middle-class.


https://www.aol.com/article/finance/...lass/23904103/
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Old 01-19-2020, 11:58 AM
 
Location: USA
18,491 posts, read 9,157,203 times
Reputation: 8523
Both parties have destroyed the middle class via illegal immigration and neoliberal economic ideology. It’s not just the Democrats.

Each party blames the other (to get votes), but in reality, both parties are responsible.
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Old 01-19-2020, 12:08 PM
 
Location: Nowhere
10,098 posts, read 4,086,660 times
Reputation: 7086
Quote:
Originally Posted by Freak80 View Post
Both parties have destroyed the middle class via illegal immigration and neoliberal economic ideology. It’s not just the Democrats.

Each party blames the other (to get votes), but in reality, both parties are responsible.
I actually agree. But I would say liberal/democrat policies in general were more the impetus for all of it. Neocons have just sort of been apathetic to the destruction.
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Old 01-19-2020, 12:22 PM
 
Location: USA
18,491 posts, read 9,157,203 times
Reputation: 8523
Quote:
Originally Posted by Kavalier View Post
I actually agree. But I would say liberal/democrat policies in general were more the impetus for all of it. Neocons have just sort of been apathetic to the destruction.
The New Deal was responsible for creating the middle class.

The movement to get rid of the New Deal (and thus, the middle class) started with Barry Goldwater in 1964. The movement has largely succeeded, although it hasn’t (yet) been able to get rid of Social Security, Medicaid, and Medicare. They are trying hard, though.
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Old 01-19-2020, 12:23 PM
 
Location: Florida
10,453 posts, read 4,036,859 times
Reputation: 8469
Quote:
Originally Posted by Freak80 View Post
Both parties have destroyed the middle class via illegal immigration and neoliberal economic ideology. It’s not just the Democrats.

Each party blames the other (to get votes), but in reality, both parties are responsible.
Agreed.

And it gets even deeper. Not just the USA they destroyed, the war on drugs and the never ending wars in Europe, the Middle East, Africa, etc adds to the problems. We destroy countries with our policies so the citizens have no choice but to flee to the USA.
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Old 01-19-2020, 12:24 PM
 
Location: Nowhere
10,098 posts, read 4,086,660 times
Reputation: 7086
Quote:
Originally Posted by Freak80 View Post
The New Deal was responsible for creating the middle class.

The movement to get rid of the New Deal (and thus, the middle class) started with Barry Goldwater in 1964. The movement has largely succeeded, although it hasn’t (yet) been able to get rid of Social Security, Medicaid, and Medicare. They are trying hard, though.
It's actually way more complicated than that.
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Old 01-19-2020, 12:24 PM
 
17,874 posts, read 15,939,379 times
Reputation: 11660
I sure the repeal of Glass Steagal, creation of Federal Reserve system, etc etc had something to do with that wealth disparity too.
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Old 01-19-2020, 12:27 PM
 
8,104 posts, read 3,958,699 times
Reputation: 3070
Quote:
Originally Posted by Kavalier View Post
I actually agree. But I would say liberal/democrat policies in general were more the impetus for all of it. Neocons have just sort of been apathetic to the destruction.
Back in the 80s and 90s there were protests all over against trade with China.
They were accused of being business hating liberals against "free trade" by the chamber of commerce and big business types.

The protesters were right.
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Old 01-19-2020, 12:31 PM
 
6,844 posts, read 3,958,062 times
Reputation: 15859
Reagan destroyed the middle class when he broke the unions. Pure and simple.
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Old 01-19-2020, 12:32 PM
 
Location: Silicon Valley, CA
13,561 posts, read 10,353,441 times
Reputation: 8252
Quote:
Originally Posted by NJ Brazen_3133 View Post
I sure the repeal of Glass Steagal, creation of Federal Reserve system, etc etc had something to do with that wealth disparity too.
Not to mention weakening of unions and hollowing out of industries/outsourcing.
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