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Yes this is exactly correct. Which is why rising income inequality is hugely bad news for the US. But short of going back to higher taxation, I don't see the situation improving for the US. The rich will Marshall all their significant resources to fight tax increases. Just see the amount of money and effort Koch brothers have put into corrupting the system! It is deeply disturbing. Also, titans of economy should not…
In the US titans of the economy are given the reins of the country even being totally unqualified . In fact, the anti-intellectual streak is so strong, that incomprehensible slogan babble has proven to be a very successful strategy in convincing the average blue collar worker that the most elite of the elite silver-spoon nepotists will somehow represent their interests. Frankly with the level which facts and reason h…
Ah, but the economy is in debt, and a few of the persons who make decisions relevant to that factor, are competent to be fair and impartial in a redress of that issue, at least if history is our guide. One may hope. One may hope also for a peaceful outcome for Hong Kong and its peoples, but beyond my expertise to do all but pray within this YN platform, for today at least. Thanks for reading.