rightwinger
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You have it backwardsThat opportunity to move up has decreased dramatically since we embraced the entitlement generation.That opportunity to move up has decreased dramatically since we embraced supply sideThe problem IS the extreme wealthy. The so called .01%. They have attained enormous political power, due to their enormous wealth. Many of these enormously wealthy people use the central government to achieve power and wealth. They do this by buying protection from central government rules and regulations, via huge political donations. It is a racket the Mafia can only dream of.3 Richest Americans Now Own More Wealth Than Bottom Half of US Combined
Wednesday, November 08, 2017
by Common Dreams Three Richest Americans Now Own More Wealth Than Bottom Half of US Combined: Report
It is time to close the loopholes, increase their income tax and even the fucking playing field. That my friends is the right thing to do.
How are you going to even the playing field by punishing the high income earners? They will reduce their spending and incentive to earn more which means less money for you to redistribute. This, coupled with ignorance and refusal to reduce government spending is simply going to push US towards the failed socialist models of other countries.
Distributed prosperity cannot be achieved in economic policies rooted in class warfare.
They often can protect their enormous wealth from taxation...here is a good series of columns exposing how they do it.
Paradise Papers....
Paradise Papers Shine Light on Where the Elite Keep Their Money
Everything you just described about the 1 percent is prevalent in countries that employ the model you want US to move towards. The difference is that her, US, there is opportunity to move up. The model you want locks in a truly 1 percent. The 1 percent here is not locked in compared to the rest of the world.
Salaries are down, way down. Used to be low skilled workers could support themselves....now they need government assistance