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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 si

by pm90 9y ago

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 be given the reins of running the country, no matter how qualified they might be. They already have a lot of power. In poorer countries, political ascendants are shot dead. In the US, you have attack ads, smear campaigns etc.

dasil003 9y ago
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 have been shown to be utterly useless in the political arena, there's no way we'll avoid this fate unless the 1% themselves come to the conclusion that their lobbying and consolidation of power will ultimately destroy the country. However I'm not holding my breath for this to happen since game theory and Upton Sinclair inform us that's not how human interest generally works.
- jjt-yn_t 9y ago
  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.
- mistermann 9y ago
  Are you implying the Democrats were at all opposed to the 1%? For many, Trump was a hail mary protest vote, that has failed unfortunately.

by pm90 9y ago

dasil003 9y ago

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 have been shown to be utterly useless in the political arena, there's no way we'll avoid this fate unless the 1% themselves come to the conclusion that their lobbying and consolidation of power will ultimately destroy the country. However I'm not holding my breath for this to happen since game theory and Upton Sinclair inform us that's not how human interest generally works.

jjt-yn_t 9y ago
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.
mistermann 9y ago
Are you implying the Democrats were at all opposed to the 1%? For many, Trump was a hail mary protest vote, that has failed unfortunately.