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It seems in some ways that the solutions proposed by these anxious wealthy are limited or perhaps too simplistic. While I applaud their indulgence in supportin
by wavefunction 11y ago
It seems in some ways that the solutions proposed by these anxious wealthy are limited or perhaps too simplistic. While I applaud their indulgence in supporting a $15 minimum wage, that doesn't mean much if commodity prices grow to erase those gains. It also puts further pressure on the remaining members of the "middle class" as they are the primary consumers of minimum-wage based services and will also be the ones to support the higher wages as costs are passed along to consumers.
For decades our relatively equitable societies (minus racial inequalities and other gradually ebbing social issues) have been dismantled by these folks in the upper echelons of wealth and their willing conspirators in the upper-middle class and middle class in order to arrive at the situation we find ourselves in today.
They have promoted favorable propaganda through their media organs that has poisoned the minds of the laboring classes towards collaboration, towards entrepreneurialism, and self-agency. They have defunded and neutered social institutions that worked contrary to their goals, even if innocuously like the attempts to destroy quality public education and labor protections.
They have introduced a culture of consumption in place of production and individual industry to better capture a greater share of the productive gains furnished by technological and social advances. They have turned whole sectors of life into cut-throat for-profit industries such as health care and education.
And the worst part is that they have been incredibly effective in convincing the average person that they have a better deal with a 1 in a million chance of striking it rich through individual luck than a more pragmatic chance at general comfort through social collaboration with their fellow humans. Their propaganda has succeeded wildly in programming many people to distrust government or cooperation in favor of a nihilistic anti-humanist lifestyle of consumer consumption simply because it is more conducive to social control and easing their ability to maintain their positions in society.
How then do they propose to put this genie back in the bottle, having now let it loose these past several decades?
- hackuser 11y ago> the worst part is that they have been incredibly effective in convincing the average person Agreed. Remember 'Trickle Down Economics', over 30 years ago? If I understand correctly, the idea was to cut taxes for the wealthy, and their resulting increased investment would cause the economic benefits to 'trickle down' to everyone else. The surprising results are that when you cut taxes for high earners ... they become wealthier. Wages for everyone else have been flat since then.