How Wealth Inequality Spiraled Out of Control

Ah, so you believe prosperity was the result of progressive taxes and not the other way around. If that were true, California would be like an episode of Happy Days.

 

Damn a whole fricking page of wrong. Excessive government rules and regulations, taxes, especially high corporate taxes don't spread wealth the concentrate by making wealth preservation more profitable than wealth creation.

 

Specious logic.

No, because the engine of progressivity is at federal level.

The neoliberalism (including the regressivity of the current tax system ) practiced at the federal level affects all states, regardless of State's local policies.

 

The sample size I used as an example is more than enough for analysis. You are welcome to blame anything you want, but just know that your party has control and resources to create the society they promise when they are campaigning.

 

Care to address my actual post? Here it is again:

Standing on principal is a function of privilege - either real or perceived. It it's only perceived, it's morally repulsive because it requires a disregard for your fellows.

 

Well said.

 

No even slightly. Conservatives are the ones who want to see working and middle class people empowered with property, small business, and independence. It's the Progressive Left who want to see them stripped of all sources of power.

 

How are they 'flourishing', once the aforementioned conditions have allowed them to proceed? I'm curious to know how you explain it to yourself.

 

My statement is true. Local policies won't override national neoliberalism.

 

So you believe that the same thing hurting 40 million people will help if only there were more people? You cannot take what hurts the individual and make it up in volume. Sorry, your party controls the worlds 5th largest economy and results speak for themselves.

Two farmers bought a truckload of watermelons, paying one dollar apiece for them.

Then they drove to the market and sold all their melons for the SAME price ($1) they'd paid for them.

After counting their money at the end of the day, they realize they'd ended up with no more money than they'd started with.

"See!" said one. "I told you we shoulda got a bigger truck."

 

Flourishing wonderfully -- Energy - HealthCare - Insurance - Banking - Defense Contractors.

 

I don't agree with your premise.

High RE prices in CA are due to national neoliberal policies, more than any other reason.

 

Wasn't Blue that introduced the "Patriot Act" .. instigated the Drug War .. the purpose of both to give more power to Gov't at the expense of essential liberty.

Think you may be suffering from a case of partisan blindness mate.

 

You can disagree with my opinion, but you cannot make the case that life under your party's control is better for the little guy. Its even bad for the middle.

 

Overall, I can

10 of 11 recessions occurred when a republican was president.

Both instances of when the nation crashed and led to a depression, or close to it ( 1929 and 2008 ) A republican was president.

https://en.wikipedia.org/wiki/U.S._economic_performance_under_Democratic_and_Republican_presidents

Historically, the United States economy has performed better on average under the administration of Democratic presidents than Republican presidents since World War II. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, and stock market returns. The unemployment rate has fallen on average under Democratic presidents, while it has risen on average under Republican presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents.[1][2] Ten of the 11 U.S. recessions between 1953 and 2020 began under Republican presidents.[3]

http://www.presidentialdata.org

• Ten of the last eleven recessions have occurred under Republican Presidents.
• Democratic presidents create more than twice as many jobs per year as Republican Presidents.
• Republican presidents' deficits are 54% larger than Democrats' and 65% higher as a percent of GDP.
• GDP grows 75% faster under Democratic Presidents.
• Business investment has grown twice as fast under Democratic Presidents than under Republican Presidents.
• Forbes Guest Post (11/7/16): The Economy Does Better Under The Democrats

https://www.forbes.com/sites/realsp...s-better-under-the-democrats/?sh=8421db678684

And Trump was right about one thing, the economy, indeed, does better with Democrats in the White House




But, where wages are stagnant compared to the affluent, neoliberalism got a tremendous boost, and hasn't been reversted that much, since Reagan




The great shift of US manufacturing to China occurred During Reagan and Bush 2, the two big neoliberals...

https://en.wikipedia.org/wiki/Manufacturing_in_the_United_States

Between 1980 and 1985, and then again 2001 to 2009, there were precipitous declines in US manufacturing jobs; it is estimated that 1/3 of US manufacturing jobs vanished in the eight years 2001 to 2009, and few have returned. Some argue that the 2001-2009 period was worse for US manufacturing than the Great Depression.

Once the ship of neoliberalism was entrenched in America, it will take more than one presidential term to reverse it.

 

You can post this 1000 more times. You have 2 challenges:

1. I am not defending Republicans. They are thieves just like the Democrats.
2. It does not hide the fact that dems have complete control over the worlds 5th largest economy and the results speak for themselves.

Your politicians are not trying to reverse it. They are feeding it!

 

Let's look at the big picture, since this stuff is happening all over the West.

WHY is big business flourishing, once established?

 

I was talking about Oligopolies .. not "Big Business" in General .. and about wealth inequality induced by these Oligopolies .. not about them flourishing.

But do tell me what you know about "the Big Picture" .. as a general point of reference.

 

1) No idea what any of that means, sorry. I'm not American.

2) Which party am I allied to?

 

So how do these 'ogilopoliespies' flourish?

 

Who cares what party you are aligned to .. Was Red in the USA that was tromping on Liberty.

 

Anti competitive practice - Regulatory Favoritism - Tax Law favoritism

 

Apparently you do, since you brought it up.

Sure thing. Let's pretend yesterday is the problem, and ignore the elephant in the room today.

 

Really? So it's not their customers - the ones giving them all the money? You believe these businesses would 'flourish' without customers and income?

 

Robert Reich.

Ok, let's start with the fact that the concept of "wealth inequality" is a ludicous fiction proffered by effete pseudointellectuals rationalizing their own guilt over their unwarranted feelings of superiority.

/thread.