Commentary: War on the Poor Continues
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I can't believe those jerks are laughing. There's nothing funny about this whatsoever.
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@TheTinychainsaw meant 1:17
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1:19 anyone else hear bongos?
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All I have to say is: Are you ashamed yet America? You started off as an anti-imperialism country, now you are an empire that lies, cheats and steals to stay in power. Justify it any way you want, it's still wrong.
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@townsendjean I can agree with that last part. What I am arguing is that the past 80 years of progressive economic thought has led to a wealth transfer from the poor to rich. It is just the pie is smaller and the rich are fewer in number. The political economy of Europe is an example of this, with the bloated political class "managing equality" living like kings compared to your average citizen.
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@EasyEs I really don’t understand what you are saying or even intend to say. I was simply
pointing out that the concentration of wealth in the US is now at unprecedented levels.
It’s an imbalance which is creating stresses in society which, if it continues inevitably
leads to social upheaval which ultimately benefits nobody. The extreme disparity in incomes between the wealthy and the poor creates hardship and deep resentment.
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@townsendjean In simple terms, trying to delay market force corrections through government nearly allways ends up transfering wealth from the poor and middle class to the upper class. It was the case in the 1970s it was the case in Argentina and Chile in the 1970s, in almost every nation in the EU today and in the USA today.
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@EasyEs huh?
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@townsendjean Okay..and that is not related to Keynsian monetary policy which promotes asset inflation and body of economic regulations that favor larger companies? Please flesh out this for me, when Tim Guitner says that the government needs to raise taxes on small businesses because it can't possibly shrink government, that helps everyday Americans how?
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@EasyEs That the concentration of wealth is now at unprecedented levels is not
“liberal economic practice “, it’s fact.
10% of americans own over two thirds of the nation's wealth, and this privileged cabal represented by the GOP want to keep it that way. Yet, americans just voted the GOP back into power who are now pursing a "let them eat cake" campaign against them. And this is democracy? Go figure!
townsendjean 1 year ago 30
@townsendjean Americans have been convinced that if they are not rich now, they soon will be....You can fool all of the people.
sidecar771 1 year ago 27