Originally Posted by
allegro
You lost me forever, here.
The rest of your post totally ignores the legacy of Ronald Reagan, whose four pillars of economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation. Reagan was also the father of globalization. His staunch support of deregulation carried through to several more administrations, leading to manufacturing largely leaving the United States while “service” jobs remained (largely untaxed). Democrats have fought for more regulation; Clinton and Carter were disasters who faced Republican-controlled Congresses and were forced to negotiate away regulations in exchange for more centrist policy laws, the affects of which we still see today. CONGRESS legislates. Reagan was backed by a Republican Congress that was fully on-board with his voodoo economic bullshit. Remember, Reagan HATED Medicare, said it was Communist.
If you want to see what really happened, read “ Barbarians at the Gate: The Fall of RJR Nabisco.”
An interesting aside to this is Sanders’ voting AGAINST the ability to sue gun manufacturers. Hint hint.
This country has ALWAYS been an oligarchy, since its creation. Our Founding Fathers were wealthy dudes who owned slaves.
My grandparents lived through the depression so they never trusted the stock market. Instead, they hoarded money, bought whole life insurance policies, invested in real estate, etc. They owned a small business so a pension was out of the question. My grandpa died of pancreatic cancer at 68. My grandma died 2 years later. They left over $250,000 in cash plus real estate to their two kids, who pissed it all away in less than two years. Now, my husband and I are supporting one of those kids, who’s 82. Ah, life.
Anyway ... I think a lot of changes are going to come out of this economic disaster by the time it’s over. Pensions won’t come back, they may go away totally in some areas and replaced by some other type of security, I think perhaps some kind of guaranteed Federal living wage (a UBI like Andrew Yang proposed or programs like FDR had after the Great Depression). First, we have to address the massive financial and work disparities for minorities.
Our economy is built almost entirely on CONSUMERS and this is all crashing down. The consumer debt index is at an all-time high, higher than in 2008. The Fat Cats at the top are doing everything possible for status quo. Consumer excess spending and the appetite for mass quantities of cheap goods (all produced in China) must all be quashed before any real “change” will occur. Marxism blames not only the top for Capitalist consumerism; it blames the idiot consumers, too, for propping it all up. You want real “change?” The hippies will have to come back, en masse, living off the land, rejecting the comforts of Capitalist goods, getting off the grid, rejecting the college mandate, etc., all of which will cut off the money stream to the top and starve it. It’s like cutting off the blood supply to a cancerous tumor. That tumor won’t go away if consumers continue to help it grow.
Drift = Off
Likes: 
Faceplams: 
Reply With Quote
