If there is no struggle, there is no progress.

- Frederick Douglas

Income Inequality Inspires

"We Reached The Tipping Point": Income Inequality Is Highest Since Records Began

Go read the article. It is fascinating that this has happened under a (D)emocratic Party administration, but not a surprise if you observe their consistent actions. The (D) proclaim themselves helpers of the poor while greatly serving the rich. The fiscal and monetary policies of recent years have helped to accumulate an ever greater amount of wealth in fewer hands.

Remember during the Reagan and Bush administrations how the left railed against the idea of trickle down economics, the policy where successful were enriched so some of their resources would trickle down to the less fortunate? We misunderstood the left's railings.

Apparently when the left was railing against helping businesses and people of means succeed, we did not understand that they wanted these policies pushed further, harder, so greater wealth accumulated in fewer hands, and without the dated need of business creation and expansion. In retrospect, it makes sense, because greater wealth in fewer hands means those hands can be more generous to the politicians who helped them accumulate that wealth. Of course, the rest of the citizenry will figure this out, but what is to fear?

This will not end well, it never does. And whom to blame? Politicians. Parties are labels to mislead the fools, unfortunately. Politicians are punishing us for our foolish loyalty.

posted at 12:34:50 on 05/21/15 by clearpolitics - Category: Economics - [Permalink]

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