One thing I have never understood is how we can accept such inequality between the Rich and pretty much everyone else.
Although in my heart I have socialistic tendencies (Christian tendencies?) I am actually a fiscal conservative. I do not believe in throwing money at a problem with out a plan. All the money in the world is not going to “fix” Detroit schools or water issues in Flint. (Sorry Michigan.)
There needs to be good leadership. The leaders need to have a plan.
You cannot have a society where 98% of the income and wealth is at the top. I though that we showed that trickle down economics didn’t work back in the ’80s. A strong economy is based on the strength of the middle class. Our middle class is shrinking. There are some who would like you to believe that the middle class is losing its footing because of “hand outs” to the less privileged. If you look at where the money is being spent and where the tax breaks are going- it is at the TOP.
A RISING TIDE LIFTS ALL SHIPS.
A statement generally attributed to John F. Kennedy whose idea that improvements in the general economy will benefit all participants in that economy, and that economic policy, particularly government economic policy, should therefore focus on the general macroeconomic environment first and foremost. The phrase has been coopted by those trying to defend tax cuts and other policies where the initial beneficiaries are high income earners.
The way I look at it: If a government has an infrastructure plan (eg Build a bridge, highway or dam) pays workers a living wage, they then spend that money in the economy. This improves their lives, the lives of their families and the lives of the families who work or own the business where they have spent the money.
If the Government takes that same amount of money and uses it as a tax break for the richest 1%. They do not necessarily put that money back into the economy. Their loyalty lies with shareholders. The number 1 job is to increase profit quarter to quarter. I own businesses, I have investments. I understand this. I do not believe in cooperate welfare.