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View Diary: WHOA! Holy Carp. (10 comments)

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  •  Not Sure (13+ / 0-)

    I seem to remember the American Dream of my childhood being a modest one.

    You wanted the house with a white picket fence, not a palatial estate you fill with serfs that you work until they die in the fields.

    In terms of our aspirations -- at least those that reach me through the media filter -- we've really changed since my day.

    We didn't have advertisements, for example, suggesting that you buy your husband or wife a $50,000 Lexus for Christmas.

    This leads me to believe that the American Dream is dynamic and can be reshaped and restored as time passes.

    "I'll believe that corporations are people when I see Rick Perry execute one."

    by bink on Wed Mar 06, 2013 at 02:18:53 PM PST

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    •  That Was a Different Country With a Very Different (2+ / 0-)
      Recommended by:
      wader, Bisbonian

      government which kept the rich from acquiring most of the wealth. The 50% marginal tax rate kicked in at around 300k in today's dollars. So it was discouraging to compensation from there up to the 90% top rate that kicked in around 3 million of today's dollars. This kept extreme compensation from being offered, which discouraged hyper profitability, which meant more generosity to suppliers and employees, and put a bit over half as I recall of the nation's wealth into the hands of the bottom 80%.

      That American Dream was created through a legislative program that's fully in the history books, and it was taken away by a legislative program that's fully in the history books up to this moment where it's in today's news.

      Just wind it backward to around 1970, that would be a spectacular good start.

      We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

      by Gooserock on Wed Mar 06, 2013 at 03:51:20 PM PST

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