How long have we discussed growing income inequality? Let alone wealth accumulation
Note: I really suggest reading the link, the graphs are interactive and informative.
Political choices, not economic necessity, dismantled the New Deal. Future Supreme Court Justice Lewis Powell would first sketch out the organizational and ideological dimensions of these choices in a now infamous 1971 memorandum to the U.S. Chamber of Commerce [for the details]. The conservative ascendance in state and national politics affirmed these choices across the political landscape, with dramatic consequences: steep cuts in social spending, the political abandonment of organized labor, deregulation and privatization, tax cuts, punitive cycles of unemployment—all justified in the name of lowering business costs, capturing economic efficiencies, and unleashing markets. Such arguments, of course, camouflaged the real goal of the pushback against the New Deal: a redistribution of income upward via the erosion of the hard-earned bargaining power of ordinary Americans. Rising inequality was not a lamentable side effect of America’s new policy framework; it was its intent.
It was it's intent.
What has been done to reverse this in the last 43 years?
Pardon?
Did someone say something?
Elections come and go, oh so many promises, so much rhetoric.
The two parties interchange in a never ending fandango.
The result?
Only when there is an economic crises does inequality decrease only to rampantly increase in the following years to unheard of levels since the Great depression.
Every economic crisis results in greater disparity in both income and wealth.
It is by design, the intent is all too clear.
Until one of the major parties, or even both;since both seem now to be wailing about it, actually do something about it I will regard my bullshit meter as maxed out.
Most Americans believe that income inequality is a problem. A Gallup poll in January found that 67 percent of Americans are dissatisfied with the current income and wealth distribution. Nonetheless, conservatives often insist that the real problem is economic mobility. But in San Antonio on Monday, liberals earned an unlikely ally in their fight to reduce income inequality: John Boehner.
Lamenting about the result of policies that were designed with the specific intent of widening both income inequality and wealth accumulation is more than just laughable.
It's bloody criminal.