- Joined
- Jun 13, 2010
- Messages
- 22,676
- Reaction score
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- Location
- DC Metro
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- Political Leaning
- Moderate
You asked me to defend my points and I did with links and evidence. What you've responded with is your opinion. It's not how this works.
It's not opinion. It's putting what YOU posted into plain english. Did you not indicate the increase in debt? Well, you did. Increase in debt lowers net worth. :shrug:
And you can't point to more people buying cars and going to college as a positive, and evidence of rising living standards, then condemn the debt that makes that POSSIBLE because of decades of stagnant wages. Yes, many families funded what appeared to be rising living standards by taking on more debt. That's not sustainable, which is in large measure why growth is so anemic - real, sustainable growth can ONLY come from rising wages, and we haven't had that in the broad middle for DECADES.
Well, you can't ignore what's causing the decline in net worth while lamenting the decline in net worth. again :shrug:
A couple are globalization made possible with "free trade" agreements, the end of tariffs, and "right to work" for less laws, and a general institutional hostility towards unions of all kinds. I could say more, but you're just going to dismiss those points out of hand so why bother.
Uhm, who generally champions free trade agreements and lowered tariffs? And right to work laws are the very embodiment of the American ideal. The idea that one must be a member of an organization (and pay them) in order to be allowed to have a job is downright un-American.