America meant something until liberalism created a government worse than the British. Every right that was fought for in the Revolutionary War liberalism has take away.
Liberalism? Are you kidding me?
In the last 58 years, republicans have occupied 3o of them in the oval office.
I remember the standard of living when I left high school in '69. Today, the standard of living, for middle and lower classes, is worse.
A lot worse.
What changed? The biggest change was the lowering the upper tax rate of the super rich from 70% to 35%, and now 25%. Proportional to the chipping away of the progressivity in the tax code, the standard of living has decline.
In short, supply side "trickle down" economics. Reaganomics.
That is the the direction the ring wing, ie., led by Milton Friedman, the libertarian economist, whose book, "free to choose" inspired by the philosophy of Ayn Rand and later the Austrian school, who influenced Reaganomics, has taken our nation, .....
Downward. So far, dems haven't reversed that course. Clinton did, but just a little, and he did manage to squeeze out a surplus.
The rich's wealth and incomes has grown way ahead of inflation, where wealth and income on middle class and the poor has remained flat.
What it did is deprive the government of the funds for roads schools, lots of things, expanded deficits which was paid for largely with fiat currency, which caused inflation, and because the poor cannot hedge, and the middle class not so much, either, where the rich can shield themselves from inflation by hedging, and, as the result, that cost was on the shoulders of the poor and the middle class, whose disposible incomes are much less today than they were in the 50s.
So, this is why Bernie wants to reverse the ship of state that Reagan set us on, to grab back a bigger piece of the pie that the rich rigged the system in their favor.
Reagan said that the government is not the solution, it is the problem.
Okay, let's take a look. in government, top tier executive one wagers are in the $200k range, and the bottom jobs pay about $15 an hour, so there is a disparity of about 7 to 1. That's about where it should be.
In corporate world, the disparity is about 300 to 1.
Seems to me that private enterprise is not the solution, it is the problem. It needs to be regulated.
I"m not calling for totalitarianism (Soviet russia ), I'm calling for a return of progressivity in the tax code,
and capitalism for wants, socialism for needs, ( police, fire, military, social services and health care).
Where does the pendulum rest? It rests dead center.
Capitalism without socialism will devour itself, and conversely,
Socialism without capitalism will wither and die.
This is why China, ruled by the communist party, is booming, they put the pendulum in the center.
I was talking to an entrepeneur who had a factory in China, he told me, if you go to China, and pitch
them a business idea, the government will fund it.
I took a walk around the UCSD campus, the student body is about 70% from China. When I was a kid, over and over and over I was told that "communism is poverty" and if that is true, how come so many chinese in a very expensive school ? ( much more so for Chinese ). Well, the truth is, totalitarianism is poverty, and China ceased being a totalitarian state, they now allow capitalism, and they are doing well.
That's what I mean by putting the pendulum in the center. They need each other for each to work.