Comment on Wealth inequality will destroy America.
Lor@leminal.space 3 weeks ago
Yes and the middle class who think they have money keep voting for this.
This is well studied in “capital and ideology”. Over the last 40 years in usa, euorpe educated tend to vote left, wealth votes right, which is a switch from how it used to be.
However it seems like at least in usa there isn’t that much difference between left and right when it comes to taxing wealth. Hence the steep rise in inequity since regan
During the Reagan era, lobbyists were allowed back into Washington, and officials on both sides (or non-partisan) were quickly captured.
Paul Krugman has a great comment about it. Paraphrased, politicians tend to listen more to well-dressed, well spoken lobbyists than they do nerdy economists.
He cut taxes for the wealthy by enormous amounts
I assume by he you mean Reagan and not Krugman.
Krugman is a dyed-in-the-wool Keynesian.
It’s hurt America more then we’ll ever know. Trickle down economics isn’t it when your top 1% is super greedy
MonkRome@lemmy.world 3 weeks ago
In my experience the difference in voting is really between the educated class and the uneducated class. Educated people are tend to be left wing. Uneducated people tend to be right wing. I’m pretty sure the data bears that out.