Comment on Wealth inequality will destroy America.
karlhungus@lemmy.ca 7 hours agoThis 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
uriel238@lemmy.blahaj.zone 5 hours ago
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.
karlhungus@lemmy.ca 5 hours ago
He cut taxes for the wealthy by enormous amounts
uriel238@lemmy.blahaj.zone 3 hours ago
I assume by he you mean Reagan and not Krugman.
Krugman is a dyed-in-the-wool Keynesian.
karlhungus@lemmy.ca 1 hour ago
Yeah,regan
Polisheocket@lemmy.zip 5 hours ago
It’s hurt America more then we’ll ever know. Trickle down economics isn’t it when your top 1% is super greedy
karlhungus@lemmy.ca 1 hour ago
Most of the world has been damaged by it. The us is putting no taxes on wealth, many other country followed suit
uriel238@lemmy.blahaj.zone 3 hours ago
In elementary school history, I learned supply-side (trickle down) economics came from Taft, and they failed spectacularly then. I think the only reason it comes back is because it gets resurrected by the owner class, as a justification to break the 3conomy in their favor.
Seriously, the only reason to not have a dictatorship it to make societies more public serving. We really need to start recognizing government capture efforts and capitulation are nothing short ot treason, aiding and giving comfort to enemies of the people and state.
Perhaps the survivors will figure it out.