Tuesday, May 05, 2020

Buyers Remorse

Everyone has had that sinking feeling they bought a lemon.  Imagine if you bought a car and it just seemed wonderful until you went up a hill.  Going up the hill the car sputters and finally comes to a crawl.  That is our economy. Our economy is based on the concept that you can prosper by making the rich prosperous. That works great for the rich, but look how quickly the economy sputters when we encounter a hill.  The great depression made it clear giving the rich everything just does not work.  People awakened and realized the fruits of our labors had to be shared.  The rich where force to give back the absurd gains they made from exploiting working people.  Out of the depression came many safety nets for working people.  Unions forced some fairness into the system. All of this was gradually forgotten and eroded. The real disaster started when Ronald Reagan came up with the brilliant idea of trickle down economics. If you put enough money in the hands of a few some would be bound to fall out of their pockets into the hands of working people.  What an incredible fallacy.  Tax rates for the super wealth went from 90% to 14%.  Many of the super rich found ways to dodge taxes all together. Then the supreme court made it acceptable for the rich simply to buy the government. Game over.  The drug companies, oil companies, and those with the cash simply bought the government.  Now the whole system has come crashing down. The peasants are broke in about a month or two when the disaster hits.  The real question is are we going to get any smarter.  Trump and his gang of thieves wants us to believe everything is fine. The problem is China or the deep state. Are we really that stupid?

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