The problem with our economy.
The great thing about capitalism is that greed knows no bounds. Whatever you can rob, steal, accumulate, or accrue is yours alone and you have every right to keep as much of it as humanly possible. It has worked well for the ruling class since the founding of this country.
It worked with the miners. It worked with the railroad workers. It worked during the Industrial Revolution. And now, it has worked with the Technology Revolution.
Unfortunately, those that would take it all were greatly assisted by the computer and technology revolution. If they played their cards right, they could not only make a hundred million dollars, they could make a hundred billion dollars!
But the downside to the technology was that workers received very little of the wealth that was created by these new computers and robots. The owners kept it all. And they still wanted more. They passed trade laws that made it possible for them to get the cheapest labor from all parts of the world, as their bottom lines expanded to unheard-of levels.
The failure was in our government. They permitted these "new billionaires" to keep all the wealth for themselves and to return nothing back to society. Not to their workers in higher wages and not to the government in the form of higher taxes. This has created an inequality unlike any this world has ever seen.
If we are ever to return to a better middle-class existence for our people, we need to change the way we look at this new capitalism. We need to understand that no person living in a democracy needs one hundred billion dollars just for himself. There is simply no way to justify it.
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