Is there Class Envy in America? Have Wealthy People Been Responsible for All the Jobs in America?

[KoKo]

Who would believe this? Yet, Larry Kudlow speaking for Repugs and Supply Siders seems to feel this is a GREAT TRUTH!

Kudlow (Reagan Administration)had Charlie Rangel on Business Channel, CNBC, trying work out some tax increases for Hedge Funds, etc. But the Repug answer is what Kudlow said.

I wonder if there is any argument that could refute what Kudlow said. "Class Envy?" Should the question be that Average Americans are not "envious" about wealthy people, but think that there's a huge discrepancy in what Hedge Fund Managers, CEO's/CFO's are making that might be considered EXTREME compared to what their workers make all the way down in the Corporations?

And...Can anyone give me an example of where the GURU'S of Wealth in America today,(Bill Gates, Steve Case and the Dot Com'ers who MADE it and the Hedge Fund and CEO's of America's bought and sold companies while laying off millions and sending jobs overseas) who benefitted from Great Wealth because of their Good Minds who managed to find an outlet for their genius, have produced Millions of Jobs and Income Increases for the Average Middle Class American or the Poor? What they produced in Jobs seems to have gone with Dot COM BUST.

McJobs and Lawn and Home Improvement Services and High Growth in Real Estate related Industries and Companies, have covered over the lack of health care, credit card debt and bankruptcy.

How can the Repugs STILL manage to have an argument that "Supply Side Economics" still works? It didn't work for Reagan and they dragged it up for Bush I and II...but, to me, it still doesn't work.

Any thoughts? :shrug:

[theoldman]

1. The top 1% are not responsible for most jobs.

Most people work for small companies or themselves. It has been at least 80 years since they has been such a great disparity in income. In the early 1900's the big guys screwed the workers so much that they created unions. I do not know what will happen this time but something will change.

[Double T]

2. How did the wealthy become so much MORE wealthy???

Someone had to give up something to make it possible for the wealthy to acquire almost everything. The American worker has had to sacrifice bonuses, paid in full health care, wage increases, pensions and ultimately their jobs, so that the wealthy could have even more. H1B visas, corporate outsourcing of operations and jobs to foreign slave wage nations with NO ENVIRONMENTAL laws or controls, attempts at illegal alien amnesty legislation to obtain a low wage replacement workforce, tax cuts to the richest americans, price escalation of every damn thing, including the necessities of life, to unjustifiable levels, etc. The rich create millions of jobs in other countries.......the same jobs that were once ours. Free market capitalism and supply side economics does not work BECAUSE of the filthy and corrupt rich. I do NOT envy the rich.....who could envy entities that behave and act as THEY do.

[MedleyMisty]

3. It's an old trick

Whenever anyone says anything about the huge discrepancy or the exploitation or the unfairness, slap them with the "You're just jealous" argument. Happens all the time, even here on DU.

Personally I couldn't care less about material goods. I just think that everyone should have equal access to things like education and health care and legal defense and that workers should be treated like humans, not enslaved robots. Apparently that's being jealous.