SUBSIM Radio Room Forums - View Single Post - J. Stiglitz: The American Dream has become a myth

Armistead · 04-01-13, 01:13 PM

One only has to compare wealth. Before the global economy, mass shifting of jobs overseas, other rules and regs that promote the elite, about 60% of Americans held 80% of all real wealth. Today, about 10-15% hold all real wealth.

Americans fought hard for rights, decent wages, protections, etc. for years and wealth became more balanced. We're losing all of that because our jobs can be shipped out. Course, we still vote in the same fools, but the elite own the political system as well, so what do you do?

Fact is, both parties support the elite, bail out the elite and stack laws in favor of the elite. The only trickle down effect is overseas. Today, the stock market soars, unemployment is going up.

Gates, Trump, Buffet all agree the future for the US is a two class system.

04-01-13, 01:13 PM	#74
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	One only has to compare wealth. Before the global economy, mass shifting of jobs overseas, other rules and regs that promote the elite, about 60% of Americans held 80% of all real wealth. Today, about 10-15% hold all real wealth. Americans fought hard for rights, decent wages, protections, etc. for years and wealth became more balanced. We're losing all of that because our jobs can be shipped out. Course, we still vote in the same fools, but the elite own the political system as well, so what do you do? Fact is, both parties support the elite, bail out the elite and stack laws in favor of the elite. The only trickle down effect is overseas. Today, the stock market soars, unemployment is going up. Gates, Trump, Buffet all agree the future for the US is a two class system. __________________ You see my dog don't like people laughing. He gets the crazy idea you're laughing at him. Now if you apologize like I know you're going to, I might convince him that you really didn't mean it.