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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (800523)8/9/2014 12:28:44 PM
From: tejek  Read Replies (2) of 1578022
 
So let me get this straight. You think the situation cannot be improved, so we just let the country slide into 3rd world status? It won't get that far. If you look at history, this is the sort of thing that triggers revolutions. You can already see a few rumblings of it.

Its not just income inequities that have worsened. Since the 1980s, American innovation has been on the decline with the number of new companies on the decline as well. It looks like
the concentration of wealth in large corps is resulting in their domination
and discouraging smaller start ups. Interestingly enough, that trend coincides
with the advent of trickle down:



That scenario is supported by these reports:

The Other Aging of America: The Increasing Dominance of Older Firms


brookings.edu


Declining Business Dynamism in the United States: A Look at States and Metros


brookings.edu

The fact of the matter is the situation can be improved through a change in taxation. FDR was very successful in changing the wage inequality.

Gov't anything is never a solution for someone like Dave.
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