Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (687703)	12/10/2012 3:49:52 PM
From: combjelly	1 Recommendation Read Replies (1) \| Respond to of 1578739

Why are you conveniently ignoring the time before 30 years ago, which represents the full trend? You can't directly compare earlier years because lots of changes were made. A deliberate choice was made during the Great Depression to narrow the gap between the wealthy and everyone else via tax policy and regulations. And it worked, we had a vibrant middle class as a result of those policies. However, starting in the mid to late 1970s, we started to roll back those policies. And the middle class started its decline and income and wealth shifted upwards. Every recession we have had since then, the recovery has been slower and weaker than the preceding ones because most of the consumers find themselves in an increasingly precarious situation. But, despite your claim, this is not inevitable, but an outcome of policy. If you want a 3rd world type economy where the vast majority of the wealth is concentrated in a relatively few hands with a small middle class and a large lower class with a lousy economy, keep the present policies in place and we will get there. If you think a strong middle class with a growing economy is better, we know how to do that. The Koch brothers won't like it, but...