Saturday, January 2, 2021

Power

The big complaint about capitalism is the widening gap in income. The total income of the top one percent is $1.5 trillion. If that were distributed to the remaining 330 million Americans each would get $4,500. That would be $18,000 to a family of four. The question is what would make the people happier, getting the $4,500 or knowing they made things more equal. What is really going on here. The rich spend their money lavishly with their million dollar homes and the best that money can buy but these are the innovators and job creators the people who start new businesses. For many, even if you took their money, they would continue to look for new ways to create new products and services. It is acceptable to lower the income of rich people but more emphasis should be placed on increasing the income of the not so rich. The first requires government to act and the second requires private business to act. The in between solution is to have government act to help business grow and expand. In recent years government and business have partnered to help government and business. The battle lines are drawn. The proletariat vs the elite. The workers rose up in 2016 but they were squashed. Big business, big government, university elites,Wall Street, the political class and bureaucrats were joined by the press to bring back the status quo that existed before Trump. Most people prefer a good job over public assistance but those jobs will be going overseas and thus more will be dependent on government and that is just the way those in power want it.

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