The Rich Get Richer

A Sunday and I feel like the idle rich……sitting in my garden sipping wine….eating cheese and nuts and fruit…..and enjoying the day without a care……

I try to make IST an entertaining blog and a little FYI thrown in……

Today I want to try and explain the saying “the rich get richer and the poor get poorer”……..this article in VOX will help one understand what is happening here in the US…..

Something massive and important has happened in the United States over the past 50 years: Economic wealth has become increasingly concentrated among a small group of ultra-wealthy Americans.

You can read lengthy books on this subject, like economist Thomas Piketty’s recent best-seller, Capital in the Twenty-First Century(the book runs 696 pages and weighs in at 2.5 pounds). You can see references to this in the campaigns of major political candidates this cycle, who talk repeatedly about how something has gone very wrong in America.

Donald Trump’s motto is to make America great again, while Bernie Sanders’s campaign focused on reducing income inequality. And there’s a reason this message is resonating with voters:

It’s grounded in 50 years of reality.

https://getpocket.com/explore/item/this-cartoon-explains-how-the-rich-got-rich-and-the-poor-got-poor

This article tells the tale that few can grasp……to massage the rich then the poor must pay…it is that simple and to pretend anything other is a LIE!

There are so many people that cannot grasp just how this system works….hopefully this will help in some small way…..

A new Congress and a Congresswoman has proposed, AOC, a 70% rate of the uber rich…..I have NO problem with that…..will not fly because most of those in our Congress are uber rich…..they will not vote to tax themselves….I give her an “A” for the try…..but disappointment waits.

And now the old professor will just sit and smile at the day…..I found an excellent Malbec from Argentina…..

May you be well and safe…….chuq

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5 thoughts on “The Rich Get Richer

  1. Enjoy your wine and nuts, chuq.
    The rich will continue to get richer at the expense of the workers.
    Until the revolution comes of course. 🙂
    Best wishes, Pete.

  2. Just finished a book n the same subject. The Rich Don’t Always Win by Sam Pizzigati.
    He starts back in the 1890s. He talks about the decline of the plutocrats in mid century and then the lie reemergence in the last few decades.

    Nice sunny day today. Engoying my cup of coffee.

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