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Octafish

(55,745 posts)

2. No, they bought government and have been harvesting the returns on their investment.

Reply to cthulu2016 (Original post)

Sun Jan 15, 2012, 12:54 PM

Jan 2012

Master of Trickle Down Pruneface and his descendunces in the Oval Office did their bidding in the form of tax breaks for the rich and increased spending on the very industries they owned. Budget deficits ballooned, the rich, again, cashed in by owning the bonds Uncle Sam pays interest on. So, over the last 32 years, they made out like bandits. The rest of the nation became the mopes.

Even David Stockman noticed at the time.

He brought up how most of the wealth in human history has been created since 1980. Guess who got the lion's share of that?

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The rich must have started working much harder in 1980 [View all] cthulu2016 Jan 2012 OP

Aha....1980. Year of King Ronnie's election. The year the rot began... n/t Peregrine Took Jan 2012 #1

No, they bought government and have been harvesting the returns on their investment. Octafish Jan 2012 #2

Well, in hours worked per week, it's actually true mainer Jan 2012 #3

two points cthulu2016 Jan 2012 #4

And there's also a big difference between working for yourself and working for a boss mainer Jan 2012 #6

Very true. cthulu2016 Jan 2012 #7

Reagan: an actor trained like a monkey to lie da_decider Jan 2012 #5

Death of Unions Is The Reason for the Wage Gap Yavin4 Jan 2012 #8

Yes. (And unions were a prime driver of inflation.) cthulu2016 Jan 2012 #9

We Have Inflation (in some cases HyperInflation) with Flat Wages Yavin4 Jan 2012 #10

That's partially, but not entirely true cthulu2016 Jan 2012 #11