General Discussion
In reply to the discussion: The economy isn't working for many people. It's paycheck to paycheck for many families, especially young families. [View all]Celerity
(54,333 posts)taxes as you were already in the highest bracket. This was a few years ago.
If you are in the highest tax bracket, I would wager you are well off.
Now, of course that all could have changed since that post, and if I indeed am confusing you with someone else, I apologise.
And yes, I do blame globalism (and deregulation) to some degree for the issues. Bill Clinton gets some of the blame there (obviously the Rethugs get more blame, but Clinton was all on board with NAFTA, for instance), plus his disastrous deregulation pushes (Telecom Act of 1996 (that led to the rise of Fox News and RW radio/local telly dominance), the 1999 repeal of the core of GlassSteagall (allowing thrift banks to co-mingle funds into ultra high risk speculative investments), and the odious Commodities and Futures Modernization Act of 2000, which re-legalised many forms of long banned (since FDR days) derivatives, ie what Buffett called weapons of financial mass destruction).
Those last 2 things were foundational to various degrees in causing and/or intensifying the 2007-2009 global finaancial crisis.