General Discussion
In reply to the discussion: Why are you so *angry*, Manny? [View all]TBF
(35,773 posts)That's for sure. I blame capitalism.
If y'all want to save it the answer is simple. From roughly 1930-80 we had something called tax and regulation - and they really did it. They taxed high earners and companies and they broke up monopolies (anyone remember Ma Bell). We had manufacturing jobs (this was pre-NAFTA) and folks were able to at least make what their parents did or even better themselves. The capital gains tax was equal to any other earnings and taxed the same - this is important and should be reinstated (it has been cut by every administration since 1980 AFAIK).
So, that is a model that had some success until the very wealthy decided they were sick of it. Personally I don't really want to save the system, but for folks who want to do it that's your answer.