If you wanted to destroy the middle class, one way that you could accomplish that goal would be to flood the system with money.
Of course that is precisely what we have witnessed over the past few years. Our leaders have pumped trillions of new dollars into the system, and the wealthy have gotten much, much wealthier. But meanwhile, the rest of us have seen the cost of living rise much faster than our paychecks have. As a result, we are getting poorer and the middle class is shrinking.
Over time, our capitalist economy has steadily evolved into a system where almost all of the wealth and almost all of the power are concentrated in the hands of giant institutions.
Collectively, big government and big corporations run virtually everything, and this system of “corporate socialism” funnels tremendous amount of wealth into the pockets of a very small minority of the population.
If you are in that club, life is good.
But if you are not in that club, life can be a struggle.
The gap between the rich and the poor has steadily grown, and now it is larger than it has ever been before. Even U.S. Senator Bernie Sanders acknowledges that we have a massive problem on our hands…
Today, half of our people are living paycheck to paycheck, 500,000 of the very poorest among us are homeless, millions are worried about evictions, 92 million are uninsured or underinsured, and families all across the country are worried about how they are going to feed their kids. Today, an entire generation of young people carry an outrageous level of student debt and face the reality that their standard of living will be lower than their parents’. And, most obscenely, low-income Americans now have a life expectancy that is about 15 years lower than the wealthy. Poverty in America has become a death sentence.
Meanwhile, the people on top have never had it so good. The top 1% now own more wealth than the bottom 92%, and the 50 wealthiest Americans own more wealth than the bottom half of American society – 165 million people.
Of course Sanders believes that even more socialism is the answer, but more socialism is never the answer.
Centralizing wealth and power leads to widespread poverty.
That is one way the LIBERAL / COMMUNIST / SOCIALIST / CHINA does to control the people
This is what 40 years of “Trickle Down Economics” does. Wealth inequality gets greater and greater every year, and the poor and middle class are still waiting for that wealth to trickle down. In reality, it’s sitting in some billionaire’s off-shore bank account in the Caymans to avoid paying taxes on it.