I tend to agree with you but all the "moderate" "normal" Republicans that used to vote for up until 10 years ago is what got you that and the Democrats you vote for now definitely get you that. At least what we have now is trying to throw a wrench in the system, it may not be perfect to your liking but at least something's trying to move.
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Misc This Means WAR
- Thread starter Rain Cold
- Start date
No one enforces anti trust laws anymore
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Downeastnc
Member
And as long as this is this is the attitude then it wont change, I am pretty sure every middle class worker out there right now would love 2 more dollars a hr. and if that means the millionaire CEO only gets 5 million in bonuses instead of 20 I can live with it and so can they.
I remember it was a huge deal when we got cable with only 27 channels
Downeastnc
Member
Companies making money isnt the problem its what they do with that profit that is the problem...they raise prices of their goods, but dont raise wages and benefits for their employees , who are seen as a cost to be cut in order to help increase their margins and profits...then that profits mostly goes to the top 10% of earners in the country. Folks are getting pretty pissed off that all the goods they need to buy are going up and their wages are not.
And when that two dollars an hour causes inflation that zaps it, what then? Who are we taxing at that point?
Unless our entire outloook and attitude changes, its nothing but a forever spiral. If we are to tax the rich, we had better do it when it actually changes something because pulling that prize egg too soon leaves us screwed.
So I heard why Latino vote is back to Clinton levels for Democrats is due to mass deportations.
Downeastnc
Member
No one can convince me that paying a livable wage is going to drive inflation up, hell we did it for DECADES why all of a sudden is it a thing, 10-15 years ago I was able to go on vacations all the time, buy new cars whenever I wanted, now I make considerably more money and cant do those things as easily. Why was it possible to pay a living wage then but not now....the answer is simple corporate greed, the profit now goes to the shareholders and executives, and it is destroying the middle class, in another few decades you are going to have the top 10 or so percent of Americans controlling 90% of the wealth while everyone else struggles. The top 10% owns 93% of all privately owned stocks in this country, thats why they put shareholders over workers, they are paying the profits to themselves cause having millions or even billions of dollars isnt enough anymore I guess.
- The Top 1%: Controls roughly 30% to 32.5% of the total wealth in the United States, which is nearly equivalent to the wealth held by the entire bottom 90% of the population. [1, 2, 3]
- The Top 10%: Owns roughly 60% to 70% (and up to two-thirds of collective net worth), while controlling about 93% of all stocks. [1, 2, 3]
- The Bottom 50%: Holds a mere 2% to 2.5% of the nation's total wealth.
Maybe because those years were red herrings and enigmas in the course of human history where the stars aligned for only a short time? Maybe in that time period you were more well off compared to others through circumstances and inflation from the catch up factor caught you.
I mean heck, I'm sure the government probably thinks the same thing with the absolutely ridiculous bloat and increase in debt.
Downeastnc
Member
In the 80's the middle class had about 35% of the national wealth, now the middle class has 8%....know what else has changed since the 80's...
Corporate Profits Growth: U.S. corporate profits (after tax) have surged from roughly $150–$300 billion per quarter in the 1980s (e.g.around $154 billion in late 1980) to over $3.8 trillion to $4.2 trillion annually/quarterly in 2026 (reaching historic highs of over $5 trillion before tax). Overall, corporate profit growth has vastly outpaced cumulative inflation, growing at an annual rate of roughly 7% to 8% post-1989 compared to slower nominal GDP and wage growth. [1, 2, 3, 4, 5]
Inflation Comparison: While cumulative consumer price inflation has roughly tripled or quadrupled since 1980 (with average annual inflation hovering around 2.5% to 3% over long horizons, punctuated by specific spikes like the early 1980s and 2021–2022), corporate profits have multiplied more than tenfold in nominal terms and roughly doubled as a share of U.S. GDP (climbing past 13%–14% of GDP). [1, 2, 3, 4, 5, 6, 7]
Share of Economy: Unlike wages—which have seen a declining share of total GDP since 1990 (slipping from about 66% to under 62%)—corporate profits and profit margins have expanded to record levels, meaning corporations have captured a disproportionately larger slice of economic growth than general inflation would imply.
And also the 70's and 80's were when women really entered the workforce, rapidly increasing family wages, likely boosting demand and then eventual inflation. Its very possible that the 80's were just the peak of the wage/inflation pyramid where all the stars aligned.
There’s a choice in that equation!
Shaggy
Member
What's the choice going from company A that pays $15 to company B that pays $15.10