I think we can say that about the US right now. Exploding wealth inequality is a helluva thing...
A worse “helluva thing” is in places where inequality and economic disparity are the worst, the elected leaders are clueless about how to fix the problems. California, Illinois, New York and the largest cities in those states caused the problems and now they only make things worse.
There are reasons why the South leads a resurgence in economic development and education and social improvement, reasons that leadership of the once great cities of the north don’t or can’t, understand. The result is the job generating business are moving away.
I don't disagree that big blue cities are a big part of the problem but Florida, Georgia, and some of the poorer Southern states are too. Texas will be there soon. It's a US problem. Wherever the economy booms, the wealth gap increases dramatically. For instance, NY is shipping it's gap to FL as rich folks move there. We've got a structural issue. We need a growing middle class. And I say that as a free market guy.
I think we can say that about the US right now. Exploding wealth inequality is a helluva thing...
A worse “helluva thing” is in places where inequality and economic disparity are the worst, the elected leaders are clueless about how to fix the problems. California, Illinois, New York and the largest cities in those states caused the problems and now they only make things worse.
There are reasons why the South leads a resurgence in economic development and education and social improvement, reasons that leadership of the once great cities of the north don’t or can’t, understand. The result is the job generating business are moving away.
I don't disagree that big blue cities are a big part of the problem but Florida, Georgia, and some of the poorer Southern states are too. Texas will be there soon. It's a US problem. Wherever the economy booms, the wealth gap increases dramatically. For instance, NY is shipping it's gap to FL as rich folks move there. We've got a structural issue. We need a growing middle class. And I say that as a free market guy.
Who pushed all the rich people to FL eroding NYs tax base?
@ricardo-estaban-kincaid couldn't agree more. i grew up in a great neighborhood in a great house. i went to private catholic school. we had two new cars. my mom stayed home and my dad drove a dump truck
now the house i grew up in is owned by two lawyers with no kids
A wealth gap as a stand alone issue isn’t a big deal. If the gap exists because unfair labor practice, there is a problem. In general though I think the wealth gap is a result of a myriad of causes some of which have their own policy benefits.
Can't wait for more discussions about eliminating the Electoral College.
#weareallNYnow
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB
@co-hoosier the optics are bad tho and magnified with social media. when people are struggling to fill their tank and put food on the table and you're being blasted with the lives of billionaires and hear one guy is worth a trillion resentment kicks in adn people barking for socialism sound more appealing
@co-hoosier the wealth gap is a real issue that needs to be addressed. So long as the uber wealthy can thrive on capital growth (and lower resultant taxes) while the rest of labor is struggling to make ends meet, we are one step closer to French Revolution here.
the wealth gap is a real issue that needs to be addressed. So long as the uber wealthy can thrive on capital growth (and lower resultant taxes) while the rest of labor is struggling to make ends meet, we are one step closer to French Revolution here.
Part of the widening wealth gap comes from the national debt and monetizing it The wealth gap is a bottom up issue, not top down
I agree we need to improve a number of institutions to permit ordinary people to live a good life. Chief among those is education. Public education in many localities is a disgrace.
Christian Nationalism vs. Democratic Socialism. Which is scarier?
Within the Christian Nationalists, we have to include a bit of fascism for this to be fair. And the version of Democratic Socialists we are talking about are the ones today, who hold third-world anti-colonialism and "anti-racism" as the backbone of their ideology rather than Marx's class dynamic and see no problem with religion, apparently, as long as it is Islam.
Tough call. Both want to change the USA into something I don't want to see. But I think I'd rather live in a nation governed by the former, since I am a white male.
@ricardo-estaban-kincaid couldn't agree more. i grew up in a great neighborhood in a great house. i went to private catholic school. we had two new cars. my mom stayed home and my dad drove a dump truck
now the house i grew up in is owned by two lawyers with no kids
You're not paying for that one though, right?
the optics are bad tho and magnified with social media. when people are struggling to fill their tank and put food on the table and you're being blasted with the lives of billionaires and hear one guy is worth a trillion resentment kicks in adn people barking for socialism sound more appealing
That’s true, but these optics dont come just those who struggle to buy gas. Hate and envy plays a role and that is often manufactured.
@bradstevens of course the former is better but it’s not because of being a white male. The former continues a meritocracy while the latter destroys it and we enter our inevitable immolation.
but agreed, both are unacceptable.
A wealth gap as a stand alone issue isn’t a big deal. If the gap exists because unfair labor practice, there is a problem. In general though I think the wealth gap is a result of a myriad of causes some of which have their own policy benefits.
It's an issue, but the anecdote to the problem will be worse as socialists get voted into office. The cause of it is the fiat system, central banks, and too much government. Of course none of those 3 things will get fixed.