Originally Posted by
Idaho
As time progresses, wealth is being concentrated into the hands of fewer and fewer people. 50 years ago, being rich meant earning 20 times the average wage. You had a few cars, big house, great holidays. Your kids went to an expensive school. You owned a yacht, etc. You had a bit more influence, but no great power over elected officials. On the flip side, most people had a job that paid ok, and they had some collective bargaining power in the workplace, they had healthcare, and their wages were increasing most years.
Now being rich is earning 300 times the average wage. You can do all of the above x 1,000. You pay less tax, you have channels into the centres of power. Large numbers of people don't have a job, most don't have healthcare, and those who are working have seen their living standards decline over 20 years.
Americans seem to act as if these facts are abstract and removed from the reality that people are now much lazier and just want free tvs.