re: #28 Feline Fearless Leader

re: #32 Dr Lizardo

The ‘everyone else was beat to shit’ point has merit, but I’d respond by observing that our economy, with a few hiccups, continued to grow at a pretty good clip, but that since 1980, instead of the gains being shared among all levels of society as they were from 1946 till then, those gains have increasingly gone to an increasingly small percentage of society.

If we were still distributing income and wealth as we did in the postwar era, the folks who see their paychecks stagnating or declining would not have needed to borrow money to continue spending at the rate they did.

Right now, wages as a percentage of GDP are at an all time low, while profits as a percent of GDP are at an all time high. The money is still there, it’s just going to fewer and fewer people. The crazy thing is, that distribution of wealth and income is one of the key features of ‘The America I Grew Up In’ that wingnuts claim is being destroyed. And yet, they are the ones pushing it toward even less equitable distribution.