Wealth Redistribution seems to draw a bit more (but not too much more) attention when done by the Obama Administration through social spending upon specified ‘victim’ groups. Obamacare is but the latest major instance, while new immigration decrees (or ‘executive orders’) serve the same goals at lesser cost. The perennial joker in this remains the tacit fact that the cost impacts not the wealthy as claimed, but the erstwhile middle class. The poor have no money to take; the truly wealthy are armored in lawyers and lobbyists. The real money has been taken from the middle.
Another culprit is the Congress; the rules empowering corporate stockholders have altered quietly over time, emasculating the shareholders and exalting the directors. A review of CEO pay over recent decades lends wonderful clarity; the pay rocked along at a multiple of worker pay, then not long ago, shot up like a rocket. CRO pay history will show the change.
What these show inescapably is that middle class impoverishment has resulted from government policy. Further, much of the wealth conscripted from the middle has gone not to the poor, but to the wealthy. CEO pay is one example; professional athletes, actors and less generously, government workers have reaped benefits.
We’re presently informed that Obamacare costs some $50,000 for every American with health insurance and that this unsustainable expense results in a ‘tax’ collected by the IRS from roughly, one third of taxpayers. Yeah, and the really wealthy are famously called what, these days? The “1%,” right? Not the 33.3%.
There is an ancient saying illustrative of what is going on in America (and Europe as well); it goes: “The rich get richer while the poor get poorer.” What that bit of folk wisdom leaves out is, that it is a result of government policy. A government that to date, voters still select for themselves, or at least it has that appearance. We wonder at the average I.Q. of said voters. Our politicians don’t wonder; they are assured that they know.
Best practice tugging your forelock when His Lordship rides by …