Given that compassionate Progressives have run U.S. big cites, most states and the Federal government most of the time since the early 1930’s, how is it that:
- S. median household income is in continued decline?
- So many more people have had to go to work to support the middle class?
- So much less income now goes to the middle class and so much more to wealthy folk?
Some say that the increased share of Gross Domestic Product (GDP) taken by Federal taxes may have something to do with it. Obviously, government spending benefits its recipient, but it also inevitably weakens the sources of the money. You can’t “Spend yourself rich” as realists pointed out during the Great Depression’s Roosevelt New Deal programs. At least, there’s no historical record of that succeeding as yet. (We’re recalling economic history, not what they teach kids in public schools.)
Still, President Trump wants to increase military spending by $54 billion, ‘stimulate’ the economy with some $1 trillion in infrastructure spending … and cut taxes big time while doing all that. Republican Trump seems to be channeling Democrat Franklin D. Roosevelt.
As we never tire of pointing out, such ‘stimulus’ resembles a blood transfusion to a needy patient, using blood first drained from said patient.
Meantime, the middle class continues to disappear into the proletariat, the money continues to disappear into the hands of the well-to-do and the politicians call the dogs of war from North Korea, Syria and anywhere else they can find them in order to distract us from economic reality, with the avid cooperation of the erstwhile “news” media. Or so it seems to us; feel free to argue …