The cure will be to increase the median wage, and to stop the transfer of the national income to fewer and fewer hands. For that is how the system is set up today. It is not the result of 'free markets' but a sustained transfer of wealth through regulatory and tax policies, and a pernicious corruption of the nation most significantly starting in 1980, although a case has been made for 1913.
- Jesse
The Industrial Revolution upset the old established order, putting money into the hands of hoi polloi.
ReplyDeleteThe banking system, and pension funds, have now allowed that money to flow back where it 'rightfully belongs'.