A constant refrain of the Republican party is that liberals are redistributing the wealth of America by giving too much to the poor while damaging the interests of wealthy folk. One can not watch Fox News without encountering the famous argument that America is witnessing a serious assault on the wealthy people of this nation by lazy, union led liberals. Ironically, the same argument was used in the early 1900s, and during the Depression. Of course, for Republicans along came St. Ronald who ended this class war and halted redistribution of the wealth. Let us examine the record:
1. Ronald Reagan inherited a national debt of about $3 Trillion and left office with a national debt close to $5 Trillion.
2. When St. Ron assumed office, the top 1% of Americans obtained 10 percent of the wealth.
3. When Barack Obama assumed office, the top 1% of Americans obtained 22.4 % of the wealth.
In other words, there has been a massive redistribution of wealth from the middle class to the upper class. Today, the top 20% of Americans control 80% of all wealth in the country. The middle class today is worse off than it was in 1980 when St. Ron took office. A central question for this nation is whether the current distribution of wealth will allow us to have a vibrant economy producing middle class jobs and enabling middle class people to purchase homes and have a comfortable retirement.
Naturally, lost in this distribution process is what happens to the poor. Frankly, they are screwed and this nation will not do anything to makes their lives ones marked by respect for their dignity as humans.
Will Americans ever wake up to losing their nation to the wealthy?