Quote:
Originally Posted by opendoor
Uhhh, yeah? Are you serious? I honestly can't tell. I hope you're not so naive to think that governments being basically bought by moneyed interests is some new thing. Why do you think rich people spend billions of dollars on campaign contributions and lobbying?
Do you think it's an accident that in the 30 years before COVID that the wealth of the top 0.1% in the US (basically people worth $50M+) increased at a rate that's about 3x as fast as the bottom 90%? Basically our entire economic system is designed to favor those with capital and to funnel wealth to them. That naturally leads to those with less capital (middle and working classes) falling behind. Asset prices get driven up and governments run huge deficits to keep tax rates artificially low. Then when that becomes untenable, governments enact austerity policies that primarily hurt the working class.
|
I agree that there is a serious wealth gap in NA, which should be addressed, and preventing loopholes and increasing taxes on the super wealthy is probably required. However, most people have to save a fair amount of capital these days just to have a decent retirement. And being able to grow that capital along the way, without taking on too much risk, is important.
I believe, under the Liberals, we have become far too dependent on our Government to solve all our problems. IMO we have to find ways to get our Country back to work by taking advantage of what we have been blessed with.