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What History Tells Us About the Feel-Bad Economy
(www.nytimes.com)
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this post was submitted on 10 Nov 2023
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Politics
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Wages at the bottom end of the scale haven't been ok since Reagan decided to break things. Biden hasn't managed to fix this; he was the moderate candidate who wasn't willing to break the billionaires. And even if he had been, at no time during his Presidency have we had a Congress which was willing to go back to taxing the wealthiest at rates high enough to redistribute wealth back down the ladder.
The answer to that is under no circumstances to go choose somebody in a party whose core promise is to transfer even more wealth to the richest.