Some pundits speculate that Old BS did so well in Iowa and NH because he emphasized inequality more than any other issue. If that is true, it’s quite scary in my view. Do American voters truly believe everyone should be equal and that government (mostly via higher taxes on some Americans) is the vehicle to accomplish that? If so, it appears this Country is heading over the precipice.
That’s not because of the call for democratic socialism per se, but because of the change in attitude of too many (young) Americans about hard work, personal responsibility and all that goes with traveling the long road to success as far as you want to go. Getting to the top never was getting a job, staying in it and hoping an annual raise made you comfortable. While we have redefined “comfortable,” achieving success of the type we are encouraged to envy today has not changed.
If you are in the Sanders camp, exactly what do you expect his brand of government and taxation to do for you? Do you believe only rich people will be taxed more? Do you see the definition of equality including more and more government programs that support your standard of living? Or, are you simply mad that some Americans have a lot more than you do?
We hear over and over about the growth in wealth of some Americans over the last decade. Most of that growth has come from investment assets and that growth was available to every American with an IRA or 401k plan. I know average Americans can’t afford to save and invest; that simply is not true except for the lowest income individuals most of whom are receiving public assistance in some way.
Clearly there is more to incomes and wealth than the stock market. The global nature of our economy, changing jobs, technology and more are factors as well. Ask your favorite candidate what they propose to do about the real factors.