Quote:
Originally Posted by jimjamuser
The "good old days" had one advantage - the wealth gap was decreasing!
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The wealth gap? My personal truth. My dad was an injured WWII COMBAT vet. He served two tours of combat duty. Poor? We lived in a city housing project. My dad worked hard
and increased his income. I have first hand knowledge of what poor is. Today, people who are not working demand to live better than my family did.
As stated, today our poor, live far better than I did. Wealth gap? The poor have improved their living conditions. The wealthy have also gotten wealthier. What we called the robber barons, actually had greater wealth than the top 1% does today.
A major reason is the income tax and the inheritance tax. Roosevelt, (FDR) the creator of our current big government, actually inherited his huge wealth.
What I have, I EARNED. I inherited a little almost enough to pay the taxes some think I pay too little. My view, all should experience poverty. I gave me unique view. You can
earn your way out of poverty so long as you decide failure is not an option.