I'm a little disappointed that only one poster so far seems to see the trend I see. I consider myself one of the lucky ones, I've come close to making it to the 1%, and I started with nothing. That truly is the realization of the American Dream. Virtually everyone I knew throughout my life had the OPPORTUNITY to get where I have.
But not now. My kids have scraped through, thank goodness, got college educations and good jobs in education and a pension to look forward to someday. They are doing ok because they didn't pile up college debt or credit card debt since then. They escaped the greedy investor fueled recession without losing their homes. But many of my kids good, well-bred, solid middle class friends are in financial crisis. The don't have any of the assets my kids do, except their educations. They are strapped with debt or lost their house or have declared bankruptcy. And most of those are the ones who have a job!
What I'm saying is that OPPORTUNITY is vanishing for the coming generations. I could give dozens of examples and a bunch of reasons for it, but it is REAL. As wealth continues to be cornered by a few, the growing remainder become frustrated. Historically that frustration breeds groups like the 3 percenters, and ultimately, revolutionary change. It has happened over and over again, and is happening in our world as we sit here and watch the flowers grow.
It's just fine to say "Wealth is good, go out and earn yours", but for millions of Americans, that is essentially becoming impossible.
|