[Rant]
I was am a Baby Boomer, I was born after my father got home from overseas.
My formative days were the fifties and sixties the time when the U.S. had our largest growth spurt and then the bubble burst. (We will get to why latter on.)
My father worked and my mother stayed home, it was enough to buy a house and two cars. When we moved in, in the summer of 55 there were only about six or seven homes on the street, within a couple of years the neighborhood fulled up.
The fathers worked while the mothers took care of the children. There were boats parked in the driveways, some neighbors had cottages, food was cheap, oil was cheap, and the workers were paid a living wage. You could pay for colleges and universities with a summer job.
The top income tax bracket for those years never dipping below 70 percent!
Consider accord to PubMed the National Institute of Health website reported:
Consider that the unemployment rate was 4.2% in 1955, and in 2021 it was 3.9%, unemployment has been pretty constant over the years, with a spike in 2009 & 2010.
Consider the wage gap,
So where did we make a right-turn?
You can blame it on a former union president who served for six terms as president of the organized labor group, the Screen Actors Guild. And he is quoted as saying, union membership “One of the most elemental human rights.” He later said, “The Polish government has trampled underfoot to the UN Charter and Helsinki accords. It has even broken the Gdańsk Agreement of 1980 by which the Polish government recognized the basic right of free trade unions and to strike.”
Any guesses?
Well President Ronald Reagan went on to bust the unions. Since then the Republican party went on to pass the “Right Work” laws that busted the unions!
From then on wages remained stagnant. The average wage was $23.34 then and now! While millionaires became billionaires! There are roughly 165 million workers and about 400 billionaires, suppose around 0.1 percent of the refrigerators need to be replaced how many are need to replace the worker’s refrigerators that is 165,000 new refrigerators! Suppose around 0.1 percent of the billionaires refrigerators break down that is 0.4 refrigerators! Who do you think supports the economy more?
My answer is to bring back the tax brackets of the 50s and 60s! If the billionaires don’t wan to pay all that taxes, the solution is simple… pay the employees more!
I also bring back the Estate Tax! End the dynasties! How many billions will Elon Musk and Mark Zuckerberg children inherit?
I was am a Baby Boomer, I was born after my father got home from overseas.
My formative days were the fifties and sixties the time when the U.S. had our largest growth spurt and then the bubble burst. (We will get to why latter on.)
My father worked and my mother stayed home, it was enough to buy a house and two cars. When we moved in, in the summer of 55 there were only about six or seven homes on the street, within a couple of years the neighborhood fulled up.
The fathers worked while the mothers took care of the children. There were boats parked in the driveways, some neighbors had cottages, food was cheap, oil was cheap, and the workers were paid a living wage. You could pay for colleges and universities with a summer job.
The top income tax bracket for those years never dipping below 70 percent!
Consider accord to PubMed the National Institute of Health website reported:
In the 1950s and 1960s homelessness declined to the point that researchers were predicting its virtual disappearance in the 1970s. Instead, in the 1980s, homelessness increased rapidly and drastically changed in composition. The "old homeless" of the 1950s were mainly old men living in cheap hotels on skid rows. The new homeless were much younger, more likely to be minority group members, suffering from greater poverty, and with access to poorer sleeping quarters. In addition, homeless women and families appeared in significant numbers. However, there were also points of similarity, especially high levels of mental illness and substance abuse.
Consider the wage gap,
According to the World Economic Forum in the early 70s, the average wage was $23.34 and now the average wage in 2019 was $23.24!American CEOs make 351 times more than workers. In 1965 it was 15 to one
Rather than address stagnant wages for hourly workers and yawning inequality, corporations are blaming a ‘labor shortage’
The Guardian
By Indigo Olivier
August 17, 2022Last week, the Economic Policy Institute, a nonpartisan thinktank, released a report on the increasing pay gap between chief executives and workers. This research tells a familiar story with updated figures. When taking into account stocks, which now make up more than 80% of the average CEO’s compensation package, the report found that chief-executive pay has risen by an astounding 1,322% since 1978. That’s more than six times more than the top 0.1% of wage earners and more than 73 times higher than the growth of the typical worker’s pay, which grew by only 18% in the same time period. Most remarkable, however, is the 18.9% increase in CEO compensation between 2019 and 2020 alone.
So where did we make a right-turn?
You can blame it on a former union president who served for six terms as president of the organized labor group, the Screen Actors Guild. And he is quoted as saying, union membership “One of the most elemental human rights.” He later said, “The Polish government has trampled underfoot to the UN Charter and Helsinki accords. It has even broken the Gdańsk Agreement of 1980 by which the Polish government recognized the basic right of free trade unions and to strike.”
Any guesses?
Well President Ronald Reagan went on to bust the unions. Since then the Republican party went on to pass the “Right Work” laws that busted the unions!
From then on wages remained stagnant. The average wage was $23.34 then and now! While millionaires became billionaires! There are roughly 165 million workers and about 400 billionaires, suppose around 0.1 percent of the refrigerators need to be replaced how many are need to replace the worker’s refrigerators that is 165,000 new refrigerators! Suppose around 0.1 percent of the billionaires refrigerators break down that is 0.4 refrigerators! Who do you think supports the economy more?
My answer is to bring back the tax brackets of the 50s and 60s! If the billionaires don’t wan to pay all that taxes, the solution is simple… pay the employees more!
I also bring back the Estate Tax! End the dynasties! How many billions will Elon Musk and Mark Zuckerberg children inherit?
Maybe, just maybe workers will wake up and realize that unions are not bad at all, maybe there is something joining a union.
So what does this have to do with Indigenous Peoples' Day? Absolutely nothing.
[/Rant]
[/Rant]
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