The meme right here from a reader.
These actually are 5 glorious sentences–for individuals who don’t have any understanding of how the developed world turned developed, and the way the USA turned the world’s super-power following the shut of the Second World Conflict.
Excessive marginal tax charges on the wealthiest People and the firms they management created an enormous, well-educated, extraordinarily productive and affluent center class.
Most of that’s gone now. 40+ years of trickle-down economics has left the billionaire class with unprecedented wealth, and commonest People dwelling paycheck to paycheck.
This illness is nearly completely absent in the remainder of the First World. It has nearly no bearing on how individuals reside in Europe, Scandinavia, Japan, Oceana, and the opposite most prosperous international locations dotted across the the rest of the globe.
