The more that governments control the wealth, the more wealth concentrates at the top. People still haven’t figured out the connection.
Its just a mystery. Who can explain it.
Government control doesn’t make the wealth. It takes wealth from the individual for the state. People in the US have the most wealth because our system allowed capitalism and the creation of wealth. We are now being socialized and the progressives are taking the private wealth to make things ‘fair’.
All one has to do is open eyes, observe and let the God given brain do it’s job.
Observe Singapore. When British left the colony, it’s citizens were largely poor. A mix of Chinese, Indians and some Arabs. Then they eliminated all welfare! Working age adults get no food stamps. If you do not work, you starve.
Result? Every sixth citizen is a millionaire. That is lot more than 1%, closer to 17% of citizens are millionaires.
Is anybody paying attention? Or we are going to continue distributing from those who work hard to those who hardly work?
Exactly. The Progressive income tax and overregulation have made real class mobility very difficult.
Has it ever been any different? Go back 1000 years in Europe. Serfs, bound to their lords made up 99% of the population. All of the wealth was held by the nobility or the church.
At the time of the American Revolution most of the wealth was held by a few New England and NY merchants and a few big southern plantation owners. Most of the population, slave or free lived in squalor.
Go back 100 years ago. Most average citizens were workers in cities or independent farmers living hand to mouth. Wealth was concentrated in the hands of a few wealthy industrialists — Rockefeller, JP Morgan for example. In the cities and towns of the U.S. the local factory owner, mill owner, or merchant might have some wealth but the average worker or farmer still lived hand to mouth though at a higher standard than at the time of the Revolution.
Today’s socialists refuse to admit that in the modern day developed world the poorest people enjoy a lifestyle the wealthiest man in the world 100 years ago could not access. Thanks to technology poor people live in homes with running water, heat, cooling, electricity, television, computers, the Internet. They have immediate access to life extending medical care that did not exist in 1915. They carry digital phones enabling them to communicate to 3 to 4 billion individual around the planet at virtually no cost. They can take advantage of free education both in the schools or accessible directly through the Internet. They have access to transportation systems that can take them to almost any place on the planet within 2 days. Most in the U.S. own at least one automobile. They have a multitude of life choices inconceivable to the poorest and wealthiest people a century ago. Plus the option of not working and allowing society to provide for basic needs at a level unimaginable by the poor at any other time in history. The welfare recipient paying for her groceries with a government provided debit card can buy grapes from Chile, bananas from Central America, beef from Argentina while taking on a government provided smartphone that has more computing power than existed on the planet 100 years ago.
Socialists are winning the political wars by promoting class envy at a time when the poor people of the United States enjoy a lifestyle unimaginable by 90 % of the people on the planet today. The real question for the poor in the U.S. is would you prefer to live at your station in life anywhere else in the world? Given how the world’s poor are streaming into the country, and the complaining poor are not emigrating, the answer is obvious.