The guy is an idiot.
The “inequity” of the Roaring Twenties was greater than today.
On big difference though is that the little guy of the twenties could see that that kind of wealth could be his. Today the big government has for the most part frozen the little guy out by passing some many laws and regulations that the little guy can not possibly navigate those laws and achieve success.
Reduce the regulatory load on small business and cut taxes and watch economic growth explode. The number of millionaires would rocket. Unemployment numbers would plummet.
Income inequality is of no importance. It is opportunity inequality that matters.
The government is throwing up road blocks to success for the low income guy trying to start his own business. Get government out of his way and he won’t care what Donald Trump is doing unless he wants to know how he made his millions.
I remember 20 to 30 years ago when the most popular books were books by millionaires on how they made their millions. Give a guy a fighting chance to start his own business and he will keep starting businesses until he is successful.
I don't think so! IMHO, people just don't appreciate the generalized spread of wealth we have today. All the stuff that can be had by those with the most modest means that was undreamt of even thirty years ago ... for how primitive were the eighties? Then what about the twenties and the thirties? You had kids growing up learning how to amuse themselves with paper clips and thimbles. Now, $40 toys blow through the lives of toddlers like so many dry leaves.
I have to think of Dostoyesvsky, "I believe in it, I answer for it, for the whole work of man really seems to consist in nothing but proving to himself every minute that he is a man and not a piano-key!"
QFT and well stated, too!!
“Income inequality is of no importance. It is opportunity inequality that matters.”
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Amen, brother and that is the KILLER. When people were settling a new wilderness here opportunity was as equal as it can ever be. Now it is anything BUT equal and I’m not talking about the same thing as the race hustlers, I am speaking of something much different.