Your point that unemployment before 1970 was rarely more than four percent is exactly right! This little-known fact provides a wonderful endorsement for a shift to more laissez faire/free market policies. For most of this low unemployment period period, the U.S. had no income taxes or a minimal income tax prior to the 1940s, no mimimum wage laws, and and very mimimal federal regulations on business. For the first 40 years of this period, the U.S. had no central bank and extremely lax anti-trust laws If you are endorsing a return (indeed acceleration of) to those policies, we have no disagreement. Are you?
The rise in unemployment in the last few decades has nothing to do with a undefined glob called "the rich" and everything to do with the rise of the warfare/welfare state. If you want to solve this problem through playing the game of class welfare (which has produced some terrible horrors during the twentieth century), you are barking up the wrong tree.
I'm agitating for the government to lift the terrible burdens on our economy that they've placed on it. It is these terrible burdens that have damaged the americans. The rich people are not harmed by these burdens, but they are the ones who have imposed them. I didn't start the class warfare, they did.
I'd prefer to go to the gold standard because I don't trust the fiat money. I'd prefer that american manufacturers who have such a long list of gripes about unreasonable regulations be heeded. I'd prefer that our trade policy be such that our congress passes laws and our president follows them. These laws should instruct that we have low or nonexistent tariffs with all nations who buy from us approximately the same quantity of goods and services every year as we buy from them. But nations that export twice or more to us as we export to them should have significant tariffs imposed and then lifted as soon as their exports to us are only 50% larger than our exports to them. We've lost 2 million jobs in the last 10 years in manufacturing, and at a time when the population is growing rapidly due to immigration that the people disapprove of, this is a very negative trend. Did you know that Boeing, our #1 exporter of product, is now going to produce its jets in China?
If we had the system of tariffs in place that I mentioned, then we would have happy mutually beneficial free trade with many nations around the world. Instead we have declining real wages for the masses of americans, we have a situation where our own experts are telling us we simply can't afford to meet our social security and medicaire obligations. The republicans say that this is good. They are my enemy as I love the americans.
The republicans are just as guilty as the dems at bringing us a bloated government that regulates and taxes us into the ground. That the interest group they serve is rich people and big corporations makes them very insensitive on these issues.