Our Uniparty rulers operating under the Patty Murray-Paul Ryan budget currently in place (cutting military pensions, exteneded unemployment, raising new taxes called "airline fees") are moving us in the direction of future austerity measures including higher taxes and spending cuts like the European countries have gone through.
Newman speaks of the government spending becoming unsustainable in a decade or more. That's the timeframe GOP politicians like Paul Ryan speak of when they talk about a "balanced budget".
Newman envisions America muddling through the austerity when it hits us hard ...Any opinions out there?????/
So write me a seven figure check.
I’ll be grateful and could use the loot.
The link for this story is bad, so here’s a good one.
http://www.bbc.com/news/blogs-echochambers-28068277
Yes, it's going to get worse. Right now, we are papering over the dips. What happens when we run out of "paper"? Who knows? Most of the world is doing the same thing, so the façade will continue until...it doesn't.
This was over 40 years in the making. Washington knows what's happening but is powerless to fix it.
Do I expect blood on the streets? In some areas, probably. Do I expect the America I grew up in to survive? Yes, but it won't be anywhere near as powerful or free as it was before.
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.
The U.S. is such a wealthy country that the wealthy don’t even consider themselves rich. They just fly off to their second homes, swim in their private swimming pools, and buy whatever they want. They consider that normal. Those who are scraping by see it differently.
I remember a headline from the nineties that went “You Mean the Eighties Are Over and You Forgot to Get Rich?” Exactly. If you missed the boat, there is now generally no way to catch up with it.
Mr. Hanauer hasn’t learnt much history. The inequality he speaks of has been the standard all the way up until 1775 with only a few brief and/or small exceptions along the way. Then there was a sudden out break in the equality of opportunity but since about 1870 it has been slowly eroded back to despotism. in some areas like Asia, Africa and Latin America, it really never took hold.
Hanauer’s idiotic philosophy is the catalyst for the threats he fears.
American revolution Part 2 is coming.
This is why we have the Tea Party movement. It got started in order to “clean out the rats nests” in the first place.
Guess in his bubble peace loving lefties are gonna decimate armed Conservatives???????? Dude this isn’t 1930s Russia!
This just shows rich people can be stupid.
Revolutions happen when you allow the underclass to grow too large. The middle class is too busy trying to get wealthy.
Hey idiot, the free market got you there and it will get others there too if they want it.
The pitchforks eventually come no matter what, it has nothing to do with income inequality, and is just the nature of government.
The US is more equal and the poor are more wealthy than most other nations.
When the pitchforks come out overseas in a single developed nation, then it is time to worry. As of now it has not happened in nations with far worse conditions than the US.
An event such as grid failure can force it to happen but as long as most people have food and distractions, they are unlikely to get violent.
Lets not make the mistake of accepting the left’s argument that income inequality is a problem. No one has described WHY this would be a problem other than resentment (mostly by leftists). Until the wealth of a few limits the amount of goods available to the masses this is just another imaginary issue ginned up by the left to justify redistribution and income confiscation.
Nothing is preventing these leftist super-rich crybabies from addressing this “problem” by giving away most of their wealth.
Want to really help? Stop the greed by people like you and your kind. Seal the borders and stop taking jobs from real American workers.
Mr Hanauer, your solution is the drive the cost of goods and services higher so even more people can't afford them?
Dollar to donuts he’s got a stash of cash and metals at home.