“Galloway, said the economy is “purposely” transferring money to the super rich from the other classes and from the young to the old”.
Exactly what the Federal Reserve was designed to do. Of course the system is setup to drain wealth from old folks via the healthcare system. The TPTB hate the idea of generational wealth transfer, unless it is them.
The other part of the problem is Globalism. Transferring industries and jobs overseas and mass immigration to drive down wages is the other half.
Young people are right to be angry. The birthrate is collapsing (among the responsible) because people can’t afford to start families.
Republican’s are fools to cede these issues to the Democrats, but being the stupid party they probably will.
Just tell them to work harder... Good luck with that.
The other parts of the problem are doubling the workforce with women and pretending it didn’t result in stagnant wages.
along with the insane all in tax and regulatory burden on full time jobs making it an economic joke to start a labor intensive business in modern America.
PS 90% of one’s healthcare costs are the last nine months of life.....whatever that is about the fed Reserve takes the third row seat to the insane regulation that enables machines that are in essence $5000 in parts to cost the ICU’s millions of dollars. We come up with 45% of all new medical drugs, procedures and equipment annually. It is 5% of every healthcare bill. We then subsidize every other healthcare system on earth by selling it to them cheaper than we sell it to ourselves.