Only 5 people liked this post? Yet it is one of the most comprehensive things you will ever read about the history of wealth inequality and the way it destroys civilizations.
Wealth Inequality and Societal Collapse
Economic inequality in the United States has been growing now for several decades – since the late 1980s. It has been fueled by right wing economic philosophy, which can be summed up by the phrase “trickle down economics”, which purports that the best way to grow an economy is to shower the rich with advantages that allow them to become ever wealthier. The theory behind that is that the rich know what’s best for us, so the more opportunities we give them to make more money, the more they will be incentivized to utilize their tremendous intelligence and abilities to benefit society. A phrase that encompasses this theory today is “job creators”. The rich are our job creators. Give them more tax breaks, subsidies, and deregulation, and they will create more jobs for us.
But the reality is that nothing could be further from the truth.
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