Quote from DontMissTheBus:
Also, what is this view of that the working class 'missed out'? How many men and women sitting in cubicles now earning 30-50k would have been in factories earning half of that several decades ago? Even assuming the rate of earning is the same, doesn't the nature of the work (comfort+safety) imply a net gain?
This entire thread (and to some extent this entire board) is an ugly edifice to class envy. Which is ironic, given it's called Elite Trader.
My statement is made under the pretense that the "working class" do not share the same growth ratio as the capitalist stake holders, nor should they.
There can be no doubt that the income or bottomline has risen compared to the past. But also must note that several decades ago, a family typically only required a single working person to sustain a reasonable living, now that women are expecting equality and also working, society now prices the cost of living accordingly to dual income families. So in effect, single working people without above average incomes are put in a harder position through the fault of no one.
I have zero problems with the "rich", when I say rich I mean minimum net worth of 10million. paying less taxes on a percentage basis, my problem is with the government charging so much on everyone else. the government needs less money.
A lot of people saying government should not be run like corporations, I disagree with it. If a government is run like a proper corporation it would be better for all, when a corporation expects to profit, they are expected to invest and take on risk. the government takes on virtually no risk and only demands profit. If they are run properly, all basic fundamental needs of citizens should be free, healthcare, education(all levels, not including proprietary information), basic infrastructure(energy,water/sewage,roads/rails), basic banking(basic saving/lending, nothing related to commercial risk). Their role should be the absolute development and maintanence of the capital infrastructure, where commercial risk/intellectual based businesses can thrive.