Many people don’t understand our country’s problem of concentration of income and wealth because they don’t see it. People just don’t understand how much wealth there is at the top now. The wealth at the top is so extreme that it is beyond most people’s ability to comprehend.
Progressives have suspected for years that working- and middle-class Americans vote for the GOP because they have a deeply unrealistic idea about their real chances of becoming wealthy. We’ve joked that working stiffs vote for tax cuts and other goodies for the rich because they seriously believe that they’re going to be rich themselves someday, and want to make sure those advantages will be there for them, come the day.
Sometimes lobbyists — even the most perfectly coiffed — mess up. Lobbyists for Corporate America messed up big-time last summer. They let slip into law, via the 2,300-page Dodd-Frank financial reform bill, an obscure provision that could give future lawmakers a powerful lever for ratcheting down excessive CEO pay.
Now those lobbyists are pushing hard to undo their mistake — and progressives, led by AFL-CIO president Rich Trumka, are pushing back.
Can we compete with China’s wages? Does government interference and regulation hold us back? Are our unions keeping us from being competitive? Do we need to lower our standard of living in a race to the bottom? You might be surprised to learn that Germany pays higher wages, has strong unions, has much more government involvement and is doing better as a result.
Conclusion: Our wages, unions and government are not the problem. They are the solution.
The Washington Post ran a story how hard it is for a family making only $250K a year. Just who could a story like this be written by and for? How many ways does this story mislead its readers? If you want to write about hardship write some stories about and for the rest of us!