True or false? Capitalism's income equality is a national emergency a true President would recognize.?
Key word: equality
While President Donald Trump is focused on the national emergency he’s declared to secure the southern U.S. border, the billionaire founder of the world’s biggest hedge fund is more worried about losing the American dream.
Capitalism must be reformed because it’s not producing enough opportunities for most Americans, creating an income gap that threatens to spark conflict, Ray Dalio, the Bridgewater Associates co-chairman, said in an interview airing Sunday on CBS’s “60 Minutes."
How many Americans have to lose sight of the "dream" before its recognized America is blind not woke?
- 8 months agoFavorite Answer
The U.S. has always been, by our founding fathers' deliberate design, a Yin-Yang balance between capitalism (for-profit, privately owned) and socialism (taxpayer-funded, people owned) and we function strongest as a nation when this crucial balance is protected and preserved.
The so-called "income gap" of which you speak was triggered by the 1988 abrupt firing of PATCO (the Professional Air Traffic Controllers union) by a scripted Alzheimer's-afflicted Ronald Reagan, triggering an all-out WAR on our nation's full-time workers, especially those workers with benefits such as paid medical leave, paid vacations, overtime pay, employer-provided health care, and a vested pension. It is this one terrible act by an out-of-it President Reagan that unleashed what First Lady Hillary Rodham Clinton dubbed "the Era of [Corporate] Greed" that gave the White House "green light" to suddenly bottomless-pit GREEDY corporate bosses wanting to "increase profit margins" by getting rid of their full-time workers by any nefarious means possible, tricking these well-paid workers with benefits to go on strike in protest, only to then hire permanent minimum-wage part-time workers with no benefits---and thus began our GOP-caused downfall (as described in "America, What Went Wrong?" by Donald Bartlett and James Steele, 1991, available on amazon.com).
During the 2016 campaign, only Hillary Clinton had a clear policy plan for fixing the huge gap between workers' wages and the corporate bosses' outrageous bloated salaries: Give U.S. workers PROFIT SHARING since it is the workers' labors that reaps the profits in the first place, and raising the minimum wage from the current $7.35/hour to a modest $12.10/hour, but then tying that wage level to the Consumer Pricing Index (CPI) so that if prices of goods should rise (inflation), the salaries of these minimum wage works would rise proportionately.
It was Democratic President Bill Clinton (upon whose two-term Presidency the TV series "West Wing" was loosely based) who actually BALANCED the federal budget (eliminating the deficit), and who then went on to build up a huge $362 billion surplus, partly because he and his Democrat-controlled first Congress raised the tax rate for rich corporations and for billionaires to a fair-share, bills-paying, programs-funding 39%---and the entire nation prospered (see "The Clinton Presidency: Key Accomplishments" to learn more).
Kevin, you are mischaracterizing what "liberal" means.
- Anonymous8 months ago
Sorry, the Constitution makes no provision for "income equality." You should find yourself a nice, quiet, communist country to live in. LOL!
- LindaLv 68 months ago
America's National Emergency is at our southern border only! Income equality has NOTHING to do with this emergency.
- out2lunch4now2Lv 78 months ago
The "Income Gap" will begin to close when the "Work Gap" closes. Why should a person who won't get off their butt get paid anything?
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- zipperLv 68 months ago
the concept of Capitalism is what makes this country work as good as it does, and is the best way to bring jobs back and keep people employed. This is why Russia and China are slowly moving away from the state concept of business. If you make a profit you run the business far better and all benefit from it. Also remember that Bill Clinton sold the working class out by Signing the NAFTA Agreement. That moved my good paying job to Brazil and so many other jobs out of the country.
- 8 months ago
False. Quite the opposite. Capitalism has improved lives for everyone.
- Anonymous8 months ago
In America the poverty poor have vehicles, televisions and smart phones.
- RockItLv 78 months ago
Reformed how? and by whom? The government?
It was the government that killed the "dream" not Capitalism.
Capitalism created the dream.
- Spider-ManLv 78 months ago
- T.M. HaverfordLv 78 months ago
Your use of the term “woke” deligitimized the question.
- KevinLv 58 months ago
Only if the president were a liberal, who thought the world owes him something.