Jerome
Lv 6
Jerome asked in Politics & GovernmentPolitics · 8 months ago

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?

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  • 8 months ago
    Favorite 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.

  • Anonymous
    8 months ago

    Sorry, the Constitution makes no provision for "income equality." You should find yourself a nice, quiet, communist country to live in. LOL!

  • Linda
    Lv 6
    8 months ago

    America's National Emergency is at our southern border only! Income equality has NOTHING to do with this emergency.

  • 8 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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  • zipper
    Lv 6
    8 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.

    • Wrong about NAFTA, zipper, and I say this as a long-time Labor Advocate after the firing of PATCO. The union leaders in the U.S. made a HUGE MISTAKE by not going international in the 1980s and setting up office in the third-world nations to push those people to organize/unionize.

  • 8 months ago

    False. Quite the opposite. Capitalism has improved lives for everyone.

  • Anonymous
    8 months ago

    In America the poverty poor have vehicles, televisions and smart phones.

  • RockIt
    Lv 7
    8 months ago

    Reformed how? and by whom? The government?

    It was the government that killed the "dream" not Capitalism.

    Capitalism created the dream.

    • RockIt
      Lv 7
      8 months agoReport

      Yes, but there is a hierarchy of compromises that undermine Democracy. High on the list are restrictions to personal freedom, usurping powers of the people by the government, lawlessness, abuse of political power, and corruption.

  • 8 months ago

    False

  • 8 months ago

    Your use of the term “woke” deligitimized the question.

    • 8 months agoReport

      No it didn't, you're just a moron.

  • Kevin
    Lv 5
    8 months ago

    Only if the president were a liberal, who thought the world owes him something.

    • Jerome
      Lv 6
      8 months agoReport

      Putting thoughts onto others.

      Some seem to be very good at this. I wonder how this is done? This pattern is common among certain groups.

      Equality is what is sold. True equality is what is owed.

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