Comment on Borrowing money against their stuff to get more stuff to borrow money...
hector@lemmy.today 11 hours agoWhen the US was at the height of prosperity, when the working class had the highest standard of living, and disposable income, the highest ever in history of any working class hands down, in the 1950s, and until the 1970s when it declined precipitously in the late 70s, obscene incomes were taxed at 90 percent. The first so much was taxed at lower rates, above a certain amount the rest at 90%.
The majority of taxes came from businesses too, 90%, today it’s flipped and 90% is individuals.
Whatever problems existed in those decades, a minimum wage job paid for a family, bought a house, a cheap car, health care, food, incidentals, going out for a burger even. Just one of them. And that is the issue people care most about, having enough money to live with dignity.
bridgeenjoyer@sh.itjust.works 17 minutes ago
People argue that isnt why America was prosperous. " ACKSHUALLY We were prosperous during that period because we destroyed the other countries ability to produce."
I don’t believe that myself, those idiots are billionaire apologists.