Display:
We cannot continue transferring the nation's wealth to those at the apex of the economic pyramid -- which is what we have been doing for the past three decades or so -- while hoping that someday, maybe, the benefits of that transfer will trickle down in the form of steady employment and improved living standards for the many millions of families struggling to make it from day to day.

That money is never going to trickle down. It's a fairy tale. We're crazy to continue believing it.

But while legislators are largely drawn, if not from that 1%, then from very close to it, they will continue to believe that "American Dream" crap and thus not do the root and branch thing necessary to help th 95% who are getting stuffed.

After all, the system works. Or, at least, it did for them so why does it need changing ? Heck, you can't even get all democrats to sign up for something basic like healthcare, so how on earth you're gonna get them to do something much much more radical I cannot imagine.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Oct 21st, 2009 at 05:14:13 AM EST
[ Parent ]
National Journal Magazine - Is The American Dream A Myth?

One tenet that separates the United States from other countries is our belief in upward mobility. A study of attitudes in 27 countries found that Americans, more than people elsewhere, tend to believe that intelligence, skill, and effort will be rewarded with success.

[...]

But as Brookings Institution scholars Ron Haskins and Isabel Sawhill demonstrate in a compelling new book, America's record doesn't entirely justify this optimism.

[...]

Though we venerate the American Dream, studies show that children born to low-income parents in the United States are more likely to remain trapped near the bottom than their counterparts in Europe, the authors report.


(my emphasis) Via Mark Thoma.

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
by Bernard on Wed Oct 21st, 2009 at 09:35:16 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series