mousepad wrote:BTW, this has nothing to do with white (as you seem to suggest).
Do you read what you write? You start of complaining about forced multiculturalism, move on to barrios and Mexican welfare then with a straight face say it's not about white?
It has everything to do with white and uneducated, both men and women.
That's the trump demo, that is the trump movement: hold my beer while we burn this bitch down.
We discussed this before and figured that super wealthy doesn't matter much because those guys can't ever spend their wealth and they end up simply donating it away most of the time.
What I'm trying to understand is the drain caused by small scale investor.
I thought I explained and backed it clearly, the more inequality the less mobility. The less mobiity the more hostility. Enter trump.
The decline in social mobility is a main reason for the decline of the republican party. All these years they've been preaching trickle down and the voters lapped it up—but guess what? The trickle is a firehose pointed at the very wealthy.
Then, "those guys can't ever spend their wealth" is not an excuse, it is a main reason their greed is bad for the economy. They can only own so many yachts so they must find someplace to stash the money and they wind up blowing huge bubbles that take everyone down when they blow. The FIRE economy has grown from nothing to 20% of the economy (?) in 40 years and it is just the commission on churning money.
A small0time investor holding some stocks, or like me flipping houses, is the ideal. What isn't ideal is low pay and outsize profits.
Now go back one step to the white people who feel left behind. Why didn't they just go to college and get an MBA? Because they thought they could go to work down at the plant and just like old dad and uncle Fred they would be able to have an OK life, a little house and a pension. But the pension was raided, the corporation itself was then raided and the parts sold off and jobs exported to China in the service of what? say it with me, corporate profits, executive pay. And all along Raygun was talking about cutting taxes and regulation and drowning government and guess what all his voters got? zip
Guess what? Now those guys and gals are pissed and need a scapegoat so it's multiculturalism, Mexicans, Libtards & Critical Race Theory (otherwise known as history).
Finally, I'm pretty sure I said nothing about the middle class investor. I've been all over the spectrum from bottom 20 to top 20 and I've met some millionaires but I have likely never been in the same zip code as the top 1%, let alone .1% Any number of people in the Oakland hills of Cali paid $30k for a house back when that's worth, nominally, @2-3 million today. So it isn't the number. If you have 3 employees and replace them every couple of months because you are such a tightwad you won't pay a decent wage you are just as bad as the Waltons or Bezos.
It is beyond irony that the victims of the republican donor-ship are predominantly the republican voters themselves.