Keeping up with the Dow-Jones's
For a brief moment in time “rich” people had a little more than you had. Like maybe you had a 900 foot semi on Waverly Drive and they’d have 3000 feet and a pool on Walnut Crescent. But you could kinda see from here to there.
But times change. Nobody on Walnut Crescent is “rich” anymore. Sure, they’re doing OK; their homes are still worth three-quarters of a million, give or take, but the actual rich folks moved out long ago.
They’re so far away now you can’t see from here to there anymore…
That’s a problem that we are slow to recognize and slower to address. “Inequality” is a buzzword for sure, but what is anyone doing about it?
In the Nations of Virtue the trend seems to be to lower corporate taxes and taxes on the rich, which is a never-ending race to the bottom. Trump has done it, Macron has done it, Ireland did it years ago and is leading the race to the bottom…
Tax cuts just give you a turbo boost in the race to get there.
If you look at that Yellow Vest business going on in France, maybe you should be getting a little nervous if you’re one of the uber-fortunate. People are fed up and pissed off with being screwed over.
It would be wise for governments to pay attention before they have mobs of pissed off citizens blocking roundabouts.
Source: http://theviewfromfallingdowns.blogspot.com/2019/01/keeping-up-with-dow-joness.html
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