Thursday, July 22, 2021

The wealth gap--again

Democrats have whined and moaned about the wealth gap or wealth inequality for as long as I can remember--even back to the 40 years I was a Democrat. That Jeff Bezos and Nancy Pelosi would laugh at my current wealth compared to theirs really doesn't bother me. What bothers me is when Bezos can buy and sell Pelosi and SHE is fearful of that gap between them. She's the one insecure, not me. Together they (with other Democrats and CEOs) pass laws that take my wealth to transfer to people who probably need a social safety net, but she and he won't pay for it.

What really helps the poor are good jobs, not more government handouts. Under Trump, real wealth held by the bottom half of households grew faster — over three times faster — than wealth held by the top half of households in the 2017-2020 period, and almost three times faster than for the top 1 percent. Now Biden is paying people to not return to work, something that will not help them advance and succeed.

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