One talks about the Social Security going broke, Medicare and Medicaid are too expensive, Union after union is lost through preplanned bankruptcies. Student aid programs, both public school and college loans were never adequate and are continually reduced in budgets.
The retirement class will rise 12 percent by 2025. A significant number of factory workers remain unemployed or earning a pittance of their factory job. Computerization/Internet will remove another group of people from the workforce.
Armageddon is near
Easing the basic need of the workforce, poor and students is a huge issue. Easing workers who ever more rapidly lose their jobs to technology and global economy have no place to reposition themselves in the world of work. The masses no longer participate in capitalist growth.
If salaries remained comparable to the wages fifty years ago and pension plans remained untouchable, as they were before Reagan, and right-to-work laws had not weakened unions, it would be possible to be laid off in one’s fifties and still have a decent financial position. That second job would make a comfortable lifestyle instead of barely keeping enough food on the table.
This juggernaught of cash flowing toward five percent of the population, unfairly lifted from the deserving population in the economy will only increase. That is 18 million individuals out of 317 million citizens. If one prefers the one percent claim, it is 3 million out of 317 million. These differences do not reflect the algebraic curve of wealth as one nears the top; the wealthiest are really, really wealthy compared to the really wealthy below them.
One may agree with the conservatives that the government is too large. This has nothing to do with taxes. Taxes must be raised by incomparable amounts to offset the disappearance of middle and lower class economy. The taxes should be collected by the IRS and flow back to the public in the form of support for the general public. For example, if the Taiwanese government can pay 100% of college tuition, there is no reason the United States cannot do the same. Most developed nations have free or virtually free health care for every citizen. Why can’t the United States do that?
Capitalism has not been kept under control by the Federal Government; it runs rampant and is becoming unbelievably destructive to the general citizenry.
The mariner sees chaos coming.