I am a capitalist — but I think we need a fairer social contract and the means to enforce it ~
By having a gov”t that is beholden to the middle class.
Capitalism works best when the most people can participate.
Trickle-down economics destroys the middle class by pushing wealth upwards into a concentration of a very few super-wealthy individuals. They didn’t use their tax breaks to raise salaries or create more jobs. They outsourced the jobs, cut workers pay and bought themselves more foreign vacation house, bigger yachts and more Ferraris.
Senator Bernie Sanders just pointed out this month that 400 richest families have as much wealth as 150,000,000 Americans combines. Republican Steve Forbes, arguing for a flat tax points out that 14,583 wealthiest Americans have alMOst three times the wealth of the the bottom 50% (everybody under $50,000)
For capitalism to work we need to fight the extreme gluttony and excessive greed of a few super billionaires at the very tip top, so more of us can participate in the American dream