Median household income in Minnesota dropped 18 percent between 2000 and 2010! (ABC, Sept. 2, 2013.)
If incomes of the wealthy (sometimes called “the filthy rich”), banks, large corporations, etc. had dropped by this amount, I’d say the economy was in depression/recession. However, their incomes have made huge jumps instead. Logically, this tells me the “economy” is not dropping, but that a small group has found the keys to redistributing the wealth from those who create it, to those who have a sickness or addiction for money.
Foolishly, the rest of us, the true “creators” of wealth, allow those who are sick addicts tell us how we should feel and act: like them, but without the money! As evidence is popularity of huge lotteries, and sickening displays of piggishness, such as hotdog eating contests. But instead of millions of dollars ($14 million in Mitt Romney’s case), we end up with a month’s supply of hotdogs in under 10 minutes.
Some years ago, a medical insurance CEO in Minnesota tried to leave the job, taking around $400 million. What hard work could he do worth $400 million? Democratic Minnesota Attorney General Mike Hatch stepped in, and his “take” was reduced to something like $100 million (one reason the wealthy hate concepts like Obamacare).
We need a lot more democrats in office if we’re going to have an economy for “the people,” and not the rich. Maintain just enough republicans to keep democrats honest (not “balanced”), and one or two tea pots, so we’re kept reminded of what it means to be crazy and unpatriotic.
We should change our tax laws: make taxes on upper “earners” inversely proportional to the unemployment rate and median income: the higher the unemployment, the higher the tax on top “earners.”
We’d see them instantly stop shipping our jobs overseas.