This quote comes from Upton Sinclair, and it holds true today. The “something” that I focus on in politics/economics is the reality that for over four decades, wages for the working class have remained virtually stagnant while the wealth created by the working class has supported a skyrocketing of wealth to a very small minority of Americans.
My question has been, why have Democrats been unable (or is it unwilling) to do something about this?
President Clinton left the White House virtually broke (according to statements made by both President Clinton and Secretary of State Hillary Clinton) and today, they have a net worth, according to most recent estimated. of over $100 Million Dollars.
President Obama and his wife, Michelle, recently left the White House whereupon President Obama began collecting $400,000 speaking fees (more than former presidents receive for a year’s pension) and together, the couple signed a book deal worth a reported $65 Million.
Keep in mind that all former presidents receive a pension of about $200,000 a year, medical care, Secret Service protection, and an allowance to cover the costs of a small office staff.
The economic system in the USA is one where families like the Walton family have a net worth of over $160 Billion while the average employee at one of their Walmart stores makes about $27,000 a year. Our system is one that gives tax relief to men like Jeff Bezos with a net worth of over $160 Billion to persuade him to move his business to an area and pay his employees $25,000 a year.
These same employees at Walmart and Amazon pay taxes to fund the pension funds of former presidents and pay for their security protection, office costs, and clerical salaries of assistants.
This is the same system that pays pro baseball players hundreds of millions of dollars while the farm teams that support it pay their players about $1,000 a month. This is same system pays college football players nothing in wages while the coaches at many of these state owned colleges are the highest paid individuals on the state payroll.
I could go on and on for paragraph after paragraph and the message remains the same. We have a winner take all economy in the USA. It does not matter if you are in sports, business, politics, or even private charities, the winners are the people at the top and they get it all. The rest of us, the losers? We take what they are willing to give us.
Why haven’t Democrats in office attacked this system? I would suggest that it would greatly diminish the changes of going from broke to multimillionaire in a few years for a former president and it would make multi-million dollar book deals and $400,000 speaking fees a thing of the past as well. Those in power to make the changes are making too much money within the system to understand it with clarity and make those changes, or as was once said, “It is difficult to get a man to understand something, when his salary depends upon his not understanding it!”