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#301748 - 06/18/17 03:57 PM The Hoarding of the American Dream
NW Ponderer Online   content
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 15238
The Hoarding of the American Dream. While I don't agree with all of the author's conclusions, he makes a valid point about "wealth advantage." Those that has, gets. Unlike him, though, I don't think economics is a zero-sum game.

I am one that has hovered on the edge of the top quintile for most of my career. I'm not rich, but comfortable. I live in the same modest house I've lived in for nearly 30 years (but never missed a payment). I drive low-end cars for 10+ years (but can buy new, for cash). As I've matured, my income has transitioned from wages to fixed-plus-investments. I've retired early, but don't really "scrimp." I provided college for both my children with only a few outstanding loans (although earned that through the GI Bill).

I've always supported higher taxes even when that is to my disadvantage. I "invest" in local public institutions - PBS, NPR, zoos, museums. The ACLU, Human Rights Campaign, Planned Parenthood, UNCF, Red Cross, and my alma maters count on me for modest, but regular, contributions. I was active in PTA and school support activities for my local schools. I buy locally as much as I can.

I don't think I'm an aberation. I think I'm a patriotic American.
_________________________
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#301778 - 06/19/17 03:34 PM Re: The Hoarding of the American Dream [Re: NW Ponderer]
NW Ponderer Online   content
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 15238
<bumpity-bump-bump>
_________________________
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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