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Ben Leet's avatar

Shared prosperity is not controversial. Presenting a sound, practical and simple plan to achieve it is needed. The greatest problems are affording healthcare, housing, childcare, and higher education, and in general saving money is unattainable. Some 48% of adults say they could only afford a $2,000 emergency expense, and after 30 days with their "main source of income", they'd be unable to pay normal expenses. That says a lot about lack of resources and savings. (Fed report "Economic Well Being of U.S. Households, 2025" and "Making Ends Meet" from Consumer Financial Protection Bureau, 2024) The Democrats will have to divorce themselves from pandering the rich, and switch to attacking them as parasites. The RealTime Inequality web page shows that 15% of the national income has redirected itself upwards from the lower 90% to the top 10%, The lower were earning 62% in 1976, now they earn 47%, and that amounts to $4.1 trillion each year, or about $32,000 for every household in the lower 90%, about 126 million all earning below $200,000. The economy worked in 1976, it is not working today. My blog -- http://benL88.blogspot.com -- Economics Without Greed, Part Two

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