- Oct 9, 1999
Quoting this just because I try to explain this all the time and it falls on deaf ears. "Liberals" have been conned into thinking that big government is out to help the little guy.There's no apologizing, it's simply a fact.
Now, there are exceptions where lower income people can readily move into the upper level, but to the extent they are hampered it is BECAUSE of government. Yes, that's right, government and it's rules and regulations hamper/stiffle the 'little guy' from innovation and moving into the upper echelon.
Do you think Henry Ford could start an auto manufacturing company today? Of course not. Try creating an auto and see how many millions of $'s it takes to shepherd it through the government approval process. There are plenty of good/successful auto's sold elsewhere around the world but not here because of that.
Same thing goes medicine/drugs. Jonas Salk couldn't get his vacine through the FDA unless he personally had upteen millions.
Then there's the whole realm of 'legal' issues (required disclosures, contracts etc).
Regulation = money, and big money.
Bottom line is it takes money to make money, now so more than ever (because of government and regulation). So you must expect the wealthy, who have the most money, to make more faster than the rest of of us. And that's a consequence of the current system - one that you seem to support, so no need to complain about it.
I'd have to think on it a bit longer, but seems to me in cases with a big strong powerful central government you're gonna find big disparities in wealth. It just comes with the territory.