1/ The reason extreme income inequality is so viscerally repulsive to me is because I’m old enough to remember the time - before 1980 - when it wasn’t this way. It all started with the Reagan tax cuts and Reaganomics in 1980.

Jan 3, 2021 · 8:19 PM UTC

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2/ Example: Walmart corporation made $16.4B in profits in 2011 yet pays its employees minimum wage. The family has $100B, more than bottom 40% of all Americans. Unjust economic policies made this possible, and no one no one no one should be okay with it. #TaxTheRich
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Replying to @marwilliamson
Me to. I'm 62 yo and it was a lot fairer back in the day. My tuition was $680/semester. Books were less than $100. We all had a chance to prosper before 1980.
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Replying to @marwilliamson
I was just explaining this to a friend last night when She asked "how did we get here?" . She was born in 72, few yrs younger than me.
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Replying to @marwilliamson
I remember the Regan yrs and I also remember they were followed by the asshole responsible for ended welfare, passing NAFTA, deregulating the banks, passing the crime bill...running out of room. Looking back the facts are damning for Bill and the Dems.
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Replying to @marwilliamson
@WalterSob4real Yeah and greed, gluttony, and sloth are three of the seven deadly sins = Walmart and any other Corporation that devalues its employees over it's own profits , ye who cherry picks their own bible! 🤔
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Replying to @marwilliamson
Me too. I was 19 when Reagan became POTUS
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Replying to @marwilliamson
Nope. Neoliberalism started with Jimmy Carter, mid-term, and with Trilateral appointments arguing that 60s/70s movements represented a "Crisis of Democracy" - previously subservient types, white and black, were getting too uppity ("state overload").
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Replying to @marwilliamson
EXACTLY RIGHT. He then systematically dissolved mental health care safety nets and unions. Remember the air traffic controllers strike?
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Replying to @marwilliamson
This explains a lot that @SmallMomBigCar, @ShCoBro and I discuss about our rural Indiana hometown. When we were growing up, there were people in poverty there to be sure, but much more of the population lived in fairly equal - if modest - prosperity, and you could see it. /1
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Replying to @marwilliamson
Bush 1 called it "voodoo economics"
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Replying to @marwilliamson
Correction: Watch the movie Network (1976) and see how contemporary it seems. This started even BEFORE Reagan😱
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