Herkie
4 hrs
The bigger story Mish, the top 1% have increased their wealth by more than a trillion since March 18, to 34.6% of all household wealth, while the bottom HALF of the nation holds only 1.9% of household wealth.
No matter how you try to digest or rationalize this it means the future is going to se more and more converts to socialism. And I might remind you that the constitution does not dictate economic systems.
I am as opposed to socialism as any poster here including yourself, but because it is a fact that if we do not fix this inequality what we will end up with is all our worst nightmares, I am willing to be flexible enpough to diffuse the pending economic catastrophe. It already takes an ever more intrusive and powerful police presence with militarized cops to “protect” private property rights and it is going to get worse so the choice will be to fix it now as fairly as possible, or to go full police state. And if the police state blinks we will be Venezuela for real not just in the fevered minds of the far right dupes.
