Class warfare. First off, this is such a dramatic statement it makes me want to puke. The term “class warfare” makes me imagine scores of hobos wielding AK-47’s, breaking down the gates of the residents living in East Hampton, NY (come to think of it, this would make a fantastic movie). This does not happen, and its probability is very low; I mean, how the hell is a hobo going to get an AK-47?
Let us call it class inequality then. Class inequality, in essence, is a bitch. Some people, primarily at the higher/wealthier end of the class spectrum will try and tell you that this A) does not exist or B) only exists when liberal politicians try and raise taxes on the rich. I say Bullshit. It is very real, and the real problem is quite the opposite of the rich being “overtaxed”, but in fact too little income to the non-rich classes, also known as the middle and poor class.
The real question is, if it’s not a problem now, how much wider can the class gap get before it becomes a problem? Good question, I don’t really know the answer. We have already seen protests this year in Israel this year because of this very thing. I would say that the gap in this country still has some more growing to do before it gets to the levels of mass protest. However, I believe this can easily be avoided simply by closing tax loop holes, simplifying the tax code, and raising taxes on those who earn the most personal income.
Contrary to “Reagonomics”, money does NOT trickle down. If that were the case, nobody in the country would be rich. Money trickles upstream, and creates the rich. I’m not trying to complain about this fact or even say it’s a bad thing – because I do not believe it is. I believe free market capitalism inspires innovation, and those who innovate are properly rewarded (unless you end up in a patent battle – perhaps a post for another day). The rich have no doubt earned there money by being innovative and hardworking (for the most part anyway). All I’m saying is that they wouldn’t be in that position if it weren’t for the millions of people contributing to that wealth, that will never get the opportunity to partake in that lifestyle, and these are the people that suffer most under the current tax code.
So I’ve left you all wondering how this fits into the “Fall of Society”. Well, to that, I raise this question: How sustainable is the current model? The gap between the middle class and the rich class widens more and more every year creating a disconnect this country has never seen. It’s only a matter of time before we as a country hit the tipping point where too many middle class citizens feel they have become second rate citizens in this “free” country. Only time will tell.