Ask any Baby Boomer and they can tell you: it all started going wrong around Nixon. But why? Nixon has been dead for 23 years now, and yet things have not improved for the majority of working Americans. The economy is the engine that drives our prosperity, so why has it been stalled for millions of us since the 1970s? I’m no economist, but I do know that the rich have gotten richer and the poor have gotten poorer, to where simple basic needs are out of reach for thousands of us. What happened?
Put simply, we were lied to. We were told that we needed to try something different to shake the malaise back in the 70s, and we rightly decided to give it a try. Doing the same thing and expecting a different result is the definition of insanity, after all. And so a new group of power-brokers came to America with a plan: invest in us, give us the money in the form of tax breaks, loopholes, and deregulation, and we’ll start making so much money that it’ll make your head spin. And what’s more, we’ll have so much money that our pockets will overflow and trickle down to all of you, and we’ll all share in the prosperity.
But they lied.
They got our money: money we gave up from our towns, our schools, our local way of life, because you have to bet big to win big, after all. But, when the money started coming in, they took that money that was supposed to trickle down to us and ran off with it, hiding it in offshore accounts, managed bankruptcies, stock buybacks, and other tricks of the trade. The only thing that did trickle down, it seemed, were the taxes, as by cutting them up top meant our tiny towns and neighborhoods were suddenly on the hook for more and more of our local operations, while those at the top took money we trusted in them to buy another mega-yacht.
It was a bad investment. And any broker would tell you that you have every right to ask for your money back.