Updated: May 15, 2021
To make the US economy economic, right, just, moral and working best for everyone in the US economy, we as Americans must accomplish two fundamental things:
One: Tell the truth about the US economy
Two: Create an economic strategy for making the US economy right, true and just - working best for everyone based on the principles prescribed in the Preamble to the Constitution of the United States of America
Let's see why this makes sense
The extreme polarization we see in America today is the result of 40 years of lies and greed inflicted upon Americans in the bottom 80% of income and wealth in the US economy so that the wealthiest top 10% of Americans have the freedom and power to experience, enjoy and accumulate excessively massive levels of income, wealth and success all at the direct expense and financial destruction of the bottom 80%.
The Great Inflation of the 1970's broke the competitive economic backbone of the US economy, no longer able to grow economically by the early 1980s. America had a choice. Structurally fix the US economy so that it could grow organically and economically over time, working best for all Americans, " or", take the path of least resistance, leave the US economy fundamentally broken and unrepaired and simply finance uneconomic growth, calling it economic growth, creating extreme health, wealth and success for the wealthy and well connected in the US economy at the direct expense and financial destruction of the bottom 80% in the US economy. However, this is not what the American people were told. Over the last 40 years, leaders and the Elite in both Democratic and Republican parties communicated to the public that the US economy was and is fundamentally sound and that just nudging policies slightly to the right or slightly to the left, depending on which political party was in charge, would be more than sufficient to fix or empower the economy so that the economy worked best for everyone in America. Lie, Liars, Lie!!!
The net effect is that over the past 40 years income and wealth inequality is at the highest levels in modern American history, with the wealthiest top 10% of the population owning 80% of the American economy today, vs. owning 60% 40 years ago, That is a wealth Transfer of $42 Trillion, over the last 40 years, from the Bottom 80% of Americans to the wealthiest top 10% of Americans. Again, over this period, the experts, the leaders, the elites of both democratic and republican party boasted about the strength and resilience of the US economy and how the US economy is the envy of the world. Americans are now living the cumulative negative economic effects of this 40 year lie that has locked 80% of Americans out of the opportunity to compete for health, wealth and success for themselves, their families and communities. This is precisely why there is a loss in respect and trust for institutions, government, leadership, experts and the rich and well connected in society, because the leadership of the last forty years did not make it their responsibility to be truthful and fundamentally fix and protect the economy so that it worked best for everyone, and not just the wealthy and well connected. After 40 years of seeing and living this lie, Americans in the bottom 80% wanted something fundamentally different.
This is exactly why President Trump never changed his message or style back to a more status quo or normal democratic or republican policy view. President Trump's views and policy prescriptions may have sounded crazy, untruthful and far away from the norm. But that is precisely the point. President Trump knew there is a large portion of the population tired of status quo normality that has robbed them blind with their eyes wide open. What Donald Trump offered did not have to be true, does not have to work and can actually be harmful and destructive to Americans and America, as long as it is perceived to be different from the lying status quo on the right or left who have ripped off the working class Americans over the last 40 years.
The problem with former president Trump however, was that the American people have had a chance to experience him and his policies over the past 4 years. Many Americans are coming to see that different does not necessarily mean better and that different when it comes to Donald Trump is really just another big con game by the elites, where in this case, the elite leader is President Trump, who primarily measures success by the height of the Stock Market, which at the end of the day, is the same old con game of the past 40 years, rapped in a differently branded package with emphasis on saving white working class, non college educated Americans but more specifically white males. In a real sense Donald Trump's con game is the con game of the elites on the right and the left of the last 40 years, but on Steroids. Donald Trump lies continually but does not stop there, he actually abused his presidential powers to corrupt the executive office and his supporters in congress in ways that destroyed the checks and balances in our democracy, in our economy and in our society. At the end of the day, US income and wealth inequality were at their highest levels in American history under President Trump, with chaos, polarization and our very democracy threatened at levels not seen since the time of the Civil war.
However, I should note that the extreme polarization in America should not be attributed solely to President Trump. Again, Democratic and Republican elites have effectively been supporting Crony Capitalism in America over the last 40 years, because it was and still is today, the easiest way to grow the US economy, uneconomically, on course for collapse in the next 3 - 5 years, wiping out the rich and poor alike, if the status quo persists on a going forward basis.
The fundamental outcomes of the US economy will not change, the rich will continue to get catastrophically richer at the expense and financial destruction of the bottom 80%, until the US economy is fundamentally and structurally repaired so that it is economic, right, just, moral and truthful, working best for all Americans and not primarily just for the wealthiest and well connected. The issue here is not envy or hate of the rich and successful. The issue is about truth, justice, fairness, equal opportunity and economics which reflects truth, justice, fairness and equal opportunity. The fundamental laws of economics demand that economics, truth, justice, fairness and equal opportunity all be one and consistent in our economy to make and keep the US economy working best for everyone. The broken and unrepaired market failures in the US economy over the past 40 years have created economic imbalances in our economy, a type of Economic Cancer, which will eventually destroy the economy for everyone, both the rich and poor alike. So We the People of the United States of America need to come together to fix our economy, so that it is Right, just, moral, truthful and economic, so that we have an economy that works best for everyone, otherwise the US economy will eventually devolve into a broken financial system that structurally collapses, bankrupting America for both the have's and the have-nots in the next 3 - 5 years if the status quo persists on a going forward basis
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