We invite you to take a long historical view of world societies and their economies. Most people would agree that European countries represent typical life in the Middle Ages, And those are the nations whose citizens emigrated to America. The Germans, Swiss, French, Spanish, Polish and Italian immigrants formed the foundation of America. Those immigrants came here to find a better life because their ancestral homeland no longer gave them a chance to better their lot. Many European countries had settled into a basic caste system where some families were super rich and others had virtually nothing. And the “have-nots” grew anxious to try America to improve their lives. Fast forward to today’s America. The same societal mal-distribution of wealth that European immigrants fled in the 16th, 17th, 18th and 19th centuries is growing here. A recent Congressional Budget office Report stated that the top 10% income citizens control over 60% of national wealth. The bottom 50% of citizens own less than 6% of all wealth. And now that we have elected a president, who in his first term gave a $3.5 trillion tax reduction to the wealthy, we face another exaggeration of the CBO Report disclosures. This is the stuff that gives rise to civil unrest. It is ironic that the Trump win on November 5th was fueled by Americans who find themselves in that bottom 6%. By electing Trump they virtually guarantee the wealthy more wealth and themselves less wealth. Returning to the European history for a moment, this kind of ignoring the less fortunate of society is what leads to revolution. It happened in France, Russia, Hungary and was about to happen in other countries when war intervened. Watch for the Trump financial moves. He’s already announced a plan to reduce corporate taxes–that will cost the average citizen more because someone must pay the bills of the Federal Government. Or, maybe he’ll double the National Debt as he did in Trump term 1. The point is: government can’t continue to favor the wealthy without expecting unrest. The form of the unrest is yet to be determined.
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