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The most popular conspiracy theory in the US today is that American wealth is the result of a steady cabalistic transfer of extant wealth from the poor and middle class to "like 10 people" at the "tippy top." It's provably false but will define the next several election cycleshttps://twitter.com/AOC/status/1127270688925134849 …
Take a look at what AOC is pointing out: for-profit prisons, student loans, "tricking the country into war," abusing food stamp programs. Notice a theme? Prisons are a product for governments. Rich people do not declare wars or issue food stamps. Student loans are backed by whom?
The trap I *don't* want to fall into is claiming that all is well. Wages have stagnated while healthcare and higher ed pricing skyrocketed, and both systems are regulatory fortresses. Regulatory capture via licensure and accreditation is locking in profit for the current players
The healthcare/education monster is unavoidably a private interest + government collaboration. Moreover, the collaboration has grown so complex and labyrinthian that it's unclear how to attack it. And it's moot anyway, unless it sounds better than "boo yachts, free college!"
Here's what worries me: whether via a punitive income tax bracket or a wealth tax, you're hitting a group that contains some game-players and many more value-creators. If you don't first solve the regulatory capture issue, you funnel the gains straight back to the game-players.
If we bet on a policy as aggressive as Warren's wealth tax, it'd become nearly impossible for ultra-successful entrepreneurs to maintain controlling stakes in their own companies over 1-2 decades. It should not be controversial to say this would be disastrous for the US economy.
Find me a politician who's saying "we need to prevent the AMA from artificially bottlenecking residencies" or "we need to reorganize higher education around student career expectations and implement elements of apprenticeship." Then find me a voting populace who wants to hear it
No but large corps take advantage of SNAP by paying low wages and encouraging their employees to seek Gov assistance to bridge the gap. The wage issue needs to be solved first, not reduction in SNAP.
I'm very much in favor of experimenting with minimum wage at the local level and using the results to inform broader moves — economic theory only gets you so far
This is a crock of inauthentic, bad faith shit. Prisons are a product for government but they just happen to be full of poor people? Rich people don’t declare wars or issue food stamps but the wars and stamps end up being very profitable for the rich? Banks etc etc
I honestly don't know how slowly to explain this one to you
"rich people do not declare wars" Hahahahaha that's cute https://www.ft.com/content/7f435f04-8c05-11e2-b001-00144feabdc0 …
Wow! I bet if we look into who paid the contractors, we could figure out where the declaration of war originated... 
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