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In Reply to: I'm sure, sooner or later... posted by ghost of olddude55 on September 6, 2024 at 05:33:20:
Saw a study on legislative action and it's pretty clear regardless of public opposition the majority of legislation addressing specific industry or business issues get through and quickly. Legislation addressing public issues, no matter how great the public support, usually go no where.
The tie in with trickle down economics is obvious. The return on lobbying dollars brings a better return than R&D and new product development. Imagine being able to achieve record profits year in and year out with lobbying, replacing workers with technology and reducing workforce (increasing productivity).
With all the tax cut cash they didn't turn America into the high tech mecca we were promised it would become. They maximized their take of the money and in fact invested in replacing workers not creating new jobs. Who would have though profit makers would do anything else?
In 1980 when this stuff (Reagan's tax reforms) happened owning a home was something almost anyone with a steady job and a decent income could do. In the 2020s the wealthy speculators who've benefited with millions and millions of additional dollars are now buying up affordable housing so as to rent it back to us or worse tear it down and put up apartments for us to live in. Home ownership has been the foundation upon which most working Americans could achieve financial security. It's slipping away.
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Follow Ups
- Sounds typical - Goober58 14:52:16 09/06/24 (1)
- At one time lobbying was illegal. - ghost of olddude55 04:23:53 09/07/24 (0)