05-16-2015, 05:49 PM
(05-16-2015, 05:33 PM)Belsnickel Wrote: I'm not going to deny that there is some of that dependence in play here. However, it can't be denied that for some reason, it may even be progressive policies, upward mobility in the socioeconomic ladder is exponentially more difficult than it was a century, or even 50 years ago. That's a fact. What caused that, or what has resulted from this, is hard to pin down to one thing and it likely isn't anyway.
Tax system has a lot to blame as well. Yes wealthy pay more but there are loads of escape hatches.
And the over use of regulation has closed out competition in many industries. We had such a robust tech boom because there were no regulations.
Regulations have drained the American spirit of innovation because when someone has an idea they need a massive bank roll to manuever the regulation associated.
