Saving Miz Liberty
- savingmizliberty.com -
A Toaster
Repairman’s
Thoughts
The Failing of Hope
“A huge and growing gap between relative income and relative cost of living for all but the privileged few.”
The Failing of Fairness
A 10% gap in housing, food and healthcare cost as a percentage of income grew to 45% after the Reagan and Trump tax cuts. Obviously trickle-down economics was a lie. Only the top 10-20% of Americans earn enough income to have housing, food, and healthcare security in 2026.
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For about 90% of Americans, we know wages are falling against inflation, living costs are soaring much faster than inflation, the wealth gap compared to the top 10% and 1% is the largest in history, AIs and robots are going to make it worse, and they feel screwed. To make it worse, America has borrowed $40 trillion of debt that can not be paid back by cutting costs, only by raising taxes, which appears impossible.
But There Is Hope
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America was created to overcome this.
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We beat it many times:
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Ended slavery.
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Broke the monopolies from 1907 to 1911.
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Blacks and later women voting.
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The Works Progress Administration in 1935.
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Civil Rights Act of 1965.
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Eighty years of fairness, hope, and so many of us reaching the American Dream after WWII.
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We still have all the laws and entrepreneurship ability that create American exceptionalism.
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Antitrust law, securities law, environmental
laws, business regulations, on and on.
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We just need to fine-tune the system away from maximizing private-good (individual and corporate wealth) and toward public-good (hope and fairness for all).
I refuse to die.