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View Diary: Taxing The Rich The Only Solution To Our Systemic Inequality (44 comments)

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  •  The so-called dot.com era... (0+ / 0-)

    ...just so happened to be the longest post-WWII economic expansion, creating over 20 million jobs, and was the one period since the late 1970's when the middle class's share of the national income actually grew.  In the last election even the Republicans referred to it approvingly as the "Ciinton Boom years."

    Yes, it did spectacularly crash, but that was due to the lack of realistic underlying value to the investments made in ventures like Pets.com.  The problem wasn't having lots of capital being put to use in the economy.  Investing more wisely, in infrastructure, new energy projects, research and development, that will actually have a reasonable chance of offering recouping their capital and yielding some profit might turn out differently.

    "Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it." ~ Mark Twain

    by wonkydonkey on Sat Feb 23, 2013 at 11:53:00 PM PST

    [ Parent ]

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