PeterWK's Periodical

When you have a economy based on consumerism and no one makes enough to buy anything, the system fails.  Give tax cuts to the rich won’t help one bit either.  Yes the rich buy all kinds of absurd expensive bullshit. However, they don’t buy nearly enough to make up for the black hole that is made by reduced consumer spending due to low wages and shitty jobs.  Eg, one rich guy buying 4 Porsches every year won’t make up for 100 people buying one new car each.  This also shows how the idea of a “fair tax” and increasing sales taxes to save the economy is the stupidest idea that only the most Fox News propagandized fools would believe in.  Additionally busting unions lowers wages for union workers and non union workers alike.  Lower wages mean less spending, less spending means economic collapse.  Funny to think that income inequality in the US is even worse than it was in the 1920’s.  You know what came after the 20’s?  The 30’s.  You know what happened in the 30’s?  The fucking Great Depression.