Altherion Posted July 22, 2016 Share Posted July 22, 2016 11 minutes ago, TrackerNeil said: The Lily Leadbetter Fair Pay Act does not qualify? And I believe they also expanded SCHiP, enacted the Credit Card Act, and some other stuff I can't now remember. And let's not forget the PPACA, the largest transfer of wealth in recent history. None of that addresses inequality in the slightest? The laws you mention do affect inequality (as does practically every other federal law whether it is intended to or not) and some of them are even marketed as such for the more foolish, naive and inexperienced members of the electorate. However, we are now 7 years from 2009 and it can clearly be seen in hindsight that they did nothing to reverse the increase in inequality or the stagnation of real wages. If you look in detail what these laws do, for the most part they redistribute resources within the middle and lower classes: sometimes from the middle to the lower, sometimes from the lower to the middle, sometimes within both (e.g. from the young to the middle-aged) and so on. Every once in a while, there is one which does act to the detriment of the upper class, but in a very limited way. This was obvious to most people even without the benefit of hindsight which is part of the reason for the Democrats' crushing defeat in 2010. Link to comment Share on other sites More sharing options...
This topic is now archived and is closed to further replies.