reply to post by pexx421
There is a lot more to it than that. Before the seventies there was no OSHA, EPA and most of the rest of the bureaucracy. Taxes were reasonable.
On minimum wage (that is what I was earning) you could afford a decent life if you were careful. More important corporations expected to hire someone
and train them. You expected as an employee to stay with one company for the rest of your working life. Then a whole lot of laws were passed.
Taxpayers got hit with a triple whammy.
1. We had to pay in taxes for the additional bureaucrats.
2. Our real wages decreased due to inflation from the Vietnam war
3. Corporations had to make changes in equipment and buildings to meet the new standards. They also had to hire new people to deal with the increase
in paperwork. All this added cost was passed to the consumer.
On top of this mess, laws were changed and leveraged buyouts became the rage. Well run Corporations became targets. I worked for a place with no
debt. They were self-insured and a great place to work. They became a target and a well run corporation is no more.
Now the government employs over 14% of the work force directly. and those who actually produce, farmers, factory workers, miners... are a mire 11%.
Is it any wonder the US is in trouble?
Capitalists were not to blame the government laws passed in response to liberal pressure to "save the enviornment" and "protect the worker" were
along with pressure from investors to change banking laws.
[size=4]"Suspicion is a Virtue, if in the interests of the good of the people." Patrick Henry[/size]