Over the past 50 to 60 years, wealth concentration in many Western nations—coupled with the relocation of jobs to East Asia—has primarily favored the upper class rather than the middle class. Similarly on a different battlefield, Brexit has not served the majority of the United Kingdom’s working class population the average citizen has experienced a decline in wealth. In Great Britain, most residents did not benefit from North Sea oil revenues, which were largely directed toward affluent groups—a contrast to Norway’s more unselfish. forward thinking approach of establishing a sovereign wealth fund which benefit it all to the consternation of the wealthy well connected conservative class within Norway.
Remarkably, adherence to sound financial principles—living within one’s means, settling obligations, and saving—can enhance long-term economic stability across all income levels and even at the governmental level.
Much like Proposition 13, voting in favor of Proposition 40 is a straightforward choice. Historically and currently, western political leaders have failed to act in the best interest of the majority usually, they have to be dragged along kicking, and scratching.
It shall be interesting will the middle and lower end carry water for the wealthy again and vote against their interests to save the lucky 214 billionaires in California, that’s right you heard it right, 214 out of 40 million people…
The billionaires won’t be going anywhere. There’s a reason why the West Coast, California, and Oregon are what they are, when compared to the rest of the United States outside the Northeast, climate, higher education, better business opportunities, better political climate for the population, particularly if you look a little different or have a different religion in comparison to a large part of the United States, particularly after 1945.