> We’ve had an environment that encourages investment, welcomes immigrants, rewards risk-taking, hard work [2], and radical thinking, and minimizes impediments to doing new things.
I think a major reason the middle class was able to live a fairly cushy lifestyle without doing much real work was some combination of:
- A massive supply of overseas slave labor, coupled with a complete lack of environmental regulations both domestically and abroad.
- Being able to tax people overseas by deflating the dollar.
- Heavy investment in infrastructure.
- A large population boom.
In other words about 20% sound policy, and 80% finding ways to steal money from other people and future generations. Since we're no longer investing in infrastructure or doing much in the way sound policy, and we're also losing our ability to steal money from others, I don't really see how the U.S. is going to sustain itself regardless of hard work, innovative thinking, immigration policies, etc.
I think a major reason the middle class was able to live a fairly cushy lifestyle without doing much real work was some combination of:
- A massive supply of overseas slave labor, coupled with a complete lack of environmental regulations both domestically and abroad.
- Being able to tax people overseas by deflating the dollar.
- Heavy investment in infrastructure.
- A large population boom.
In other words about 20% sound policy, and 80% finding ways to steal money from other people and future generations. Since we're no longer investing in infrastructure or doing much in the way sound policy, and we're also losing our ability to steal money from others, I don't really see how the U.S. is going to sustain itself regardless of hard work, innovative thinking, immigration policies, etc.