this post was submitted on 06 Feb 2024
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William Jennings Bryan, who was a three-time Democratic presidential nominee and served as Secretary of State under President Woodrow Wilson, said "No man can earn a million dollars honestly". He campaigned under the idea that all of the wealthy are corrupt, and the United States needed reform. It's a sad state of affairs that the majority of our citizens won't vote for politicians that represent the interests of the working class. Almost all of our politicians support and assist the wealthy, and refuse to acknowledge the issues facing the working class, yet people keep putting them in office.
Historical note: $1million in his time is $36.5m today
Wow, that really put it in perspective. How far we have let greed get the better of ourselves. Where are the guardrails to prevent this?
Inflationary currency needs and expects this. Just how it works.