ROBERT REICH – Why the decline of public institutions? The slide . . . started more than three decades ago with so-called “tax revolts” by a middle class whose earnings had stopped advancing even though the economy continued to grow. Most families still wanted good public services and institutions but could no longer afford the tab. Since the late 1970s, almost all the gains from growth have gone to the top. But as the upper-middle class and the rich began shifting to private institutions, they withdrew political support for public ones.
Tag: Wall Street Bailout
How Much Have We Really Paid for the Wall St. Bailout?
SOURCEWATCH — Hint: Itâ€™s a lot more than $700 billion.