In his column “The Economic Struggle: A Growing Concern for Many Americans,” Larry Edelman sheds light on the financial stress that many people are currently feeling. Despite the long-standing struggles of the economy, the impact of extreme tax cuts for the wealthy, deregulation, and policies that favor only the middle class have led to a widening wealth gap that threatens our democracy.
This growing wealth gap has become increasingly clear in recent years, with many Americans feeling stressed and angry about their financial prospects. The phrase “It’s the economy, stupid!” may have been used during Bill Clinton’s presidential campaign, but it is no longer just about the economy. Political decisions made over the past few decades have had a significant impact on people’s financial well-being. Anti-worker and anti-middle class policies have caused widespread financial stress that cannot be ignored.
Instead of dismissing people’s frustrations as simply being political, it is crucial to recognize and address the real financial struggles that many Americans are facing. The combination of extreme tax cuts, deregulation, and anti-middle class policies has created a perfect storm that is causing widespread financial stress. It is time for a serious evaluation of these policies and their impact on American people to ensure their economic stability.
