How the 10% came to control 90% of the Wealth of the U.S.

In the 1960s and 1970s 30% of the population controlled 70% of the wealth. We have not been to 90% of the wealth being controlled by by 10% of the population since the Wall Street Crash in 1929 just to show you how potentially bad it is to be here once again.

In life there are ebbs and flows of wealth. Something really good began in the 1930s during the establishment and increasing of unions here in the U.S. Though in time it became a mixed blessing because of Mafia involvement in Unions also, still at the same time it created Great wealth among the middle class of the United States. It is fair to say in some ways until Unions a good sized middle class didn't really exist once the industrial revolution occured which ushered in Mass production and Unions.

Then Unions were fairly strong until the 1980s when Reagan began Union busting. This in some ways broke the back of Unions which was the beginning of a death blow to the Middle Class in the U.S.

The next blow to the U.S. and European Middle Class happened because of Globalization, where someone anywhere on earth could make something and easily sell it here in the U.S. because of business conducted on the Internet. So, the next blow to the Middle Class hit from Globalization.

The next blow to the Middle Class in the U.S. and Europe occurred because of 9-11 which caused an extreme amount of military expenditures on expensive weapons like Missiles, Helicopters, tanks, humvees etc. The money went into military hardware to protect the U.S. and Europe but took away money from Schools at every level and other kinds of peaceful research and helping people progress.

The collapse in the early 2000s of the Dow Jones was sort of a warning to all  middle class people to start to get out of the Stock market. But, the coup de grace of the middle class was the Great Recession when almost all middle class people got out of the stock market when it dropped from 14,000 to about 6900 and stayed fairly low for quite a while.

This bankrupted many people when their homes lost half their value AND the stock market tanked so many people never recovered their middle class status from 2007 to 2010 or even to now.

However, since property values haven't recovered very much a lot of places (except more expensive places) even people who had their houses paid for couldn't benefit a lot from owning their houses outright except they had a free place to live as long as they paid their property taxes ongoing.

So, unless you invested in the STock market long term you did not benefit from 6900 going now to 18,000 this last month. But, the 10% who could afford to leave their money in stocks did so and now they are the 10% and the middle Class of before is basically gone.

But now, the 10% is not necessarily feeling happy about being the 10% because they are seeing all the suffering of people struggling still all around the country. So, many of the 10% are trying to figure out ways to help more people than they already do.

The problem is that trying to help people in a truly safe way is now much harder than before because of the increased state of desperation in a lot of people.

Before 2006 there were many less desperate people for the 10% to help. So, trying to figure out how to help more people safely is quite a chore these days for the 10%. However, for those who have never been the 10% they likely wouldn't understand this at all.

So, this time how does wealth go to 30% controlling 70% of the wealth which is much healthier than what we have now???

Hopefully, it won't take another Great Depression worldwide to get there this time because of present demographics it likely would be somewhere between 20 to 30 times worse than the last one. So, getting to a world where 30% (in the U.S. and Europe) control 70% of the wealth) once again is in all our long term best interests.

Because without a healthy well educated and funded middle class in democratic nations democracies can only become oligarchies and police states where minorities are imprisoned and killed by police and not given jobs because they are minorities.

So, once again, how do we get back to a healthy Middle Class in democratic nations around the world like the U.S. ?