Those who defend American-style, winner-take-all capitalism declare that the increasing wealth of the wealthy is good for everyone. But, as they're daydreaming about this in their Ayn Rand fantasy land, the rest of us must deal with the reality of life. And that reality is this: As millionaires & billionaires keep hoarding more and more wealth, wages are stagnating, personal debt is rising, and vacations are out of reach for millions of Americans. Once again, trickle-down economics, and the snake-oil salesmen who peddle it, have been exposed for the frauds that they are.
In 1944, President Franklin Roosevelt said: "We have come to a clear realization of the fact that true individual freedom cannot exist without economic security and independence...We have accepted, so to speak, a second Bill of Rights under which a new basis of security and prosperity can be established for all regardless of station, race, or creed. Among these are...The right to earn enough to provide adequate food and clothing and recreation..." (see "State of the Union Message to Congress, January 11, 1944," FDR Presidential Library and Museum, emphasis added).
Welcome to the Reverse New Deal: No time or money for a vacation when you're working for the 1%.