General Discussion
In reply to the discussion: "Seattle's Socialist City Councilor Offers Radical Response to Obama Speech" [View all]colsohlibgal
(5,276 posts)Socialism is an economic term applied to the political arena. Nothing wrong with democratic socialism.
You can still get well off under this system, it's just really hard to get filthy rich.
I think part of the psychology of middle class folks supporting unfettered capitalism is the lottery mind set - I'm going to hit the lottery and when I do I want to pay lower taxes on it. Of course they odds are astronomically against any thing of the sort. So in the end almost every person like that just winds up carrying water for the Walton heirs and their likes.
In the end, even old Henry Ford knew a rising tide lifts all boats, it's not top down, it's bottom up to the top. When people have the money to buy stuff they buy stuff and boom goes the economy.