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They don't care about this country or the people in it.
In 1980 Ronald Reagan's office of budget and management influenced trickle down economics, uncapping salary's and bonuses and more. From that point on the business's became more about farming people than it was about the product. The payrolls being used less became the easy way to keep the profits high instead. They claim it a duty to investors, but from my decades in the workforce it is much more about personal gain for the people at the top.
The main influencer of trickle down, from Reagans budget office went on to investment banking, then to private equity. Where he met likeminded people that knew exactly how to abuse the system he had put in place. Judging from the outcome 40 years later I believe trickle down was intentional without good intent. Private equity firms began buying with loans from our country, to purchase our country. But they were not buying businesses really, they were buying payrolls in place for the people with reducing the use of those payrolls being the primary goal, stealing from the population building the country.
Then layoff culture became a way of life pushed on the people. If a person is in a job position and they have been there for 10 years making $100k, lay them off. Hire someone for $50k and lay them off at $70k. Rinse and repeat, the $30k forever into the profit sharing plans, and keeping the average pay for job positions perpetually down for decades. For 40 years now, all to the benefit of a tiny fraction of the population but also at great detriment to the country, its people and its growth. Our country was not designed for this and the older generation still thinks its the America they grew up in.
Sure government spending is a mess, but this here is the real problem. The government gets most of its spending money from income taxes from you and I. Wages that we were suppose to pay income tax on, social security, money for consumer products bringing in sales taxes, resources for society to go to school or buy a home, or have children to keep us above replacement rate, etc.
This was pushed on the people and the government never stopped any of it. Much like immigration, war, vaccines and many other things they shovel onto the tax payers. They just let it happen to the country and its people they govern, as long as they got their cut. Because they make profit on this thing the country has become, they want to keep the revolving door cattle farm going and even make it worse. Growth in this country has gone and is going more and more to the top as this system continues.




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