The richer and more powerful the federal superstate gets, the poorer the people get. I guess you can call it 'progressive trickle down economics'. It's just that it seem that the bloated Federal river runs dry before it gets to the common people.
So since 2001 real per capita spending by the Feds has grown almost 50% or $3,500 in real terms. 10% of (falling) 2012 median income. Yet increasingly little (well now it's none) of this is finding it's way into pay packets. So where is the money going? To social security, Medicare, Food Stamps and other rapidly expanding bits of social democracy to make the people numb to the death of their hopes and dreams. Oh, and to cronies. Lots of cronies.
If I didn't know better I'd call all of this 'progressive' social 'democracy' part of an elite scam to protect their power and privileges in all of what Tyler Durden calls the 'Cartel and Rentier' sectors of our economy. But that can't be true, can it? I mean everyone who is 'great' and 'good' agrees that the glorious Federal super state must wax so therefore the common man must necessarily wane. In modern 'Progressive' parlance we need to be 'nudged'. And poked and shoved and slapped and....looted. Don't forget looted.
For the greater good, you see.
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