To ensure economic fairness, an appreciable portion of the gains of economic growth should be devoted to social progress, which alone will improve people’s quality of life.
The unemployment rate in April, 2019, was the lowest since the late 1960s. Despite its auspiciousness, there was no improvement in the 90-plus percent patriotic Americans’ standard of living and quality of life. The past 30 years have witnessed either forlorn stagnation or mournful decline in those patriotic Americans’ standard of living and quality of life. Almost the entire productivity increase was taken by capital owners and corporate executives. In the meantime, America’s never-ending violence, corruption, and prejudice have caused huge wealth destruction, wealth abuse, and wealth waste. A huge amount of America’s wealth was siphoned away by endemic incorrigible corruption.