"The real takeaway should be 40% of Americans prefer their fantasy of Socialism over Capitalism."
I'm surprised it's that low.
"Since 1975, practically all the gains in household income have gone to the top 20% of households."
People who were born around then have lived through a system that leaves 80% behind.
Take it twenty years into the future, and if that trend wasn't enough, you've got your Millennials who turned 18 right around the time this became the truth:
"Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income."
If half of those in the bottom tier are smart enough to figure out what's going on, it explains why 40% of Americans aren't enthused about Capitalism. Because it's not rewarding them, it's rewarding the rich.
Perhaps it's too much to hope for, but it seems like they've figured out that ours is not a system that's designed to reward them. It's a system that's designed to reward the rich.
It's good news that four in ten of Americans have figured it out. That's more than have college degrees, for example. That's kind of a sign of how obvious it must be.
Now, some would argue our economy is not explicitly designed to do that; but rather that's just an unintended consequence, exacerbated by politicians! What's happened "Since 1975" isn't because of capitalism, but rather the, end of WWII, abandoning the gold standard, technology, computers, immigration, civil rights, welfare, the Department of Education, the Environmental Protection Agency, it goes on forever. Every one of those are capitalist versions of die-hard Trostkyites who will tell you the USSR wasn't true Communism.