Washington DC’s Reverse Robin Hood Model: Steal From The Middle Class And Bottom 50% And Give To The Elites (The New Forgotten Man)

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Robin Hood is a legendary heroic outlaw originally depicted in English folklore and subsequently featured in literature, theatre, and cinema. Traditionally depicted dressed in Lincoln green, he is said to have stolen from the rich to give to the poor. Politicians have created the new “Forgotten Man” by Amity Shlaes.

However, politicians like Joe Biden, Chuck Schumer, Mitch McConnell are “reverse Robin Hoods” dressed in business suits (although Jamie Raskin D-MD is often seen wearing a bandana and John Fetterman D-PA is often seen in a hoodie and shorts). They instead enact policies that steal from the middle class and give to themselves and the donor class. How do you think that politicians like the Bidens, Obama, Clintons and AOC go in broke and emerge as multi-millionaires?

Part of the problem with the reverse Robin Hood model is the Federal Reserve itself. They helped punish the 99% with inflation due to excessive money printing. The share of total net worth held by the top 1% has exploded since The Fed’s rate cuts following the 2001 recession. The Fed has never lowered rates since to levels we saw prior to the 2001 recession, although The Fed is getting close.

Then we have the green energy hysteria (which like pornography excites the brain and distorts logical thinking). Wealthy donors have received a massive windfall (along with China) from Biden/Congress’s green energy spending (scam). The middle class and low-wage workers are now playing higher utility bills (sacrificial lambs on the altar of global warming … or cooling) along with seeing gasoline and diesel prices far higher than before Biden was elected. Gasoline prices are up 46.25% under Biden and diesel prices are up 55.6%.

I like this chart of the distribution of household wealth by income group. The top 1% (the elite Pelosi class, are getting wealthier and wealthier. The 90-99% group are doing well, but not as well as the top 1%. The bottom 50% (who the Washington DC elite class seems to have forgotten about)

Here is a table of the same data.

Then we have the exploding mortgage rates under Biden. Rates are up over 155% under Old Grandad Joe Biden. Another shot through the heart of the middle class. And Washington DC is to blame.

Speaking of Washington DC millionaire elites, I want to share this picture with you. Hillary Clinton is NOT Robin Hood but an example of a REVERSE Robin Hood.

Published by confoundedinterest17

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