Millennials are the largest workforce and the least wealthy -- why?

[Caliman73]

21. Absolutely.

While no one ever really paid the top tax brackets in the 90% from FDR down to the 70%s during Kennedy's term, it still changed behavior. To avoid paying taxes, the wealthy had to at least put some of the money back into their companies.

There has been a 50 year push to shift the tax system from getting the wealthy to pay their share, onto the working and middle class. When Reagan was governor of California the state paid 80% of the cost of a degree, by the time he was president, the percentages were inverting to where the State pays maybe around 20% and people who want to get a degree pay more than 80% having to take on debt.

The luxuries of society go to the wealthiest while the rest of us are shouldering an ever increasing amount of the financial burden for those necessities and luxuries.