Blame the government for all of it. It's not the fault of the people making the money, which by the way, the government in their class warfare rhetoric classifies people making $250k/yr and above as rich. If you live in NY and husband and wife make $250k they can afford a 1 maybe 2 bedroom apartment, a car, and child care for the kids, because both have to work to live in NY. They don't have yachts or beach houses in the Hamptons. They are not rich. They work hard. They have little savings and they don't want to be told that enough money isn't coming out of their checks. The taxes that they want to raise are not on Warren Buffet or Bill Gates who are perfectly willing to pay them. They are talking about taxes on the couple that I just mentioned and on people with small businesses who invest their capital and spend 24/7 building small businesses that employ people in the communities. The government need to increase taxes on a broad base to have any meaningful increase in revenue. There aren't enough CEO's to make a difference in tax revenues.
There have always been rich people and their always will be under any form of government. If you seized all the assets of every millionaire and a million ain't much these days, you wouldn't make even a slight dent in the national debt, so going after the rich isn't going to solve a thing. It's a diversion by politicians who point the peoples anger at the rich and then they hit them up for campaign contributions.
Overinflated housing costs is the fault of who... CEO's? or government and Federal Reserve policies that kept interest rates low and mandated loans so that every American could share in the American dream whether they could afford it or not. The government is still pumping money into Fannie Mae and Freddie Mac to artificially inflate the housing market. They are artificially keeping interest rates low when they should be rising from the unprecedented increase in the money supply. The low interest rate are putting tremendous pressure on all financial institutions which will continue to fail if the artificially low rates continue.
Crushing School debt? Whose fault is that ... the CEo's ... the rich? Why doesn't anyone protest the universities for their ridiculously expensive tuition and the ridiculous rate of inflation in school tuition when the rest of the economy is flat. What about the people who mindlessly send their kid's to colleges and incur the crushing debt for their kids to get a worthless education and worthless degree in something like History. I love history, but you ain't gonna get a job with a history degree. I spent about $120 k putting my Daughter through Northeastern Univ and that was with a $10 k per year scholarship. She had a game plan. She went into an under served field-- Chemical Engineering. She had multiple job offers when she graduated in May. Northeastern also has an excellent coop program for kids to get work experience while going to school. I refused to send her to NYU -- a better school, because she only applied to their general studies program and she was going to graduate with a worthless degree in liberal art or something. I wasn't going to pay $200 k for that. Parents incur enormous debt to send their kids to school with no game plan no strategy. I'm sorry, but that is just stupid. Would you go to a real estate broker and give him $250 k for a house without knowing anything about the house? Wouldn't you want to know where it is, how big it is, is it soundly constructed and on and on? Does anyone look at the rate of employment by new graduates of colleges as part of the process? No they don't, and the fact that they are not prepared for any profession or job when they graduate ain't my problem. It is their problem and so is their school debt.
Every family has people who can' make it or who have trouble getting started. I callously call them losers. People sometimes need a cold slap of reality. In my parents and grandparents generation, huge debt wasn't incurred for the kids and those people who needed help getting through life were taken care of by their families, because they are not everyone else's problem.