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That money did not vanish.
It moved upward.
Republican leaders drove many of the policies that made this shift possible. Taxes on high incomes and capital gains were cut. Labor unions were weakened. Regulations on corporations were rolled back. Corporate consolidation created powerful monopolies. Executive compensation was increasingly tied to stock prices, rewarding executives for enriching shareholders above all else.
Democrats share responsibility for what happened next. Over time much of the party drifted away from the working class coalition that once defined it. Labor unions lost influence. Rural organizing declined. Campaigns increasingly focused on wealthy donors and professional suburban voters. The party that once represented factory workers, farmers, and union members slowly became less present in the communities where those voters lived.
Working class voters noticed.
The results are impossible to miss, especially in rural America. The average CEO of a large American corporation now earns roughly $16 million to $20 million per year, often far more when stock awards vest, while many workers earn between $20,000 and $35,000 annually. Median rural household income is about $55,000. A $20 million CEO salary equals more than three centuries of rural household income. In many rural counties a corporate executive earns more in a single week than a local household earns in an entire year.
While inequality exploded, the political conversation in many rural communities shifted away from economics and toward cultural conflict. Immigration. Identity politics. Urban versus rural resentment. These issues dominate political messaging while the economic structure that hollowed out rural communities continues largely untouched.
If rural communities are going to reclaim their future, the conversation about economic power has to return. That is one reason Rural Americans United is launching a communications effort across rural Washington, including a network of billboards placed along rural commuter corridors. The goal is simple: create a visible presence that encourages voter participation and reminds people that democratic government can still work for working people.
The working class built the prosperity of this country. Over the last half century $50 trillion was taken from them through policy and political power.
It is time we take it back.
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