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Turns out all that happened was the rich benefitted and the poor suffered. Who'da thought?
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Well it wouldn't be the issue that it is if we had a system that was designed to at least be somewhat responsive to popular opinion. It's not like anyone can just wave a magic wand and reform our antiquated system. It was very deliberately designed to be very difficult to change and there are powerful interests doing everything they can to make sure it that it doesn't.