Economics Thread

[sturg33]

Not in comparison to the upper class, which is the only realistic way to measure it.

There are less poor people, and more rich people, than 30 years ago.

Wealth will never be earned equally has reach people can make money much faster than non rich people.

Plus the fed has really given the rich people a massive boost

[Jaw]

It shouldn't be earned equally, but it also isn't healthy for a large portion of it to be held by a fraction of a percent of the population. As long as corporations (and that fraction of a percent that control them) can teleport those jobs to the lowest international bidder without financial penalties, the imbalance will continue to increase.

Wealth is more concentrated now than when the 16th Amendment was passedat the end of the Gilded Age. Ironically, we've twisted that amendment from a heavy tax applied only to the very wealthy so that the middle class gets to pay a large part of it. I suppose that is better left to a different discussion.