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So let me get this straight, the upper middle class increased by 16.5% population. Wealthy people increased by 1.7% op the total population. Non-wealthy middl
by c3534l 10y ago
So let me get this straight, the upper middle class increased by 16.5% population.
Wealthy people increased by 1.7% op the total population.
Non-wealthy middle class shrunk by 6.6% of the population.
Poor people also shrunk, presumably by the remaining 11.6%.
So it sounds like everyone is doing well. Why is everyone angry and bitter then in these comments? This sounds like great news to me. Don't we want there to be more wealthy people and fewer poor people?
- zghst 10y agoSomehow wealth is synonymous with evil, cheating oppressor these days...
- FilterSweep 10y agoNo - that depends on how that wealth is acquired, or more relevant to the past decade, how it's maintained
- antisthenes 10y agoIn the case of land, wealth is also zero-sum, which imposes tremendous externalities on people who have not been land owners historically and allows the rent-extracting classes to widen the inequality gap (because the tax/benefit ratio for land is incorrect)