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So you claim the problem is not inequality, then. So why are we talking about inequality instead of this income drop? If you want to argue inequality is a probl

So you claim the problem is not inequality, then. So why are we talking about inequality instead of this income drop? If you want to argue inequality is a problem by itself, your argument must apply to my hypothetical also. Also, I'd love to see evidence of an income drop (not to be confused with a wage drop, since wages are only a shrinking fraction of income).

woodandsteel 10y ago
The problem has to do with two things: income stagnation or drop, and growing inequality. According to conservative trickle-down economics, it is good if the rich get richer, because they can only do so in ways that make everyone else richer too. And that idea for a long time lead most people to support laws that make it possible for the rich to get richer. But what has been happening for at least 30 years is the rich are getting considerably richer, but everyone else's income is either stagnant or dropping. To expect the general public to continue to be happy with this state of affairs is simply unreasonable.