3 ms·
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 r
by 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.