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Well we're crushing the middle and lower class. Refusal to tax the rich and redistribute it downward, the constant weakening of unions, ineffectual antitrust en
by frgtpsswrdlame 9y ago
Well we're crushing the middle and lower class. Refusal to tax the rich and redistribute it downward, the constant weakening of unions, ineffectual antitrust enforcement, all of these contribute. Our economy depends on people who have a high marginal propensity to consume having enough money to spend it on discretionary goods.
- RodericDay 9y agoI agree with you and it's frustrating that this is sunk without a substantial response. A few months back, Matt Bruenig nailed it: "The unwritten story of the Juicero debacle is that high income inequality causes capital to be misallocated towards luxury production."