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What would a president who is barely in office for a year have to do with decades of poverty development and increases in income inequality ?
by jsemrau 9y ago
What would a president who is barely in office for a year have to do with decades of poverty development and increases in income inequality ?
- davidf18 9y agoThe Trump tax cuts are reducing transfer payments from wealthy to the poor. As mentioned, poverty in America has been around for a long time. Obama was in office for 8 years, yet no report or article. This article is (effectively) about reducing the transfer payments to the poor. The structural problems in the economy are caused by market failures such as rent-seeking and rent-seeking applied to property is a huge issue. My point is that there are enormous transfer payments to the wealthy from poor, working class, middle- and upper-middle class - a regressive tax. Regressive taxes such as the rent-seeking should be reversed before worrying about the transfer payments from wealthy to poor.