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This isn't interesting at all, and should not be a headline in a respectable newspaper. The wealth gains are on par with market gains. The absolute dollar val
by jknoepfler 9y ago
This isn't interesting at all, and should not be a headline in a respectable newspaper. The wealth gains are on par with market gains. The absolute dollar value of the gains is almost certainly not headline worthy. The richest individuals lost trillions a few years ago in the crash, they gain trillions in a boom. That's exactly what one would expect.
I'm fiercely opposed to the regressive turn the economy has taken, but I'm just as fiercely opposed to hysterical garbage journalism. We won't correct the broken social contract by heaping nonsense upon injustice.
I'm all ears for constructive policies to tie earnings for the least wealthy to market gains, since the real problem is lack of ability to invest wages in the market, but I don't see that on offer here.