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The US is the most wealthy country in the world. The price increases in fundamentals and stagnation in wages reflects the growing power of the upper classes. If
by tehjoker 6y ago
The US is the most wealthy country in the world. The price increases in fundamentals and stagnation in wages reflects the growing power of the upper classes. If wealth was evenly distributed across the labor force, each worker would make $140k per year. If distributed evenly across the population, it would be closer to $70k. Instead it's closer to a $50k median wage with a huge tail of extremely poor people.
This doesn't even approach the idea that money and debt are fake anyway and are political choices that have been chosen to impoverish weaker citizens.
- tastyfreeze 6y agoThe growing power of the upper classes largely the result of the way currency debasement is performed. Banks get the money first. They get to spend the fresh money before anybody even gets a taste or prices have a chance to catch up. It is a wealth transfer from the lower classes to the upper class. Without debasement and government meddling the playing field is much more level.