4 ms·

I think wealth actually is being redistributed, but not in the sort of nefarious way that some people are claiming. Last year incomes went up for the lowest ea

I think wealth actually is being redistributed, but not in the sort of nefarious way that some people are claiming. Last year incomes went up for the lowest earners. When less wealthy people get more money they tend to buy material, mass market goods. Large corporations tend to be the main suppliers of those goods. Thus, increasing buying power at the lower end of the income distribution results in companies earning more money.

wyre 5y ago
Incomes went up for the lowest earners because of the trillions the government pumped into unemployment. You’re right that all this money gets spent and funneled up to large corporations, except now these large corporations are buying property en masse and aren’t significantly raising wages for the lowest earners, especially not enough to keep up with the inflation caused from all the stimulus. I guess the point is these corporations need to be taxed at higher rates so low earners aren’t being shafted by our broken economic system.