3 ms·
Fixed pie fallacy. We have a shrinking middle class because the middle class has become the upper class, not because the rich are richer. The top being higher
by vorpalhex 5y ago
Fixed pie fallacy. We have a shrinking middle class because the middle class has become the upper class, not because the rich are richer.
The top being higher doesn't lower the base. There is more money today than a decade ago.
Merely taking money from the wealthy does nothing to improve the standard of living.
- aaomidi 5y agoHave literally any proof of what you're saying? > There is more money today than a decade ago. Where is it then?
- vorpalhex 5y agohttps://tradingeconomics.com/united-states/money-supply-m2 https://tradingeconomics.com/united-states/money-supply-m2 https://fee.org/articles/why-our-shrinking-middle-class-is-a-good-thing/ https://fee.org/articles/why-our-shrinking-middle-class-is-a... The answer to where the money has gone is sort of everywhere. Everything from social security payments to military budgets has increased. Everyone makes more and things cost more too.