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> the rich have been transferring money from the poor to themselves at a dramatic rate. 1. The poor don't have money to be transferred to the rich 2. The top
by WalterBright 2y ago
> the rich have been transferring money from the poor to themselves at a dramatic rate.
1. The poor don't have money to be transferred to the rich
2. The top 1% pay 40% of the Federal income taxes
3. Medicare, Medicaid, Education and Social Security are wealth transfers to the poor
The wealthy businessmen created their wealth, it was not transferred to them.
- ProllyInfamous 2y agoWhere is all this productivity [0] going, then, if not to wages? Is it just "disappearing" [unlikely, IMHO]? [0] researchgate.net/figure/US-Productivity-and-Hourly-Compensation-Source-Bureau-of-Labor-Statistics_fig1_270640833
- WalterBright 2y agoIt goes to the government. The government consumes something like 24% of the GDP.
- Straw 2y agoWages don't count benefits, total compensation has risen faster than wages.
- deleted 2y ago[deleted]