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No, the poor are also getting richer: https://fred.stlouisfed.org/series/WFRBLB50107 https://fred.stlouisfed.org/series/WFRBLB50107 You're looking at what perc
by dahfizz 6mo ago
No, the poor are also getting richer: https://fred.stlouisfed.org/series/WFRBLB50107 https://fred.stlouisfed.org/series/WFRBLB50107
You're looking at what percent of the total wealth pie do the poor get. But the pie itself is growing, and so is _everyones_ slice of the pie.
Maybe you think its an inherent problem that some people get a bigger percent of the pie than others. But its objectively untrue to say that the poor are getting poorer.
- willis936 6mo agoThat stat is not real income. The dollars don't matter if they buy less.