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I call bullshit on this. The nordic countries have a pretty great tech sector too, and they don't suffer from this. Its a policy thing, and I was always under t
by MrBuddyCasino 13y ago
I call bullshit on this. The nordic countries have a pretty great tech sector too, and they don't suffer from this. Its a policy thing, and I was always under the impression that this is a choice that the USA has made consciously, and is widely acepted as a given - that cutthroat capitalism creates greater inequality, with (maybe) bigger growth rates.
- api 13y agoI agree. Reaganomics started massively concentrating wealth long before the Internet came along.
- dragonwriter 13y agoSurprisingly, cutting the (progressive) income tax rates and raising the (flat-to-regressive) payroll tax rates made the rich richer and the poor poorer. Who could have guessed?
- api 13y agoTrickle down economics would only work if your average rich person were a Jeff Bezos, Steve Jobs, or Elon Musk, not an overstuffed communist apparatchik in a business suit.
- kgmpers 13y agoI was going to say this. A good book on the policies that helped kill unions and weaken the middle class is Who Stole the American Dream by Hedrick Smith. http://www.amazon.com/Stole-American-Dream-Hedrick-Smith-ebook/dp/B007MEWAX2 http://www.amazon.com/Stole-American-Dream-Hedrick-Smith-ebo...