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"Income Inequality" is a complete misnomer in this case because even according to this article, the wealth gains are made from investment income ("And it's this
by bmmayer1 13y ago
"Income Inequality" is a complete misnomer in this case because even according to this article, the wealth gains are made from investment income ("And it's this investment income, rather than ordinary earned income, that's creating this extraordinary wealth gap").
Increased investment income is a good thing because it points to investment income for everyone else, too: your grandma's pension, your 401(k), your stock portfolio. This is just evidence of the pie getting bigger, not a small handful of robber barons running off with everyone's money, as this amusing "1%-er" talking point is always presented to be.
- pr0zac 13y agoAsking because I don't understand the thought process involved in these posts. Are you purposely choosing to ignore things like the first graph that shows more than 60% (almost 80%) of people having a net negative change in income over the last 30 years or just not understanding what that graph means?