georgephillip
Diamond Member
- Thread starter
- #101
No.Those gains came from bribing politicians for favorable tax treatment on "earnings" from "minimally taxed financial instruments" that have nothing to do with productive labor.
In 1980 the richest 1% earned 7% of our country's income.
Today they rake in over 20%
The only thing they've earned is a one-way ticket to supermax.
Do you think that we live in a Closed Economy?
That there is a finite amount of wealth to be made and that when someone makes more money someone else must make less in order for it to happen?
I believe there is a finite amount of total US income earned every year.
In 1980 the richest 1% of Americans earned about 7% of that total national income.
Today, they earn over 20% of each year's total national income.
Do you believe they have been working three times harder than the other 99% of Americans over the last forty years?