With only around 500 billionaires in the country

[danielpalos]

Well the problem is the rich have gotten lots of breaks and there has been nothing in return. Lots of inequality leads to a stagnant economy, that is where we are now.

No, the rich have the same breaks everyone else has access to. It's not a fault that they have more financial success, and thus more opportunity to access some of those breaks. And once again, there is the "return" of being treated like a cash cow to ravage by people like you.

You keep asserting "inequality causes stagnation" like you think correlation equals causation. Not so.

You are a fool if you think it doesn't slow the economy.
Income inequality hurts economic growth, researchers say

The paper by Barry Z. Cynamon and Steven M. Fazzari, economists working with the Weidenbaum Center on the Economy, Government and Public Policy at Washington University in St. Louis, says that stagnant income for the “bottom 95 percent” of wage earners makes it impossible for them to consume as they did in the years before the downturn.

Consumer spending, which drives 70 percent of the U.S. economy, dropped sharply during the recession. And while it has picked back up in the years since for the top 5 percent of wage earners — which the Census Bureau defines as households making more than $166,000 a year — “there is no evidence of a recovery whatsoever for the bottom 95 percent,” Fazzari said.

So is it the fact that other people aren't as poor as they are that's the problem, or the fact that they're being prevented from improving their own lot in life? And if it's the latter, what's actually causing the prevention?

Once again, correlation does not equal causation.

The jobs aren't there, the proof of that is the stagnant wages.

The jobs are all going to illegal aliens thanks to Democrats.

don't blame the left for not wanting to educate labor; and insist on illegal CEOs, for a pay raise.

 

[Cecilie1200]

No, the rich have the same breaks everyone else has access to. It's not a fault that they have more financial success, and thus more opportunity to access some of those breaks. And once again, there is the "return" of being treated like a cash cow to ravage by people like you.

You keep asserting "inequality causes stagnation" like you think correlation equals causation. Not so.

You are a fool if you think it doesn't slow the economy.
Income inequality hurts economic growth, researchers say

The paper by Barry Z. Cynamon and Steven M. Fazzari, economists working with the Weidenbaum Center on the Economy, Government and Public Policy at Washington University in St. Louis, says that stagnant income for the “bottom 95 percent” of wage earners makes it impossible for them to consume as they did in the years before the downturn.

Consumer spending, which drives 70 percent of the U.S. economy, dropped sharply during the recession. And while it has picked back up in the years since for the top 5 percent of wage earners — which the Census Bureau defines as households making more than $166,000 a year — “there is no evidence of a recovery whatsoever for the bottom 95 percent,” Fazzari said.

So is it the fact that other people aren't as poor as they are that's the problem, or the fact that they're being prevented from improving their own lot in life? And if it's the latter, what's actually causing the prevention?

Once again, correlation does not equal causation.

The jobs aren't there, the proof of that is the stagnant wages.

The jobs are all going to illegal aliens thanks to Democrats.

Some are. Is it just because of Dems though? Repubs own congress and do nothing.

And it hasn't dawned on you that conservatives are if possible even more angry at establishment Republicans than at Democrats? I mean, it's not like you can expect any better of Democrats, so it's hard to be disappointed when they live down to their own level.

 

[Ray From Cleveland]

No, the rich have the same breaks everyone else has access to. It's not a fault that they have more financial success, and thus more opportunity to access some of those breaks. And once again, there is the "return" of being treated like a cash cow to ravage by people like you.

You keep asserting "inequality causes stagnation" like you think correlation equals causation. Not so.

You are a fool if you think it doesn't slow the economy.
Income inequality hurts economic growth, researchers say

The paper by Barry Z. Cynamon and Steven M. Fazzari, economists working with the Weidenbaum Center on the Economy, Government and Public Policy at Washington University in St. Louis, says that stagnant income for the “bottom 95 percent” of wage earners makes it impossible for them to consume as they did in the years before the downturn.

Consumer spending, which drives 70 percent of the U.S. economy, dropped sharply during the recession. And while it has picked back up in the years since for the top 5 percent of wage earners — which the Census Bureau defines as households making more than $166,000 a year — “there is no evidence of a recovery whatsoever for the bottom 95 percent,” Fazzari said.

So is it the fact that other people aren't as poor as they are that's the problem, or the fact that they're being prevented from improving their own lot in life? And if it's the latter, what's actually causing the prevention?

Once again, correlation does not equal causation.

The jobs aren't there, the proof of that is the stagnant wages.

The jobs are all going to illegal aliens thanks to Democrats.

don't blame the left for not wanting to educate labor; and insist on illegal CEOs, for a pay raise.

WTF is an illegal CEO?

 

[danielpalos]

You are a fool if you think it doesn't slow the economy.
Income inequality hurts economic growth, researchers say

The paper by Barry Z. Cynamon and Steven M. Fazzari, economists working with the Weidenbaum Center on the Economy, Government and Public Policy at Washington University in St. Louis, says that stagnant income for the “bottom 95 percent” of wage earners makes it impossible for them to consume as they did in the years before the downturn.

Consumer spending, which drives 70 percent of the U.S. economy, dropped sharply during the recession. And while it has picked back up in the years since for the top 5 percent of wage earners — which the Census Bureau defines as households making more than $166,000 a year — “there is no evidence of a recovery whatsoever for the bottom 95 percent,” Fazzari said.

So is it the fact that other people aren't as poor as they are that's the problem, or the fact that they're being prevented from improving their own lot in life? And if it's the latter, what's actually causing the prevention?

Once again, correlation does not equal causation.

The jobs aren't there, the proof of that is the stagnant wages.

The jobs are all going to illegal aliens thanks to Democrats.

don't blame the left for not wanting to educate labor; and insist on illegal CEOs, for a pay raise.

WTF is an illegal CEO?

what do you think? it is about labor.