Your ignorance is showing georgieboy...or maybe it's your IQ, I can't say for sure.
Tells us exactly HOW that wealth would have gone to other people if not for forcibly taking it through government backed wealth redistribution?
You talk as tough wealth is static, a fixed amount to be shared by the populace at any given point in time. Sorry but you're wrong about that. Wealth can be created or destroyed. That the top income earners gained more wealth over time does NOT mean they kept it from another percentile of income earners...unless of course you believe wealth is something that must be shared rather than earned or lost. Which is it georgieboy?
And while you're ragging on deregulation, please tells how regulations made airline ticket prices and route choices better before we partly deregulated the airline industry. Can't wait to hear your retort on that one!
After-tax income not wealth, Einstein.
Here's a link from my source.
The Tax Foundation - Summary of Latest Federal Individual Income Tax Data
Beginning about thirty years ago US incomes began to flat-line for most workers.
Jobs were outsourced.
Banking regulations were repealed.
Tax burdens were shifted from FIRE (Finance, Insurance, Real Estate) sector incomes to wage labor.
Would you agree all of the above qualify as "government backed wealth redistribution?"
Are you arguing that because airline deregulation proved beneficial it follows that all deregulation is equally useful to society? Are you calling for repeal of all motor vehicle regulations?
Same question stands. After tax wealth increases for a segment of the population...so what? How does that hurt anyone else...unless of course there is some "right" from a different segment of the population for a piece of that wealth. Are you saying that's the case?
Outsourcing of jobs is a business decision based on salary costs, union influence, health care requirements...you know, BUSINESS decisions. It has NOTHING to do with "redistribution", which only the government can do.
Lastly, yes, I'm arguing that because we see increased competition, and therefore lower prices and more choice for consumers, we should similarly deregulate other segments of the economy burdened by unnecessary and job killing federal regulations. If it worked so beautifully for the airline industry, why not others?