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More austrian economics. He is advocating removing all safety nets so people will just hold on a little tighter...so what happens when they actually fall...Too bad I guess.
In reality he is calling for greater productivity (hold on tighter) for workers. How has that worked so far.
As you can see from the chart below, although productivity has gone up because hourly wages have stayed the same. I think the graph shows that Austrian economics is not going to end the income disparity.
No Austrian has ever made the claim that following their economic policies will end income disparity.
I don't get how eliminating the mortgage deduction helps the middle class, why own a house, why not just rent and have less headaches. Rich people aren't the only ones who own houses.
Personally I want to work for a company that makes a ton of money, and I don't care if the CEO makes 1 million or twenty million a year. The only problem that I have is when is when the CEO who makes twenty million a year lays off employees and makes twenty five million the following year. A true CEO who cares about their buisness cuts back during hard times, lays employees off and takes a lesser salary, not a greater one.
When did this 'income inequality start? Is this some new complaint?
Or has it been with us for thousands of years. Even last century some people attempted to 'fix' things. Anyone remember the Communist experiment in the old soviet bloc of nations? Didn't work out too well.
Liberals always think there is 'inequality' when someone has a dollar more than them.
When did this 'income inequality start? Is this some new complaint?
Or has it been with us for thousands of years. Even last century some people attempted to 'fix' things. Anyone remember the Communist experiment in the old soviet bloc of nations? Didn't work out too well.
Liberals always think there is 'inequality' when someone has a dollar more than them.
Income inequality was the same in 2007 as it was in 1929.
The highest income inequality of all times in the US was in the late 1990's. That time where liberals look to for paying off the debt.
When did this 'income inequality start? Is this some new complaint?
Or has it been with us for thousands of years. Even last century some people attempted to 'fix' things. Anyone remember the Communist experiment in the old soviet bloc of nations? Didn't work out too well.
Liberals always think there is 'inequality' when someone has a dollar more than them.
Income inequality declined between WWII and (approx) the mid 1970s and has been creeping up since. Finally people are noticing. Probably has something to do with downward mobility and declining opportunity for younger Americans. A common worry today - unprecedented in known American history - is that our children will be worse off than we are.
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