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"The paper, by David Hope of the London School of Economics and Julian Limberg of King’s College London,"
Don't know much about how England's economy works but HERE the wealthy having MORE money SPEND more which "trickles down" to MORE jobs needed to fulfill the demand for products which helps CREATE MORE JOBS.
The WEALTHY spend more alright, but most of that is in GLOBAL STOCKS where the money leaves the country to invest in other countries.
So everybody in America gets rich unless they are stupid, some must just die waiting in line for their turn being king?
Seriously there simply arent enough "Indian Chief" jobs for everybody. You get to be Indian Chief by hook or by crook and that means most others dont.
Capitalism requires a "slave class" so others can live like a king, simple as that. Call it whatever you want. By way common sense tells you that it takes a whole lot of slaves toiling for that one rich guy to live like a king.
This is exactly it. Before globalization, there was a trickle down effect in the US. the industrial revolution and the rise of the middle class proved it. But greed triumphs over patriotism, and when the ultra rich decided that they could make even more by sending production outside the country, they did it as soon as they could. The government did nothing to stop it, because wall st loves globalization. This is why when people say "the stock market is doing great" as if that=the economy is doing great, they are wrong. Only if you earn your living off capital gains do you think this system works. The vast, vast majority of people in the US make a living on income, not capital gains, so policy that is geared towards satisfying people who live off capital gains hurts most of your citizens. But how do you sell it to people it's hurting?
You have people like Rush Limbaugh and all who came after him who've sold the crock..with a healthy dose of thinly veiled racial identity politics, he's convinced middle class white men that they are somehow would-be robber barons..they talk like it and they vote like it, and they play "team sports" politics on the internet like it. It's really the greatest swindle this country has ever seen. You listen to talk radio and you think that income polarization is because of "the liberals" in corporate America. This takes a special level of denial to accept such BS.
Because someone runs training videos saying you can't make racist jokes doesn't mean they are a leftist.
This is why I think we need to be pushing really hard to charge those that paid off politicians and sold out this country in order to fatten their wallets with Treason and the death penalty.
I know my view is a minority and we need to push it in media and internet to get it rolling.
We have babied and worshipped these *******s when we should be marching them to the electric chair.
Well, I am glad they can let in tens of millions of low skilled, legal and illegal immigrants, to continue keeping the wages down.
Those low skilled immigrants come, work their butts off in jobs like poultry plants, landscaping and nursing homes for low, low pay and those hard-working parents sent their kids to college and those kids are part of what has made America great. I look at the honor roll names at my local high school and the majority have foreign-sounding names.
Fairly obvious conclusion given the stagnant wages(despite rising productivity), wealth concentration, and monopolization trends/shrinking GDP share of small businesses.
Most reasonable compassionate people understand that trickle down economics do not work as we humans are all intrinsically greedy. We understand this even if those who have wealth try to push these false narratives of "you will benefit" if I get to keep more of my hoard, regardless of how it is spun, rinsed, washed and repeated. We understand that we and other humans will hoard more then what we need to the detriment of others because of our survivalist instinct.
The sooner we can evolve past this selfish way of thinking and enact policies and procedures that do the greatest good for the most people, even in opposition to those innate instincts, the better off we will be as a people and a civilization.
Any policy, law or procedure that puts and keeps wealth in the hands of the few at the expense and detriment of the majority is unethical. There is more then enough to go around for everyone but that will not happen if those in power continue to make laws and loopholes to benefit themselves, their friends and those in their tribe / circle at the expense of the majority. The ethical mentality should not be "I've got mine so get off my lawn" but instead, "I have mine, I have more then what I need so let me help you get yours to".
We are a smart and compassionate people. We can do better. I have faith in humanity to do the right, ethical and compassionate thing, even if it takes a little bit of time to get there.
Then what was it that made me financially independent?
Graduated high school, '63. Never went to college, and yet here I am - all the money and income I need with plenty left over. Something musta worked.
Doesn’t work that way anymore. My husband also dropped out of engineering and computer science college to get married and start our family in the early 70s. He was so lucky to be in the right time and place and did quite well as a software developer. Today’s computer guys need multiple degrees and specific training to get that work in big high tech. He wouldn’t be as lucky today.
Fairly obvious conclusion given the stagnant wages(despite rising productivity), wealth concentration, and monopolization trends/shrinking GDP share of small businesses.
And yet look at this data from the US government;
The 2019 real median incomes of family households and nonfamily households increased 7.3 percent and 6.2 percent from their respective 2018 estimates (Figure 1 and Table A-1). This is the fifth consecutive annual increase in median household income for family households
The 2019 real median incomes of White, Black, Asian, and Hispanic households all increased from their 2018 medians (Figure 1 and Table A-1).
Between 2018 and 2019, the real median earnings of all workers and full-time, year-round workers increased 1.4 percent and 0.8 percent, respectively (Figure 4 and Table A-6).
The 2019 real median earnings of men ($57,456) and women ($47,299) who worked full-time, year-round increased by 2.1 percent and 3.0 percent, respectively (Figure 4 and Table A-6).
The official poverty rate in 2019 was 10.5 percent, down 1.3 percentage points from 11.8 percent in 2018. This is the fifth consecutive annual decline in poverty. Since 2014, the poverty rate has fallen 4.3 percentage points, from 14.8 percent to 10.5 percent (Figure 7 and Table B-5).
The 2019 poverty rate of 10.5 percent is the lowest rate observed since estimates were initially published in 1959 (Figure 7 and Table B-5).
The sooner we can evolve past this selfish way of thinking and enact policies and procedures that do the greatest good for the most people, even in opposition to those innate instincts, the better off we will be as a people and a civilization.
This is true. Only a selfish person would think they are entitled to a portion of your income. Socialism is all about being selfish and entitlement. Socialism promotes the thought that what you earn doesn't belong to you, it belongs to selfish people. And that's why it always fails.
Capitalism is all about boosting the standard of living for everyone. And it has been hugely successful for decades.
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This takes a special level of denial to accept such BS. 
