Comment

Comment by paulpauper

you have to take into account that the total economy is growing and total wealth is growing. It's not like the rich a consuming an increasingly large percentage of a fixed pie. https://greyenlightenment.com/the-99-vs-1-who-is-exploiting-...

The pie is growing, so it's possible for the rich to have a larger percentage but everyone still see gains. This is manifested by rising standards of living, more purchasing power, and so on.

The US dollar has also gained a lot relative to foreign currencies since 2008, which makes imports cheaper and further boosts American standards of living and purchasing relative to the rest of the world.

The emphasis should be on boosting living standards than trying to enforce equality.

parent paulpauper 8 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton