TRUMP WILL TAKE FORTY STATES...UNLESS THE SAME IDIOTS WHO BROUGHT US THE 2020 DUNCE-O-CRAT IOWA CLUSTERFUCK CONTINUE THEIR SEDITIOUS ACTIVITIES...THEN HE WILL WIN EVEN MORE ..UNLESS THE RED CHINESE AND DNC COLLUDE, USE A PANDEMIC, AND THEN THE DEMOCRATS VIOLATE ARTICLE II OF THE CONSTITUTION, TO FACILLITATE MILLIONS OF ILLEGAL, UNVETTED, MAIL IN BALLOTS IN THE DARK OF NIGHT..
De Oppresso Liber
dukkha (06-24-2021)
You are correct that people with money generally don't leave it all in a checking account. And the stock market is one of the places that they put it. But it's not the only place. And access to capital markets is what gives so many businesses the funds they need to grow, which in turn grows our economy. So that's not a bad thing.
That's the only problem Biden hasn't already solved. He definitely solved the take all power from Trumfucks problem.
Aggregate demand, consumption and debt
Conservative researchers have argued that income inequality is not significant because consumption, rather than income should be the measure of inequality, and inequality of consumption is less extreme than inequality of income in the US. According to Johnson, Smeeding, and Tory, consumption inequality was actually lower in 2001 than it was in 1986.[55][56] The debate is summarized in "The Hidden Prosperity of the Poor" by journalist Thomas B. Edsall.[57] Other studies have not found consumption inequality less dramatic than household income inequality,[58][59] and the CBO's study found consumption data not "adequately" capturing "consumption by high-income households" as it does their income, though it did agree that household consumption numbers show more equal distribution than household income.[60]
Others dispute the importance of consumption over income, pointing out that if middle and lower income are consuming more than they earn it is because they are saving less or going deeper into debt.[61] Income inequality has been the driving factor in the growing household debt,[58][62] as high earners bid up the price of real estate and middle income earners go deeper into debt trying to maintain what once was a middle class lifestyle.[63]
Central Banking economist Raghuram Rajan argues that "systematic economic inequalities, within the United States and around the world, have created deep financial 'fault lines' that have made [financial] crises more likely to happen than in the past" – the Financial crisis of 2007–08 being the most recent example.[64] To compensate for stagnating and declining purchasing power, political pressure has developed to extend easier credit to the lower and middle income earners – particularly to buy homes – and easier credit in general to keep unemployment rates low. This has given the American economy a tendency to go "from bubble to bubble" fueled by unsustainable monetary stimulation.[65]
https://en.wikipedia.org/wiki/Effect...mic_inequality
Top incomes have grown MUCH faster than lower incomes since 1980. The wealth gap has increased even faster.
start losing the rich adn taxes are not going to meet projected receipts
I don't know how you were diverted / You were perverted too
I don't know how you were inverted / No one alerted you
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