"trickle down theory" seems obviously correct to me. Like, if a person has lots of money, it's stupid to sit on it - they invest it, found businesses, hire people, buy things - all of which are putting money back into lower tiers of the economy to me. Am I missing something big?
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I think you have to look at the wealth and see if it ultimately redistributed among lower classes. Since the 80s the opposite has happened. The 1%’s share of total wealth has increased since then and continues to while <1% has an ever decreasing piece of the pie.
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I guess I didn't think about 'redistribution' as being the goal, I thought of it as simply 'benefitting the lower class.' Reducing the wealth gap seems like weird goal to me - why do you care about how better the top people have it as long as your own experience is getting better
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Poverty rates have remained roughly the same since the early 1980s, not gone down. You can look these things up, actually.
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I think maybe she’s looking at global poverty rates.
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