S&P: The rich are too rich and it's not going to trickle down (user search)
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  S&P: The rich are too rich and it's not going to trickle down (search mode)
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Author Topic: S&P: The rich are too rich and it's not going to trickle down  (Read 576 times)
AggregateDemand
Jr. Member
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Posts: 1,873
United States


« on: August 05, 2014, 12:46:08 PM »

Unfortunately, redistribution does little to solve the problem. The middle class need to earn more, which is the moderate Republican argument for minimum wage increases (Romney).

How does the US increase wealth amongst the middle class without discouraging job creation and investment?

The US still hasn't solved this problem, and no one in Washington seems interested.
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AggregateDemand
Jr. Member
***
Posts: 1,873
United States


« Reply #1 on: August 05, 2014, 01:07:19 PM »

By decreasing the wealth of the rich, which is discouraging job creation and investment.

True, sadly. Then during the Great Depression to Stagflation era, we decided to tax away middle class wealth, and turn it into middle class entitlements, like military, NASA, infrastructure, and education. That went to hell in short order. None of the money goes to the working middle class anymore, which was somewhat predictable from the outset.
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