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user-inactivated  ·  4011 days ago  ·  link  ·    ·  parent  ·  post: Rich People Actually Don't Create The Jobs - Business Insider

I was just talking about the graph you posted in your comment. It essentially makes the point I was talking about, unless I'm missing something. It's true that "almost all" income growth (adjusted for inflation) has gone to the top X percent in the last 30-40 years. Sure there're semantics involved but the gist is that income disparity is very real -- true.

    You are saying that income disparity is serious because it stops us from fixing other problems.

Among other things! I mean ... I wouldn't want to be one of the other 90 percent, would you? Etc.

Those others are ... long questions. Problems with the economy ... I mean, pick your poison. No jobs, no investment, the stock market is back to booming and yet look around -- is it working? Fed's impotent. But yeah, I think it's true that even if we could right the economy, as we have in the past, if it follows the current pattern it may only help the top ten percent. Probably already happening -- I hear JP Morgan's doing pretty well these days ... Joe Dirt is unemployed.

People smarter than me have argued that income disparity isn't inherently bad as long as the low end is still a livable wage. The America of the 1950s, basically. No one complained about it back then, because everyone had a white picket fence. I'm not sure. While income disparity isn't inherently bad, envy certainly is, and one follows the other.