N_Lens 4 days ago

Economy growing at 3-5% in the US. Rich people's wealth growing at a far higher rate. Which means the middle class wealth is getting siphoned to the rich. The middle class is getting poorer and we can all see that.

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  • Manuel_D 3 days ago

    > Rich people's wealth growing at a far higher rate. Which means the middle class wealth is getting siphoned to the rich.

    No, that logic doesn't follow. Say my wealth grew by 3% and my neighbor's grew by 5%. That doesn't imply any sort of "siphoning" at play.

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    • JackSlateur 3 days ago

      Which is exactly the same as "my wealth was constant and my neighbor's grew"

      Which is exactly the same as "my neighbor's the same and my wealth decreased"

      Which is exactly the same as "getting siphoned to the rich"

      Money have no intrinsic value: its only value is relative the others (and also depends on what can be bought ..)

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  • votepaunchy 3 days ago

    Or the wealthy are pulling up the average and most of the rest are not “growing the economy” with increased productivity.

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    • dns_snek 3 days ago

      I think we should put this to the test. The working class stops working for a week/month and we'll see how "productive" the rich capitalists really are.

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