this post was submitted on 22 Oct 2023
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[–] Changetheview 38 points 1 year ago* (last edited 1 year ago) (1 children)

This is the result of decades of growing income inequality, which is now well developed into tremendously higher wealth inequality. You can thank lax tax policy, stagnant wages, and investment-return focused society.

The economy has grown. The pie is bigger, but the growing pie is not being distributed properly. And the existing one is being redistributed toward the wealthy.

[–] DougHolland 13 points 1 year ago

It's impossible to agree with you more than I agree with you, and I've tried. :)