Re: the rich being richer than them.
Kinda hard where the gov put them out of work but before covid the US had full employment and reducing relative poverty.
Your source says nothing about relative poverty.
Let's look at why employment was the way it was:
In sum, the current ultra-low unemployment rate is not due to a particularly high job-finding rate but rather to unusually low rates of people moving into unemployment, which reflects the long-run downward trend.
Comparing the actual and trend unemployment rates over time shows that the recent gap between them is similar to the gaps during the past two labor market peaks, in 2000 and 2007. This suggests that the current labor market is no tighter than during the previous peaks. These findings can help explain apparent anomalies in the current labor market, such as moderate wage growth and limited price inflation despite a historically low unemployment rate.
Nothing to do with the previous administration.
Why? I thought this was about equality? Therefore for all to be equal you soak the rich (including poor/middle class in the rich countries) to make all equal.
Basic mathematics would say that obviously reduces equality and widens the gap between the rich (most able to bear taxes) and the poor/middle class (not so able to bear taxes) in western countries.
A better kind of equality would be "levelling up" the poorer countries, wouldn't it?
Biting the hand that feeds IT
