| IIIIITHE1IIIII said: Is the poor getting poorer a problem? Yes. Is the rich getting richer a problem? Sometimes. Certain rich individuals and companies donate to charity, while others (probably most?) do not. Is balanced taxes the solution? Yes. |
It is said, in absolute terms, the human race is getting richer. In relative terms though, there is the compounding effect I talk about here happening, where the well off have advantages that compound. It is this compounding effect I ask about.
But, there is also talk of generations being worse off than their parents. We are very likely looking at in America at least, that generations are financially worse off than their parents. They start life with much larger debt, to even be able to compete in area where they can get ahead, due to student loan debt, and have less net worth. So, it could be also in absolute terms. I know I am worse off, very likely FAR worse off than my parents, eventhough I have an advanced degree. I also have the debt to go with it. I personally am compounding the wrong way here.
