| CaptainExplosion said: ...wealth inequality being even higher...it's like we really are in the 1920s again. -_- |
Ok, I'll bite.
What is so damned wrong with wealth inequality?
So data is apparently only widely available back to 1929 (https://www.pbs.org/fmc/book/9money3.htm), but average incomes for the middle fifth of the country have risen from $15,000 in 1929 to $47,000 in 1998 (insert comment to make you mad that even a minimum wage family would earn more today than in 1929).
The average middle income family can buy three times more than in 1929.
But apparently we are more concerned with the rich being even richer yet...why are people so OBSESSED with other people having more money than them? The family that owns the company I work at is worth billions of dollars...but I live a pretty damned good life, which has seemingly got better and better over the nearly 30 years of my life. So what the hell is the big problem?
While it really isn't even part of my argument (as I'm just arguing that wealth inequality isn't that big of a deal)...we quite frankly do it to ourselves by continuing to buy the products from the giant corporations, rather than supporting local businesses (or even starting your own businesses).
Money can't buy happiness. Just video games, which make me happy.
