"Whatever the cause, the data are powerful because they tend to support two prejudices. First, that a system that works well for the very richest has delivered returns on labour that are disappointing for everyone else. Second, that the people at the top have made out like bandits over the past few decades, and that now everyone else must pick up the bill. Of course it is a little more complicated than that. But this downturn ought to test the normally warm feelings in America of the 99% towards the 1%."And if there's anything I like, ladies and gents, it's having my prejudices supported.
Thank you, Economist, for bringing so much joy to my lunch break.
1 comment:
Ah, but you see...turning the obscenely rich into the merely outrageously rich even for a short time, preceded the last two recessions. And you know what they say, post hoc ergo propter hoc!
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