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uponit7771

(92,912 posts)

6. It's not the direct decrease in 60% living standard it's printing money for the rich that eventually lowers it.

Reply to Johnny2X2X (Reply #3)

Wed May 14, 2025, 01:51 PM

May 14

Biden and Obama years didn't allow for 10% gains as much in buying power cause they don't need it.

Both Bush and Trump admins did though, they expanded debt to GDP mostly focusing on the rich decreasing buying power and overall wages on bottom end and now inflation.

It's NOW TIME for someone to scream tax the rich and corps their effective share in assets.

There's little where else to go to pay off debt and increase the buying power or the 60%.

The upper 10% tax cuts were that devastating to the 70%

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Highlight:

Most Americans don't earn enough to afford basic costs of living, analysis finds [View all] WhiskeyGrinder May 14 OP

Meanwhile, America's billionaires - the greediest humans on earth - are set to "earn" trillions. Initech May 14 #1

But it'll all trickle down Yo_Mama_Been_Loggin May 14 #4

We'll get our reward in the sweet bye-and-bye LastDemocratInSC May 14 #10

It's exactly how cults recruit new members. Initech May 14 #12

"The Preacher and the Slave"...an old union song. keep_left May 14 #17

The day we working people are finally convinced and we rise as one, then It's on that day billionaires become obsolete. Magoo48 May 14 #14

Agreed! Billionaires should be obsolete. Initech May 14 #15

That's why I can never understand why so many magas vote repuke and are in that 60% category kimbutgar May 14 #2

They just want everyone doing as poorly as they are n/t leftstreet May 14 #8

Interested to see the data for years Johnny2X2X May 14 #3

It's not the direct decrease in 60% living standard it's printing money for the rich that eventually lowers it. uponit7771 May 14 #6

It's the lack of wage growth to follow gains in productivity Johnny2X2X May 14 #13

Interesting point, wage growth **RECENTLY** has been above average that's cause it was trash... uponit7771 May 14 #16

And far too many don't earn at all. OldBaldy1701E May 14 #5

USA! USA! USA! LudwigPastorius May 14 #7

They fear social unrest from middle class, but not the poors leftstreet May 14 #9

The Repuplican Party Mission Statement. twodogsbarking May 14 #11