Quote:
Originally posted by Spanky
As long as everyones incomes are rising who cares how much the rich are getting.
|
I think you're completely wrong in what you've just said. (Not about who cares how much the rich get, but in your rejection of the concept of a growing gap.)
There is at least one other factor to consider . . i.e. how much does the important shit cost as time goes on? How much are the prices for housing, health care, insurance, higher education, etc. rising each year?
That is why a person whose income goes from 100 to 110 isn't necessarily making any progress, and may be worse off. It is also why: (a) the relative and absolute gap between the bottom half (or pick a group) and the top 5-10% (which includes most all of us) has been notably increasing in the past 30 years; and (b) why the gap matters.
S_A_M
