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79Trillion wealth transfer from lower 90% to top 1% explains MAGA

Discussion in 'BBS Hangout: Debate & Discussion' started by glynch, Jun 12, 2025 at 1:20 PM.

  1. glynch

    glynch Member

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    https://www.nationofchange.org/2025...edistributed-from-the-bottom-90-to-the-top-1/

    an excerpt: from RAND, definitely not a left wing outfit

    The RAND study paints a grim picture of wage stagnation for most Americans while the top 1% has seen exponential income growth. According to the report:

    • Since 1975, the bottom 90 percent of earners have lost a total of $79 trillion in cumulative earnings due to income inequality.

    • In 2023 alone, $3.9 trillion in wealth was redistributed from workers to the richest Americans.

    • If wages had kept pace with pre-1975 trends, the average full-time worker in the bottom 90 percent would have earned an additional $32,000 last year.

    • Median household income today would be double its current level if inequality had remained at 1975 levels.
     
    #1 glynch, Jun 12, 2025 at 1:20 PM
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  2. lionaire

    lionaire Member

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    #2 lionaire, Jun 12, 2025 at 1:40 PM
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  3. StupidMoniker

    StupidMoniker I lost a bet

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    Very misleading phrasing. The wealthy have seen more earnings growth than the poor. No money was actually transferred from the poor to the wealthy, outside of the poor buying stuff the wealthy were selling them. Me buying a big mac isn't a wealth transfer from me to McDonalds.
     
    #3 StupidMoniker, Jun 12, 2025 at 2:43 PM
  4. DaDakota

    DaDakota Balance wins
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    BULLSHIT, you cut their taxes and you take away benefits, it is a pure transfer of wealth.

    When corporations and their owners pay less % wise than migrant workers there is a problem.

    Stop sucking the billionaires knobs....

    DD
     
    #4 DaDakota, Jun 12, 2025 at 2:49 PM
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  5. StupidMoniker

    StupidMoniker I lost a bet

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    Cutting taxes is the opposite of transferring wealth. That is the purpose of taxation, to take wealth from people and spend it as the government sees fit, often by giving it to other people. A criminal who stops robbing you is not transferring wealth to you.
    Corporations and their owners pay much more % wise than migrant workers.
    Facts are not fellatio.
     
    #5 StupidMoniker, Jun 12, 2025 at 2:58 PM
  6. Jugdish

    Jugdish Member

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    We are sooo cooked.
     
    #6 Jugdish, Jun 12, 2025 at 3:16 PM
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  7. DaDakota

    DaDakota Balance wins
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    When you stop playing word games and give two ***** about anyone other than yourself, we might listen, but you don't you are a cuckold man for the billionaires....

    DD
     
    #7 DaDakota, Jun 12, 2025 at 4:07 PM
  8. mtbrays

    mtbrays Member
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    You're actually running a trade deficit with McDonald's at this point. Sad!
     
    #8 mtbrays, Jun 12, 2025 at 4:09 PM
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  9. glynch

    glynch Member

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    Good try.
     
    #9 glynch, Jun 12, 2025 at 4:18 PM
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