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by Braggadocious
2374 days ago
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You're effectively describing trickle-down economics. "Help out rich people so they pay more taxes which will trickle down to poor people" That's not a real thing. The economy is trickle-up. Income inequality is widening. San francisco has the worst income inequality of any city in a developed country: top 1% earn 44x more than bottom 99%. The number of home owners has actually decreased in the last ten years. Cost of living have increased in line with what the top 1% are making. The recession hurt low income far more than the top and yet we subsidized the shit out of the top by giving tax breaks to tech and wallstreet. We basically created a drag race between a ferrari and a civic, gave the ferrari a head start, and then sat around waiting for the civic to catch up. |
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