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by uptown 4209 days ago
It's fine to believe that. It promotes an economy that essentially looks like this:

"Change in median net worth 1983-2013"

Upper income families $321k

Middle income $2k

Low -$2k

Source: https://twitter.com/conradhackett/status/545260970256252929

2 comments

Are you going to factor in China and India from the same time period?
I don't know why this keeps being brought up. Do China and India cheer when the economy picks up in the U.S., for reasons other than the increased demand they'll experience? Does GE include Microsoft's performance in its reports to shareholders?

I mean, fewer people starving is always awesome. But it is not the question being asked.

Considering that the time period of 1983-2013 catches the tail end of the worst housing crash in recent history kinda skews the numbers.