Bruno J. Navarro: A staggering $50 trillion. That is how much the upward redistribution of income has cost American workers over the past several decades.

A staggering $50 trillion. That is how much the upward redistribution of income has cost American workers over the past several decades.

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Securetime.com A report shows that a $50 trillion redistribution of income to benefit the richest has made America less healthy, resilient, and secure

It's almost as if our economy policy is a national security risk.

…brilliant observation…

True - but we have to make clear _who_ is largely responsible. It wasn't driven by natural forces but because Republicans, starting with Reagan in '81, legislated it, primarily with tax cuts.

Not just cuts, systemic restructuring of the tax code to give advantage to the wealthy

Well, the wealthy did write the tax code after all.

And the Dems rolled them all back.... right? Right?!?!?

apnews.com/article/irs-...

It's bourgeois "democracy" that allows this at all. Dictatorship of the rich sells itself as freedom, but neoliberalism will always have ways for the rich to roll back progress. They must be suppressed & their assets expropriated.

Don’t forget the pandemic had much to do with it.

sounds like this is what happens when you motivate the rich: grand theft.

grand grand grand grand theft

Trickle down doesn’t work but gushing up sure does.

We're extremely past due for a revolution. The 1% must be overthrown and all of their stolen gains redistributed.

But it's the transgenders' fault. And books.

$50 trillion buys a helluva lotta highly effective multi-year carpet-bombing electorate-bamboozling disinformation campaigns.

Once again: Every shitty thing happening right now can be traced in a straight line to Reagan.

Thank you for saying it, I’m so tired of saying it.

It was my pinned t***t at the bad place.

Don't forget Newt Gingrich. Gingrich was the foot soldier who actually made it happen.

As a Marxist, I feel like there shoulda been a revolution sometime after 2008.

In 1980, they decided the middle class was a target-rich environment, and they haven’t stopped since.

"That is an amount equal to nearly 12 percent of GDP—enough to more than double median income—enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Every month. Every single year."

Written by a venture capitalist. Guess they've noticed all the goods and services can't buy one customer.

I would love to see an updated version of this article, given that I suspect the data's only gotten much, much worse since it was first published in Sept 2020. (Grocery prices have tripled in plenty of places since then, for instance...)

which is why - both my husband I can't make it on just our BS and MS degrees and have to hustle w a side business

I don't know what to make of an article like this in a magazine owned by Marc Benioff. It makes me want to air fry my eyeballs.

Love living trying to survive end stage capitalism strangling itself to death on the greed of the worst of humanity

📌

Reaganomics

Voodoo economics.

Trickle down economics? How does that work* when the top 1% have coffers built like Hoover vacuums? * that never, ever works. It’s a scam.

The interesting question is, what happens if that gap that’s grown since the 70’s starts to shrink. Will that cause more widespread contentment with the economy? Is it even possible without a Great Depression level wealth destruction event?

I saw a video about making money expire like how food goes bad, paired with UBI.

Am article about this concept with a few (short term) real world examples blogs.worldbank.org/allaboutfina...

ahem ahem cough cough *violent revolution* cough ahem

We’ve had a similar pattern in the UK

I won't be very popular on Facebook after that post ..

MAGA tears everywhere and I don't really care....

We keep being told that the economy is “great” and how unemployment is so low. Which means that the government isn’t going to do anything about the wealth inequality that is killing the middle class, keeping us all poor and sick. All while we send BILLIONS in military aid abroad.

"What, so you want to basically steal money from the rich to give to the poor?" Yes.

Why not, they stole it from the poor in the first place.

This dude and/or dudette gets it

Yes but they with all that money they were able to give us chatgpt, destroy twitter, make self driving cars that run over pedestrians, and nfts! Clearly they are the masters of the universe and deserved every penny

Of course it's made us less secure. Desperate people do desperate shit. Do we really need a study to tell us that?

Unfortunately it appears that if the society is set up to prevent solidarity, as the US is, then desperate people think it's their own fault and they become homeless or they die of diseases of despair.

This should be a crime.

Welfare Queens

The facts alone are radicalising

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