- Jan 9, 2010
- 4,282
- 2
- 76
Not looking to jump on the 1% vs 99% here, interested in ideas why this wealth/income divide has come back since the early/mid 1970's. We had tax changes and we left the gold standard around this time. Given the recent jump since 2008 for the 1%, it's worth noting this was when QE and ZIRP polices from the FED were put into place.
Taken from:
http://charleshughsmith.blogspot.com/2015/09/time-to-trade-in-your-jag-benz-bmw-for.html
The US economy IMO has allowed for massive wealth skims through a model of granting productivity rewards to owners through the equity markets. How to return productivity rewards to the workforce when the main levers of the economy (The FED) appear to be beholden to wall street?
Unsure if a remedy is worse than the disease, ie) resolving the wealth inequality divide makes everyone worse off. Is cheaper really more expensive? ie) offshoring jobs to lower cost of goods hurts majority of Americans.

Taken from:
http://charleshughsmith.blogspot.com/2015/09/time-to-trade-in-your-jag-benz-bmw-for.html
The US economy IMO has allowed for massive wealth skims through a model of granting productivity rewards to owners through the equity markets. How to return productivity rewards to the workforce when the main levers of the economy (The FED) appear to be beholden to wall street?
Unsure if a remedy is worse than the disease, ie) resolving the wealth inequality divide makes everyone worse off. Is cheaper really more expensive? ie) offshoring jobs to lower cost of goods hurts majority of Americans.
Last edited: