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Excellent summation of why the little (and middle) guy is hurting and thus, why the entire economy is hurting.
A catch 22. More money has been removed from the economy by the super rich. Thus, there is no money for the rest to borrow, grow ect and the economy will remain stagnant or sinking.
The super rich (top 1%) are now taking 20% of the total income vs 10% in 1980. The super rich (1%) now control 40% of total wealth.
Was unaware that 35% is the top tax rate now versus 1980 it was 70%.
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