Quote:
Originally Posted by Grapesoda
a serious question: do you factor in immigration, legal and illegal in to your "majority are getting poorer" statement referring to the west or are you specifically referring to the world in it's entirety? do you have a solution that is real world practical?
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Yes.
Unless migration is strictly controlled low wage earners grow at a rate the country cannot support. They often need benefits even if in work, they take the jobs of low-skilled workers and both lower wages and put indigenous people out of a job. With the progress of automation, most of these people will be access to requirements.
The only solution is to tax imports from countries that rely on cheap labour to undercut Western Workers and production Plants. Unless those countries buy as much as they sell to the First World.
Then a cut in the population. Limit Child Care and tax deductions to 1 or 2 children. It's not people in a shop that drive's spending, it's the money in the people's pockets. Assuming the people with money aren't only the 10%.
The only other solution is the top 20% pay a lot more in taxes to support the growing poor sector. That doesn't solve the root of the problem and costly. The problem will be getting large corporations to allow politicians to carry through the measures.
Europe is turning against the EU. America is turning against the Washington bubble. The EU will be reformed in a big way or disintegrate, they're now talking about making Europeans poorer to scare them away from voting to exit the EU. Will Americans start to kick out the politicians on billionaires payrolls?
Yes I know Trump is a billionaire, you guys messed up not voting for Sanders. When are the next set of elections?