If you divided all the stocks issued in the US stock markets by issue number
and put them in a basket, chose one randomly,
there is an 87% chance that that specific stock belongs to someone in the top 10% of wealth in the country.
There’s either millions or billions of stocks in existence, but this is still true.
Reminds me of this site (which offers no answers):
You did all this in the shower?
Add inflation, and housing costs for a real shocker of a graph.
Ahh, Nixon
That's right around the time "Business Administrators" came on the scene. "How can we squeeze even more juice from the lemon" seems to be their only administrating task.
What happened in 1973?
Bring back the tax brackets from the 1960's.
One of the most important drivers is the abolition of wealth taxes in the 70‘s. Although there is no exact date on which it happened (since wealth taxation in the US was fairly complicated, and rolled back over several decades); the 70s certainly played a pivotal role.
With no wealth taxation, nothing stops the ultra rich from amassing all the wealth, outcompeting workers and middle class. That’s what you are seeing here.
The good news is: all this productivity increase was real. The wealth increase is real. We just have to give it back to the ordinary people, and will see a massive economic boost across the globe. There’s just one little thing stopping us: we gotta tax the ultra rich ;-)
Its important to note that productivity line basically means profits from the company. And then you have to understand that more money is happening in the economy but pay is remaining the same.
All that money had to go somewhere and it hasn't been the workers for a while.
I could give you some indepth economic analysis, and behavior philosophy behind business spending, but the easiest?
Just unionize. Now. Volunteer time to talk outside work hours. Speak to local professionals like accountants and lawyers to help pro-bono with getting setup.
Talk to political offices locally, run if you can.
Talk about these issues with strangers. Print out your own corny pamphlet newspaper to educate someone willing to read.
Interested in learning more about U.S. domestic policy? https://www.federalregister.gov/ Stay informed, stay aware. If you know the laws and policy they're putting forward, you can do something about it.
Want to learn a bit more about international policy and events? https://news.un.org/en/
So Reagan?
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