Report finds wealth of top 1% up $21T, bottom 50% down $900B since 1989

Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by daenz on Saturday June 15, 2019 @12:13AM (#20188357)

  >People's Policy Project
  >The primary mission of 3P is to publish ideas and analysis that assist in the development of an economic system that serves the many, not the few.

Some article titles:

  >Tackling Inequality Through the Social Ownership of Capital
  >Capitalism is hostile to families. The welfare state can fix that.
  >The Difficulty of Using the Firm in Socialist Policy

With this as context, it's pretty easy to see that the thread's post is clearly anti-capitalist, socialist propaganda, with a heavy political agenda to make people mad at "the rich" and support overthrowing "the system."

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Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by gnusty_gnurc on Saturday June 15, 2019 @10:54AM (#20190266)

Agreed - for the first time in history 50% of the world is middle class [1]. I’m much more optimistic than the article’s POV.

[1] https://www.brookings.edu/blog/future-development/2018/09/27...

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Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by ballenarosada on Saturday June 15, 2019 @12:15AM (#20188365)

Would you like to engage with the ideas in the piece?

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Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by daenz on Saturday June 15, 2019 @12:21AM (#20188384)

It's essentially "rich people are richer than me, and that makes me mad." There is no novel idea here to engage with. People have been jealous of wealth since the beginning of time. But now we cloak that jealously with faux moral outrage and elaborate economic "solutions."

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Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by orwin on Saturday June 15, 2019 @05:21AM (#20189109)

Workers are poorer. That's the issue. Wage slave is not just a fancy association of world, it is now the state of a lot of people.

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Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by ajross on Saturday June 15, 2019 @01:33AM (#20188525)

Can't it be "poor people are getting poorer because rich people are taking wealth away from them on balance, and that makes us mad". I mean... that's bad right? It should make us mad. We're a wealthier society on average than we were in the 80's, we all should be wealthier, yet we aren't.

I genuinely don't understand the denialism on this. You don't have to be a raving socialist to recognize that an outcome is unfair. Can't you be a free market republican and want to see the poor do better along with the rest of us?

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