Your thesis is the government consumption of the GDP has nothing to do with where the productivity improvements went?

You’re comparing decades of productivity going to capital to debt incurred within the last half decade (“Here's where the money went”).

The US does have a lot of sovereign debt, no doubt, but that’s not why Labor isn’t seeing a greater share of the productivity gains since the 70s. A loss of collective labor power and 10% of the country owning 89% of public equities gets us here.

Need more unions/labor organizing and ratcheting down the work week to 4 days.

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-...

> why Labor isn’t seeing a greater share of the productivity gains since the 70s

Globalization seems like a major factor that's often ignored for that. We had productivity gains. We didn't benefit from them as much as expected because people in Asia had bigger productivity gains. Joe six pack now competes with people in China working 996 instead of just his neighbors like in the 70s.

I presented a chart going back to 1970. It covers the time period in question. It shows an enormous increase in government per-person spending. Why do you think that has nothing to do with where did the money from the productivity increase go?

> the other half was tax cuts for the wealthy

The other political sports team cuts taxes for the rich too. For instance they recently removed the cap on the SALT tax deduction which primarily benefits rich people, largely in coastal cities, i.e. those most likely to vote for and donate to them.

This isn’t true - the cap on SALT tax deduction hasn’t changed since it was put in place in 2017.

Some members of congress, apparently from both major parties, are proposing legislation to raise the cap from $10,000 to $100,000 or otherwise raise or remove the cap. But these proposals are not certain to go anywhere.

Ha ha ha. If you taxed 100% of the wealth of the wealthiest (Bill Gates, Elon Musk, Zuckerberg, John Kerry, et al - everyone worth say over $100 million) amongst us, you wouldn't even make a dent in the national debt. And I mean take every nickel they have, the national debt will still be out of control. The old saw that tax cuts for the wealthiest increases the national debt is an argument that simply cannot stand up to scrutiny.