From 1989 to 2019, typical working families saw a negligible increase in wealth.

Meanwhile, the wealthiest one percent got $29 trillion richer in those same 30 years.

It’s bad for our economy. Worse for our democracy.

@rbreich

Most of their new $29 trillion came, directly or indirectly, from creating our $31 trillion national debt.

@rbreich this spans most of my working career.
@rbreich An unjust society? Maybe, just maybe?
@rbreich they now control, what needs to be controlled...
@rbreich everyone should get paid basically same wage as on company proved it does work...plus when some filthy rich can give themselves a 3 million dollar raise and then get millions of government money to do renos within sites and build more, but charge atrocious amounts for food and supposed to the lower end cost of products and is not...what exactly is happening ????
@rbreich Trickle down is a fraud. Trickle up is designed into every financial system. Humans have always been a natural resource to be harvested by the elite.
@rbreich the distribution of wealth has never been equal, the rich and poor have always existed side by side but we now have more access to these disparities and mediums to talk about it. We have lost all sense of community and the greater good.
@rbreich Wait till you see what public utilities do. It makes trickle down look like a one year old's birthday party.

@rbreich
As an experiment I let an AI evaluate this statement:

"Some of the arguments made in the statement seem quite reasonable and supported, while others could be expanded or balanced with additional perspectives to strengthen the overall analysis."

https://poe.com/s/sc320R0hGKNWdGyXB1Dt

Please evaluate the content of the following statement: "From 1989 to 2019, typical working families saw a negligible increase in wealth. Meanwhile, the wealthiest one percent got $29 trillion riche

Claude-instant: " This statement makes the argument that economic inequality has increased substantially over the past 30 years in the US, to the detriment of the overall economy and democracy. Specif

@rbreich When I was a boy voices for social justice and responsible government spending alerted me to the possibility that the space program, landing astronauts on the moon etc, which inspired me to adopt a lifelong love of learning, were wasteful expenditures when so many Americans were impoverished. Well … 40 years later government spending like that is all but unthinkable & all we have in exchange is a mega-wealthy American oligarchy, a vanishing middle class and even worse poverty.