jpete wrote:Davian wrote:jpete wrote:
Every line on that graph is positive. Who is the "wealth" coming from to increase the "One Percenters"?
If they went up, you'd expect at least one line to go down.
You have to factor inflation into it...once you do that, those lower groups have actually gone down since the early 1980s.
Inflation tends to average just under 4% long-term, FWIW. The last 30 years of economy policies (under both Parties) have basically been a massive wealth transfer from the middle class to the wealthy.
AHHH! "Inflation" you say? And who controls that?
Honestly? Nobody and everybody. Inflation can be influenced by the Federal Reserve but not controlled. It existed long before the Fed and was subject to far greater swings (the various economic Panics of the 19th century and the Great Depression are great examples of that)
Going into the reasons and various causes of inflation would take a couple dozen pages of text just to get the basics in place let alone a real answer to that.