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Politics : Mainstream Politics and Economics

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i-node

To: Broken_Clock who wrote (48820)	7/17/2013 8:51:04 PM
From: TimF	1 Recommendation Read Replies (1) of 85487

A transfer is when you take from A and give to B. Not when A sells something to B and profits by it. Not when A works for C, who pays him a lot more than B. Not when A makes a good investment. The government takes massive amounts of money from the wealthy. Some of that goes to other wealthy people, but much of it goes to the non-wealthy. The net transfer is massively away from the wealthy even with all the bailouts and crony capitalism we have had in recent times. There is no contraction between that fact and growing inequality. (BTW inequality grew up to and in the 90s, not as much since then)

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