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Politics : Mainstream Politics and Economics
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To: Broken_Clock who wrote (48827)7/18/2013 6:47:13 PM
From: TimF  Read Replies (1) of 85487
 
From your link

"Even though the housing bubble and resulting collapse is over, millions lost equity in their home as well as their jobs. Many had their retirement in 401ks wiped out. The super rich on the other hand rode the Wall Street recovery to even more riches."

Again, getting richer isn't a transfer. Where is the transfer?

Oh there was some, bank bailouts, bailout of GM etc. but not a general transfer of wealth to the rich, and not enough to a subset of the rich to equal out the transfer away from the rich in general
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