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Comment by sershe

3 months ago

Why is that? Definition of working class can range from near everyone with a job to a lower stratum under the middle class to even more narrowly manufacturing and similar.

Nice cope out though. At least I provided some data and not just fact free vibes.

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sershe

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littlestymaar  3 months ago

> At least I provided some data and not just fact free vibes

Without realizing that the “data” contradicts your point despite only starting in the second Reagan term (hence entirely missing the point).

If you want to get actual data, see Saez and Zucman.

  • sershe  3 months ago

    You didn't originally claim above the inequality is increasing. The above posts make claims

    - about the post war welfare state versus the current system. I provided the data going back well before Reagan to show this is simply false. Unless of course by current system you mean 3x bloated welfare state.

    - that working class living standards are deteriorating. You provided no data for that. That's by the way why I'm confused as to what you mean by working class, if there was some proof perhaps I could have inferred by there isn't any.

    Inequality apriory has nothing to do with living standards. It does have a lot to do with vibes...

    But still, for taxes, here's data back to 79, before Reagan. Do you have better? If not how do you know? https://www.concordcoalition.org/deep-dives/issue-brief/hist...

    I agree wealth inequality is increasing but I don't think it's a real problem and disagree with all the rest. I wonder what percentage of wealth differential are productive or artificially scarce assets going up in price due to the money printing, eg like housing after covid binge