>>29474126
You copped out and still couldn't argue against my posts.
The poor had more wealth in the 1950s and the 1960s as a greater percentage of the overall country's wealth. That's in stark contrast to today where that percentage has been falling since the 1980s.
The 1980s didn't coincide with some massive increase in regulation. It coincided with the opposite. Deregulation and lower corporate tax rates have enabled businesses to do a fuck ton of stock buybacks and grow in other markets (overseas), but none of that is benefitting the domestic poor.
Stock buybacks and increasing stock performance only help people who already own those assets. Same with housing speculation and increasing home valuations.
I'll be blunt. Immigrants, identity politics, and the inherent economic incentives in capitalism are to blame. Immigrants lower wages and U.S. companies have been firing whites and replacing them with Indians with visas (Microsoft, Google, Apple, tech, etc), and as i mentioned, incentives/motivation. In capitalism, businesses have shareholders who want to see increasing stock gains every year. Stock gains correspond with better business performance (financial statements, innovation, etc.), so businesses have to keep making more operating income or profit every year to keep delivering on stock performance.
To do this, they either keep lowering costs and / or increasing revenues and, depending on the market structure (competitive, monopoly, monopolistic), how they do this varies. In monopolistic or monopoly structures, businesses can just keep increasing the price since elasticity (how quantity demanded from consumers responds to a change in price) is low and most markets outside of food production are monopolistic to a degree. So businesses have incentives to keep charging consumers closer to their maximum willingness to pay, which hurts poor people.
I also said identity politics since it came in around 2013 after occupy wall street to divert attention.
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>>29474126
You copped out and still couldn't argue against my posts.
The poor had more wealth in the 1950s and the 1960s as a greater percentage of the overall country's wealth. That's in stark contrast to today where that percentage has been falling since the 1980s.
The 1980s didn't coincide with some massive increase in regulation. It coincided with the opposite. Deregulation and lower corporate tax rates have enabled businesses to do a fuck ton of stock buybacks and grow in other markets (overseas), but none of that is benefitting the domestic poor.
Stock buybacks and increasing stock performance only help people who already own those assets. Same with housing speculation and increasing home valuations.
I'll be blunt. Immigrants, identity politics, and the inherent economic incentives in capitalism are to blame. Immigrants lower wages and U.S. companies have been firing whites and replacing them with Indians with visas (Microsoft, Google, Apple, tech, etc), and as i mentioned, incentives/motivation. In capitalism, businesses have shareholders who want to see increasing stock gains every year. Stock gains correspond with better business performance (financial statements, innovation, etc.), so businesses have to keep making more operating income or profit every year to keep delivering on stock performance.
To do this, they either keep lowering costs and / or increasing revenues and, depending on the market structure (competitive, monopoly, monopolistic), how they do this varies. In monopolistic or monopoly structures, businesses can just keep increasing the price since elasticity (how quantity demanded from consumers responds to a change in price) is low and most markets outside of food production are monopolistic to a degree. So businesses have incentives to keep charging consumers closer to their maximum willingness to pay, which hurts poor people.
I also said identity politics since it came in around 2013 after occupy wall street to divert attention.
You copped out and still couldn't argue against my posts.
The poor had more wealth in the 1950s and the 1960s as a greater percentage of the overall country's wealth. That's in stark contrast to today where that percentage has been falling since the 1980s.
The 1980s didn't coincide with some massive increase in regulation. It coincided with the opposite. Deregulation and lower corporate tax rates have enabled businesses to do a fuck ton of stock buybacks and grow in other markets (overseas), but none of that is benefitting the domestic poor.
Stock buybacks and increasing stock performance only help people who already own those assets. Same with housing speculation and increasing home valuations.
I'll be blunt. Immigrants, identity politics, and the inherent economic incentives in capitalism are to blame. Immigrants lower wages and U.S. companies have been firing whites and replacing them with Indians with visas (Microsoft, Google, Apple, tech, etc), and as i mentioned, incentives/motivation. In capitalism, businesses have shareholders who want to see increasing stock gains every year. Stock gains correspond with better business performance (financial statements, innovation, etc.), so businesses have to keep making more operating income or profit every year to keep delivering on stock performance.
To do this, they either keep lowering costs and / or increasing revenues and, depending on the market structure (competitive, monopoly, monopolistic), how they do this varies. In monopolistic or monopoly structures, businesses can just keep increasing the price since elasticity (how quantity demanded from consumers responds to a change in price) is low and most markets outside of food production are monopolistic to a degree. So businesses have incentives to keep charging consumers closer to their maximum willingness to pay, which hurts poor people.
I also said identity politics since it came in around 2013 after occupy wall street to divert attention.