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Re: Oxfam: 85 richest people as wealthy as half of the world's population

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 23 Jan 14 9:35 PM | 46 view(s)
Boardmark this board | The Trust Matrix 		Msg. 15137 of 54959
(This msg. is a reply to 15116 by clo)
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Just a quick observation re a rising tide raising all boats ...

Unfortunately, it just isn't so.

"Conservatives have recently made a horrifying discovery: if you look not at nominal but at real incomes, Census data do not show a rising tide raising all boats — they show income actually falling for the bottom quintile."

- Krugman blog

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The above is a reply to the following message:
Re: Oxfam: 85 richest people as wealthy as half of the world's population
By: clo in ALEA
Mon, 20 Jan 14 10:43 PM 		Msg. 15116 of 54959

Hi Cactus Flower,

a rising tide lifts all boats, but we are in stagnant waters...

and its times like these a dictator-like candidate can rise, playing to the fears of the public.

these wealthy few, need to remember why Ford did well, he paid a wage so the employees could buy the product.

Walmart employees are being subsidized by food stamps & Medicaid, yet many republicans are opposed to raising the minimum wage... infuriates me!

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