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> the rich have been transferring money from the poor to themselves at a dramatic rate.

1. The poor don't have money to be transferred to the rich

2. The top 1% pay 40% of the Federal income taxes

3. Medicare, Medicaid, Education and Social Security are wealth transfers to the poor

The wealthy businessmen created their wealth, it was not transferred to them.



Where is all this productivity [0] going, then, if not to wages? Is it just "disappearing" [unlikely, IMHO]?

[0] researchgate.net/figure/US-Productivity-and-Hourly-Compensation-Source-Bureau-of-Labor-Statistics_fig1_270640833


Wages don't count benefits, total compensation has risen faster than wages.


It goes to the government. The government consumes something like 24% of the GDP.


… and then 40% of the GDP comes from the public sector.

Centralized systems are more efficient by definition, it’s why the public sector can seemingly magically multiply money where the private sector cannot.


That's federal only!




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