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So this is pretty much your ideal economy huh?
I never said that.
The impoverished are still impoverished, just a whole lot more of the middle class now swell their ranks thanks to the 30 year experiment with trickle down economics.
Actually the current situation has our monetary policy, protectionism, corporatocracy and spending to blame. The shrinking middle class has nothing to do with a failure of wealth to trickle down to them. The people are ultimately to blame for the out of control spending and wars its government engages in, the devaluation of their currency, and the ruinously low interest rates. In a democracy the people always get exactly what they deserve.
And no amount of taxing the rich could have prevented this nor covered the deficits.
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