that's what I said.Simon_Jester wrote: Stagnant real wages and increased income in the 1% suggest that all that increased wealth is being funneled into the hands of the upper class.
But your other points are correct - i didn't consider accumulating debt, nor a government lowballing inflation. hah!
And yes, the same percentage reduction in wealth (for whatever reason) will hurt the poor more then the wealthy. always.
I'm just waiting for someone who knows more economics to come and hit the two of us with a wet towel.