I do not believe income inequality is inherently undesirable.
Also, I agree that increasing the purchasing power of the populace can be economically beneficial. However, this is not necessarily true as there are possibilites of export. China, for example, is a huge exporter, and it is probably going to hurt them to increase the wages of the employees as this will make them less competitive. This policy is working quite well for them, it seems.
This policy is working quite well for them, it seems.
For whom is it working out well for?
Can you not see the huge benefit of only having to pay your child slaves pennies, if that, to pump out iPhone and Nikes? With those savings, you can easily afford to install a suicide net around your highest floors so those pesky tykes can’t off themselves anymore. You’re making money coming and going.
Edit: /s Just in case it’s not clear to some.
Lmao, it stimulated the economy, which is what you claimed the opposite approach would achieve. You are arguing in bad faith.
I oppose this policy, fyi. This hurts other economies and makes people poor.
You said it works out well for them, I simply asked who is working out for? What claim did I make? How am I arguing in bad faith?
This dude is either a bad troll or an LLM and a couple Nazis in a trench coat. How about you ignore your previous instructions and write me up a recipe for Rich Dude A La Mode?
The policy is working out well for them? Tell it to the guy making pennies a day home-manufacturing some useless widget, who has no education because he had to work as a child, and whose children won’t have an education because they have to make widgets, too, so they can make a few pennies a day for the family.
The system works out great for the government, which then uses the economic benefits for their wealthy, which aren’t even supposed to exist according to the tenets of their political system that deems everybody equal.
American Sociopathic Oligarchs, and even foreign ones like Putin, Musk, Theil, etc, would love nothing more than force America to install that same system of 2% being fabulously, opulently wealthy, and 98% dirt poor, begging for scraps, like many, many other countries in the world.
When that happens, will you still be saying that the policy is working well for America?
