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May 14, 2024 · Rising income inequality, the disparity between the rich and the poor in the U.S., has been growing for decades. In 2021, the top 1% of earners controlled 32.3% of the nation's wealth, while the...
The rich get richer and the poor get poorer" is an aphorism attributed to Percy Bysshe Shelley. In A Defence of Poetry (1821, not published until 1840) Shelley remarked that the promoters of utility had exemplified the saying, "To him that hath, more shall be given; and from him that hath not, the little that he hath shall be taken away.
May 23, 2016 · Something massive and important has happened in the United States over the past 50 years: Economic wealth has become increasingly concentrated among a small group of ultra-wealthy Americans.
Aug 26, 2019 · Like most economists, he had assumed that the general trend, in a capitalist economy governed by private property, would be for the rich to get richer—for inequality to increase steadily over...
- Liaquat Ahamed
The well-worn assertion that the rich get richer while the poor get poorer echoes Karl Marx’s theory of immiseration which said that capitalists could only become richer by lowering wages, thereby reducing the living standards of workers until they had no choice but to revolt. Marx was wrong.
Jan 25, 2022 · There is a perception that - since the financial crash 15 years ago - the wealthiest in society have become wealthier, yet everyone else hasn't.
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Do the rich get richer and the poor get poorer?
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Did a Bank of England policy to save the UK economy during the financial crash make the wealthiest people even wealthier?
