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points by senordevnyc 1 day ago | 0 comments
I specifically used median income to make the point that we are NOT just more prosperous at the top, but at virtually every level of society.

That said, you're right that the gains over the past fifty years have been disproportionately captured by the people at the very top of the distribution, and we should address that with policy changes, including taxation. But we can do so without tossing the facts aside.

[–] micromacrofoot 14 hours ago
A lot of the gains are in things like consumer electronics though? food, healthcare, education, housing and transportation are more expensive relative to median income gains.

So what measure of "prosperity" are you using? income alone can't be it.

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