Our Broken Economy, in One Simple Chart
A few points:<p>1. the fixed pie fallacy[0]. You actually need separate evidence to suggest that the 1% are taking away income growth from the rest of the percentiles.<p>2. The 1% generally makes the most in good times, and loses the most in bad times. The chart did not seem to include asset devaluation loses - e.g. the housing crises, stock market loses, investment losses etc. This is a huge omission. The past 34 years may also not be a very representative prediction of the future.<p>3. There is nothing morally wrong with income diversity, particularly if the poor still live long lives, are not hungry, have access to modern technology, transportation, and modern entertainment. I personally think income diversity is a good thing. As my right bias, I believe generally that &quot;Disparities are natural and just&quot; , and not &quot;Disparities are due to injustices&quot; - Fired Google Engineer.<p>[0] <a href="http:&#x2F;&#x2F;www.aei.org&#x2F;publication&#x2F;the-fixed-pie-fallacy&#x2F;print&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.aei.org&#x2F;publication&#x2F;the-fixed-pie-fallacy&#x2F;print&#x2F;</a>