Median Household Income After Taxes Fell 8.8% in 2022
I don't understand how anybody can be surprised by this. You help lower income people, suddenly there's a whole new market for products that were previously out of their reach. You cut back investment in the lower classes (austerity), or implement "means tested" benefits, the economy suffers, and people suffer.It seems like, idk, maybe we should do our best to put money in the pockets of the poorest people (regardless of the cost) and create the postwar great society that JFK and LBJ were championing.