Wealth doesn't "trickle down" from the rich to the poor

Pro: "To make them even richer? Isn’t wealth inequality high enough these days?" Wealth inequality has never not existed in the history of planet Earth or the history of America. That's just life. If I have a fine life compared to most of humanity, I don't whine about it or compare myself to Bill Gates. I'm simply statisfied and grateful for what I DO have. * Pro: "But that new wealth at the top doesn’t circulate throughout the market. It just stays concentrated at the top. Look at the increase in wealth inequality since the 1980s. You will see that the rich just continue to get richer." Have the rich gotten richer? Perhaps. Have the poor and middle class gotten poorer? It doesn't appear so. -Self storage ranks as the fastest growing segment of the commercial real estate industry since 1975. Self storage businesses brought in revenues of $24 billion dollars in 2013. The average size of a new family home increased 57% from 1970 to the 2000s. That means Americans spent $24 billion to store the things that they can’t fit in their homes, and many of peoples' homes are bigger than ever in history. Sure, the middle class, defined as households earning between $35,000 and $100,000, might be shrinking slightly, but through 2000, the New York Times reveals, “the shift was primarily caused by more Americans climbing the economic ladder into upper income brackets than ever before.” * According to the Mises Institute the poor in America are better off than the middle class in Europe. The poverty income in the US is very close to matching the median income in Italy, Japan, Spain, and the UK. According to Forbes, America's poor still live better than most of the rest of humanity. The bottom 10% in the US have better lives than the top 10% in Russia, the top 10% in Portugal, and the top 10% in Mexico. The US bottom 10% have a living standard very similar to those of Finland and Denmark. Why this is relevant is these are the social democracies where they tell us they care more about the poor than most. * According to research, published at The Journal of Policy Analysis and Management, from Cornell economist Richard Burkhauser, Joint Committee on Taxation economist Jeff Larrimore, and Indiana University economist Kosali Simon, the rich have indeed been getting richer, for the last 30 years so too have the poor and middle class. * According to research from an economist at The Brookings Institution, it’s not just the rich who are getting richer; the poor are getting richer, too. There was a time in America when only the wealthiest of Americans could afford to buy a cellphone, but today, 90 percent of American adults own a cellphone. When Facebook went public, its creators did not lock their earnings in a vault. The move created over 1,000 new millionaires and 10 new billionaires. Local restaurants such as Silicon Valley Watering Hole and local tech favorite Buck’s of Woodside, located just a few miles from Facebook’s headquarters and often considered the center of the local economy there have reported a boom in the local economy. * The point? Barack Obama, Hillary Clinton, Bernie Sanders and other such types are pandering to the poor, whether right or wrong. Barack Obama, in his book,"Dreams of my Father," took on a decisively anti white innitiative. He has used this bias to fuel anger from the poor and minorities, rather than actually sticking with facts and what is best overall for the country. It's revenge for him. Hillary Clinton has pandered to the poor and minorities for political gain. While speaking ill of the rich, her fingers have been crossed behind her back receiving $250,000-$600,000 per "speech", and not even revealing the nature of these discussions. Her anti Supply Side rhetoric is exaggerated for political purposes and not reality. According to public disclosures, by giving just 12 speeches to Wall Street banks, private equity firms, and other financial corporations, Clinton made $2,935,000 from 2013 to 2015. www.nbcnews.com/politics/2016-election/hillary-clinton-struggles-explain-600k-goldman-sachs-speaking-fees-n511041 * https://www.aei.org... www.commondreams.org/views/2014/12/27/are-we-better-we-were-40-years-ago https://mises.org... www.forbes.com/sites/timworstall/2013/06/01/astonishing-numbers-americas-poor-still-live-better-than-most-of-the-rest-of-humanity/#5a19401d23c4 dailycaller.com/2011/04/26/economic-study-despite-obamas-claim-the-poor-are-not-getting-poorer http://bristleconeholdings.com... http://www.dailymail.co.uk... http://www.foxbusiness.com...