Irrelevant, as I never claimed such. I pointed out the lack of correlation between billionaires per capita increasing over time, and poverty over the same period of time. Not all correlation is causally linked, but all causally linked things are also necessarily correlated. But if two things are not correlated, then they can’t be causally linked, either (at least not to a statistically-significant degree that isn’t wiped out by other factors), and that’s what I pointed out.
So, by which financial measure would you say that working-class Americans in 1925 are doing better than they are in 2025, then? There must be at least one, if your assertion is correct.
Then that should make the question above, all the easier to answer.
Working class Americans (and not just those at or below the federal poverty line) support policy changes that would materially improve their lives. When those policies conflict with the interests of billionaires, the billionaires stop them from passing.
Are you seriously suggesting that legislation that is detrimental to billionaires never becomes law?
The Inflation Reduction Act of 2022, among other things, imposed an excise tax on stock buybacks, something that will literally never impact anyone who isn’t significantly wealthy, and that passed. A year before, the Corporate Transparency Act passed, and basically struck the death knell for shell company schemes, (not a whole lot of that happening among the working class, lol) by requiring “Beneficial Owners” to be reported to FinCEN, so they know who the actual human beings who own them are. Billionaires lost the ability to hide assets and real estate within anonymous LLCs.
It’s ridiculous to think that billionaires are all just smiting any and all legislation that would negatively impact them at will. You are clearly deep in some echo chambers.
Are you seriously suggesting that legislation that is detrimental to billionaires never becomes law?
The Inflation Reduction Act of 2022, among other things, imposed an excise tax on stock buybacks, something that will literally never impact anyone who isn’t significantly wealthy, and that passed. A year before, the Corporate Transparency Act passed, and basically struck the death knell for shell company schemes, (not a whole lot of that happening among the working class, lol) by requiring “Beneficial Owners” to be reported to FinCEN, so they know who the actual human beings who own them are. Billionaires lost the ability to hide assets and real estate within anonymous LLCs.
It’s ridiculous to think that billionaires are all just smiting any and all legislation that would negatively impact them at will. You are clearly deep in some echo chambers.