Trisca says “the wealth of those in the top percentile never trickled down to boost income equality.” Well while Reagan did say “A rising tide lifts all ships”, falling unemployment and economic growth improve outcomes for nearly everyone, but not equally. Capitalism is about equality of opportunity, not about equality of outcome: it is not designed to “boost income equality: that is not an objective of the free market, and it is not a desirable outcome anyway.
The only way to get income equality is through Socialism, or Socialist wealth redistribution policies. Obviously if you steal from the rich and give to the poor, eventually the rich become poor and the equality you seek becomes equal poverty for all. Capitalism generates new wealth: it is good at that. It tends to reward the most successful Capitalists, which means wealth inequality. The rich get richer, while the poor get richer too, only not as fast as the rich do.
Bill Gates debunked the myth that the poor are getting poorer the same way Kady makes her points: with verifiable data and statistics.
Annual Letter 2014
"By almost any measure, the world is better than it has ever been. People are living longer, healthier lives. Many…
I would also point out that “the birth of income disparity coincides with” the birth of the human race. There have always been those who work harder or smarter than the average human and accumulate more possessions. That is the nature of reality: it is as unavoidable as death or taxes. Accept inequality: it is inevitable.