gbaji wrote:
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I'll point out an interesting trend. Pretty much all the times in the last century in the US, when the rich lost money, the rest of the country was in even worse condition. Trickle down indeed!
Correlation =/= Causation.
All economic arguments involve correlation.
Sweet! It still doesn't imply causation.
While we're at it, let's make a small list of what we could gather from that ridiculously stupid statement you made.
1. When rich people lose money, poorer people lose proportionally more money.
2. When poorer people lose money, the rich lose some money as well.
3. When the richest of the rich lose money, they start a global economic crisis.
4. When the poorest of the poor lose money, they start a global economic crisis.
5. Up until 1900, the poor could lose money without causing the rich to lose money.
6. Up until 1900, the rich could lose money without causing the poor to lose money.
7. Our state of living after 1900 is worse because of how connected wealth is among different social strata.
8. Our state of living after 1900 is better because of how connected wealth is among different social strata.
9. We should separate the connection between the rich and the poor.
10. We should reinforce the connection between the rich and the poor.
11. The state of our country is solely connected to how wealthy the rich are.
12. The state of our country is not connected to how wealthy the rich are.
13. The state of our country is solely connected to how wealthy the poor are.
14. The state of our country is not connected to how wealthy the poor are.
15. The level of wealth amongst the rich is directly connected to the state of the country as a whole.
16. The level of wealth amongst the rich is not directly connected to the state of the country as a whole.
17. The level of wealth amongst the rich is directly connected to the level of wealth amongst the poor.
18. The level of wealth amongst the rich is not directly connected to the level of wealth amongst the poot.
19. The level of wealth amongst the poor is directly connected to the state of the country as a whole.
20. The level of wealth amongst the poor is not directly connected to the state of the country as a whole.
21. The level of wealth amongst the poor is directly connected to the level of wealth amongst the rich.
22. The level of wealth amongst the poor is not directly connected to the level of wealth amongst the rich.
23. No one cares about the middle class.
24. There is no middle class.
25. The middle class is the same thing as the poor.
26. The middle class is not the same thing as the poor.
27. The wealth of the middle class is important in terms of the wealth of the rich.
28. The wealth of the middle class is not important in terms of the wealth of the rich.
29. The middle class has not effect on the wealth of the country.
30. The middle class has a strong effect on the wealth of the country.
31. The middle class has a mild effect on the wealth of the country.
32. The wealth of the middle class is what determines the wealth of the country.
33. The wealth of the middle class is important in comparison to the wealth of the rich.
34. The wealth of the poor is important in comparison to the wealth of the rich.
35. The wealth of the middle class is unimportant in comparison to the wealth of the rich
I could keep going on, but I don't really feel like it.