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RobertEarl

(13,685 posts)
3. If only
Sat Nov 23, 2013, 02:12 AM
Nov 2013

Prices of most commodities have far outstripped wages. IOW, prices have risen even tho people have less to spend. So your theory is not one even worth considering.

This is why the US has so much debt. Prices have risen but revenue has fallen because taxes on the masses have remained level since their wages have flattened. Even taxes on the rich have fallen. If we taxed the rich appropriately we could in a few years be out of debt. That is what they are doing in Sweden; Evening the monetary field.

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