best articulation of this I've heard; very important
most capitalists don’t know how to divide the economic pie well and most socialists don’t know how to grow it well
Tons and tons of damning stats
Concise too
Economic mobility is way worse in the US these days, compared to the past and compared to similar countries
The US is in the bottom 15% of countries for child poverty and food insecurity And this strongly affects education/test scores
1 in 28 children has a parent in jail
These conditions pose an existential risk for the US.
Also populism, happens when things are bad, causes more conflict and less compromise Higher now more than ever
When the Federal Reserve (and most other central banks) buys financial assets to put money in the economy in order to stimulate the economy, the sellers of those financial assets (who are rich enough to have financial assets) a) get richer because the financial asset prices rise and b) are more likely to buy financial assets than to buy goods and services
Trickle down doesn't trickle down, because wealthy people invest instead of spend (and that less directly contributes to more workers/pay than direct spending into the company from consumers (bottom-up))
Proposal is to redistribute and invest in high ROI stuff like early education, keeping teens out of trouble, and preventative health care