Post #4247073

2026-07-23 05:21 UTC

I’m an economist (I have a degree and everything. It’s in underwater basket weaving but it’s still a degree) and I say this

Replies (1)

@uriel238@lemmy.blahaj.zone 2026-07-23 05:32

To be fair, when I took Economics 101: Macroeconomics in 1985, there was a big point about how important it was to maintain a fairly even wealth distribution, with a discussion of how it is a very bad thing™ for all the wealth to consolidate at the top. (In the meantime, Reagan was gutting all the policies that were used to keep wealth distributed and preserve a strong middle class.) So this is something that anyone who took a basic college course should know. In time, I got confused that presidents and legislators kept pushing supply side (trickle-down) economics and kept passing laws that allowed the upper class to keep more of their money, while leaving the lower and middle classes to languish, when I was certain these officials were educated (or had experts who were) and should know better. Then I worked out that they are just captured and corrupt AF.

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