Seems like he's confusing the evolution of mankind and the difference between the rich and the poor. The evolution of mankind has led to better living conditions, that's true, but that doesn't mean the poor are getting richer faster than the rich.As the Rich Get Richer, the Poor Get Richer
I was personally raised on a farm. My parents were farmers. My neighbours were farmers. My whole village of 1000 people were farmers. You are doing a complete generalisation to confirm your point of view. You are viewing only what you wish to view. It comforts you in your beliefs.Pluto, you are normally on my ignore list, but I saw your picture...ever been on a farm? Know any farmers personally? My uncles were farmers...they paid their harvesters big bucks (usually cash every two weeks) and, guess what, many of the workers did drugs while living at home. There was one family where the father did die before 50, suicide though. He had seven kids, all farm workers. None of them amounted to anything, just got married several times, had a bunch of kids, and moved back home after the divorce, only to repeat the process several times. All while doing drugs. Last I heard they had over 50 half siblings running around, my uncle wound up buying an entire block of houses in the local town and gave them free rent...no signs of the other parent. Reality, not made up because you want it to be true.
And Pluto's example is one out of many. But any example we'll throw at you, you'll either say they are also drug addicts, not working hard, not worthy, etc.Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms or supports one's prior beliefs or values.
So my niece is 16 and she's supposed to be developing passive income? Good grief you really are out to lunch and completely unrealistic.
In 2014 the Organisation for Economic Co-operation and Development, a collective of the world's 35 wealthiest countries including the United States, found that rising inequality in the United States from 1990 to 2010 knocked about five percentage points off cumulative GDP per capita over that period. Similar effects were seen in other rich countries.
“The main mechanism through which inequality affects growth is by undermining education opportunities for children from poor socio-economic backgrounds, lowering social mobility and hampering skills development,” the OECD found. Children from the bottom 40 percent of households (a huge chunk of the population) are missing out on pricey educational opportunities. That makes them less productive employees, which means lower wages, which means lower overall participation in the economy.
While that's obviously bad news for poor families, it also hurts those at the top. If you're a billionaire owner of a retail or manufacturing company, you want people to be able to afford the stuff you're selling. Henry Ford offered his workers high wages not out of any altruistic impulse but because he wanted them to buy his cars.
Not all inequality is necessarily bad. A 2015 World Bank paper found that a certain amount of inequality boosts per capita GDP in developing economies by allowing wealthy entrepreneurs to invest more. But that effect gets reversed in advanced economies like our own, primarily because of the detrimental effects on educational attainment outlined above.