Comments by "Tony Wilson" (@tonywilson4713) on "The Illusion of Improvement" video.

  1. HEY GARY - If you can please look up the report Bernie Sanders had the US Congressional Budget office did on Family Wealth (its easy to find). It covers the years 1989 to 2019 and shows all the sorts of things you have been speaking about these last 2 years about wealth. This data is unarguable as the US Budget Office by CAN'T LIE because all their reports are officially presented to US politicians and in America it would fall under their "Lying to Congress Laws". I'm Australian and have checked what I can of our data which is presented differently BUT IT TELLS the same sort of story, that the people in the top demographics are getting wealthier and wealthier while the lower demographics are going NOWHERE or BACKWARDS. What that US-CBO report in family wealth shows is shocking. When you compare the differences between 2007 and 2010 you have what people lost in the 2008 GFC. When you compare the differences between 2007 and 2019 you see how people have recovered since the 2008 GFC. The TOP 10% of America LOST 11.1% of their wealth in the GFC but by 2019 were 21.7% UP on their 2007 wealth. The MIDDLE 40% of America LOST 13.3% of their wealth in the GFC but by 2019 were 4.6% UP on their 2007 wealth. The BOTTOM 50% of America LOST 49.5% of their wealth in the GFC but by 2019 were STILL DOWN 21.8% So the people who caused the GFC and got bailed out (US$4 Trillion by Bush and US$4 Trillion by Obama) have not only recovered but thrived and by current estimates are over US$30 Trillion from where they were in 2007, WHILE the people who were hit hardest by the stupidity and greed of Wall St. had still NOT RECOVERED and with the economic effects of the COVID pandemic and the money flows you describe have most likely still NOT RECOVERED. Almost nobody in America media has even reported on this report. Bernie Sanders who had it commissioned hasn't said much about it. Its evaluation on the last 30 years of economics policies is as damning as it gets. Lets not forget that countries like Britain (with Thatcherism) and Australia (with Economic Rationalism) have basically run their own versions of Neoliberal Chicago School Economics with the same sorts of results. FYI - I have asked Steve Keen who hosts Steve Keen & Friends to have you on the podcast. I think you have important things to be heard.
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