If that is true, why do the middle 2/3 of tax returns show $6 trillion in AGI, why did the economy add 2.5 millionaires in the last 5 years, why for the second year in row will the auto industry report near record 17m units sold, why we have over $20 trillion in retirement assets most in 401k, IRAs and pension funds.
Dennis, you may be a fine journalist because you can report stuff but you are a damn poor analyst…
Vinnie Mirchandani

Your understanding of economics might usefully do with a refresh so that you can answer these questions. If not then there are plenty who can educate you

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