BOOMERBUSTER

BOOMERBUSTER
OLD CELLO

Saturday, May 27, 2017

ALL THE THINKING LIBERALS AND WHACKO CONSERVATIVES HERE WORRY ABOUT THE TOP .1% GAP WIDENING

Call them Pikettyites or civil libertarians.

I worry more about the global bottom 90% moving up, call it convergence.

People in American poverty, what the NYT calls the real issue versus the food stamps faux issue, are still wealthy by global living standards.

The reason they are poor is that most of the prosperity of the lower income folks here has now been offshored for the bottom 90% elsewhere to do, or rendered obsolete by labor saving techniques.

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