AP says 90% of Workers get Tax Cut

[Brian37]

What difference does income inequality make?

I got a 5% raise this year. My billing rate was increased 7%, so the gap between me and my boss widened. Why should that bother me?

Just curious... have you read any studies on causes of crime?

You'll find a direct correlation between high crime rates and status inequality.  

In biological terms it's about sexual selection.  Lower-order males need to find ways to raise their status to gain breeding rights.  Sometimes that involves theft, sometimes murder.  Some will band together to remove an aggressively dominant pack leader.

Economically, this is about the Pareto Distribution (think about how the game Monopoly™ works).

In human terms see, French, Russian, English, Chinese Revolutions.

Wiley elites saved themselves by heeding Marx's warnings and creating state-funded social programs (schools, housing) instead of leaving it to philanthropists.

Medieval elites would hold tourneys to entertain the proles while they built higher castle walls.  Earlier... Colosseum... same reason.

As Mark Blyth put it, "The Hamptons is not a defensible position".  They are letting you eat cake... today.

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What exactly do you think the people at the top do with that money? Horde it in a vault like Scrouge McDuck? They invest it in businesses and ventures that provide jobs and build the wealth of nations. Have you ever job from a poor man?

It's a myth that rich people create jobs.

Consumption creates demand.  Demand creates supply.  Some clever people create/expand businesses to organise supply and create jobs and might get rich in the process.  Consumption is the key.

Spread the profits and more people can consume.  If the consumers are skint it all grinds to a halt.  This is why some countries are considering Guaranteed Minimum Income strategies.

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They have huge piles of cash offshore because the corporate tax rate in America has been 35%. Now that the rate is being lowered to be in line with the rest of the world, money is coming back to the US.

"Hey there!" says the Rest of the World, standing on the street corner in high heels and underwear, "No need to go back to your wife.  We've cut our rates again."

Then what?

It is a myth the rich create jobs.

^^^^^^^^^^^

BINGO

Only demand creates jobs. And since the bulk of the population are NOT business owners, but workers, that makes the demand driven by workers, not owners. So when workers do better businesses do better.

Unfortunately corporate marketing has not been for a long time demand driven, but a competition for CEOs and shareholders, which basically is marketing driven, and not market driven.