May 2, 2026

Meanwhile. . .

Alan Mcquillan -   Suppose there are just 10 people in the world. Suppose that 9 of them have an income of just two dollars and the one other person has an income of 100 dollars. Total income equals 118. Now, suppose that income of the poorest 9 drops by 50 % to just one dollar each, and the income of the rich guy goes up by 10%. Total Income is now 119, an increase of one. Now look at the statistics: Total income has gone up by almost one percent despite the fact that 90% of people are a lot worse off. The lesson is that the poor do not count in this system.

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