Skeptics & Their Questions: Their View of Income Inequality & Why They Ask So Many Questions
Skeptics will ask questions about Income Inequality that they believe presents some sort of strong argument against the existence of a problem by virtue of asking a question. Skeptics believe that asking questions can also simply cause people to doubt their conclusions just enough to rob people of the motivation to take actions, organize, lobby, and overall just try to make difference any way we can. Skeptics think asking questions of how Income Inequality might be true will discourage people from opening up the discussion for fear of looking stupid or unpopular. A tactic skeptics will use to ask questions that primarily accomplish one thing only: the skeptic's goal is to cast doubt on the possibility that any analysis whatsoever can produce a real prediction about what will take place in the economy in the future.
However, that is not what the collective consciousness of Latino Economist wants its readers, "minorities" and the oppressed to have in mind when thinking about what we ourselves should do about Income Inequality. It is L.E.'s economic philosophy that there is not anything that is too difficult to learn, nor is there any system to difficult to analyze and predict accurately enough how the system will unfold in the future.
Together we will look at the questions skeptics might ask, but we will not pretend as though the answers are unknowable. Let's look at the questions of skeptics, and understand where the nature of the questions they asked are rooted in.
When questioned about what to do about Income Inequality, skeptics will ask a series of economic questions in an attempt to pretend as though no real conversation can be had on the subject.
Here are some examples of rhetorical questions skeptics may ask:
Perhaps, now that the labor market is tightening every month, to the point that the FOMC has even lowered its full employment range from 5.1% to 4.9%, wages will increase.
Perhaps, when wages increase people will take their newfound wages and spend more which will allow producers to produce more and or charge higher prices.
Perhaps, since the savings rate has risen since the recent financial crises, the savings of the U.S. resident population will be put to use in markets that will allow firms to invest capital in equipment and productivity, which will increase the rate of technological advancement or efficiency in the economy, which will in turn increase the productivity of the U.S.
Perhaps the income inequality gap is cyclical, and we are at a peak now because the labor force has not yet fully recovered from the recent economic crisis, and now that the U.S. economy is about to reach full-employment once again, the income inequality gap will shrink in correlation as the labor market runs hot and inflation begins to occur once again.
Don't be Discouraged by the Wording of it All, and All the "Experts"
The best example I can use is when the experts come out with information about how bad the "black" community is doing as a result of racist oppression in the U.S. Black people already know how bad it is, and black people have been shouting the injustice they have been receiving since the day they were kidnapped and brought to the Americas.
Yet experts are the ones who desire to be the people to confirm this, as though the "black" can't know for itself that it suffers injustice, and only when experts collect, then can the truth be known! Bullshit!
While Rich Experts Have Their Heads in Their Asses, The Oppressed Know the Truth For Decades
The same goes for Income Inequality in the U.S: Just because experts can't come to a consensus on on whether or not Income Inequality as it is today has to be this way and can't be changed; Just because experts can't come to a consensus on how to combat the negative effects of Income Inequality in the U.S. Just because experts cannot create charts and graphs that perfectly represent how Income Inequality is wrong and oppressive; Just because the experts tend to be whites who are the group that benefits the most from injustice in the U.S; Just because experts have their heads up their asses while being far removed from us "minorities" who are the most prone to suffering as a result of the oppression Income Inequality causes, does not mean "minorities" can't know the truth before the experts officially sign off on the fact the Income Inequality in the U.S. is caused by the corruption of the U.S. government and Private Sector of the U.S.
Now that We Have Confidence, Let's Take A Disciplined Approach to Analyzing Income Inequality
We must look for correlations between income inequality and negative effects on human beings in the U.S., and examine if current income inequality levels are the cause. In other words we must examine the correlations and determine if causation can be established.
We must also look at if it is plausible to reduce income inequality in a way that does not cannibalize the strength of the U.S. economy, if indeed income inequality is causing massive negative effects.
We must look to identify these markers, because if current income inequality levels are having negative effects on many people, and if it can be solved without harming the overall economy, then something should be done to change the current levels: because what benefit does it serve society for masses of people to suffer just so the top 5% or 1% of wealthy people in the U.S. can earn just a little more each year?
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