The top 1% of earners is finally earning more than the entire middle class

[QUOTE=Baller234;14886007][B]j3lademaster:[/B] "The wealth gap is due to inflation!"

:: pandemic happens, we print trillions, inflation skyrockets higher and faster than any point in modern history ::

[B]j3lademaster:[/B] "I'm not talking about that inflation!"

Like wtf is this dude even saying.[/QUOTE]I don't expect you to understand my response, so this is more for anyone else viewing my answer.

The focus of my post isn't inflation, I was simply explaining in layman's how inflation affects assets vs earnings/savings. The focus should be the 2017 tax cuts giving the 1% a huge transfer of assets, everything down to single family homes; thus exacerbating any kind of inflation. The inflation we're seeing right now isn't unprecedented, we had comparably bad years in the early 90's and much worse in the late 70's/early 80's, even a ~13% year which almost doubles 2021's annual inflation. What IS unprecedented is how much of the assets the 1% owns right now. Now, I know you have trouble with nuance, so I'll say this never have I said the pandemic didn't affect inflation and I think it's pretty obvious from my previous posts I think inflation is generally bad for the population as a whole. My original question was this:

[QUOTE]Do you think it was moreso that, or the continuous tax cuts for the rich while bolstering deficit spending in order to artificially inject inflation via our privatized FED system?[/QUOTE]

It's really shortsighted to think the pandemic alone caused all of this, and we didn't have one of the most dangerous tax cuts in 2017. Also

[QUOTE]inflation skyrockets higher and faster than any point in modern history[/QUOTE]

That isn't true, unless you don't count the 80's as 'modern history'.