wages, adjusted for purchasing power see the wiki link.
innovation suffers.
more government intervention is needed.
I'm not saying these are slam-dunk, but there are upsides and downsides to everything and one doesn't have to be a millionaire to be anti-regulation
(I am not, and I am)
EDIT: moved a period
> wages, adjusted for purchasing power see the wiki link.
That's a non-starter for me, purchasing power is relative to the society you live in, not an absolute that you can use to compare across countries unless everything is the same, and the USA and the EU couldn't be further from each other. Especially when looking at average rather than at say the part that is below the average distribution wise.
> innovation suffers.
Innovation suffers the world over from Silicon Valley, and more importantly the wealth concentration there. No other region in the United States has managed to come close to challenging SV, and neither did Europe (or any other region in the world, for that matter). Wealth concentration is like gravity.
> more government intervention is needed.
In what way? I really fail to see the connection here.
> I'm not saying these are slam-dunk, but there are upsides and downsides to everything and one doesn't have to be a millionaire to be anti-regulation
But it is perfectly possible to be a millionaire and to be pro regulation. Because out-of-control businesses are just as dangerous in the short term as out-of-control governments are in the longer term, the difference is that the businesses tend to live a lot longer (they are essentially immortal unless they really blow it).
