Financed by debt. It is unarguable that the top percentages of income earners have reaped the majority of economic and productivity gains in this country. Throwing out there that people have flat screen tvs now is equivalent to Marie Antoinette stating, "Let them eat cake."
The argument should be on whether or not you think this is necessarily harmful in the long run.
Actually not. Read this,
“They didn’t cause the income gap to increase. Given all the talk about Bush’s massive tax cuts for the rich, you might also think that his tax cuts contributed to a widening of the income gap. Except that didn’t happen, either. According to the Census Bureau, the “gini index” of income inequality was the same when Bush left office as when he came in. (It’s actually risen each year under Obama.)”
There was real poverty during the Great Depression. There is no such thing in America today. Help is available for those that need it and clearly less are worse off than back then. It is pure class envy to look at what other’s have and say you are “entitled” to the same. Remember the 10th Commandment, “You shall not covet your neighbor’s house; you shall not covet your neighbor’s wife, or his male servant, or his female servant, or his ox, or his donkey, or anything that is your neighbor’s.”