Economists who favour tax cut on the super rich and don't oppose concentration of wealth and resources don't offer convincing explanations that (1)why increase in the wealth of the super rich has been more than the increase in the GDP and (2) why there is no positive mathematical equivalence between the rate of increase in the GDP on one hand and rate of concentration of the wealth in the hands of the super rich and the rate of increase in the income of the super rich on the other hand.
If the creation of prosperity at the top is without the corresponding increase in prosperity and the purchasing capacity of the masses then the national economy is bound to suffer at the end.
Instead of going for poverty alleviation programmes should we not go for prosperity generation programmes- shifting from negative to positive connotations?
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