alt Hacker News> Unfortunately, this economic model has been proven to be wrong.
As I've mentioned several times now, the growth of the wealthy in the 19th century corresponded with the movement of the poor into the middle class.
> If it were true, then we would have seen a decreasing gap between the rich and the poor.
What matters is the state of the poor, not the gap between rich and poor. Musk's wealth, for example, has no effect on my standard of living. Or yours.
> As I've mentioned several times now, the growth of the wealthy in the 19th century corresponded with the movement of the poor into the middle class.
Yes you keep on mentioning that, but I don't know why. Correlation is not causation. You haven't even proposed a mechanism of causality.
> What matters is the state of the poor, not the gap between rich and poor.
You keep on repeating that, and you keep on being wrong. You are parroting billionaire propaganda in the hopes of making people ignore injustice. In reality, in the US, living standards are falling for most people, while Elon Musk has no rational reason for possessing so much wealth.