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87
Were the rich getting richer while the poor got poorer? What did Gene Smiley say?
No: the distribution of income came from lower taxes for the rich and more investments in taxable securities by the poor. Even if they were getting poorer, most had an increased standard of living.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010