Remember Bob?

"In a speech last month, Lael Brainard, a governor at the Federal Reserve, 

said that historically high levels of income and wealth inequality in the United States may be weighing on consumer spending, which fuels the majority of economic activity. 

That is because the wealthiest households are most likely to save a larger proportion of any additional income they earn, rather than spend it, 

Ms. Brainard said.

Been sayin it for 8 years or whatever now.

Guess I should be a governor at the Fed.

Concentrated wealth at the top impedes growth.

Of course they are gonna tell you it's good for everybody.

What do you expect them to say?

I've been hearing it for 40 years.

It doesn't and will never work yet people buy it hook line and sinker.

Dad:

"It's not a theory, it's an excuse."

Yep.

Right again.