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china s g.d.p. could triple to about one percent of g.d.p. the impact on the us is less than that but still negative in terms of the impact on the rest of developing asia they sell intermediate inputs to china and so they will also be impacted by these production lincoln just but there is a silver lining in that when when this trade conflict increases prices between the u.s. and china there could be trade redirection toward other countries enveloping asia that supply similar goods as china so beneficiaries include countries like vietnam and malaysia well let s talk about that silver lining just how much of a counter effect is it having in the region is the region already starting to work together closer which would be a positive thing wouldn t it yes so first of all we are still already starting to see increased income increases in this trade redirection or evidence of trade redirection but yes said the other thing they re doing policy wise is they are
coins, one for each swiss citizen, were dumped outside the parliament building in switzerland to make a point about income inequality and to get support for what sounds like a radical idea, guaranteeing every citizen a monthly minimum income, or what some supporters call a minncome. the coins were delivered along with the signatures necessary to guarantee a vote on this novel proposal, an idea that has quietly migrated from switzerland to our on shores where the gulf between rich and poor has sparked a debate on how to ensure that everyone has a chance to benefit from the fruits of our capitalist society. the basic is simple. every nonincarcerated adult citizen gets a monthly check from the government. other safety net programs are jettisoned to pay, and poverty is eliminated. a cheaper but slightly more complicated version of the minncome would phase out payments as working income increases. i know what you re thinking. this is some crazy left wing u toni toni tonian idea that only po
magazine. she said, hey, listen, i think some of the skepticism is how people feel about congress. that government shutdown is recent memory. exactly, and that s one of the reasons further than you and i thinking, whoa, i wonder what congress is going to do. there s also companies who look at that and they don t want to make big decisions and lots of hires. there s some of that that goes on. but there s also, i think all this sort of new talk, although it s a very old issue, about the income gap, certainly plays a part in the right track-wrong track as another way to put it. president obama talking about it the other day. but the fact is the situation s gotten worse in the last three years. more than 90% of the income increases over the past three years have gone to the top 1%. so it s possible that you have look, these are great numbers. but the fact is that a lot of people are not feeling it, even
over the past three decades, the middle class has lost ground. why the wealthiest few have become wealthier. the average income for the top 1% of americans has risen almost seven times faster than the income of the average middle class family. in this country, we don t begrudge anyone wealth or success. we encourage it. america is better off when anyone had the chance to get ahead. not just those at the top of the income scale. eric: he contradicting himself in the same sentence. he said everyone s wealth has gone up, everyone encourages wealth and everyone gets a chance to do better. bob: let me tell you something, money bags. it this is a bipartisan group, democrat and republicans. we leased the last 30 years of income increases. the top 1%. i want you to listen to the numbers. the top 1% got 270% increase
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