Item — HN Reader

Marginal utility of money decreases, which means these "pennies" at the hands of literally billions of poor make a whole world of difference to them.

The American Middle Class has the right to be angry about their stagnation, but it's undeniable that the world is better for most people if you compare it to the 90's and early 00's.

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However, my point is that those "pennies" could easily have been "dollars" instead at the cost of a fraction of the top of the income distribution, and this graph is celebrating "pennies" for the poor as a victory and masking millions or billions flowing to the wealthiest.