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re: "Wealth Inequality in America: Its worse than you think" - Fortune
Posted on 10/31/14 at 4:15 pm to BugAC
Posted on 10/31/14 at 4:15 pm to BugAC
quote:
Wealth Inequality = Another meaningless liberal bitch fest
Bitching about wealth inequality spans all human history. It plays on the temptation to be envious. Some political leaders were very good at it like Stalin, Lenin, Hitler, and Chavez to name a few.
0
Posted on 10/31/14 at 4:16 pm to Hawkeye95
quote:
i am not advocating for these policies, I am just explaining them. Keynesian economics works very well
You are not explaining Keynesian economics in a form that any macroeconomist would recognize it, unless they had just emerged from a 40-year retirement/grave.
Posted on 10/31/14 at 4:23 pm to Hawkeye95
quote:
debt has skyrocketed over the last few years, which makes it all out of whack.
Ha, nice try, but old Keynesian theory would say that public debt would be offset by INCREASING private savings. Making us even LESS likely to see a declining net savings rate.
Meanwhile:
And for households, check out how saving rates have moved with disposable income:
LINK
This post was edited on 10/31/14 at 4:25 pm
Posted on 10/31/14 at 4:31 pm to Zach
quote:
Read your post quoted above 4 times. And then ask yourself "Do I actually sound like a pussy when I post."
I don't buy my alligator at cajun "delis" or "specialty boutiques".
Posted on 10/31/14 at 4:36 pm to BobBoucher
quote:
For instance, retailers are once again bracing for a miserable holiday shopping season due mostly to the fact that most Americans simply aren’t seeing their incomes rise
Weird, I've heard the opposite.
Posted on 10/31/14 at 4:37 pm to RogerTheShrubber
quote:
Weird, I've heard the opposite.
Me, too.
Posted on 10/31/14 at 4:40 pm to BobBoucher
Well maybe if you quit crying so much and did some work you'd have some more money!
Posted on 10/31/14 at 4:44 pm to Ralph_Wiggum
quote:
Ralph_Wiggum
you're a retard
Posted on 10/31/14 at 4:55 pm to BobBoucher
quote:
it may not be caused by any one political philosophy, but the solution, if there is to be one, will almost certainly have to come through politics.
The only way to correct the gap is to let the market fix it. Politics from both parties have caused the problem. The issue is that it's not a "problem" for the people that created the problem. They reap the benefits of it.
Posted on 10/31/14 at 5:10 pm to BugAC
quote:
Daddy government can't make you rich.
Sure it can. Many a "self-made" millionaire (and/or billionaire) has gotten there by directly benefiting from government involvement/largesse/etc.
Posted on 10/31/14 at 5:14 pm to Big Scrub TX
Exactly. The wealth gap is a problem that gov't has created. They are the ones that benefit from it. Why would they fix it?
Posted on 10/31/14 at 5:26 pm to Zach
quote:
Argentina is a third world country. See my post above.
No it is not.
Posted on 10/31/14 at 5:27 pm to Hawkeye95
quote:
conservatives still need to worry. argentina in 2001 had serious economic issues, and basically had a socialist revolt.
Brazil just again elected a socialist as president and it has worse problems with income inequality and racism. So if conservatives want to avoid a socialist president they need to address income inequality and racism.
Posted on 10/31/14 at 5:28 pm to Ralph_Wiggum
quote:
No it is not.
Fernando “FerFAL” Aguirre would strongly disagree.
Posted on 10/31/14 at 5:31 pm to cwill
quote:nope. It has a lot more to do with political participation. There are a lot more "non rich" people. They can vote "the rich" right the f*ck out of control.
I think there is an argument that as wealth inequality grows and the middle and lower classes lose ground and our politics become more controlled by money you set the stage for a populist like Hugo Chavez or going back in the day to a local socialist - Huey Long.
Our lack of participation has fallen to the point that much of that "non rich" constituency says they can't be bothered to even show an ID.
This post was edited on 10/31/14 at 5:33 pm
Posted on 10/31/14 at 5:33 pm to Ralph_Wiggum
It seems to me that socialist revolutionaries would have a vested interest in class divisions and racial tension
In fact they wouldn't even have to be recognizable as "revolutionaries"
Do you know what I'm saying?
In fact they wouldn't even have to be recognizable as "revolutionaries"
Do you know what I'm saying?
Posted on 10/31/14 at 5:34 pm to Hawkeye95
quote:Holeee fuk. No wonder we're screwed.
rich people invest it, and that is a problem for our economy.
This post was edited on 10/31/14 at 5:35 pm
Posted on 10/31/14 at 5:44 pm to Taxing Authority
Once the balanced gets tipped to where most think the top or even the middle isn't reachable anymore. It's the time capitalism might fail.
It's a shame many Mama and Papa stores have fallen, or the med stores don't know your name, and the banks have no clue who your are except for a number. Is it corporate America or Government regulations making things to tough for little business. Who knows, I'm no economic expert, but maybe instead of bailing out the big boys next time. Let them crash. let the thick forest burn and new growth will arise from the ashes. Sure it woudl hurt at 1st, but maybe we'd be a healthier forest from it. Just like a forest is after it burns when it's to thick. Many people don't think the American dream is possible these days, and that's not good. Spreading that monopoly around that huge business and banks hold on to can be a good thing, can't it? Who knows? just throwing a few thoughts out there.
It's a shame many Mama and Papa stores have fallen, or the med stores don't know your name, and the banks have no clue who your are except for a number. Is it corporate America or Government regulations making things to tough for little business. Who knows, I'm no economic expert, but maybe instead of bailing out the big boys next time. Let them crash. let the thick forest burn and new growth will arise from the ashes. Sure it woudl hurt at 1st, but maybe we'd be a healthier forest from it. Just like a forest is after it burns when it's to thick. Many people don't think the American dream is possible these days, and that's not good. Spreading that monopoly around that huge business and banks hold on to can be a good thing, can't it? Who knows? just throwing a few thoughts out there.
This post was edited on 10/31/14 at 5:57 pm
Posted on 10/31/14 at 6:02 pm to BobBoucher
quote:
it may not be caused by any one political philosophy, but the solution, if there is to be one, will almost certainly have to come through politics.
Used a big chart so there would be no way
for the "wealth inequity" socialists to
claim they'd not seen it.
Consider progress of the 20th percentile since 1947.
In 2007 inflation adjusted dollars, the 20th percentile
more than doubled its income from $12K/yr in 1947 to $27K in 2007.
Put another way, 2007's 20th percentile has an income
equivalent to 1947's 60th percentile.
Posted on 10/31/14 at 6:04 pm to BobBoucher
quote:
but the solution, if there is to be one, will almost certainly have to come through politics.
you sound like one of those people confused into thinking that politicians "fix" things, when what they actually do is break them.
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