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re: For first time ever, 1% own more wealth than entire middle class
Posted on 10/19/21 at 8:59 am to Ace Midnight
Posted on 10/19/21 at 8:59 am to Ace Midnight
quote:Nah, it's just "luck".
Wealth is the cumulative effect of good decisions. Conversely, poverty is the opposite.
quote:Nope. It's all due to racism.
Those good decisions can be multi-generational. So can the bad ones.
Man, I'm becoming pretty good at being a democrat!
0
Posted on 10/19/21 at 9:00 am to Wasting Time
quote:
Why? Beyond it creating an emotional reaction in you, why?
How was that emotional? I’m a homeowner and I make a little over 100K a year. I live in a relatively cheap (for now) city and I have no complaints.
I’ve also clearly traveled more than you have. We have too many people living in poverty and our middle class doesn’t live nearly as well as many European countries and even, frick, some of the developed Asian countries.
Dumbass.
Posted on 10/19/21 at 9:02 am to NC_Tigah
quote:
Wealth inequality is yet another Marxist bullshite term being shoved down your throat
Absolutely
And, in Louisiana, being a 1%er means you made 423k. That is so far from "super wealthy" it's humorous.
Marxists use these tactics because liberals like the OP and Powerman are very much effected by terms like 1%er.
Posted on 10/19/21 at 9:03 am to Mike Erhmantraut
quote:It's emotional because there's no substantive reason to say it's a big deal. So, to repeat the question. Why is it a big deal?
How was that emotional? I’m a homeowner and I make a little over 100K a year. I live in a relatively cheap (for now) city and I have no complaints.
quote:LOL How would you even know this?
I’ve also clearly traveled more than you have.
quote:We have virtually zero people living in poverty.
We have too many people living in poverty
quote:What metrics are you using to make this assertion?
our middle class doesn’t live nearly as well as many European countries and even
quote:What metric are you using to make this assertion?
ome of the developed Asian countries.
Posted on 10/19/21 at 9:04 am to HailHailtoMichigan!
“Middle class” Americans are the upper 1% of the world. We have a massive massive entitlement bubble problem.
Posted on 10/19/21 at 9:05 am to BigJim
quote:
High schools need to have financial planning classes.
quote:Telling kids to save their money instead of blowing it on gaming devices and netflix subscriptions will work about as well as telling them not to have sex, or not to smoke weed.
Hells yes, though not just for the OP's reason.
Heck they need to learn nutrition as well.
Kids need lifelong support for character issues like this during their formational years. Social support too.
quote:Someone has to dismantle the patriarchy!!
Getting rid of home economics was clearly a mistake.
Posted on 10/19/21 at 9:06 am to hottub
quote:It's worse actually.
Wealth disparity is a better term than “income disparity.”
Posted on 10/19/21 at 9:07 am to Mike Erhmantraut
quote:You clearly have not traveled very much of the world.
I’ve also clearly traveled more than you have. We have too many people living in poverty
quote:
our middle class doesn’t live nearly as well as many European countries and even, frick, some of the developed Asian countries.
You need to get out of the tourist traps. This post was edited on 10/19/21 at 9:10 am
Posted on 10/19/21 at 9:08 am to Mike Erhmantraut
quote:
We have too many people living in poverty and our middle class doesn’t live nearly as well as many European countries and even, frick, some of the developed Asian countries
Our poverty rate is overstated by 100% and we gave way more economic mobility in the US than those Eurotrash countries. But it doesn’t matter, 1 person is too many right? We have to do better! Do something!
Posted on 10/19/21 at 9:10 am to AubieinNC2009
The very rich never pay taxes anyway. They shuffle their money around and use foundations as tax shelters. It's mostly the middle class that pays taxes.
Posted on 10/19/21 at 9:10 am to Nguyener
quote:
“Middle class” Americans are the upper 1% of the world
Exactly.
If you are at the American poverty line as defined by our government, you are in the world 84th percentile.
The median household income places you in the top 5% in the world! At least than 150% of the median, you are in the top 2% in the world.
Posted on 10/19/21 at 9:11 am to Mike Erhmantraut
quote:
I’ve also clearly traveled more than you have. We have too many people living in poverty and our middle class doesn’t live nearly as well as many European countries and even, frick, some of the developed Asian countries.
I lived in Kenya, relative to that there is zero poverty in the U.S.
Posted on 10/19/21 at 9:12 am to Taxing Authority
quote:
You clearly have not traveled very much of the world
We could do better though
I do think we need to completely change the way we look at the war on poverty though. Too much of the money gets tied up in the administrative levels.
Posted on 10/19/21 at 9:24 am to Mike Erhmantraut
quote:
We have too many people living in poverty and our middle class doesn’t live nearly as well as many European countries and even, frick, some of the developed Asian countries.
If anyone is in poverty in the United States it is because they have some sort of problem, like drug addiction or extreme laziness. Your "hard working" 40 hour week person with a high school degree lives a pretty good life no where near poverty. Poverty, IMO, is self imposed.
This post was edited on 10/19/21 at 9:30 am
Posted on 10/19/21 at 9:46 am to Powerman
quote:I suppose.
We could do better though
But, before we talk about "better", we should talk about what defines "better"?
quote:This pretty much describes government.........100% of the time
I do think we need to completely change the way we look at the war on poverty though. Too much of the money gets tied up in the administrative levels.
Posted on 10/19/21 at 9:49 am to HailHailtoMichigan!
This is the plan. They don’t want a middle class, just the ruling class and the rest of us.
Yay UBI!
Yay UBI!
Posted on 10/19/21 at 9:54 am to HailHailtoMichigan!
Wait, the data starts in 1989 
This is foolishness on an imbecile level.
This is foolishness on an imbecile level.
Posted on 10/19/21 at 9:56 am to Bulldogblitz
quote:Bernie Sanders can’t say frick the billionaires without the billionaires
This is what you guys want pushing Marxism. Shrinkage of the middle class.
Posted on 10/19/21 at 9:59 am to HailHailtoMichigan!
another answer to this would be to incentivize pay raises through the corporate tax system..
Posted on 10/19/21 at 10:00 am to HailHailtoMichigan!
quote:
Stop buying mink coats and rims. Stop eating out every meal. Stop the jewelry and the Xbox live premium.
Xbox live premium used to be ( and I assume it’s still close ) $50 for a yearly subscription. How long do you plan on living for that to put a dent in that gap?
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