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Socialist lost a big argument--income disparity between rich and poor declines a LOT
Posted on 4/1/20 at 2:05 pm
Posted on 4/1/20 at 2:05 pm
Anytime there is a market collapse the cost are mostly borne by what Sanders and AOC would consider rich people.
Same for business closures and declines in other assets like oil. The "rich" take the hit.
The gap between the rich and the poor--a stupid measure of an economy--has decreased tremendously the last 60 days.
Same for business closures and declines in other assets like oil. The "rich" take the hit.
The gap between the rich and the poor--a stupid measure of an economy--has decreased tremendously the last 60 days.
This post was edited on 4/1/20 at 2:09 pm
5
Posted on 4/1/20 at 2:06 pm to I B Freeman
Well laid out point backed up with stats. Nice link as well.
Posted on 4/1/20 at 2:08 pm to MeatCleaverWeaver
No need for link---I am the qualified source. You can use this thread as a link if you like as a source on other forums.
Posted on 4/1/20 at 2:09 pm to I B Freeman
The rich and the poor have never been more similar at any point in history than they are now.
Income disparity is a complete red herring.
Income disparity is a complete red herring.
Posted on 4/1/20 at 2:19 pm to I B Freeman
And how does this make china good?
Posted on 4/1/20 at 2:19 pm to Bjorn Cyborg
I lost brain cells reading this
Posted on 4/1/20 at 2:20 pm to johnnymaple
quote:
I lost brain cells reading this
be careful, don't want you becoming a democrat
Posted on 4/1/20 at 2:27 pm to I B Freeman
So hourly workers, workers who work on tips and commission are now on the same level as high level executives who get to collect their millions of dollars while now working at home?
Bernie big thing has always been big business ceos not small- medium business owners
Bernie big thing has always been big business ceos not small- medium business owners
Posted on 4/1/20 at 2:29 pm to I B Freeman
I thought Margaret Thatcher already closed this argument out with that sick burn back in the day.
Posted on 4/1/20 at 2:31 pm to Big_Slim
I thought so too but it is the mantra of so many these days.
Posted on 4/1/20 at 2:33 pm to The_Duke
quote:
So hourly workers, workers who work on tips and commission are now on the same level as high level executives who get to collect their millions of dollars while now working at home?
Who said that? I said the disparity between their wages is now much less. Which is true.
Posted on 4/1/20 at 2:41 pm to MeatCleaverWeaver
quote:Meh.
Well laid out point backed up with stats. Nice link as well.
Obvious is obvious.
The NYTimes have told us for years that stocks are exclusively a rich man's game. All in, including 401Ks, pension plans, etc, ~85% of stocks are owned by the upper decile.
Meaning that upper 10% just lost 1/3rd of its wealth while the rest of the country basically stood pat.
Mission accomplished.
Posted on 4/1/20 at 2:50 pm to The_Duke
quote:
Bernie big thing has always been big business ceos not small- medium business owners
then you clearly havent been paying attention to him because those are his main targets
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