Wealth Inequality in America: Viral Video

[Apex]

Pretty good youtube video on the wealth inequality in America:
https://www.youtube.com/watch?v=QPKK...layer_embedded


Not sure why the youtube tags aren't working...

[MysticSang'ha]

Originally Posted by Apex

Pretty good youtube video on the wealth inequality in America:
https://www.youtube.com/watch?v=QPKK...layer_embedded


Not sure why the youtube tags aren't working...

I thought it was excellent. Thanks for sharing, and I'm likely going to share it on my FB wall later today.

[Revoltingest]

It's to be expected that the bottom 90% would like to see the top 10% transfer wealth to them in the name of fairness.
Their idea of "fair" (according to the chart) leaves most of the the wealthy with very little more than the middle class.
I doubt that we'd ever achieve that kind of redistribution, since it would sap the will to work hard & take risks.

[tytlyf]

[Dirty Penguin]

Originally Posted by tytlyf

Yea.. Many of us Dems have been saying this for quite some time. I just talked about this in another thread where someone was advocating getting rid of minimum wage. It was laughable because minimum wage is a joke in this country. It doesn't make sense to get rid of it and even where it is per person isn't enough to live on. It rounds out to less than $14,000 for a person working one minimum wage job "full Time". No wonder those making so little seek Medicaid. It seems they're actually forced to in order to keep working.


Income Inequality Is Not a Myth - Derek Thompson - The Atlantic



sad.....

[Kilgore Trout]

Yes, but these ultra-wealthy people are putting their extra funds back into our economy in the form of hoarding it in offshore accounts and investing in foreign companies. Oh, wait....

[BSM1]

I know how much flack I'm going to take for this statement, so save your ammunition. Where in the world did you get the idea that wealth is ever distributed? Wealth is earned, accumulated, inherited, stolen--never distributed. Distribution of wealth means you are going to take from one to give it to another. Be honest in your aim. You want what doesn't belong to you.
Secondly, if you hit the Powerball how much of your money are you willing to give to the "poor". Would you sit down and figure to the penny how much it takes for you to live and "distribute" the rest of you dough? You may not like the wealthy, that's ok, but lets quit blowing smoke up everyone's skirt--you're mostly envious.
Thirdly, how many people do you know that actually work for minimum wage. Minimum wage is mostly for entry level and unskilled workers. If you can't find a job that pays better, then maybe the problem is you.

[Reptillian]

Aim for a large middle class! Ideal should be Gaussian (Normal) Distribution!! Ghaaaahhh!!!

[Falvlun]

Originally Posted by Revoltingest

It's to be expected that the bottom 90% would like to see the top 10% transfer wealth to them in the name of fairness.
Their idea of "fair" (according to the chart) leaves most of the the wealthy with very little more than the middle class.
I doubt that we'd ever achieve that kind of redistribution, since it would sap the will to work hard & take risks.

Originally Posted by BSM1

I know how much flack I'm going to take for this statement, so save your ammunition. Where in the world did you get the idea that wealth is ever distributed? Wealth is earned, accumulated, inherited, stolen--never distributed. Distribution of wealth means you are going to take from one to give it to another. Be honest in your aim. You want what doesn't belong to you.
Secondly, if you hit the Powerball how much of your money are you willing to give to the "poor". Would you sit down and figure to the penny how much it takes for you to live and "distribute" the rest of you dough? You may not like the wealthy, that's ok, but lets quit blowing smoke up everyone's skirt--you're mostly envious.
Thirdly, how many people do you know that actually work for minimum wage. Minimum wage is mostly for entry level and unskilled workers. If you can't find a job that pays better, then maybe the problem is you.

The problem with these sentiments, that dismiss the income gap, or worse, blame the poor people for being poor and praise the rich people for their money-making prowress, is that it ignores that graph in post 5.

The rich have not done anything more than usual in order to earn the greater wealth that is coming their way. They have not had to work harder, be smarter, take more risks, etc. They have simply benefited from the ability to exploit workers, exploit the government (through less regulation and taxes), and the way the stock market works (if you have a lot of money you can make a lot of money in the stock market).

They have distributed the wealth to themselves. They have taken what used to go to the middle class and claimed it for themselves. If distribution can go up, I see no reason why we should consider it theivery or moral bankruptcy to lobby for it to go down as well.

[Revoltingest]

Originally Posted by Falvlun

The problem with these sentiments, that dismiss the income gap, or worse, blame the poor people for being poor and praise the rich people for their money-making prowress, is that it ignores that graph in post 5.

Oh, no....I'm not dismissing what you say. I'm just not addressing it.

The rich have not done anything more than usual in order to earn the greater wealth that is coming their way. They have not had to work harder, be smarter, take more risks, etc. They have simply benefited from the ability to exploit workers, exploit the government (through less regulation and taxes), and the way the stock market works (if you have a lot of money you can make a lot of money in the stock market).

Sounds like you've never built a successful business, so you buy into the Obama line, "...you didn't build that".

They have distributed the wealth to themselves. They have taken what used to go to the middle class and claimed it for themselves. If distribution can go up, I see no reason why we should consider it theivery or moral bankruptcy to lobby for it to go down as well.

I'll certainly agree that there are fundamental problems imposed by government which prevent people in the lower income brackets from earning more.

Now, let's check out a rerun....

You Didn't Build That Remix V1.0 - YouTube