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Wealth Inequality in America: Viral Video

Discussion in 'North American Politics' started by Apex, Mar 4, 2013.

  1. Apex

    Apex Somewhere Around Nothing

    Messages:
    4,555
    Pretty good youtube video on the wealth inequality in America:
    https://www.youtube.com/watch?v=QPKKQnijnsM&feature=player_embedded
    [youtube]https://www.youtube.com/watch?v=QPKKQnijnsM&feature=player_embedded[/youtube]

    Not sure why the youtube tags aren't working...
     
  2. MysticSang'ha

    MysticSang'ha Big Squishy Hugger Staff Member Premium Member

    Messages:
    25,626
    I thought it was excellent. Thanks for sharing, and I'm likely going to share it on my FB wall later today.
     
  3. Revoltingest

    Revoltingest Ignorant Atheist Capitalist Engineer Libertarian

    Messages:
    63,729
    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.
     
  4. tytlyf

    tytlyf The Mind's Eye

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    2,247
    [youtube]QPKKQnijnsM[/youtube]
     
  5. Dirty Penguin

    Dirty Penguin Master Of Ceremony

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    11,813
    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

    [​IMG]

    sad.....:facepalm:
     
    Last edited: Mar 4, 2013
  6. Kilgore Trout

    Kilgore Trout Misanthropic Humanist

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    22,701
    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....
     
  7. BSM1

    BSM1 Supervised Visitor

    Messages:
    5,367
    Religion:
    Buddhistic Panenthetic Jesusonian
    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.
     
  8. Reptillian

    Reptillian Hamburgler Extraordinaire

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    2,631
    Aim for a large middle class! Ideal should be Gaussian (Normal) Distribution!! Ghaaaahhh!!!
     
  9. Falvlun

    Falvlun Earthbending Lemur Staff Member Premium Member

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    10,457
    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.
     
    lunakilo likes this.
  10. Revoltingest

    Revoltingest Ignorant Atheist Capitalist Engineer Libertarian

    Messages:
    63,729
    Oh, no....I'm not dismissing what you say. I'm just not addressing it.

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

    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....
    [youtube]-5PU9GU2ztE[/youtube]
    You Didn't Build That Remix V1.0 - YouTube
     
    dawny0826 likes this.
  11. Kilgore Trout

    Kilgore Trout Misanthropic Humanist

    Messages:
    22,701
    When you condense this whole issue down, it's primarily an issue of mathematics more than anything else, and, within a finite system, a geometric progression can't continue indefinitely.

    Looking at it from the human end, it may be true that many wealthy people now were born into it, so don't have the experience of building wealth, and don't really understand or appreciate it - and less wealthy people now may have a sense of social responsibility, or patriotism, or even basic human decency. But, putting that aside, you'd figure that they all can't be so stupid that they don't realize that wealth means nothing if the economic system collapses. Just out of purely selfish and pragmatic preservation, you'd think that they'd want to keep the system going which gives their wealth any meaningful value. it seems as though the whiny victim mentality has penetrated and blanketed every facet of society though, and is great at blinding basic reason and sense.
     
    dawny0826 likes this.
  12. Dirty Penguin

    Dirty Penguin Master Of Ceremony

    Messages:
    11,813
    You can't say it and not expect a response. What gives you the notion that wealth "isn't' distributed. All funds are distributed. When you get paid by a company part of your "earned" income goes to the federal government, state government and county/city governments....to be "distributed" for various projects and social services. Even in the case of some social programs...the money received goes right back into the community.

    See above...


    Do you believe you can live on $7.25 an hour or do you belive you work hard and should be paid more in order to live?

    It depends on the person who hits....Most lottery winners spend their money and rarely hoard it like the top 1%...and many lottery winners claim broke in 1 to 2 years...So that money is "distributed" right back into the economy.

    Some do...It's called Philanthropy. Some people pay 10% of their earnings to a church. Some donate to charities.

    Your love fest for the wealthy/rich...which you certainly are not part of...is cute....but you gloss over the point made in the video or even the chart I gave. There's nothing wrong with pointing out the income inequality in this country. And we can discuss why that is but to brush it off as if those making the point are "envious" is disingenuous.

    I know plenty of them. I work for a local school system and I'm in touch with many who work for minimum wage....and even if I didn't it's not like there aren't people working minimum wage jobs.....:rolleyes:

    There are some that work for these companies and make a career for themselves there....but let's be real...just because it's entry level doesn't mean it shouldn't provide a livable wage considering the profits these companies make off the backs and sweat of their employees....:facepalm:
     
    Last edited: Mar 4, 2013
  13. Dirty Penguin

    Dirty Penguin Master Of Ceremony

    Messages:
    11,813
    Yea...but you missed the rest where he explains that you didn't build it by yourself. No one's fooled by the right wings ability to take his words out of context....Yes, if you got a business...you didn't build that...someone helped you build it....this is even true for the business you run....:sad:
     
  14. Apex

    Apex Somewhere Around Nothing

    Messages:
    4,555
    I am calling BS right here. Minimum was not restricted to entry level or unskilled workers. My wife is a vet tech. She holds a degree from a Big 10 university. Yet she barley makes over minimum wage and her wage prospects do not go much higher from here, regardless of how long she decides to stay in the field.

    With the saturation of college degrees that is going on, it is getting to the point where you need a degree to get a job for pretty much anything beyond a cashiers positions.
     
  15. Me Myself

    Me Myself Back to my username

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    18,748
    Daaaammmm o.o
     
    illykitty likes this.
  16. Revoltingest

    Revoltingest Ignorant Atheist Capitalist Engineer Libertarian

    Messages:
    63,729
    You presume too much. I heard the whole thing, & the whole context.
    Of course, his dishonesty & pandering are more nuanced than that single quote.
    But it's such a very entertaining gaffe, & it speaks directly to his real intent, ie,
    that others deserve a greater share of the wealthy's income & capital cuz they're
    just as smart & hard working. Hogwash.
     
  17. Kilgore Trout

    Kilgore Trout Misanthropic Humanist

    Messages:
    22,701
    You vastly overestimate people.
     
  18. Dirty Penguin

    Dirty Penguin Master Of Ceremony

    Messages:
    11,813
    :biglaugh:.....


    PolitiFact | Putting Mitt Romney's attacks on 'You didn't build that' to the Truth-O-Meter

    "If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business -- you didn’t build that. Somebody else made that happen."


    :facepalm:
     
  19. Dirty Penguin

    Dirty Penguin Master Of Ceremony

    Messages:
    11,813
    Yea... that's the "republican" in him fighting to get out and rears it's ugly head every once in a while when we see him utter one of their talking points....
     
  20. MysticSang'ha

    MysticSang'ha Big Squishy Hugger Staff Member Premium Member

    Messages:
    25,626
    It isn't the bottom 90% wanting the top 10% to transfer wealth to them in the name of fairness, but the top 1% of the top 1% - that's the top 0.1% - that owns 40% of the wealth of the country. To have this kind of wealth transfer has absolutely nothing to do with hard work, ingenuity, or integrity in business, but in playing the system in their favor from international bankers, whole GDPs of countries, and tax/investment/derivatives loopholes.

    Even the top 10% isn't doing as well as they could due to the transfer of wealth toward the top 0.1%. I have great difficulty believing that the top 0.1% are the models of integrity that deserve all they have.
     
    Father Heathen likes this.
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