1. Welcome to Religious Forums, a friendly forum to discuss all religions in a friendly surrounding.

    Your voice is missing! You will need to register to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Our modern chat room. No add-ons or extensions required, just login and start chatting!
    • Access to private conversations with other members.

    We hope to see you as a part of our community soon!

Where has all the wealth gone?

Discussion in 'North American Politics' started by Gerry, Oct 19, 2020.

  1. Gerry

    Gerry Well-Known Member

    Joined:
    Jul 23, 2017
    Messages:
    1,665
    Ratings:
    +906
    Religion:
    Love and truth
    Why is there so much poverty in the U.S.?


    Possibly nearly 4 decades of Republican policies aimed at transferring the wealth of the many to a small percentage of people at the top?

    Which has created unnecessary opulence for a select few such as this:





    upload_2020-10-19_16-55-57.png


    This chart shows that in 1989 (the beginning of the Reagan money grab) the top 1% had 12 times the wealth of the bottom 50%. If that wasn’t bad enough, the Bush/Trump continuation of giveaways to the rich has made it so the top 1% now has INFINITELY more wealth than the bottom 50%. (The bottom 50% now has negative net worth)
     
    • Like Like x 2
    • Winner Winner x 2
    • Informative Informative x 1
  2. MNoBody

    MNoBody Well-Known Member

    Joined:
    Mar 23, 2020
    Messages:
    2,703
    Ratings:
    +1,252
    predatory economics.o_O
     
    • Winner Winner x 2
  3. Nimos

    Nimos Well-Known Member

    Joined:
    Mar 26, 2014
    Messages:
    2,169
    Ratings:
    +1,213
    Because the moment anyone mention the word "equality" some capitalist numbhead, yells "Socialism" or "Communism" and everyone gets scared and run away, while the capitalist go count his profit :D
     
    • Winner Winner x 4
    • Like Like x 3
    • Useful Useful x 1
  4. blü 2

    blü 2 Well-Known Member
    Premium Member

    Joined:
    Jul 10, 2017
    Messages:
    6,851
    Ratings:
    +3,963
    Religion:
    Skeptical
    Ask the people who voted against Obamacare.
     
    • Like Like x 1
  5. Polymath257

    Polymath257 Think & Care
    Staff Member Premium Member

    Joined:
    Mar 28, 2017
    Messages:
    17,383
    Ratings:
    +20,234
    Religion:
    Non-theist
    Wealth is not a conserved quantity.

    But it is also not distributed evenly. The inequalities tend to be amplified over time.
     
    • Like Like x 1
  6. icehorse

    icehorse Veteran Member
    Premium Member

    Joined:
    Feb 5, 2014
    Messages:
    10,259
    Ratings:
    +5,709
    Religion:
    spiritual anti-theist : )
    I've posted this video before, I think it's worth a look:

     
    • Winner Winner x 3
    • Informative Informative x 1
    • Useful Useful x 1
  7. Mindmaster

    Mindmaster Well-Known Member
    Premium Member

    Joined:
    May 20, 2010
    Messages:
    5,825
    Ratings:
    +3,009
    Religion:
    Not yours.
    China and the people who are supposedly elected to look out for you who are taking their money.
     
  8. Nakosis

    Nakosis crystal soldier
    Premium Member

    Joined:
    Nov 16, 2011
    Messages:
    16,519
    Ratings:
    +7,190
    Religion:
    Atheist Libertarian
    You don't transfer wealth, you create wealth.

    If your thinking is to transfer wealth, guess what. There is a limited amount to transfer. If you add more and more people to the equation then the amount that can be transferred gets less and less.

    It doesn't matter if 1% of the people have 99.9% of the wealth. What matters is what you have. Whether you have enough to live "comfortably".

    You don't need to take someone else's wealth to create your own wealth. You just need to know how to create wealth. This is totally independent of the wealth a rich person has or what a political party does.

    Unfortunately, our education system does a really bad job of teaching people how to create wealth. You know who could do a really good job in teaching people how to create wealth? The wealthy.
     
    • Like Like x 1
    • Winner Winner x 1
  9. MNoBody

    MNoBody Well-Known Member

    Joined:
    Mar 23, 2020
    Messages:
    2,703
    Ratings:
    +1,252
    All the perplexities confusion and distress in America arise not from defects of the Constitution, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation. -John Adams
    This pamphlet by Ben Franklin is helpful
    Franklin.png
    American history has been a compendium of the ongoing battle with the privately controlled Bank of England, beginning with the revolutionary war. To understand our history, we need to go back to Benjamin Franklin who is often called the “father of paper money” though it been used thousands of years earlier (more accurately, he was the father of colonial American paper money).

    Franklin’s paper money was a primary reason for fighting America’s War for Independence.
     
    • Informative Informative x 2
  10. Stevicus

    Stevicus Veteran Member
    Premium Member

    Joined:
    Sep 26, 2011
    Messages:
    15,228
    Ratings:
    +8,321
    Religion:
    Agnostic
    Yeah, it pretty much started under Reagan, but his successors have continued the same policies to the point we're at now.

    Reagan's policies were based on the assumption that, if you give more to the wealthy, they'll spend it and invest it, which will bring jobs, economic growth, more spending, etc. The wealth was supposed to "trickle down" that way, which was supposed to lead to a better standard of living for all.

    It didn't happen that way. It just led to more corruption, more dishonesty, and more shenanigans. Why the voters continued to allow it has been a mystery to me.
     
    • Like Like x 2
    • Winner Winner x 2
  11. Twilight Hue

    Twilight Hue The gentle embrace of twilight has become my guide

    Joined:
    Mar 7, 2009
    Messages:
    30,970
    Ratings:
    +12,350
    Religion:
    Philosophical Buddhism
    This is because of Republicans? Are you kiddin? Or nuts?
     
  12. Twilight Hue

    Twilight Hue The gentle embrace of twilight has become my guide

    Joined:
    Mar 7, 2009
    Messages:
    30,970
    Ratings:
    +12,350
    Religion:
    Philosophical Buddhism
    That's a better explanation.
     
  13. Twilight Hue

    Twilight Hue The gentle embrace of twilight has become my guide

    Joined:
    Mar 7, 2009
    Messages:
    30,970
    Ratings:
    +12,350
    Religion:
    Philosophical Buddhism
    We are where we are because of out of control greed and revised corporate mentality.
     
    • Like Like x 3
  14. Brickjectivity

    Brickjectivity Veteran Member
    Staff Member Premium Member

    Joined:
    Dec 8, 2012
    Messages:
    29,411
    Ratings:
    +10,564
    Religion:
    liber-scripta grim Christian
    I can answer that one. Naturally they voted for what they saw as the lesser evil. The voters' thought they had to choose between blue or red. If they believed that abortion was criminal then they voted for red. If they believed pro life was better they voted blue. If that wasn't their issue then they just had to pick blue or red depending upon what their #1 issue was. Hence nobody actually voted for trickle down after Reagan, though after Reagan the media kinda went crazy pitting voters against each other. After that absolutely everything the blues did was either wrong or right and similarly for the reds. It was like NFL sports teams...very nasty. This got worse, and it got worse until we are in this current predicament. Almost nobody still believes in trickle down economics except a few baby boomers, and I think most of them have also dropped it. It doesn't matter now, because money speech according to the supreme court. Its always trickle down now.
     
    • Like Like x 2
    • Useful Useful x 1
  15. Shadow Wolf

    Shadow Wolf Rival's Wife

    Joined:
    Apr 11, 2005
    Messages:
    67,788
    Ratings:
    +24,970
    Religion:
    God is in the Rain
    What we had was feudalism at one point. Didn't matter. It wasn't working and it had to go. Just as 1% controlling 99% of wealth. A healthy society can't function with that.
     
    • Like Like x 2
  16. Salty Booger

    Salty Booger Royal Crown Cola (RC)

    Joined:
    Oct 2, 2020
    Messages:
    1,034
    Ratings:
    +672
    Religion:
    No Preference
    How are we measuring wealth--dollars, assets, happiness?
     
    • Useful Useful x 1
  17. Twilight Hue

    Twilight Hue The gentle embrace of twilight has become my guide

    Joined:
    Mar 7, 2009
    Messages:
    30,970
    Ratings:
    +12,350
    Religion:
    Philosophical Buddhism
    Yep. Build cheap, give little, and charge a massive fortune for it.
     
    • Like Like x 1
  18. MNoBody

    MNoBody Well-Known Member

    Joined:
    Mar 23, 2020
    Messages:
    2,703
    Ratings:
    +1,252
    that and usury....o_O:eek::confused:
     
  19. Estro Felino

    Estro Felino Believer in free will
    Premium Member

    Joined:
    Jun 28, 2014
    Messages:
    12,659
    Ratings:
    +4,097
    Religion:
    Pelagianism
    Very interesting reasoning.
    But slightly incomplete...because the greatest misconception economics learners have nowadays is that taxes have the purpose to drag wealth from the rich so it can be re-distributed equally.

    Taxes (T) are just the necessary money flow from the households and firms to the State to keep the demand of money under control (and so to prevent high interest rates ...or inflation in the long run).

    So...high taxes on the rich is not the solutoon. If there were no rich people, nobody could afford jewels or luxury products and many businesses would close.
    But the video is absolutely right. The rich are not job creators in most of cases, so taxing them is useful to create balance and equality in the short run.
    But in the long run more money printed by the State will be needed.

    The State does not need taxes to fund the public expenditure. It is supposed to create money from a Central Bank.

    So the problems are Central Banks which do not print the necessary money, that must circulate to allow
    a) entrepreneurs to start businesses
    b) customers to buy the goods and services ftom these businesses.
     
    #19 Estro Felino, Oct 20, 2020
    Last edited: Oct 20, 2020
    • Like Like x 1
  20. Guitar's Cry

    Guitar's Cry Verisimilitudinous

    Joined:
    Oct 18, 2006
    Messages:
    13,116
    Ratings:
    +2,680
    Religion:
    Panreligious mystical paganism
    Unfortunately, that often means indulging in white collar crime, inheriting it, or getting lucky with numbers.
     
Loading...