Except, it hasn't been just "republican parties" or have you forgotten how many decades the Democrats have been in control. And notice the increase during Obama years
So... is this fake news?
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Where has all the wealth gone?
- Thread starter Jeremiah Ames
- Start date
So... is this fake news?
That's a good question. But I'm sure what is discussed here is the amassing of wealth because with wealth comes power and we see how that works out politically. And then that power is accompanied with greed, when the CEO's make 350% more than the average worker. One stumbling block to this was the power of the unions, now with little clout what once was a comfortable middle class is no more.
But that's not to say that a wealthy lifestyle is no longer possible. One has to have a goal and the determination to achieve it. My grandson worked his way through college and earned his PHD, his first job offer, which he accepted, a 6 figure salary with stock options etc. I have a friend who years ago started her own business, the first few years was touch and go, but now has four locations and doing well.
I don't question their sincerity or sanity.
People have strong beliefs in their demons.
Republicans, Reagan, Rimmon, etc.
It's much easier than considering complexities.
tytlyf
Not Religious
No, that chart is accurate. What isn't accurate is you pinning the Great Bush Recession on Obama.
Going to be a tough road for you if that is what you believe.
Shadow Wolf
Certified People sTabber
Individually and collectively, we have to work with what we have, but sometimes what we have isn't good enough. It doesn't work. Things have to change. Things have to get better. Work smarter, not harder. Like when we started poking holes in the ground with sticks and dropping a seed in the hole so we could have a more stable and reliable source of food that allowed us to become non-migratory with the herds. As it was with every step in communications technology development. As it was with Tsars and Divine Right.
No... that isn't the chart
tytlyf
Not Religious
What's the chart then? What's your point?
Friend of Mara
Active Member
lets go back a little further shall we?
Then we also have to see how much of the "drop" in poverty comes from raising the poverty line as well as looking at the line of value our currency over the same number of years.
Prior HHS Poverty Guidelines and Federal Register References
Value of 1990 US Dollars today - Inflation calculator
A bit interesting that every drop in "poverty" in the chart for 1990-present is either after a sharp increase from a recession or in direct response to raising the federal poverty line. This can be exacerbated further with looking at individual state increases or lack thereof. A simpler question is why all "new wealth" seems to be accumulated at the very very top.
Wealth inequality in the United States - Wikipedia
Or by the total quantity of wealth held by certain income percentages.
Poverty is down in Republican control... and poverty has nothing to do with a party. Certainly the original statement of 'IT'S ALL BECAUS OF REPUBLICANS" is not only fake news but a blind statement. IMV
lets go back a little further shall we?
Then we also have to see how much of the "drop" in poverty comes from raising the poverty line as well as looking at the line of value our currency over the same number of years.
Prior HHS Poverty Guidelines and Federal Register References
Value of 1990 US Dollars today - Inflation calculator
A bit interesting that every drop in "poverty" in the chart for 1990-present is either after a sharp increase from a recession or in direct response to raising the federal poverty line. This can be exacerbated further with looking at individual state increases or lack thereof. A simpler question is why all "new wealth" seems to be accumulated at the very very top.
Wealth inequality in the United States - Wikipedia
Or by the total quantity of wealth held by certain income percentages.
Graphs and measurements are a funny thing... you can almost say what you want to say about it.
1) "A bit interesting that every drop in "poverty" in the chart for 1990-present is either after a sharp increase from a recession or in direct response to raising the federal poverty line" - sure, when there is no recession, poverty line decreases. Raising poverty line is also adjust for inflation.
2) The bottom 50% does not reflect food stamp help, housing help, earned income credit help. Doesn't reflect helps by churches or non-religious organizations and in-kind helps.
3) None of the figures reflect spending habits. (Interesting how many people can't afford to move forward but have plenty of money for beer and cigarettes.)
Friend of Mara
Active Member
Typically it trails behind inflation.
Sure. Is your point that you think this offsets the drastic increase of wealth disparity?
Its a debunked argument that people are poor because they buy starbucks. Do you have any kind of evidence that suggests the poor simply are outspending a proportional gain of wealth? Fact of the matter is people by in large make far less than they did earlier while the rich make exponentially more than before. The average person in that 50% or below line might have a few hundred dollars of unnecessary money a year. Hell maybe just maybe they might have a thousand.
I don't want to assume any of your arguments but I have heard similar arguments from people who have also said that the millennials are just lazy or poorly equipped. But evidence shows millennials take fewer vacations, work more hours per week on average and are definitively the best educated generation that has ever existed in America. Again I don't know if you take that position and if not feel free to ignore.
Household income in the United States - Wikipedia.
The median household income in the US was 63k dollars. In 1990 it was 50k. 50k of 1990's dollars would be worth 102k in today's money. If you answer nothing else at all in my post please give me your thoughts on this.
Median household income, by state: Selected years, 1990 through 2009
Sand Dancer
Crazy Cat Lady
Uh, what???
Shadow Wolf
Certified People sTabber
I hate when people start deriding those on welfare. Sure, some are lazy, some do abuse the system. Most don't. I had clients in mental health who were extensively on welfare and yet they wanted to work, but their health wouldn't allow it. And then many on welfare work multiple jobs. They work long hours. But getting a decent job isn't as easy as "choosing were to work for" as many RW Chicago adherents would believe.
Guitar's Cry
Disciple of Pan
Interesting reply! Care to elaborate?
My comment was partially tongue in cheek, but if you consider that wealth is very often inherited, the wealthy are very often guilty of white collar crimes that have the result of increasing or maintaining wealth (remember the Panama Papers), and some are just plain lucky in terms of circumstance, I am not sure if having wealthy folks teach students would be effective.
Teaching budgeting and how to invest is worthwhile, but that often only goes so far. It's ineffective for gaining wealth for a majority of people living paycheck to paycheck.
I'm not looking at being super wealthy. Just the ability to be solvent save a little money, maybe buy some property.
So my wife for example became a nurse. She worked hard to get through school pay of loans pass the state boards. She has the experience, knowledge of the steps necessary to becoming a nurse.
What she has done in turn is to mentor several friends/family to through the process of becoming a licensed nurse. These people have gone on to have good careers, buy houses in Calif etc.
Another gentleman I know was mentored by his father, who help his some and others to start businesses as gas station owners.
A third guy I know has made a career of investing into gold and silver. He has also helped others to duplicate his success.
I have seen successful people able to mentor other people to begin their own successful careers.
I think there exists plenty of opportunities, just not a lot of people with the knowledge to take advantage of those opportunities. We just need to get the people with that knowledge together with the people can take advantage of that knowledge.
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tytlyf
Not Religious
So you think Obama is responsible for the high (and spiking) poverty rate he inherited?
The chart shows me republicans are terrible for the economy and working class.
Never said that... all I said was the initial statement that it was ALL the Republicans fault denies reality and it was a, so to speak, paid political add because it denies the reality that Democrats have been in control just as much as the Republicans.. Certainly it would appear that all of Obama's efforts didn't produce much change.
There have been good Democratic Presidents and there have been good Republican Presidents.