01-07-2013, 08:41 AM | #29 |
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That was right before the wealth gap between the ultra-rich and everyone else (which had remained relatively stable up until then) started to grow out of control, leading to the economic mess we're in today.
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01-07-2013, 09:55 AM | #30 |
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interesting data. wonder what took place in 79 to cause that?
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01-07-2013, 10:24 AM | #31 |
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So 3,800,000 people have more effect on the economy than 308,000,000 people do. Wow...
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01-08-2013, 09:45 AM | #32 |
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I don't think it's a single event that started this -- I think it's a combination of events that have been ongoing ever since. The causes are pretty complex, but it's basically a case of the rich getting richer at the expense of everyone else. This is what the Occupy protests were all about. There's even a name for this: The Great Divergence.
If the 1%ers had not started taking far more than their fair share for these past thirty years or so, we would all be able to afford ZL1s today. I've read other articles that calculated how much the 99% would be earning had this not started happening and it works out to be that we should all be earning almost twice what we earn now. So, if you are making $50K a year today, you would have been making $100K a year had the 1%ers not been so greedy for so long. This is pretty much why the economy is in the tank: the people who *really* create the jobs and keep the economy going by actually *spending* money -- i.e. the 99% -- have had their money effectively "stolen" from them by the 1%. But I digress; this is getting too political.
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01-08-2013, 12:48 PM | #33 | |
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must be nice to imagine that everyone actually has the same opportunities and not have to face reality.
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01-08-2013, 12:56 PM | #34 | |
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Just think if I can only afford to invest $1000 in stock and it goes up 10% I make $100. But if a wealthy person can afford to invest 1,000,000 in stock and it goes up 10% he makes $100,000.. That's how the rich get richer faster. But the normal person does not have the vast resources the rich do so our wealth is slower to increase. Then again if the stock market decreases the same 10% he has more to lose so his risk is greater. Playing the stock market is almost like gambling, never risk more than you can afford to lose.
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01-08-2013, 01:04 PM | #35 |
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01-08-2013, 01:06 PM | #36 |
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Show me the figures that show they have 50% of the wealth....
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01-08-2013, 01:23 PM | #37 | |
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Quote:
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01-08-2013, 02:10 PM | #38 | |
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Do you think that CEO started out his business life making millions of dollars a year? He probably at one time had a job similar in status as you do now. So how did he get to that position? Just as you said it took a hell of a lot of work to get to that status..... What makes you think you should get his money he worked his butt off to get where he is? Did you do anything to deserve it? That's what's wrong with this country vilify those that make something out of themselves saying they don't deserve what they worked their whole life for. I bet you wouldn't want to give up a penny of what you earned because someone that makes less than you do says you don't deserve it.
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01-08-2013, 02:35 PM | #39 | |
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We are talking about rich getting richer, im saying he doesnt need 80 billion dollars and if he wanted out of the goodness of his heart to only make 30 mill next year instead of 60 mill then he could pay employees more, i mean at some point isnt there just too much money for one person? Chill out bud. I didnt vilify anyone maybe you should reread posts I think you confused me with someone else...
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01-08-2013, 03:42 PM | #40 |
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01-08-2013, 04:11 PM | #41 |
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No but I don't begrudge people for having money...and I don't think anyone has the right to tell anyone how much money is too much to have and what they need to do with it.
Sorry but this has gotten way off topic.... I'm done.
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01-08-2013, 04:59 PM | #42 |
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I dont think anyone or at least most people do nor begrudge someone for having money. However are economic problems stem from too much money in the hands of two few and a lack of any political will to do anything about. The longer nothing is done the worse things will get economically.
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