As the Rich Get Richer, the Poor Get Richer

Discussion in 'Economy' started by Weatherman2020, Apr 14, 2018.

  1. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    We don’t resent their success

    We just believe they should contribute more to the society that they benefit so much from
     
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  2. GreenBean
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    GreenBean Gold Member Supporting Member

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    Well it certainly ain't Joe Mama ! Here Are the Billionaires Backing Hillary Clinton
     
  3. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    Please explain the ways they can "contribute more to the society".
    How do we know when they've done enough?
    What are your benchmarks?
     
  4. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    You have still not made a point
     
  5. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Good question

    Let’s look at what society was able to provide when billionaires were paying a top rate of 50-70 percent
    We had world class infrastructure, healthcare that didn’t bankrupt workers, low cost higher education, fully funded retirements

    Now, we just shrug and say......sorry pal, can’t afford it
     
  6. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    healthcare that didn’t bankrupt workers, low cost higher education, fully funded retirements

    And as government got more heavily involved in those areas, things got worse........

    Now, we just shrug and say......sorry pal, can’t afford it

    Despite spending larger and larger amounts on them.
     
  7. rightwinger
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    It is not the government causing escalating education and healthcare....it is greed

    Wages have not kept place with inflation. Workers substitute debt for lost income
     
  8. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    It is not the government causing escalating education and healthcare..

    Government throwing trillions of tax dollars at education and healthcare didn't cause prices to rise?

    Wages have not kept place with inflation.

    Wages for whom? Over what period? Link?
    What about total compensation?
     
  9. sparky
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    sparky VIP Member

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    For most workers, real wages have barely budged for decades | Pew ...
    www.pewresearch.org/.../for-most-workers-real-wages-have-barely-budged-for-decad...
    Oct 9, 2014 - For most U.S. workers, inflation-adjusted wages have been flat or falling for decades, regardless of whether the economy has been adding or subtracting ... That's not much, especially when compared with the pre-Great Recession years of 2006 and 2007, when the average hourly wage often increased by ...

    5 facts about the minimum wage | Pew Research Center
    www.pewresearch.org/fact-tank/2017/01/04/5-facts-about-the-minimum-wage/
    Jan 4, 2017 - 1Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.68 (in 2016 dollars). Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 9.6% of its purchasing power to inflation. Back in 2015, The Economist estimated that, given how rich the U.S. is and ...

    Adjusted for inflation, the federal minimum wage is worth less than 50 ...
    https://www.cnbc.com/.../adjusted-for-inflation-the-federal-minimum-wage-is-worth-l...
    Jul 21, 2016 - The buying power of the federal minimum wage hasn't kept up with inflation, despite periodic increases. ... Opponents argue that mandating higher wages will hurt smaller companies that may not have the sales or support to take on the increase plus the added pressure and costs for other regulations, ...

    Wages Have Been Stagnant For 40 Years But It's Not The Fault Of ...
    Wages Have Been Stagnant For 40 Years But It’s Not The Fault Of American Workers...
    Sep 2, 2015 - Wages Have Been Stagnant For 40 Years But It's Not The Fault Of American Workers ... Things have gotten even worse since 2000: net productivity has grown 21.6 percent since then, yetinflation-adjusted compensation for the median worker ... But economic growth has kept increasing at a healthy rate.

    Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
    Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
    Jan 30, 2018 - Where are wages real-ly growing? Real wage growth is the growth present after accounting for inflation. Chicago has seen the highest real wage growth in recent years, rising at an average of 1.4 percent per year over roughly the past three years since November 2014. Where are realwages not growing?
    Why Wages Aren't Growing in America - Harvard Business Review
    Why Wages Aren’t Growing in America
    Oct 24, 2017 - Since the early 1970s, the hourly inflation-adjusted wages received by the typical workerhave barely risen, growing only 0.2% per year. ... Understanding how and why this stagnation occurred is not just an academic question — it is essential to redesigning public policies so that more Americans share in ...
     
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  10. sparky
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    [​IMG]
     
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