Of the 1%, by the 1%, for the 1%

Discussion in 'Politics' started by Chris, Oct 19, 2011.

  1. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous—12 percent in the last quarter-century alone. All the growth in recent decades—and more—has gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran. While many of the old centers of inequality in Latin America, such as Brazil, have been striving in recent years, rather successfully, to improve the plight of the poor and reduce gaps in income, America has allowed inequality to grow.

    Of the 1%, by the 1%, for the 1% | Society | Vanity Fair
     
  2. georgephillip
    Offline

    georgephillip Gold Member Supporting Member

    Joined:
    Dec 27, 2009
    Messages:
    26,428
    Thanks Received:
    1,265
    Trophy Points:
    215
    Location:
    Los Angeles, California
    Ratings:
    +2,039
    There's a useful contrast to be found in Germany. Since 1970 elites in the US have seen their share of total income increase from around 8% to nearly 25%. During the same time period, the richest 1% of Germans have earned around 11% of total national income.

    One reason is the fact the German labor unions have voting members sitting on the boards of directors of the corporations they work for. When German capitalists cast their greedy gaze on China, German labor told them to stuff it.

    A policy of debt forgiveness helped jump start the German economic miracle after the devastation of World War II.

    Maybe the concept of debt forgiveness (Jubilee) will catch on among OWS supporter in this country?
     
  3. Avatar4321
    Offline

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    70,548
    Thanks Received:
    8,163
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +12,165
    If you want more wealth, why don't you work at producing something of value so you can recieve it without compulsion and without force.
     
    • Thank You! Thank You! x 1
  4. Mr. H.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,117
    Thanks Received:
    9,265
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,395
    I never understood the covetous nature of Liberals.
     
    • Thank You! Thank You! x 1
  5. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,818
    Trophy Points:
    2,040
    Ratings:
    +27,360
    OMG, the WHINING about what others have and others don't is getting SICKENING

    friggen Commie bastards at Vanity fair no less.:lol:
     
    • Thank You! Thank You! x 1
  6. georgephillip
    Offline

    georgephillip Gold Member Supporting Member

    Joined:
    Dec 27, 2009
    Messages:
    26,428
    Thanks Received:
    1,265
    Trophy Points:
    215
    Location:
    Los Angeles, California
    Ratings:
    +2,039
    How have you fared economically over the last ten to twenty-five years?

    "While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous—12 percent in the last quarter-century alone. All the growth in recent decades—and more—has gone to those at the top."

    Of the 1%, by the 1%, for the 1% | Society | Vanity Fair

    Many of those at the top of the economic pyramid did not contribute anything of value to society. In fact, the outsourcing of millions of middle class jobs to China and the "contributions" of mortgage back securities to the Great Recession have turned life into a living hell for millions of formerly middle class Americans.
     
  7. Charles_Main
    Offline

    Charles_Main AR15 Owner

    Joined:
    Jun 23, 2008
    Messages:
    16,692
    Thanks Received:
    2,238
    Trophy Points:
    88
    Location:
    Michigan, USA
    Ratings:
    +2,251
    What a childish idiot you are.
     
  8. DontBeStupid
    Offline

    DontBeStupid Look it up!

    Joined:
    Jun 23, 2011
    Messages:
    4,463
    Thanks Received:
    422
    Trophy Points:
    48
    Location:
    Los Angeles, CA
    Ratings:
    +422
    What coveting? Most of us don't want this for ourselves.

    I never understood the selfish nature of Conservatives.
     
  9. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,818
    Trophy Points:
    2,040
    Ratings:
    +27,360
    OMG, those at the top of the economic pyramid did not CONTRIBUTE anything of value..
    then why don't you and your party gather them all up and SHOOT THEM. and you can start with YOUR ELECTED MASTERS.
    and for you info. I was doing OK until this administration, now I'm paying 3.50 a gallon of gas, bacon that was $2.99 is NOW $6.00, etc etc.
    you damn Socialist-Commies make me sick
     
  10. Mr. H.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,117
    Thanks Received:
    9,265
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,395
    If most don't want it, why the complaining about those who got it?
     

Share This Page