The end result of the conservative revolution: Our Banana Republic

Discussion in 'Politics' started by Bfgrn, Nov 7, 2010.

  1. Bfgrn
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    Bfgrn Gold Member

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    Opinion

    By NICHOLAS D. KRISTOF

    In my reporting, I regularly travel to banana republics notorious for their inequality. In some of these plutocracies, the richest 1 percent of the population gobbles up 20 percent of the national pie.

    But guess what? You no longer need to travel to distant and dangerous countries to observe such rapacious inequality. We now have it right here at home — and in the aftermath of Tuesday’s election, it may get worse.

    The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.

    C.E.O.’s of the largest American companies earned an average of 42 times as much as the average worker in 1980, but 531 times as much in 2001. Perhaps the most astounding statistic is this: From 1980 to 2005, more than four-fifths of the total increase in American incomes went to the richest 1 percent.
    edited short please keep articles to a few paragraphs then link to the rest per rules of board, Care
     
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  2. Liberty
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    Liberty Silver Member

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    lol no
     
  3. editec
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    editec Mr. Forgot-it-All

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    I long ago cointed what I think is the perfect name for that America where income and wealth inequity is leading us to:

    BANANAMERICAN National Anthem

    We had a shot
    in Ame-rica.
    Now things are rot
    in Ame-rica.
    There's some with a lot
    in Ame-rica.
    But more ain't got squat
    in Ame-ricaaaaaaaaa

    (musical interlude for those who are familiar with this tune from West Side Story)​

    We use to build
    In Ame-rica
    Ate till we're filled
    In Ame-rica
    Now we take pills
    In Ame-rica
    Cause greed it has killed
    Off Ame-ricaaaaaaaaaa
     
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  4. Mr. H.
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    Mr. H. Diamond Member

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    Knock knock.
     
  5. Liberty
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    Liberty Silver Member

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    why does the left always want to be mediocre? Such failures at life.
     
  6. Stephanie
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    Stephanie Diamond Member Supporting Member

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    lol, all you can so is shake your head at the stupid article and laugh your ass off.

    and I think poor Nicholas Kistoff should find a high bridge and jump off, the world is about to end.

    :lol::cuckoo::cuckoo:
     
    Last edited: Nov 7, 2010
  7. kyzr
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    kyzr Gold Member

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    The other side of that coin is that I heard The Donald say that if the Bush Tax Cut is not extended the wealthy would all leave and go to places like Switzerland, and take their wealth with them.

    A 2% tax increase, boo-fucking-hoo.
    Whatever happened to Obama's initiative of going after off-shore tax cheats?
    We need a confiscation czar to scarf-up the estates of traitors who take their wealth off-shore in order to avoid paying taxes. I'd take Marc Rich's stash first.
     
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  8. The Rabbi
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    The Rabbi Diamond Member

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    Yes, the election of the GOP to the House and many state governments means we are headed for Paraguay.
    Where do people get this shit? The OP is so absurd refuting it would be like shooting fish in a barrel.
    Why do liberals fixate on "income distribution"? What is their solution, other than "redistribution"?
     
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  9. RadiomanATL
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    RadiomanATL Senior Member

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    We see this sore-loserism after every election.

    Obama wins, the right goes "Oh NOES!! SOCIALISM! NO RIGHTS! GAYS! HIPPIES!"

    Republicans win the house, the left goes "Oh NOES!! BANANA REPUBLIC, OLIGARCHY! FASCISM!"


    *yawn*
     
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  10. The Rabbi
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    The Rabbi Diamond Member

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    Except the Right was correct: Gov't takeover of private enterprise. Further erosion of constitutional protections. Marxists in the administration.
    The Left just trots out their usual stalking horses, all of them proven wrong.
     

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