CrusaderFrank
Diamond Member
- May 20, 2009
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Conservative want people to succeed, yes, that is why we're loathed and hated by Communists, Socialists and Marxists everywhere
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The 400 wealthiest Americans have a greater combined net worth than the bottom 150 million Americans.
The top 1 percent of Americans possess more wealth than the entire bottom 90 percent.
Aren't those leftists peddling this point the least bit interested in WHERE the source of the data came from? (NO!!)
I traced the "source" back to approx here..
Wealth holdings remain unequal in good and bad times | State of Working America
Quote:
Wolff, Edward. 2010. Unpublished analysis of the Survey of Consumer Finances (2007) & Federal Reserve Flow of Funds (2009) data prepared in 2010 for the Economic Policy Institute.
NOTE ---> the SOURCE is an "UNPUBLISHED analysis of the Survey of Consumer Finances". If that passes for the smell test for you --- you MUST be a class warrior, Daily Kos dwelling leftist.
Conservative want people to succeed, yes, that is why we're loathed and hated by Communists, Socialists and Marxists everywhere
When 50 per cent of the population are on the government dole, it don't take much to make that one per cent.
The prevailing mood, especially with the Occupy Wall Street crowd is "If I can just sit back and recline at table and have Obama send me my forty legions of angels to drop grapes into my open and waiting mouth whenever I wish, why should I work?"
Working requires getting yourself up at an early hour, bathing, shaving, getting yourself dressed, getting yourself out into that detestable cold air (or heat), providing transportation to and from your place of employ, and then worst of all being required to station yourself at whatever work station your employer provides and Heaven forbid, keeping your attention focused on the task at hand and, God forbid, that you have to sweat while you're at it. So much easier to hang around carrying a protest sign that someone else probably printed up for you and scope out all the stoned trollops, getting body painted, hanging around.
Gone are the days when a Sicilian back at home in Italy would receive and respond to a note from a relative over in America telling him to come on over, you can find ample work here to make yourself the "Good life" you've always dreamt of.
America today is not the America of immigrants responding to Liberty's siren call "Give me your tired, your poor, your huddled masses yearning to breathe free" but instead a huddled mass yearning for a benevolent master. Good news though. The Occupy Walll Street crowd just received the support of both
the Nazi and Communist Parties.
First deany? Stop looking in the mirror. There's your failure staring back at you.Conservative want people to succeed, yes, that is why we're loathed and hated by Communists, Socialists and Marxists everywhere
What makes you think you are anything but a failure?
The 400 wealthiest Americans have a greater combined net worth than the bottom 150 million Americans.
The top 1 percent of Americans possess more wealth than the entire bottom 90 percent.
If you trace back the source of that data that a lazy journalist just regurgitated -- you'll find that it links to the same phoney source as that pie-chart that Chris has been passing off. Amazing how Mark Twain was right when he said..
"A lie can spread half-way around the world before the truth even gets it's pants on".. He'd be amazed how much truer that is today..
From the thread --- http://www.usmessageboard.com/4180468-post1.html
Aren't those leftists peddling this point the least bit interested in WHERE the source of the data came from? (NO!!)
I traced the "source" back to approx here..
Wealth holdings remain unequal in good and bad times | State of Working America
Quote:
Wolff, Edward. 2010. Unpublished analysis of the Survey of Consumer Finances (2007) & Federal Reserve Flow of Funds (2009) data prepared in 2010 for the Economic Policy Institute.
NOTE ---> the SOURCE is an "UNPUBLISHED analysis of the Survey of Consumer Finances". If that passes for the smell test for you --- you MUST be a class warrior, Daily Kos dwelling leftist.
The only time I've ever disclosed net worth was on College Finance App (FAFSA). Even my financial advisors don't know the whole picture.
Without a STUDY to show their numbers, methodology, and assumptions, that FACTOID is meaningless. And the fact that it is a UNPUBLISHED analysis ought to tell you a lot.. But you're a party animal and not INTERESTED in analysis -- RIGHT RDEAN???
Tell me RDEAN are the 12Mill ILLEGAL workers counted in that statistic? You don't know do ya... Who supplies stock and equity holdings information on every citizen? Is it based on TAXFILERS -- or ALL Americans? Does it count STUDENTS?
You're a moron if you don't care about the BASIC questions...
First deany? Stop looking in the mirror. There's your failure staring back at you.Conservative want people to succeed, yes, that is why we're loathed and hated by Communists, Socialists and Marxists everywhere
What makes you think you are anything but a failure?
The top 1 percent of Americans possess more wealth than the entire bottom 90 percent.
Conservative want people to succeed, yes, that is why we're loathed and hated by Communists, Socialists and Marxists everywhere
What makes you think you are anything but a failure?
life's unfair.
keep it under your hat.
Indeed it is. Therefore we should do nothing about it.
The Soviet tried to make things fair once upon a time too...life's unfair.
keep it under your hat.
Indeed it is. Therefore we should do nothing about it.
Every other time in History that government have set down the road of attempting to Make things fair by law, the result was Totalitarianism of one sort or another.
You really want to go down that road again? Just because Obama and the Left of the Democrat Party are stupid enough to think they are the ones who will finally get it right this time?
The 400 wealthiest Americans have a greater combined net worth than the bottom 150 million Americans.
The top 1 percent of Americans possess more wealth than the entire bottom 90 percent.
In the Bush expansion from 2002 to 2007, 65 percent of economic gains went to the richest 1 percent.
More broadly, theres a growing sense that lopsided outcomes are a result of tycoons manipulating the system, lobbying for loopholes and getting away with murder. Of the 100 highest-paid chief executives in the United States in 2010, 25 took home more pay than their company paid in federal corporate income taxes, according to the Institute for Policy Studies.
Living under Communism in China made me a fervent enthusiast of capitalism. I believe that over the last couple of centuries banks have enormously raised living standards in the West by allocating capital to more efficient uses. But anyone who believes in markets should be outraged that banks rig the system so that they enjoy profits in good years and bailouts in bad years.
The banks have gotten away with privatizing profits and socializing risks, and thats just another form of bank robbery.
http://www.nytimes.com/2011/10/16/opinion/sunday/kristof-americas-primal-scream.html
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He goes on to cite studies that show "income inequality" keeps the economy from growing. Well, these are simply common sense. Democrats on this board, including me, have been pointing this out for the last few months. The Republicans here keep saying, "Oh, it's because you're lazy and don't know how to work". What a bunch of fools.
With huge income inequality, you have a lack of demand. That means "no jobs". And look at the AVERAGE Wall Street Job. Well over $300,000.00 a year for producing NOTHING. Just moving money around. Could you imagine if we followed Republicans idea of throwing our money into the stock market? Of all the crazy, insane schemes.
How many USMB Republicans are sleeping in a bag in the living room of mom's double wide, out of work, who are calling the left, "Lazy, no good communist bums?"
With this type of income inequality, there is no "Hard work and you can succeed". Because there are no jobs. No way to pay off those loans. Income inequality sucks the life out of the economy. How many of those guys did it, NOT with hard work, but with bought politicians?
According to an analysis of Federal Reserve data by the Economic Policy Institute, a liberal research organization, the top 1 percent of Americans by net worth hold about a third of American wealth.The average net worth for the 99th percentile in net worth was $19,167,600 as of 2007, based on this research. The average net worth of the next 9 percent of Americans was $2,371,500.
That means, of course, that the bottom 99 percent of Americans includes an awful lot of millionaires.
life's unfair.
keep it under your hat.
Indeed it is. Therefore we should do nothing about it.
Every other time in History that government have set down the road of attempting to Make things fair by law, the result was Totalitarianism of one sort or another.
You really want to go down that road again? Just because Obama and the Left of the Democrat Party are stupid enough to think they are the ones who will finally get it right this time?
Not really. The Constitution ensures that no one is above the law, which makes the playing field equal for all. Life still isn't fair and thinking that you can legislate a fair life is folly. The Constitution certainly does NOT allow the government to seize property from one to give to another in some futile and subjective idea of what is fair.Indeed it is. Therefore we should do nothing about it.
Every other time in History that government have set down the road of attempting to Make things fair by law, the result was Totalitarianism of one sort or another.
You really want to go down that road again? Just because Obama and the Left of the Democrat Party are stupid enough to think they are the ones who will finally get it right this time?
What horseshit. From the Constitution on, the history of this country is a history of the People using the law to try to make things fair.
Conservative want people to succeed, yes, that is why we're loathed and hated by Communists, Socialists and Marxists everywhere
What makes you think you are anything but a failure?
Conservative want people to succeed, yes, that is why we're loathed and hated by Communists, Socialists and Marxists everywhere
What makes you think you are anything but a failure?
The 400 wealthiest Americans have a greater combined net worth than the bottom 150 million Americans.