US Income Inequality: Top !% Take Home 24% of US Income

Discussion in 'Economy' started by Political Junky, Nov 8, 2010.

  1. Political Junky
    Offline

    Political Junky Gold Member

    Joined:
    May 27, 2009
    Messages:
    19,557
    Thanks Received:
    2,948
    Trophy Points:
    260
    Ratings:
    +5,538
    That qualifies the US as a third world nation.

    U.S. Income Inequality: Top 1 Percent Take Home 24 Percent Of U.S. Income

    The New York Times:

    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.

    Read the whole story: The New York Times
     
    Last edited: Nov 8, 2010
  2. Two Thumbs
    Offline

    Two Thumbs Platinum Member

    Joined:
    Sep 27, 2010
    Messages:
    33,450
    Thanks Received:
    5,786
    Trophy Points:
    1,140
    Location:
    Where ever I go, there I am.
    Ratings:
    +11,589
    America is a 3rd world country?

    On behalf of all proud Americans, either rich, poor somewhere in the middle;


    FUCK YOU ASSHOLE!!
     
    • Thank You! Thank You! x 1
    Last edited: Nov 8, 2010
  3. DiamondDave
    Offline

    DiamondDave Army Vet

    Joined:
    Jun 30, 2008
    Messages:
    18,169
    Thanks Received:
    2,812
    Trophy Points:
    183
    Location:
    MD, on the Potomac River
    Ratings:
    +2,816
    And they have the freedom to succeed, just as they have the freedom to fail.... just as every other citizen does.... a free society should not be about punishing success nor for padding failure...

    It's class warfare that breeds the envy and jealousy we see from those who make more $$$... and if they would put as much effort into forming their own success as they do about complaining about the success of others, they might be a little better off
     
  4. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    Typical HuffPuff crap.

    'All men are CREATED equal". Key word: Created. Why is it inequality for some people to get more than others? Want more, get up off your ass and work harder.
     
  5. Jeremy
    Offline

    Jeremy TRANSFER!!!

    Joined:
    Jun 11, 2010
    Messages:
    7,777
    Thanks Received:
    1,188
    Trophy Points:
    98
    Ratings:
    +1,190
    Wow. We have a lot of lazy fucking loosers in this country.
     
    • Thank You! Thank You! x 2
  6. GWV5903
    Online

    GWV5903 Gold Member

    Joined:
    Aug 5, 2009
    Messages:
    3,367
    Thanks Received:
    891
    Trophy Points:
    190
    Location:
    Austin, Texas
    Ratings:
    +1,293
    Get a JOB, maybe then you will understand how it works....
     
  7. LibocalypseNow
    Offline

    LibocalypseNow Senior Member

    Joined:
    Jul 30, 2009
    Messages:
    12,337
    Thanks Received:
    1,356
    Trophy Points:
    48
    Ratings:
    +1,357
    So what's your point? Should the State now order the confiscation of Citizens' Income to achieve "Equality?" Sounds pretty scary to me. This is why i keep telling people that the Socialists/Progressives should be taken very seriously. They have some very dangerous plans for this Nation. Always keep in mind that the Nazis were Socialists. I don't care what the dumbed-down Liberal-controlled Public School System taught you. The Nazis were loyal Socialists till the very end. Your Freedom really is at stake.
     
  8. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,620
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,215
    Remind me again why this is a problem?
    The difference is that in 3rd world countries someone is guaranteed that kind of income because his father/brother/son/daughter etc is from the right family.
    In American it happens because some people are smarter and work harder than others.
     
  9. Zander
    Offline

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,452
    Thanks Received:
    6,575
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,892
    Very interesting article - if anyone is interested - The full article is here: http://www.nytimes.com/2010/11/07/opinion/07kristof.html?_r=1

    Kristoff makes a few good points, but we are far from a "banana republic". Show me a "banana republic" where any child, no matter how humble his or her origins, can grow up to be president?? Or where the chance at "upward mobility" is as high as it is here? Also, the 24% that he cites in his op-ed includes capital gains, business income, rents, etc, and excludes government transfers like unemployment and social security - so it is a bit misleading. The dats is from 2007 as well. We had quite a bubble that year!!

    The figures comes from this report - http://elsa.berkeley.edu/~saez/saez-UStopincomes-2007.pdf which, in my humble opinion, is well worth the read.

    Also worth reading is this article Why we can't ignore growing income inequality. (1) - By Timothy Noah - Slate Magazine from Slate - that is also referred to in the Kristoff Op-Ed piece.


    The bottom line is that even if we all agree that this is a problem -none of the experts have any real idea how to reverse the trend because almost no one can agree about what's causing it!!
     
    • Thank You! Thank You! x 1
  10. uptownlivin90
    Offline

    uptownlivin90 Rebelious Youngin

    Joined:
    Oct 16, 2009
    Messages:
    2,525
    Thanks Received:
    384
    Trophy Points:
    48
    Location:
    Maryland
    Ratings:
    +384
    Not any more.

    We don't live in that America any more.

    We live in Obama-Bushland. Where our government spends money to make sure that certain corporations don't fail. It's called a bailout.

    It led to the destruction of capitalism in 2008 under Booosh. Now Obama and Pelosi are just pissing on its grave by expanding the foolishness to gm and running up the deficit.

    I wonder how long its going to take for the American left to figure out that their just as much to blame as Bush.
     
    • Thank You! Thank You! x 2
    Last edited: Nov 8, 2010

Share This Page