Wealth inequality vs income inequality

[rightwinger]

Wealth inequality is even worse than income inequality

And if you think income inequality is bad, well, you ain't seen nothing yet.

As of 2015, the top 1 percent of American households in terms of wealth ownership enjoy 35 percent of the pie all by themselves. The top 10 percent own a staggering 76 percent of all wealth.

Furthermore, from 1963 to 2013, families in the bottom 10 percent of wealth ownership went from having no wealth at all on average to being $2,000 in debt. Over the same time period, the average wealth of the top 10 percent grew four times over. For the top 1 percent, it grew six times over. These shifts are far larger than the changes in the distribution of income over the same time frame.


The question is.....why do we continue economic policies that benefit the wealthy?
They obviously don't need it

 

[gipper]

...and your Messiah did all he could to accelerate it, but you are too blind to see it.

 

[TNHarley]

Wealth inequality is even worse than income inequality

And if you think income inequality is bad, well, you ain't seen nothing yet.

As of 2015, the top 1 percent of American households in terms of wealth ownership enjoy 35 percent of the pie all by themselves. The top 10 percent own a staggering 76 percent of all wealth.

Furthermore, from 1963 to 2013, families in the bottom 10 percent of wealth ownership went from having no wealth at all on average to being $2,000 in debt. Over the same time period, the average wealth of the top 10 percent grew four times over. For the top 1 percent, it grew six times over. These shifts are far larger than the changes in the distribution of income over the same time frame.


The question is.....why do we continue economic policies that benefit the wealthy?
They obviously don't need it

Because our retarded bureaucrats that keep getting elected for some ungodly reason lines their pockets.
The duopoly doesn't give a fuck about you

 

[rightwinger]

...and your Messiah did all he could to accelerate it, but you are too blind to see it.

Obama has little power over the distribution of wealth

It is the right who was fear mongering about it

 

[rightwinger]

Wealth inequality is even worse than income inequality

And if you think income inequality is bad, well, you ain't seen nothing yet.

As of 2015, the top 1 percent of American households in terms of wealth ownership enjoy 35 percent of the pie all by themselves. The top 10 percent own a staggering 76 percent of all wealth.

Furthermore, from 1963 to 2013, families in the bottom 10 percent of wealth ownership went from having no wealth at all on average to being $2,000 in debt. Over the same time period, the average wealth of the top 10 percent grew four times over. For the top 1 percent, it grew six times over. These shifts are far larger than the changes in the distribution of income over the same time frame.


The question is.....why do we continue economic policies that benefit the wealthy?
They obviously don't need it

Because our retarded bureaucrats that keep getting elected for some ungodly reason lines their pockets.
The duopoly doesn't give a fuck about you

No they don't

They serve their ultra rich masters well......some more than others

 

[initforme]

America IS a plutocracy...and that is we to some of you?

 

[gipper]

...and your Messiah did all he could to accelerate it, but you are too blind to see it.

Obama has little power over the distribution of wealth

It is the right who was fear mongering about it

Yet income inequality skyrocketed during his reign of terror. If he were an R, you would be shitting all over him for what he did.

Added Benefit...for dummies....Big Ears doubled the national debt, yet he reduced the size of the middle class and added to the poor class. Job well done...to progressives.

 

[rightwinger]

...and your Messiah did all he could to accelerate it, but you are too blind to see it.

Obama has little power over the distribution of wealth

It is the right who was fear mongering about it

Yet income inequality skyrocketed during his reign of terror. If he were an R, you would be shitting all over him for what he did.

Added Benefit...for dummies....Big Ears doubled the national debt, yet he reduced the size of the middle class and added to the poor class. Job well done...to progressives.

No, it continued on its upward path

The same as it has since Reagan initiated it

 

[SmokeALib]

Jeez another worthless traitorous leftist fool that thinks he deserves the earnings of another human being while sitting his lazy ass on his couch all day.

 

[Ray From Cleveland]

Because our retarded bureaucrats that keep getting elected for some ungodly reason lines their pockets.
The duopoly doesn't give a fuck about you

Ahhhhh, a bureaucrat is not an elected official and bureaucracies were not created by the voters. A bureaucrat is an unelected official that gets to make laws against the will of the people. A bureaucrat is totally un-constitutional.

 

[Ray From Cleveland]

...and your Messiah did all he could to accelerate it, but you are too blind to see it.

Obama has little power over the distribution of wealth

It is the right who was fear mongering about it

Yet income inequality skyrocketed during his reign of terror. If he were an R, you would be shitting all over him for what he did.

Added Benefit...for dummies....Big Ears doubled the national debt, yet he reduced the size of the middle class and added to the poor class. Job well done...to progressives.

No, it continued on its upward path

The same as it has since Reagan initiated it

Initiated what?

 

[Ray From Cleveland]

Wealth inequality is even worse than income inequality

And if you think income inequality is bad, well, you ain't seen nothing yet.

As of 2015, the top 1 percent of American households in terms of wealth ownership enjoy 35 percent of the pie all by themselves. The top 10 percent own a staggering 76 percent of all wealth.

Furthermore, from 1963 to 2013, families in the bottom 10 percent of wealth ownership went from having no wealth at all on average to being $2,000 in debt. Over the same time period, the average wealth of the top 10 percent grew four times over. For the top 1 percent, it grew six times over. These shifts are far larger than the changes in the distribution of income over the same time frame.


The question is.....why do we continue economic policies that benefit the wealthy?
They obviously don't need it

So I presume you are the ultimate judge as to what people need?

So let's hear it OP, what would you do to make things equal?

 

[MarathonMike]

Income and wealth inequality will always exist because people are not born with equal drive or equal intelligence. It is impossible to legislate individual success, you have to go get it.

 

[rightwinger]

Wealth inequality is even worse than income inequality

And if you think income inequality is bad, well, you ain't seen nothing yet.

As of 2015, the top 1 percent of American households in terms of wealth ownership enjoy 35 percent of the pie all by themselves. The top 10 percent own a staggering 76 percent of all wealth.

Furthermore, from 1963 to 2013, families in the bottom 10 percent of wealth ownership went from having no wealth at all on average to being $2,000 in debt. Over the same time period, the average wealth of the top 10 percent grew four times over. For the top 1 percent, it grew six times over. These shifts are far larger than the changes in the distribution of income over the same time frame.


The question is.....why do we continue economic policies that benefit the wealthy?
They obviously don't need it

So I presume you are the ultimate judge as to what people need?

So let's hear it OP, what would you do to make things equal?

Who said anything about making things equal

I only asked why we are continuing policies that enable the wealthy to accumulate and maintain more wealth?

They obviously don't need it

 

[grainbely]

Jeez another worthless traitorous leftist fool that thinks he deserves the earnings of another human being while sitting his lazy ass on his couch all day.

That's got to be one of the most intentionally misinformed ideas out there, and you people keeping saying it. What is it based on? Who out there ever says "tax the rich AND GIVE IT TO ME." no one, because it doesn't happen, and y'all are just making shit up.

 

[rightwinger]

 

[Brain357]

...and your Messiah did all he could to accelerate it, but you are too blind to see it.

Obama has little power over the distribution of wealth

It is the right who was fear mongering about it

Yet income inequality skyrocketed during his reign of terror. If he were an R, you would be shitting all over him for what he did.

Added Benefit...for dummies....Big Ears doubled the national debt, yet he reduced the size of the middle class and added to the poor class. Job well done...to progressives.

What have republicans done? Control of congress is a big deal, and now they control everything.

 

[Brain357]

Wealth inequality is even worse than income inequality

And if you think income inequality is bad, well, you ain't seen nothing yet.

As of 2015, the top 1 percent of American households in terms of wealth ownership enjoy 35 percent of the pie all by themselves. The top 10 percent own a staggering 76 percent of all wealth.

Furthermore, from 1963 to 2013, families in the bottom 10 percent of wealth ownership went from having no wealth at all on average to being $2,000 in debt. Over the same time period, the average wealth of the top 10 percent grew four times over. For the top 1 percent, it grew six times over. These shifts are far larger than the changes in the distribution of income over the same time frame.


The question is.....why do we continue economic policies that benefit the wealthy?
They obviously don't need it

Very sad. I strongly believe this is one reason our economy is so slow.

 

[Brain357]

Jeez another worthless traitorous leftist fool that thinks he deserves the earnings of another human being while sitting his lazy ass on his couch all day.

Many poor are working much harder than many of those with all the wealth.

 

[Ray From Cleveland]

Wealth inequality is even worse than income inequality

And if you think income inequality is bad, well, you ain't seen nothing yet.

As of 2015, the top 1 percent of American households in terms of wealth ownership enjoy 35 percent of the pie all by themselves. The top 10 percent own a staggering 76 percent of all wealth.

Furthermore, from 1963 to 2013, families in the bottom 10 percent of wealth ownership went from having no wealth at all on average to being $2,000 in debt. Over the same time period, the average wealth of the top 10 percent grew four times over. For the top 1 percent, it grew six times over. These shifts are far larger than the changes in the distribution of income over the same time frame.


The question is.....why do we continue economic policies that benefit the wealthy?
They obviously don't need it

Very sad. I strongly believe this is one reason our economy is so slow.

Our economy is slow? When did that happen?