Wealth inequality vs income inequality

[BluesLegend]

someone has more wealth than me Trump where's my government hand outs

 

[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.

Our economy is slow? When did that happen?

You haven't noticed?
US Real GDP Growth Rate by Year

 

[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?

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

So wealth should be determined by what one needs and not by what one wants, determined by your judgement?

And what policies do you speak of that allows the wealthy to accumulate and maintain wealth?

 

[Brain357]

 

[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

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

So wealth should be determined by what one needs and not by what one wants, determined by your judgement?

And what policies do you speak of that allows the wealthy to accumulate and maintain wealth?

All the crony capitalism sure helps.

 

[BluesLegend]

Rightwingers cry baby threads are becoming boring.

 

[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?

You haven't noticed?
US Real GDP Growth Rate by Year

So you think the only economic factor to determine the economy is GDP? What happened to this great economy Obama created that leftists spoke so much about?

 

[BluesLegend]

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

So wealth should be determined by what one needs and not by what one wants, determined by your judgement?

And what policies do you speak of that allows the wealthy to accumulate and maintain wealth?

All the crony capitalism sure helps.

Define "crony capitalism" or did you just hear that buzz phrase on MSNBC?

 

[BluesLegend]

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?

You haven't noticed?
US Real GDP Growth Rate by Year

So you think the only economic factor to determine the economy is GDP? What happened to this great economy Obama created that leftists spoke so much about?

It magically ended Jan, 20th 2017 when Trump was sworn in as president.

 

[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.

Our economy is slow? When did that happen?

You haven't noticed?
US Real GDP Growth Rate by Year

So you think the only economic factor to determine the economy is GDP? What happened to this great economy Obama created that leftists spoke so much about?

He created a slow recovery. Much better than the recession Bush started. But it is still slow.

 

[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.

Our economy is slow? When did that happen?

You haven't noticed?
US Real GDP Growth Rate by Year

So you think the only economic factor to determine the economy is GDP? What happened to this great economy Obama created that leftists spoke so much about?

It magically ended Jan, 20th 2017 when Trump was sworn in as president.

Nope it has remained about the same. Slowly improving. So far republicans have done nothing to pass any economic legislation.

 

[BluesLegend]

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

Our economy is slow? When did that happen?

You haven't noticed?
US Real GDP Growth Rate by Year

So you think the only economic factor to determine the economy is GDP? What happened to this great economy Obama created that leftists spoke so much about?

It magically ended Jan, 20th 2017 when Trump was sworn in as president.

Nope it has remained about the same. Slowly improving. So far republicans have done nothing to pass any economic legislation.

Then you have nothing to bitch and whine about.

 

[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

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

So wealth should be determined by what one needs and not by what one wants, determined by your judgement?

And what policies do you speak of that allows the wealthy to accumulate and maintain wealth?

All the crony capitalism sure helps.

Define "crony capitalism" or did you just hear that buzz phrase on MSNBC?

It's when certain businesses get help from the government. Look at the all the tax expenditures. Ron Paul has been talking about crony capitalism for years.

 

[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

So wealth should be determined by what one needs and not by what one wants, determined by your judgement?

And what policies do you speak of that allows the wealthy to accumulate and maintain wealth?

Pretty much so

Why continue policies that do not deliver what they promised? In embracing supply side we were promised a rising economic tide, prosperity, more jobs and higher wages

Instead... the wealthy just kept the additional revenue

 

[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.

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

Rs are not different than Ds. They both are interested in enriching and empowering themselves. I assume you agree. No? Yes?

 

[Ray From Cleveland]

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

Our economy is slow? When did that happen?

You haven't noticed?
US Real GDP Growth Rate by Year

So you think the only economic factor to determine the economy is GDP? What happened to this great economy Obama created that leftists spoke so much about?

It magically ended Jan, 20th 2017 when Trump was sworn in as president.

Nope it has remained about the same. Slowly improving. So far republicans have done nothing to pass any economic legislation.

Would you like a link to the job killing regulations Trump removed for businesses?

 

[BluesLegend]

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

So wealth should be determined by what one needs and not by what one wants, determined by your judgement?

And what policies do you speak of that allows the wealthy to accumulate and maintain wealth?

All the crony capitalism sure helps.

Define "crony capitalism" or did you just hear that buzz phrase on MSNBC?

It's when certain businesses get help from the government. Look at the all the tax expenditures. Ron Paul has been talking about crony capitalism for years.

Businesses get to keep money they earned OMG /sarcasm

 

[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?

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

So wealth should be determined by what one needs and not by what one wants, determined by your judgement?

And what policies do you speak of that allows the wealthy to accumulate and maintain wealth?

Pretty much so

Why continue policies that do not deliver what they promised? In embracing supply side we were promised a rising economic tide, prosperity, more jobs and higher wages

Instead... the wealthy just kept the additional revenue

I disagree, but it still begs the question: what do you want to do about it?

 

[Brain357]

Our economy is slow? When did that happen?

You haven't noticed?
US Real GDP Growth Rate by Year

So you think the only economic factor to determine the economy is GDP? What happened to this great economy Obama created that leftists spoke so much about?

It magically ended Jan, 20th 2017 when Trump was sworn in as president.

Nope it has remained about the same. Slowly improving. So far republicans have done nothing to pass any economic legislation.

Then you have nothing to bitch and whine about.

It's funny how repubs said the economy was bad till trump was elected...

 

[BluesLegend]

You haven't noticed?
US Real GDP Growth Rate by Year

So you think the only economic factor to determine the economy is GDP? What happened to this great economy Obama created that leftists spoke so much about?

It magically ended Jan, 20th 2017 when Trump was sworn in as president.

Nope it has remained about the same. Slowly improving. So far republicans have done nothing to pass any economic legislation.

Then you have nothing to bitch and whine about.

It's funny how repubs said the economy was bad till trump was elected...

You lie and make shit up, not funny.