ReallyMeow
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- Jan 16, 2013
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[ame=http://www.youtube.com/watch?v=QPKKQnijnsM]Wealth Inequality in America - YouTube[/ame]
so much for trickle down economics.
so much for trickle down economics.
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Equality of wealth doesn't happen in real life.
Some poeple choose to be poor - pennyless in fact. I have interviewed people who choose to be homeless, on the street and begging to get by. One of these people was an ex-lawyer! He chose to get out of a successful career and become a "bum".
Some people choose to work for someone else - you will never get more than a very moderate wage when you are working for someone else. They are, after all, paying all the expenses for your job to be possible. They are charging their customers a rate that pays the mortgage (or rent), the power, water, gas, tooling, taxes, your wages and benifits and all the record-keeping that goes along with a business and only net about 3 - 5% more than it costs to be in business.
People who are in business for themselves risk everything they have to start a business. If they have planned well, manage it correctly and provide a service or a product that remains in demand survive for more than 3 years. 50% of all new businesses fail in the first year. Only 10% of new businesses are successful.
Under ideal conditions the top 10% will always control 90% of the money.
Why is that? It boils down to money management. You can "have things" or have money. If you are smart and invest your money in the right way you can go from pennyless to millionaire in less than a week - there are those who do just that! Most of us are unwilling to risk that much because sometimes those same people go from millionaires to pennyless in the same amount of time. The difference is they plan for that and just start over.
Not all rich people start with nothing but quite a few do. The difference between them and us is how they use money.
I noticed...But it's easier to do all that than wave a gun in someone's face and rob them in person.Did anyone else notice how the idiot that made this video made some stupid assumptions, misrepresented some facts, and conflated things that are not equivalent?
Equality of wealth doesn't happen in real life.
Some poeple choose to be poor - pennyless in fact. I have interviewed people who choose to be homeless, on the street and begging to get by. One of these people was an ex-lawyer! He chose to get out of a successful career and become a "bum".
Some people choose to work for someone else - you will never get more than a very moderate wage when you are working for someone else. They are, after all, paying all the expenses for your job to be possible. They are charging their customers a rate that pays the mortgage (or rent), the power, water, gas, tooling, taxes, your wages and benifits and all the record-keeping that goes along with a business and only net about 3 - 5% more than it costs to be in business.
People who are in business for themselves risk everything they have to start a business. If they have planned well, manage it correctly and provide a service or a product that remains in demand survive for more than 3 years. 50% of all new businesses fail in the first year. Only 10% of new businesses are successful.
Under ideal conditions the top 10% will always control 90% of the money.
Why is that? It boils down to money management. You can "have things" or have money. If you are smart and invest your money in the right way you can go from pennyless to millionaire in less than a week - there are those who do just that! Most of us are unwilling to risk that much because sometimes those same people go from millionaires to pennyless in the same amount of time. The difference is they plan for that and just start over.
Not all rich people start with nothing but quite a few do. The difference between them and us is how they use money.
sweeeeeet sock puppet!
Relax. Obama won and class war is no longer Democrat dogma.
Did anyone else notice how the idiot that made this video made some stupid assumptions, misrepresented some facts, and conflated things that are not equivalent?
Yes! Higher taxes will make us all equal. LOL!
why don't you have as much money as these evil rich people ??Equality of wealth doesn't happen in real life.
Some poeple choose to be poor - pennyless in fact. I have interviewed people who choose to be homeless, on the street and begging to get by. One of these people was an ex-lawyer! He chose to get out of a successful career and become a "bum".
Some people choose to work for someone else - you will never get more than a very moderate wage when you are working for someone else. They are, after all, paying all the expenses for your job to be possible. They are charging their customers a rate that pays the mortgage (or rent), the power, water, gas, tooling, taxes, your wages and benifits and all the record-keeping that goes along with a business and only net about 3 - 5% more than it costs to be in business.
People who are in business for themselves risk everything they have to start a business. If they have planned well, manage it correctly and provide a service or a product that remains in demand survive for more than 3 years. 50% of all new businesses fail in the first year. Only 10% of new businesses are successful.
Under ideal conditions the top 10% will always control 90% of the money.
Why is that? It boils down to money management. You can "have things" or have money. If you are smart and invest your money in the right way you can go from pennyless to millionaire in less than a week - there are those who do just that! Most of us are unwilling to risk that much because sometimes those same people go from millionaires to pennyless in the same amount of time. The difference is they plan for that and just start over.
Not all rich people start with nothing but quite a few do. The difference between them and us is how they use money.
What a load of B.S.
A vast majority of the "rich" are usurers, plain and simple.
They are greedy, inhumane, and evil.
They treat their fellow man as objects, something to be "better than", and will exploit them at any and every turn.
Charity comes from local pockets, not banksters.
Banks throw people in prisons. Churches put people in homes.
I find the phenomenon of humans exploiting other humans as a way of life to be simply disgusting.
There is a better way people.
The entire premise that wealth should be equal across a nation is worse than silly.
That government should implement means to this end brings the end to any concept of a free society.
The company -chooses- to pay that much to the CEO - who are you, or anyone else, to take away that choice?I don't think the point is complete equality - that would be the socialist solution. I understand and favor the CEO of a company taking home a nice paycheck - if you didn't acquire wealth, why even try? But really.... 380 times the AVERAGE employee's salary? Really? What we see here is the opposite of socialism - corporatism, and it's equally bad for a healthy economy.The entire premise that wealth should be equal across a nation is worse than silly.
That government should implement means to this end brings the end to any concept of a free society.
The company -chooses- to pay that much to the CEO - who are you, or anyone else, to take away that choice?I don't think the point is complete equality - that would be the socialist solution. I understand and favor the CEO of a company taking home a nice paycheck - if you didn't acquire wealth, why even try? But really.... 380 times the AVERAGE employee's salary? Really? What we see here is the opposite of socialism - corporatism, and it's equally bad for a healthy economy.The entire premise that wealth should be equal across a nation is worse than silly.
That government should implement means to this end brings the end to any concept of a free society.
Whatever its based on -- it's a choice they make.Actually, it turns out to be the board of directors who make that choice. And it's usually based on how much of the company's outlays go out in the form of dividends to stock holders - the largest of those are typically BoD members.The company -chooses- to pay that much to the CEO - who are you, or anyone else, to take away that choice?I don't think the point is complete equality - that would be the socialist solution. I understand and favor the CEO of a company taking home a nice paycheck - if you didn't acquire wealth, why even try? But really.... 380 times the AVERAGE employee's salary? Really? What we see here is the opposite of socialism - corporatism, and it's equally bad for a healthy economy.
Ok... and...?I'm not advocating that the choice be removed at all. I'm saying that the concentration of wealth at the top end of the scale is damaging to the economy below the 10% mark.