Why The Rich Are Getting Richer

Discussion in 'Economy' started by Sundial, Oct 31, 2011.

  1. Sundial
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    Sundial Class Warrior

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    [​IMG]

    Link.

    All the income in this country goes either to workers (people who make stuff) or to owners (people who own stuff). When it goes to workers, it's called "salary" or "wages". When it goes to owners it's called "profits" or "interest" or "dividends" or "capital gains".

    What this chart shows is that the part of the nation's income that goes to workers has fallen from about 67% to about 57%.

    Is that sustainable? What happens when more and more income goes to people who don't work, and less and less goes to people who do?
     
    Last edited: Oct 31, 2011
  2. expat_panama
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    expat_panama Silver Member

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    Of course it's sustainable. Left wing loonies have been making up stuff for years, they always have and they always will. Here we have a goofy unsupported 'chart' from --no not an economist, from a lawyer. OK, lawyers know lots of stuff, but it's law they study and work with, not economics for heaven sake!
    --as if owners don't work?

    I feel like writing an op-ed with the line "...income in this country goes either to Democrat union people (people who have to be told what to do) or to honest thinking people (owners)..."

    Naw, that would be slimy, I couldn't possibly stoop so low...
     
  3. Liability
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    Liability Locked Account. Supporting Member

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    Figures lie. Liars figure.

    If the cahrt has any validity at all (a highly debatable premise), the question would still be: so what?

    If making 57% of the non-farm business "income" means that the average standard of living has gone up (despite the relative share going down), then the share dropping is of no real significance.

    The problem is not that the rich might get richer, is it?
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Where have all the farm folk gone?

    [​IMG]
     
  5. Brutus
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    Brutus Senior Member

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    this shows the liberal IQ perfectly. If more and more money goes to people who don't work then it would make great sense not to work.
     
  6. expat_panama
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    expat_panama Silver Member

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    --and explains why so many have quit their jobs to protest rising unemployment by marching with OWS.
     
  7. editec
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    editec Mr. Forgot-it-All

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    What this is showing us are two things

    1. the effect that imports are having on the percentage of the GNP that is workers incomes

    2. The effect that production efficiencies are having on worker incomes.
     
  8. uscitizen
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    uscitizen Senior Member

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    Why The Rich Are Getting Richer


    So they can creat jobs for the rest of us. Of course!
     
  9. editec
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    editec Mr. Forgot-it-All

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    Why do people WITH CAPITAL do better in a CAPITALIST system than people without CAPITAL?


    Why do people with GUNS do better in GUNFIGHTS than people without guns?
     
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  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    When you have a small portion of the population with all the marbles..revolution follows. Almost every time.

    Don't like Communism? Don't support this shit.
     

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