World's Richest Now Richer Than Before Great Recession

[grunt11b]

So you think things are headed in the right direction? Under Obama?


This is where you get to look like a hypocrite...and Go!

If Obama had his druthers, he'd find a way to tax the shit out of every person he views as having "too much". Oh wait....He's already said he'd do that.... To everyone who makes over $125k per year....The rich...

Whoops!!!!

You forgot to post his quote....you know....where he said that.

I guess you could also be one more bullshittin' Teabagger.​

You like teabbags don't you? I would rather be called a tea bagger than a socialist/communist/Nazi any day of the week. At least my movement stands for individual liberty and the freedom to be free from morons like you.

 

[RDD_1210]

If Obama had his druthers, he'd find a way to tax the shit out of every person he views as having "too much". Oh wait....He's already said he'd do that.... To everyone who makes over $125k per year....The rich...

Whoops!!!!

You forgot to post his quote....you know....where he said that.

I guess you could also be one more bullshittin' Teabagger.​

You like teabbags don't you? I would rather be called a tea bagger than a socialist/communist/Nazi any day of the week. At least my movement stands for individual liberty and the freedom to be free from morons like you.

So liberals are the equivalent of Nazis now?

 

[grunt11b]

Just more proof that in todays economy it is geared towards making the rich, richer while the middle class shrinks and struggle more and more every day. It's many of the people on this site that fall in to that last group but many of them have been convinced that by increasing the wealth of the wealthy will somehow help them too. It's an amazing thing to watch really. Theres a sucker born every minute is probably an understatement.

It's gotta be the hat.

*

*

The stupid, fuckin' Teabaggers have fallen-for-it, every time, since 1980.

*

And you have fallen for it everytime since 1950.

 

[grunt11b]

Which economy is that?

It doesn't sound like the right prescription for the US economy where 70% of GDP is driven by consumption.

How does that happen without a US middle class that's paid enough to buy what it produces?

You're still on that government madated minimum salary kick?
Look genius, everything is relative. If employers are forced to significantly increase wages ( via government fiat) those businesses would be forced to significantly raise prices to pay the higher wages.

Yeah.....'cause they couldn't do that, AND pay mega-bonu$e$ to upper-management.....especially if they had a.....

....BAD YEAR!!!!

Keep the excuses comin', Sucker.

I think the problem here is, the new boss looks an awful lot like the old one, and now you lefties don't know what to think about it.

 

[grunt11b]

Why do some people automatically look up to the rich and powerful?

They love to be serfs?

Noone looks up to them, we just sometimes appreciate the way they create jobs in this country is all.

 

[grunt11b]

Holy shit? Starting another class envy troll thread?
Quite frankly, we're tired of this bullshit.
The mods should close this idiotic thread.

According to an annual report by Merrill Lynch and Capgemini the wealth of "high net worth individuals" globally reached $42.7 trillion in 2010, two years after the onset of the Great Recession. Between 2009 and 2010 the HNWIs saw their incomes rise nearly 10%.

Does that sound like shared sacrifice to you?
Or are the rich getting richer by inflicting austerity budgets on everyone else?

I'm not seeing a lot of austerity out there from government, are you? I see where Obama pissed away $800 billion in borrowed money while telling us that if we gave him the money, unemployment wouldn't go above 8%. Of course, that big spending program for union members and other Obama acolytes has nothing to do with austerity. Maybe we'll see some sacrifice on the pat of government some time in the future. Maybe we should promote shared sacrifice by demanding that the bottom 47% of income earners begin paying federal taxes. The top 1% in this country pays nearly as much in federal taxes as the bottom 95%. And you want "shared" sacrifice. Uh, huh. Sure.

The bottom 47% don't pay Federal tax or state tax, so they cannot pay taxes, but I would be all for 6 - 10% of their entitlement programs being cut so they can "Share the sacrifice". It would be very interesting if this was put on a ballot from state to state for people to vote on, I wonder if they would care to "Share the sacrifice"?
That's the funny thing about the entitlement class, they only believe in sacrifice when it's someone else money or labor paying for it.

 

[grunt11b]

You mean we're not all in this together?

Not if you're among the "high net worth individuals" (HNWIs) who've not only made back what they lost in the fall of '08, now they are richer than ever and there are more of them - nearly 11 more - than before the recession struck.

"According to the annual world wealth report by Merrill Lynch and Capgemini, the wealth of HNWIs around the world reached $42.7tn (£26.5tn) in 2010, rising nearly 10% in a year and surpassing the peak of $40.7tn reached in 2007, even as austerity budgets were implemented by many governments in the developed world..."

The rich get richer because the poor get austerity budgets.

World's Wealthiest People Now Richer than Before the Credit Crunch | Common Dreams

Stands to reason doesn't it? If you have more you can weather whatever happens better then the poor. Look at Pelosi. Her net worth increased by 65% in the last couple of years.
She figured out how to make that hopey changy thing work for her real well don't you think?

Yeah, it's called robbing the treasury and being part owner of Diamond offshore drilling. Yes, that is right, she is part owner of an offshore drilling company where she has made millions drilling elsewhere.

 

[kiwiman127]

You mean we're not all in this together?

Not if you're among the "high net worth individuals" (HNWIs) who've not only made back what they lost in the fall of '08, now they are richer than ever and there are more of them - nearly 11 more - than before the recession struck.

"According to the annual world wealth report by Merrill Lynch and Capgemini, the wealth of HNWIs around the world reached $42.7tn (£26.5tn) in 2010, rising nearly 10% in a year and surpassing the peak of $40.7tn reached in 2007, even as austerity budgets were implemented by many governments in the developed world..."

The rich get richer because the poor get austerity budgets.

World's Wealthiest People Now Richer than Before the Credit Crunch | Common Dreams

Holy shit? Starting another class envy troll thread?
Quite frankly, we're tired of this bullshit.
The mods should close this idiotic thread.

For over thirty years wages for the working class have remained the same in Real Dollars, who controls wages? This despite growth in corporate profits, lower corporate taxes (and more loopholes), lower taxes on capital gains/dividend taxes, record worker productivity and the overall growth of the US economy. Main Street America has been left out of the economy, that's a fact that economists will not disagree with.
It's not class envy, it's economics and greed that are holding the middle class down and the middle class isn't taking that anymore. The money has stayed at the top. Prove me wrong.

 

[grunt11b]

Stands to reason doesn't it? If you have more you can weather whatever happens better then the poor. Look at Pelosi. Her net worth increased by 65% in the last couple of years.
She figured out how to make that hopey changy thing work for her real well don't you think?

What the Fuck does Pelosi have ANYTHING to do with this? You are just interjecting bullshit because you know you are wrong. Pelosi is just another rich person who is in the House of representatives... just like about... oh.. 80-90% of the other people in there.

So... what does that have to do with the Rich getting richer, while us Middle Class and lower people get the rug pulled out from under us? Why is that fair and how is that in any way... EVERYONE MAKING A SACRIFICE?

Because dear boy. The rich ALLWAYS get richer. They write the tax laws to benefit themselves. They buy the politicians to make the laws that benefit them and you aid and abet them then whine when they do what they have allways done.

Fair? Tell me what in life is fair. Grow up.

How can the rich write tax laws unless they are buying off the politicians? That's where the problem is, we need to vote out the dirty politicians and get people in there that will abide by state laws and the federal constitution. If we don't then it's game over.

 

[grunt11b]

They all ought to be lined up and shot, their assets taken, dispersed across America and start the fuck over, and let the cream rise to the top legitimately. No "special favors", no Washington Lobbyists... just pure competition. But even without the summary executions... our rich are so used to being pandered to... Competition has become a word of simple propaganda to rile the idiots of the tea party up. They don't want competition anymore than the crack whore wants her welfare cut off.

[/QUOTE]

These guys agree with you.

 

[LibocalypseNow]

Good for them. I'm all for anyone getting richer. Sitting around on Message Boards whining all day certainly isn't gonna help anyone get richer though. Maybe that's the secret to to their success. I'm pretty sure they don't spend too much time on Message Boards whining about how so many others are so much more successful than they are. Get off the Message Boards and get out and do something instead. Just something to ponder i guess.

 

[Claudette]

According to an annual report by Merrill Lynch and Capgemini the wealth of "high net worth individuals" globally reached $42.7 trillion in 2010, two years after the onset of the Great Recession. Between 2009 and 2010 the HNWIs saw their incomes rise nearly 10%.

Does that sound like shared sacrifice to you?
Or are the rich getting richer by inflicting austerity budgets on everyone else?

I'm not seeing a lot of austerity out there from government, are you? I see where Obama pissed away $800 billion in borrowed money while telling us that if we gave him the money, unemployment wouldn't go above 8%. Of course, that big spending program for union members and other Obama acolytes has nothing to do with austerity. Maybe we'll see some sacrifice on the pat of government some time in the future. Maybe we should promote shared sacrifice by demanding that the bottom 47% of income earners begin paying federal taxes. The top 1% in this country pays nearly as much in federal taxes as the bottom 95%. And you want "shared" sacrifice. Uh, huh. Sure.

The bottom 47% don't pay Federal tax or state tax, so they cannot pay taxes, but I would be all for 6 - 10% of their entitlement programs being cut so they can "Share the sacrifice". It would be very interesting if this was put on a ballot from state to state for people to vote on, I wonder if they would care to "Share the sacrifice"?
That's the funny thing about the entitlement class, they only believe in sacrifice when it's someone else money or labor paying for it.

Yup and they have no problem standing in line to get anything they can get as long as they don't have to pay for it.

They don't give a rats as where the money comes from as long as it comes.

Might be nice to see 100% of Americans sharing in that sacrifice doncha think??

 

[LibocalypseNow]

Too many Takers and not enough Producers always leads to Third World Misery. That's what California & New York are beginning to find out. They demonized and punished their Producers (Businesses),and now those Producers are leaving in droves. So who's gonna pay for all the Takers now? The Takers will always stay & take more. But when the Producers go,everything crumbles. Massive Welfare requires massive Government revenue. Where are California & New York gonna get all that revenue in the future? It's a question our Federal Government is going to have to answer very soon as well. A 14.5 Trillion Debt isn't gonna just magically disappear.

 

[NYcarbineer]

This is great news. Turning the economy around starts at the top.

Which economy is that?

It doesn't sound like the right prescription for the US economy where 70% of GDP is driven by consumption.

How does that happen without a US middle class that's paid enough to buy what it produces?

You're still on that government madated minimum salary kick?
Look genius, everything is relative. If employers are forced to significantly increase wages ( via government fiat) those businesses would be forced to significantly raise prices to pay the higher wages.
Everybody would be right back where they started. So nothing changes.

So we could get back alot of that manufacturing if we allowed corporations to pay 50 cents an hour? Like they pay many places overseas.

 

[NYcarbineer]

Too many Takers and not enough Producers always leads to Third World Misery. That's what California & New York are beginning to find out. They demonized and punished their Producers (Businesses),and now those Producers are leaving in droves. So who's gonna pay for all the Takers now? The Takers will always stay & take more. But when the Producers go,everything crumbles. Massive Welfare requires massive Government revenue. Where are California & New York gonna get all that revenue in the future? It's a question our Federal Government is going to have to answer very soon as well. A 14.5 Trillion Debt isn't gonna just magically disappear.

New York has a lower unemployment rate and a 30% higher average income than Texas.

Not as many chicken plucking factories though.

 

[LibocalypseNow]

Too many Takers and not enough Producers always leads to Third World Misery. That's what California & New York are beginning to find out. They demonized and punished their Producers (Businesses),and now those Producers are leaving in droves. So who's gonna pay for all the Takers now? The Takers will always stay & take more. But when the Producers go,everything crumbles. Massive Welfare requires massive Government revenue. Where are California & New York gonna get all that revenue in the future? It's a question our Federal Government is going to have to answer very soon as well. A 14.5 Trillion Debt isn't gonna just magically disappear.

New York has a lower unemployment rate and a 30% higher average income than Texas.

Not as many chicken plucking factories though.

New York & California's problems are only just beginning. They're well on their way to permanent Third World Misery. Takers will always Take. And when the Producers leave,there's no one left to pay for all the Taking. I just don't see a very bright future for New York & California.

 

[westwall]

Too many Takers and not enough Producers always leads to Third World Misery. That's what California & New York are beginning to find out. They demonized and punished their Producers (Businesses),and now those Producers are leaving in droves. So who's gonna pay for all the Takers now? The Takers will always stay & take more. But when the Producers go,everything crumbles. Massive Welfare requires massive Government revenue. Where are California & New York gonna get all that revenue in the future? It's a question our Federal Government is going to have to answer very soon as well. A 14.5 Trillion Debt isn't gonna just magically disappear.

New York has a lower unemployment rate and a 30% higher average income than Texas.

Not as many chicken plucking factories though.

Well of course NY is going to have a higher average income Every investment bank and brokerage company in the woprld has a base there....you know the very people who are raping the middle class. Dude you really need to learn something.

 

[georgephillip]

s0n........you posted this in the wrong forum.

This is the POLITICS forum. Politically.......the topic is apolitical in 2011.

And why is every single link you post up from one of the top 5 liberal webistes on the net? Thats gay. Nobody posts up hyper-partisan websites on here because when you do, you look like a hyper-partisan k00k. CommonDreams and Alternet are the most popular far left webistes in the blogging world.

Anyway..........in 2011 and for the next ten years, only the k00ks will be calling for higher taxes on the rich. With the GOP having the HOUSE sewn up for the next ten years, talking about this topic on a POLITICAL forum is akin to marching naked down Main Street shaking a bannana at people.

Skooker...

Are you saying those whose wealth increased by nearly 10% between 2009 and 2010 managed that feat without POLITICS?

Are you disputing this content simply shaking your banana:

"The globe's richest have now recouped the losses they suffered after the 2008 banking crisis.

"They are richer than ever, and there are more of them – nearly 11 million – than before the recession struck."

World's Wealthiest People Now Richer than Before the Credit Crunch | Common Dreams

No, they managed it because their net worth was not tied up in their homes. The home is the single largest investment for most Americans. They all took a huge hit over the last two years. A 50% drop in value is common here in NV.

I would like to know how Pelosi managed her increase though. In general the only way to get that large of an increase over a very short time is to invent something that everyone wants and pays for...or through very saavy investments that all hit at exactly the same time (even rarer then the invention method) or through nefarious means.....whatever they may be.

They managed it by convincing their hired help in DC, Republican AND Democrat alike, to transfer trillions of dollars of private debt into public debt, nearly doubling the richest 2% of Americans share of returns to wealth (rents, interest, dividends and capital gains) in less than a single generation while making sure to keep the debt overhead in place for the other 98% of citizens.

And they're not through taking.

 

[Seawytch]

I find it kind of funny when the RWers call it "class envy" when you are sticking up for the bottom 97%...

 

[Quantum Windbag]

You mean we're not all in this together?

Not if you're among the "high net worth individuals" (HNWIs) who've not only made back what they lost in the fall of '08, now they are richer than ever and there are more of them - nearly 11 more - than before the recession struck.

"According to the annual world wealth report by Merrill Lynch and Capgemini, the wealth of HNWIs around the world reached $42.7tn (£26.5tn) in 2010, rising nearly 10% in a year and surpassing the peak of $40.7tn reached in 2007, even as austerity budgets were implemented by many governments in the developed world..."

The rich get richer because the poor get austerity budgets.

World's Wealthiest People Now Richer than Before the Credit Crunch | Common Dreams

But a new report shows the world's wealthiest people are getting more prosperous – and more numerous – by the day.

Did you notice that the HNWIs have more wealth than existed before the great recession? That there are 11 million HNWIs today, which is about 10% of the US population in 1930. Are you aware that wealth is not a limited resource?