America's Rampant Inequality

[georgephillip]

"The CIA ranks the country 64th, behind Ivory Coast and Uganda—but Fox's banshees still scream 'class warfare' when Warren Buffet wants to tax the rich

"For years, America’s super-rich and their allies in Congress and the media have tried to deny that a tiny elite was growing astronomically wealthy at the expense of the vast majority of Americans.

"But the vast gaping canyon between the richest 1 percent and Corporate America, on the one hand, and the rest of us on the other, has become so large and well-documented that denial no longer works.

"The ideological combat gets especially intense when it turns to the relatively minimal taxes that corporations and the rich pay."

America

 

[DiamondDave]

commie dreams??

FAIL

 

[georgephillip]

commie dreams??

FAIL

"The CIA ranks the country 64th, behind Ivory Coast and Uganda..."

How about the Atlantic?

"If you happened to be watching NBC on the first Sunday morning in August last summer, you would have seen something curious. There, on the set of Meet the Press, the host, David Gregory, was interviewing a guest who made a forceful case that the U.S. economy had become 'very distorted.'

"In the wake of the recession, this guest explained, high-income individuals, large banks, and major corporations had experienced a 'significant recovery'; the rest of the economy, by contrast—including small businesses and 'a very significant amount of the labor force'—was stuck and still struggling.

"What we were seeing, he argued, was not a single economy at all, but rather 'fundamentally two separate types of economy,' increasingly distinct and divergent."

The Rise of the New Global Elite - Magazine - The Atlantic"

Have you personally noticed any evidence of distortion in the US economy recently?
How about divergence?

 

[Oddball]

Tissue?

 

[martybegan]

commie dreams??

FAIL

"The CIA ranks the country 64th, behind Ivory Coast and Uganda..."

How about the Atlantic?

"If you happened to be watching NBC on the first Sunday morning in August last summer, you would have seen something curious. There, on the set of Meet the Press, the host, David Gregory, was interviewing a guest who made a forceful case that the U.S. economy had become 'very distorted.'

"In the wake of the recession, this guest explained, high-income individuals, large banks, and major corporations had experienced a 'significant recovery'; the rest of the economy, by contrast—including small businesses and 'a very significant amount of the labor force'—was stuck and still struggling.

"What we were seeing, he argued, was not a single economy at all, but rather 'fundamentally two separate types of economy,' increasingly distinct and divergent."

The Rise of the New Global Elite - Magazine - The Atlantic"

Have you personally noticed any evidence of distortion in the US economy recently?
How about divergence?

All this, of course, ignores the fact that the bottom 10% in the US would be in the 99th percentile in places like Uganda and the Ivory coast.

Our poor have Cell phones and can eat fast food every day, you can't say that about even the Ugandan upper middle class.

 

[BoycottTheday]

Warren Buffet is a crony capitalist and should be in jail.

 

[theHawk]

"The CIA ranks the country 64th, behind Ivory Coast and Uganda—but Fox's banshees still scream 'class warfare' when Warren Buffet wants to tax the rich

"For years, America’s super-rich and their allies in Congress and the media have tried to deny that a tiny elite was growing astronomically wealthy at the expense of the vast majority of Americans.

"But the vast gaping canyon between the richest 1 percent and Corporate America, on the one hand, and the rest of us on the other, has become so large and well-documented that denial no longer works.

"The ideological combat gets especially intense when it turns to the relatively minimal taxes that corporations and the rich pay."

America

Please explain how the elite are getting wealthy "at the expense of the vast majority"?

What exactly did this rich people take from us? What did they take from you?

 

[LordBrownTrout]

Travel to Korea, Mexico, Cambodia, Laos, China and then get back to us on inequalities. This country can't even begin to understand what inequality really means.

 

[Gareyt17]

"The CIA ranks the country 64th, behind Ivory Coast and Uganda—but Fox's banshees still scream 'class warfare' when Warren Buffet wants to tax the rich

"For years, America’s super-rich and their allies in Congress and the media have tried to deny that a tiny elite was growing astronomically wealthy at the expense of the vast majority of Americans.

"But the vast gaping canyon between the richest 1 percent and Corporate America, on the one hand, and the rest of us on the other, has become so large and well-documented that denial no longer works.

"The ideological combat gets especially intense when it turns to the relatively minimal taxes that corporations and the rich pay."

America

Ah YES! Lets all move to the "equal" Uganda....whoooooo hooooo....break out the Champagne!!!


OH wait..."equality" in these countries mean most a "equally" POOR! OH well, break out the Champagne anyway......AmeriKa is evil....evil I tell ya!

 

[Wacky Quacky]

"The CIA ranks the country 64th, behind Ivory Coast and Uganda—but Fox's banshees still scream 'class warfare' when Warren Buffet wants to tax the rich

"For years, America’s super-rich and their allies in Congress and the media have tried to deny that a tiny elite was growing astronomically wealthy at the expense of the vast majority of Americans.

"But the vast gaping canyon between the richest 1 percent and Corporate America, on the one hand, and the rest of us on the other, has become so large and well-documented that denial no longer works.

"The ideological combat gets especially intense when it turns to the relatively minimal taxes that corporations and the rich pay."

America

America's rampant inequality is due to American's rampant ignorance, laziness, and an unwillingness to admit that they are responsible for their own current situation in life.

 

[georgephillip]

Tissue?

Tissue 'tis:

"This widening gap between the rich and non-rich has been evident for years.

"In a 2005 report to investors, for instance, three analysts at Citigroup advised that “the World is dividing into two blocs—the Plutonomy and the rest”:

"In a plutonomy there is no such animal as 'the U.S. consumer' or 'the UK consumer', or indeed the 'Russian consumer'. There are rich consumers, few in number, but disproportionate in the gigantic slice of income and consumption they take.

"There are the rest, the 'non-rich', the multitudinous many, but only accounting for surprisingly small bites of the national pie..."

The Rise of the New Global Elite - Magazine - The Atlantic

 

[whitehall]

Geez, is the socialist blog "common dreams" still around? Maybe Soros is funding it. Hey phil, Stalin had your kind of government. Everyone was equal in Russia. Chairman Mao decreed that everyone was equal in China except the elite who were more equal. In the land of the free and the home of the brave anyone can get rich if you have the smarts and the drive or you can float along in a single wide. The choice is yours. Would the radical left have it any other way?

 

[yidnar]

this shit is to stupid to even insult!!.....GOOD BY

 

[Tank]

You liberals should just look at it as economic diversity

 

[georgephillip]

commie dreams??

FAIL

"The CIA ranks the country 64th, behind Ivory Coast and Uganda..."

How about the Atlantic?

"If you happened to be watching NBC on the first Sunday morning in August last summer, you would have seen something curious. There, on the set of Meet the Press, the host, David Gregory, was interviewing a guest who made a forceful case that the U.S. economy had become 'very distorted.'

"In the wake of the recession, this guest explained, high-income individuals, large banks, and major corporations had experienced a 'significant recovery'; the rest of the economy, by contrast—including small businesses and 'a very significant amount of the labor force'—was stuck and still struggling.

"What we were seeing, he argued, was not a single economy at all, but rather 'fundamentally two separate types of economy,' increasingly distinct and divergent."

The Rise of the New Global Elite - Magazine - The Atlantic"

Have you personally noticed any evidence of distortion in the US economy recently?
How about divergence?

All this, of course, ignores the fact that the bottom 10% in the US would be in the 99th percentile in places like Uganda and the Ivory coast.

Our poor have Cell phones and can eat fast food every day, you can't say that about even the Ugandan upper middle class.

Just as you ignore the fact that millions of middle class Americans have seen their wages (and entitlement benefits) flat line since the '70s in order for the richest 1% of Americans to increase their share of annual US income from 8% then to over 20% today.

Our homeless have cell phones and eat fast food (out of dumpsters) every day.
Does that mean the rich in this country deserve a bigger slice of the pie?
Because they obviously think so.

 

[georgephillip]

Warren Buffet is a crony capitalist and should be in jail.

Along with George Soros, both Koch brothers, Bubba, Dubya, Dick and Obama.

FLUSH the DC Toilet in 2012!
vote against ALL incumbents, Republicans AND Democrats alike.
Then crucify the rich on their own golden cross.

 

[georgephillip]

"The CIA ranks the country 64th, behind Ivory Coast and Uganda—but Fox's banshees still scream 'class warfare' when Warren Buffet wants to tax the rich

"For years, America’s super-rich and their allies in Congress and the media have tried to deny that a tiny elite was growing astronomically wealthy at the expense of the vast majority of Americans.

"But the vast gaping canyon between the richest 1 percent and Corporate America, on the one hand, and the rest of us on the other, has become so large and well-documented that denial no longer works.

"The ideological combat gets especially intense when it turns to the relatively minimal taxes that corporations and the rich pay."

America

Please explain how the elite are getting wealthy "at the expense of the vast majority"?

What exactly did this rich people take from us? What did they take from you?

Let me count the ways.

Outsourcing millions of middle class jobs to slave-wage states like RedChina, Inc.
Bribing Republicans AND Democrats to shift the burden of taxation off unearned income.
Bribing the same politicians to engage in (at least) two unnecessary wars...

"What exactly did the rich people take from us?"

Virtually all of the productivity gains the US economy has seen since 1970.
The rich have stolen enough of those collective gains to produce a state where one in seven Americans and 25% of US children now live in poverty. They've stolen enough money so that the current annual average family income for the bottom 90% of Americans is $31,244, while the average income of the top 0.01 is over $27 million.

"What did they take from you"?

My share of productivity gains, for starters.
Since I earned less during my working years, my current SSA benefit is significantly less than it would have been had US workers shared in rising GDP at the same levels they did decades ago.

Many of the rich don't earn their money.
They bribe politicians to steal it.

 

[georgephillip]

Travel to Korea, Mexico, Cambodia, Laos, China and then get back to us on inequalities. This country can't even begin to understand what inequality really means.

"While developed European nations and Canada tend to have Gini indices between 0.24 and 0.36, the United States' and Mexico's Gini indices are both above 0.40, indicating that the United States (according to the US Census Bureau[6][7][8]) and Mexico have greater inequality..."

Gini coefficient - Wikipedia, the free encyclopedia

The one in seven Americans and 25% of US children currently living in poverty are beginning to get a clue about inequality.

Why aren't you?

 

[LordBrownTrout]

Travel to Korea, Mexico, Cambodia, Laos, China and then get back to us on inequalities. This country can't even begin to understand what inequality really means.

"While developed European nations and Canada tend to have Gini indices between 0.24 and 0.36, the United States' and Mexico's Gini indices are both above 0.40, indicating that the United States (according to the US Census Bureau[6][7][8]) and Mexico have greater inequality..."

Gini coefficient - Wikipedia, the free encyclopedia

The one in seven Americans and 25% of US children currently living in poverty are beginning to get a clue about inequality.

Why aren't you?

Because I've traveled to third world holes and have seen real rampant inequalities. I have traveled to 49 states here in the US and have seen nothing compared to the gross atrocities abroad.

 

[dilloduck]

Is this one of those "Life is not fair" threads ?