As the Rich Get Richer, the Poor Get Richer

[rightwinger]

I'm tired of the lefts ranting about income inequality.
Move to Cuba if it troubles you.
Topic is the fact the poor are getting richer

Left /Right need not apply to an Up/Down issue

~S~

Few in the center to right of the political spectrum gets pissed off like the left because the guy next door is doing better off financially than they are. The left devote most of their time envying and coveting other people's financial successes.

We don’t resent their success

We just believe they should contribute more to the society that they benefit so much from

 

[GreenBean]

The gap between our wealthiest and the workers is widening

I know you;re accustomed to getting "Trickled Down On" in the sewers and all that .... but do a little research - WHO are the wealthiest Americans so far as the political spectrum is concerned --- If you are capable of breaking out of your leftarded mindset you might be amazed --- but me fears dat too many years down in dem dear sewer has left you perm, brain damaegd

Do tell

Well it certainly ain't Joe Mama ! Here Are the Billionaires Backing Hillary Clinton

 

[Toddsterpatriot]

I'm tired of the lefts ranting about income inequality.
Move to Cuba if it troubles you.
Topic is the fact the poor are getting richer

Left /Right need not apply to an Up/Down issue

~S~

Few in the center to right of the political spectrum gets pissed off like the left because the guy next door is doing better off financially than they are. The left devote most of their time envying and coveting other people's financial successes.

We don’t resent their success

We just believe they should contribute more to the society that they benefit so much from

Please explain the ways they can "contribute more to the society".
How do we know when they've done enough?
What are your benchmarks?

 

[rightwinger]

The gap between our wealthiest and the workers is widening

I know you;re accustomed to getting "Trickled Down On" in the sewers and all that .... but do a little research - WHO are the wealthiest Americans so far as the political spectrum is concerned --- If you are capable of breaking out of your leftarded mindset you might be amazed --- but me fears dat too many years down in dem dear sewer has left you perm, brain damaegd

Do tell

Well it certainly ain't Joe Mama ! Here Are the Billionaires Backing Hillary Clinton

You have still not made a point

 

[rightwinger]

I'm tired of the lefts ranting about income inequality.
Move to Cuba if it troubles you.
Topic is the fact the poor are getting richer

Left /Right need not apply to an Up/Down issue

~S~

Few in the center to right of the political spectrum gets pissed off like the left because the guy next door is doing better off financially than they are. The left devote most of their time envying and coveting other people's financial successes.

We don’t resent their success

We just believe they should contribute more to the society that they benefit so much from

Please explain the ways they can "contribute more to the society".
How do we know when they've done enough?
What are your benchmarks?

Good question

Let’s look at what society was able to provide when billionaires were paying a top rate of 50-70 percent
We had world class infrastructure, healthcare that didn’t bankrupt workers, low cost higher education, fully funded retirements

Now, we just shrug and say......sorry pal, can’t afford it

 

[Toddsterpatriot]

I'm tired of the lefts ranting about income inequality.
Move to Cuba if it troubles you.
Topic is the fact the poor are getting richer

Left /Right need not apply to an Up/Down issue

~S~

Few in the center to right of the political spectrum gets pissed off like the left because the guy next door is doing better off financially than they are. The left devote most of their time envying and coveting other people's financial successes.

We don’t resent their success

We just believe they should contribute more to the society that they benefit so much from

Please explain the ways they can "contribute more to the society".
How do we know when they've done enough?
What are your benchmarks?

Good question

Let’s look at what society was able to provide when billionaires were paying a top rate of 50-70 percent
We had world class infrastructure, healthcare that didn’t bankrupt workers, low cost higher education, fully funded retirements

Now, we just shrug and say......sorry pal, can’t afford it

healthcare that didn’t bankrupt workers, low cost higher education, fully funded retirements

And as government got more heavily involved in those areas, things got worse........

Now, we just shrug and say......sorry pal, can’t afford it

Despite spending larger and larger amounts on them.

 

[rightwinger]

Left /Right need not apply to an Up/Down issue

~S~

Few in the center to right of the political spectrum gets pissed off like the left because the guy next door is doing better off financially than they are. The left devote most of their time envying and coveting other people's financial successes.

We don’t resent their success

We just believe they should contribute more to the society that they benefit so much from

Please explain the ways they can "contribute more to the society".
How do we know when they've done enough?
What are your benchmarks?

Good question

Let’s look at what society was able to provide when billionaires were paying a top rate of 50-70 percent
We had world class infrastructure, healthcare that didn’t bankrupt workers, low cost higher education, fully funded retirements

Now, we just shrug and say......sorry pal, can’t afford it

healthcare that didn’t bankrupt workers, low cost higher education, fully funded retirements

And as government got more heavily involved in those areas, things got worse........

Now, we just shrug and say......sorry pal, can’t afford it

Despite spending larger and larger amounts on them.

It is not the government causing escalating education and healthcare....it is greed

Wages have not kept place with inflation. Workers substitute debt for lost income

 

[Toddsterpatriot]

Few in the center to right of the political spectrum gets pissed off like the left because the guy next door is doing better off financially than they are. The left devote most of their time envying and coveting other people's financial successes.

We don’t resent their success

We just believe they should contribute more to the society that they benefit so much from

Please explain the ways they can "contribute more to the society".
How do we know when they've done enough?
What are your benchmarks?

Good question

Let’s look at what society was able to provide when billionaires were paying a top rate of 50-70 percent
We had world class infrastructure, healthcare that didn’t bankrupt workers, low cost higher education, fully funded retirements

Now, we just shrug and say......sorry pal, can’t afford it

healthcare that didn’t bankrupt workers, low cost higher education, fully funded retirements

And as government got more heavily involved in those areas, things got worse........

Now, we just shrug and say......sorry pal, can’t afford it

Despite spending larger and larger amounts on them.

It is not the government causing escalating education and healthcare....it is greed

Wages have not kept place with inflation. Workers substitute debt for lost income

It is not the government causing escalating education and healthcare..

Government throwing trillions of tax dollars at education and healthcare didn't cause prices to rise?

Wages have not kept place with inflation.

Wages for whom? Over what period? Link?
What about total compensation?

 

[sparky]

For most workers, real wages have barely budged for decades | Pew ...
www.pewresearch.org/.../for-most-workers-real-wages-have-barely-budged-for-decad...
Oct 9, 2014 - For most U.S. workers, inflation-adjusted wages have been flat or falling for decades, regardless of whether the economy has been adding or subtracting ... That's not much, especially when compared with the pre-Great Recession years of 2006 and 2007, when the average hourly wage often increased by ...

5 facts about the minimum wage | Pew Research Center
www.pewresearch.org/fact-tank/2017/01/04/5-facts-about-the-minimum-wage/
Jan 4, 2017 - 1Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.68 (in 2016 dollars). Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 9.6% of its purchasing power to inflation. Back in 2015, The Economist estimated that, given how rich the U.S. is and ...

Adjusted for inflation, the federal minimum wage is worth less than 50 ...
https://www.cnbc.com/.../adjusted-for-inflation-the-federal-minimum-wage-is-worth-l...
Jul 21, 2016 - The buying power of the federal minimum wage hasn't kept up with inflation, despite periodic increases. ... Opponents argue that mandating higher wages will hurt smaller companies that may not have the sales or support to take on the increase plus the added pressure and costs for other regulations, ...

Wages Have Been Stagnant For 40 Years But It's Not The Fault Of ...
Wages Have Been Stagnant For 40 Years But It’s Not The Fault Of American Workers...
Sep 2, 2015 - Wages Have Been Stagnant For 40 Years But It's Not The Fault Of American Workers ... Things have gotten even worse since 2000: net productivity has grown 21.6 percent since then, yetinflation-adjusted compensation for the median worker ... But economic growth has kept increasing at a healthy rate.

Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
Jan 30, 2018 - Where are wages real-ly growing? Real wage growth is the growth present after accounting for inflation. Chicago has seen the highest real wage growth in recent years, rising at an average of 1.4 percent per year over roughly the past three years since November 2014. Where are realwages not growing?
Why Wages Aren't Growing in America - Harvard Business Review
Why Wages Aren’t Growing in America
Oct 24, 2017 - Since the early 1970s, the hourly inflation-adjusted wages received by the typical workerhave barely risen, growing only 0.2% per year. ... Understanding how and why this stagnation occurred is not just an academic question — it is essential to redesigning public policies so that more Americans share in ...

 

[sparky]

 

[sparky]

and that was just page 1 of google......~S~

 

[Toddsterpatriot]

For most workers, real wages have barely budged for decades | Pew ...
www.pewresearch.org/.../for-most-workers-real-wages-have-barely-budged-for-decad...
Oct 9, 2014 - For most U.S. workers, inflation-adjusted wages have been flat or falling for decades, regardless of whether the economy has been adding or subtracting ... That's not much, especially when compared with the pre-Great Recession years of 2006 and 2007, when the average hourly wage often increased by ...

5 facts about the minimum wage | Pew Research Center
www.pewresearch.org/fact-tank/2017/01/04/5-facts-about-the-minimum-wage/
Jan 4, 2017 - 1Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.68 (in 2016 dollars). Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 9.6% of its purchasing power to inflation. Back in 2015, The Economist estimated that, given how rich the U.S. is and ...

Adjusted for inflation, the federal minimum wage is worth less than 50 ...
https://www.cnbc.com/.../adjusted-for-inflation-the-federal-minimum-wage-is-worth-l...
Jul 21, 2016 - The buying power of the federal minimum wage hasn't kept up with inflation, despite periodic increases. ... Opponents argue that mandating higher wages will hurt smaller companies that may not have the sales or support to take on the increase plus the added pressure and costs for other regulations, ...

Wages Have Been Stagnant For 40 Years But It's Not The Fault Of ...
Wages Have Been Stagnant For 40 Years But It’s Not The Fault Of American Workers...
Sep 2, 2015 - Wages Have Been Stagnant For 40 Years But It's Not The Fault Of American Workers ... Things have gotten even worse since 2000: net productivity has grown 21.6 percent since then, yetinflation-adjusted compensation for the median worker ... But economic growth has kept increasing at a healthy rate.

Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
Jan 30, 2018 - Where are wages real-ly growing? Real wage growth is the growth present after accounting for inflation. Chicago has seen the highest real wage growth in recent years, rising at an average of 1.4 percent per year over roughly the past three years since November 2014. Where are realwages not growing?
Why Wages Aren't Growing in America - Harvard Business Review
Why Wages Aren’t Growing in America
Oct 24, 2017 - Since the early 1970s, the hourly inflation-adjusted wages received by the typical workerhave barely risen, growing only 0.2% per year. ... Understanding how and why this stagnation occurred is not just an academic question — it is essential to redesigning public policies so that more Americans share in ...

Low/no skilled workers don't earn much. True story.

 

[Toddsterpatriot]

and that was just page 1 of google......~S~

Why are you using wages?
Isn't compensation a better measure?

 

[Toddsterpatriot]

For most workers, real wages have barely budged for decades | Pew ...
www.pewresearch.org/.../for-most-workers-real-wages-have-barely-budged-for-decad...
Oct 9, 2014 - For most U.S. workers, inflation-adjusted wages have been flat or falling for decades, regardless of whether the economy has been adding or subtracting ... That's not much, especially when compared with the pre-Great Recession years of 2006 and 2007, when the average hourly wage often increased by ...

5 facts about the minimum wage | Pew Research Center
www.pewresearch.org/fact-tank/2017/01/04/5-facts-about-the-minimum-wage/
Jan 4, 2017 - 1Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.68 (in 2016 dollars). Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 9.6% of its purchasing power to inflation. Back in 2015, The Economist estimated that, given how rich the U.S. is and ...

Adjusted for inflation, the federal minimum wage is worth less than 50 ...
https://www.cnbc.com/.../adjusted-for-inflation-the-federal-minimum-wage-is-worth-l...
Jul 21, 2016 - The buying power of the federal minimum wage hasn't kept up with inflation, despite periodic increases. ... Opponents argue that mandating higher wages will hurt smaller companies that may not have the sales or support to take on the increase plus the added pressure and costs for other regulations, ...

Wages Have Been Stagnant For 40 Years But It's Not The Fault Of ...
Wages Have Been Stagnant For 40 Years But It’s Not The Fault Of American Workers...
Sep 2, 2015 - Wages Have Been Stagnant For 40 Years But It's Not The Fault Of American Workers ... Things have gotten even worse since 2000: net productivity has grown 21.6 percent since then, yetinflation-adjusted compensation for the median worker ... But economic growth has kept increasing at a healthy rate.

Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
Jan 30, 2018 - Where are wages real-ly growing? Real wage growth is the growth present after accounting for inflation. Chicago has seen the highest real wage growth in recent years, rising at an average of 1.4 percent per year over roughly the past three years since November 2014. Where are realwages not growing?
Why Wages Aren't Growing in America - Harvard Business Review
Why Wages Aren’t Growing in America
Oct 24, 2017 - Since the early 1970s, the hourly inflation-adjusted wages received by the typical workerhave barely risen, growing only 0.2% per year. ... Understanding how and why this stagnation occurred is not just an academic question — it is essential to redesigning public policies so that more Americans share in ...

Wages have not kept place with inflation.


Since the early 1970s, the hourly inflation-adjusted wages received by the typical worker have barely risen, growing only 0.2% per year. ...

Thanks for helping disprove the earlier claim.

 

[Weatherman2020]

For most workers, real wages have barely budged for decades | Pew ...
www.pewresearch.org/.../for-most-workers-real-wages-have-barely-budged-for-decad...
Oct 9, 2014 - For most U.S. workers, inflation-adjusted wages have been flat or falling for decades, regardless of whether the economy has been adding or subtracting ... That's not much, especially when compared with the pre-Great Recession years of 2006 and 2007, when the average hourly wage often increased by ...

5 facts about the minimum wage | Pew Research Center
www.pewresearch.org/fact-tank/2017/01/04/5-facts-about-the-minimum-wage/
Jan 4, 2017 - 1Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.68 (in 2016 dollars). Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 9.6% of its purchasing power to inflation. Back in 2015, The Economist estimated that, given how rich the U.S. is and ...

Adjusted for inflation, the federal minimum wage is worth less than 50 ...
https://www.cnbc.com/.../adjusted-for-inflation-the-federal-minimum-wage-is-worth-l...
Jul 21, 2016 - The buying power of the federal minimum wage hasn't kept up with inflation, despite periodic increases. ... Opponents argue that mandating higher wages will hurt smaller companies that may not have the sales or support to take on the increase plus the added pressure and costs for other regulations, ...

Wages Have Been Stagnant For 40 Years But It's Not The Fault Of ...
Wages Have Been Stagnant For 40 Years But It’s Not The Fault Of American Workers...
Sep 2, 2015 - Wages Have Been Stagnant For 40 Years But It's Not The Fault Of American Workers ... Things have gotten even worse since 2000: net productivity has grown 21.6 percent since then, yetinflation-adjusted compensation for the median worker ... But economic growth has kept increasing at a healthy rate.

Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
Are Wages Keeping Up with Inflation? - Glassdoor Economic Research
Jan 30, 2018 - Where are wages real-ly growing? Real wage growth is the growth present after accounting for inflation. Chicago has seen the highest real wage growth in recent years, rising at an average of 1.4 percent per year over roughly the past three years since November 2014. Where are realwages not growing?
Why Wages Aren't Growing in America - Harvard Business Review
Why Wages Aren’t Growing in America
Oct 24, 2017 - Since the early 1970s, the hourly inflation-adjusted wages received by the typical workerhave barely risen, growing only 0.2% per year. ... Understanding how and why this stagnation occurred is not just an academic question — it is essential to redesigning public policies so that more Americans share in ...

In 1950 the average house size was 983 sq ft.
Today it is 2500 sq ft.
The poor are getting richer.
The Righteous Small House: Challenging House Size and the Irresponsible American Dream

 

[Weatherman2020]

Minimum wage is for children.

 

[sparky]

and that was just page 1 of google......~S~

Why are you using wages?
Isn't compensation a better measure?

depends who you ask Todd

Wage growth well short of what was promised from tax reform

and Trump retweted this gem , best Freudian slip yet>>>

Ronna McDaniel‏Verified account @GOPChairwoman
Crumbs are still coming. #MAGA

~S~

 

[sparky]

Minimum wage is for children.

True that it was originally designed for teens

~S~

 

[Toddsterpatriot]

and that was just page 1 of google......~S~

Why are you using wages?
Isn't compensation a better measure?

depends who you ask Todd

Wage growth well short of what was promised from tax reform

and Trump retweted this gem , best Freudian slip yet>>>

Ronna McDaniel‏Verified account @GOPChairwoman
Crumbs are still coming. #MAGA

~S~

It passed less than 4 months ago.
It takes a while to work its way through the economy.

Like the Obamacare savings.
Almost 8 years later and I'm still waiting for my $2500 annual savings.
Haven't seen it once, let alone 8 times now.

You never did say why you aren't using compensation instead of wages......don't know the difference?

 

[anotherlife]

And the price of tea in China? Anything else irrelivent for us?

There might be relevant things for you. For example when Trump goes after China before the US industry has been relocated to the US. China in possession of large parts of the US and EU industry and their know-how means the end of the West´s advance sooner or later. West´s behavior is simply mad.

The poor today are richer than any time in human history.

I know that grieves you, but it's a fact.

No doubt about that but that´s not all that great. A fat belly hardly resists. Look how wealthy we could be. Automated factories could work for us, all is free. Work time two or three hours per day. But that´s nothing for you, evil communism. You prefer to work 10 fucking hours in Uncle Sam´s last steel factory like hundred years ago. Health insurance? Communism! Holiday? Communism! Worker rights? COMMUNISM!


Here’s the list of the countries with the highest wealth inequality, according to the Allianz report.
(100 = One guy owns all the money*)

1. U.S.A. — 80.56
2. Sweden — 79.90
3. U.K. — 75.72
4. Indonesia — 73.61
5. Austria — 73.59
6. Germany — 73.34
7. Colombia — 73.18
8. Chile — 73.17
9. Brazil — 72.86
10. Mexico — 70.00

America Is the Richest, and Most Unequal, Country

*my adding for explanation.

This list is interesting, America 80 - Sweden 79. American is the least communistic country. Sweden is the most communistic country. (In the west.).

So the list shows that the blight of communism has no correlation with wealth inequality.

We can probably add that this is partly because income without assets is not wealth no mater how high that income may be.

True that any political system can become top heavy.

capitalism's cousin corporatism can, if left in libertopian hands, morph into fascism

when so, poverty becomes systemic

America once fought a war against poverty – now it wages a war on the poor

~S~

I think the best current example of systematic morphing into fascism is the United Kingdom. They have sold the country out to Russian oligarch, and implemented a tight nationwide surveillance system. Now they are closing their borders. All in the name of banking fairness and income fairness. And the people are lapping it up big time.