the widening gap

[Truthmatters]

OECD Report Finds Rising Income Inequality With U.S. Among Worst | AHN | October 22, 2008

between the haves and the have nots.

Only two of 30 nations, Mexico and Turkey, are ahead of the United States for income inequality and poverty rates, or the gap between rich and poor, according to a report released Tuesday.

The report was released by Paris-based Organization for Economic Cooperation and Development of its 30 member-nations, most of which are developed countries.

In America, the average income of the richest 10 percent of people is $93,000. When compared to purchasing power parity, it is the highest in the OECD when compared with the average of $54,000 for OECD nations.

The poorest 10 percent of Americans have an income of $5,800 per year, compared to the OECD average of $7,000.

In addition, the richest 10 percent hold 71 percent of American's net worth and 28 percent of total income, leaving 90 percent of the population to split the remaining 72 percent of the nation's income.

 

[user_name_guest]

OECD Report Finds Rising Income Inequality With U.S. Among Worst | AHN | October 22, 2008

between the haves and the have nots.

Those social programs in the 1960s really did their job. Social welfare reform impede on the have-nots by further restricting their economic growth as a result of dependency. Government invisible hand to these core of people (e.g. 24% of African-Americans in poverty) have led to the widening gap. As the ones who know how to benefit from this system, they further their gap from those comfortable with being "have nots". Imagine if the government kept the gold standard for our currency, our money will be worth something. Instead, they're paper and dependent on the supply and valuation.

 

[dilloduck]

OECD Report Finds Rising Income Inequality With U.S. Among Worst | AHN | October 22, 2008

between the haves and the have nots.

I'll put our "have nots" up against any other countries "have nots".
Our "have nots" kick ass !

 

[user_name_guest]

I'll put our "have nots" up against any other countries "have nots".
Our "have nots" kick ass !

shh, don't say that. That would make the "have nots" feel better. They aren't suppose to feel that way. Especially election year. Meanwhile the have nots in 99% of the other countries have it better than us. Election year!

 

[WillowTree]

OECD Report Finds Rising Income Inequality With U.S. Among Worst | AHN | October 22, 2008

between the haves and the have nots.

Well, the Saudis have oil and we have not. See Pelosi, The ****.

 

[dilloduck]

shh, don't say that. That would make the "have nots" feel better. They aren't suppose to feel that way.

good point---We don't want anyone to know how well off our "have nots" are.

 

[user_name_guest]

Well, the Saudis have oil and we have not. See Pelosi, The ****.

Saudis also have "have nots". More percentage of their population than ours. But according to OP, they probably are all "haves".

Maybe if the "have nots" stop buying soo much things, especially on credit, the gap wouldn't have lengthened. But everyone wants a new car, new HDTV, be part of the country club.

 

[Truthmatters]

10 percent hold 71 percent of American's net worth

 

[WillowTree]

10 percent hold 71 percent of American's net worth

so yer gonna elect someone to rob em? solves all yer problems. then we live in utopia,,, ggggggoooooodddddd thinking. gimmme gimmme gimmme

 

[user_name_guest]

10 percent hold 71 percent of American's net worth

You want that wealth. Earn it through your own hard work (through the hard work of others, and on it goes). Money don't grow on trees. They either earned it (which most of them do), inherited it (which is the result of their ancestors successes), or stole it (see: Wall Street Bailout), or won it ("lotto"). We work, we spend money, they earn, they spend, they do more whether it is earning wealth, paying taxes, spending money, investing either in the business sector or charitable organizations. We do the same thing. Just not as much.

Giving it to people who don't have to work at all, won't decrease the level of "have nots", but increase it. Imagine if the rich didn't pay any taxes and just earn money, the have nots would actually be in a worse position. What pays this government, top ten percent = 71% of gov't revenue) is what keeps people in the bottom to sustain a mediocre lifestyle. Thanks to the gov't.

 

[Truthmatters]

Are you aware of what happens to a democracy when to few have most of the wealth?

 

[Mr. President]

OECD Report Finds Rising Income Inequality With U.S. Among Worst | AHN | October 22, 2008

between the haves and the have nots.

Only two of 30 nations, Mexico and Turkey, are ahead of the United States for income inequality and poverty rates, or the gap between rich and poor, according to a report released Tuesday.

The report was released by Paris-based Organization for Economic Cooperation and Development of its 30 member-nations, most of which are developed countries.

In America, the average income of the richest 10 percent of people is $93,000. When compared to purchasing power parity, it is the highest in the OECD when compared with the average of $54,000 for OECD nations.

The poorest 10 percent of Americans have an income of $5,800 per year, compared to the OECD average of $7,000.

In addition, the richest 10 percent hold 71 percent of American's net worth and 28 percent of total income, leaving 90 percent of the population to split the remaining 72 percent of the nation's income.

and the word of the day is "SO"

 

[Truthmatters]

Some like the idea of the US looking like a third world country I guess.

 

[dilloduck]

Are you aware of what happens to a democracy when to few have most of the wealth?

Nothing HAS to happen. Quit being such a damn fear mongerer.

 

[doeton]

Nothing HAS to happen. Quit being such a damn fear mongerer.

yeah go back to your no health care, no education, long hour job and remember as a have not here in AMERICA you've got it better than ah...Turkey and ah Mexico.

never mind the rest of the developed world.

 

[dilloduck]

yeah go back to your no health care, no education, long hour job and remember as a have not here in AMERICA you've got it better than ah...Turkey and ah Mexico.

never mind the rest of the developed world.

no way---I've seen Mexican "have nots"---ours are way better !!

 

[doeton]

no way---I've seen Mexican "have nots"---ours are way better !!

ah, did you forget to take your smart pill?

that's what the doeton said

"as a have not here in AMERICA you've got it better than ah...Turkey and ah Mexico."

UM.

crap man if you are excited about the u.s. poo bein better off than those in turkey n mexico.

you must hate america.

 

[dilloduck]

ah, did you forget to take your smart pill?

that's what the doeton said

"as a have not here in AMERICA you've got it better than ah...Turkey and ah Mexico."

UM.

crap man if you are excited about the u.s. poo bein better off than those in turkey n mexico.

you must hate america.

Those are just the ones I've SEEN doeboy. Bring out your best foreign poor and let's see what ya got.

 

[del]

Are you aware of what happens to a democracy when to few have most of the wealth?

um, their language and critical thinking skills erode?

 

[Mr. President]

It isn't lack of opportunity that keeps our poor its lack of initiative, work ethic, drive, you know the things the rich people had before the millions.