Inequality Is Much Worse Than You Think

[hvactec]

In 2010, the top hedge fund manager earned as much in one HOUR as the average (median) family earned in 47 YEARS.

• The top 25 hedge fund managers in 2010 earned as much as 658,000 entry level teachers.

• In 1970 the top 100 CEOs made $40 for every dollar earned by the average worker. By 2006, the CEOs received $1,723 for every worker dollar.

As the administration and Congress argue over cuts in social programs, inequality in America grows more extreme each day. Even the great financial crash didn't derail this trend. The richest 400 Americans, for example, increased their wealth by 54 percent between 2005 and 2010, while the median middle-class family saw its wealth decline by 35 percent.

None of this is accidental.

It's not the result of mysterious global forces, or technology, or China, or structural problems concerning the skills and education of our workforce. Rather, it is the direct result of policy choices made by Democrats and Republicans alike. Together, they swallowed the Kool-Aid of unregulated market mania, and now we are paying the price.

READ MORE Les Leopold: Inequality Is Much Worse Than You Think

 

[S.J.]

Sounds like class envy to me.

 

[S.J.]

Obama is working on fixing that. Most of these guys don't even work. They take their private jet down to Flordia in the morning, golf all day and are back at home where their private chef cooks them dinner. It ain't right that the man working on the assembly line makes less just so some rich guy can fly around in a private jet. If that is Capitalism, then Capitalism sucks.

Sounds like you're describing Obama. He flies around in Air Force One, taking vacation after vacation, playing golf, while the rest of the country struggles to put gas in their car to look for work.

 

[Meathead]

In 2010, the top hedge fund manager earned as much in one HOUR as the average (median) family earned in 47 YEARS.

• The top 25 hedge fund managers in 2010 earned as much as 658,000 entry level teachers.

• In 1970 the top 100 CEOs made $40 for every dollar earned by the average worker. By 2006, the CEOs received $1,723 for every worker dollar.

As the administration and Congress argue over cuts in social programs, inequality in America grows more extreme each day. Even the great financial crash didn't derail this trend. The richest 400 Americans, for example, increased their wealth by 54 percent between 2005 and 2010, while the median middle-class family saw its wealth decline by 35 percent.

None of this is accidental.

It's not the result of mysterious global forces, or technology, or China, or structural problems concerning the skills and education of our workforce. Rather, it is the direct result of policy choices made by Democrats and Republicans alike. Together, they swallowed the Kool-Aid of unregulated market mania, and now we are paying the price.

READ MORE Les Leopold: Inequality Is Much Worse Than You Think

So what? Equality is a human construct about which nature does not give a rat's ass. The only thing you can do is try to give people a chance early in life. After that, it's up to them.

 

[EdwardBaiamonte]

• The top 25 hedge fund managers in 2010 earned as much as 658,000 entry level teachers.

• In 1970 the top 100 CEOs made $40 for every dollar earned by the average worker. By 2006, the CEOs received $1,723 for every worker dollar.

the great great beauty of capitalism is that if you feel CEO's and hedge managers earn too much you are free to become a CEO or Hedge manager too and compete with them for the money!!

Either that or you can be a liberal and steal their money from them since they have too much!!

 

[PoliticalChic]

In 2010, the top hedge fund manager earned as much in one HOUR as the average (median) family earned in 47 YEARS.

• The top 25 hedge fund managers in 2010 earned as much as 658,000 entry level teachers.

• In 1970 the top 100 CEOs made $40 for every dollar earned by the average worker. By 2006, the CEOs received $1,723 for every worker dollar.

As the administration and Congress argue over cuts in social programs, inequality in America grows more extreme each day. Even the great financial crash didn't derail this trend. The richest 400 Americans, for example, increased their wealth by 54 percent between 2005 and 2010, while the median middle-class family saw its wealth decline by 35 percent.

None of this is accidental.

It's not the result of mysterious global forces, or technology, or China, or structural problems concerning the skills and education of our workforce. Rather, it is the direct result of policy choices made by Democrats and Republicans alike. Together, they swallowed the Kool-Aid of unregulated market mania, and now we are paying the price.

READ MORE Les Leopold: Inequality Is Much Worse Than You Think

The job of a society is to create wealth....not distribute it.

 

[EdwardBaiamonte]

Equality is a human construct about which nature does not give a rat's ass. The only thing you can do is try to give people a chance early in life. After that, it's up to them.

or we can crippple them with liberal programs for generations and then complain they are unequal when we have just crippled them!!