Wealth Inequality is worse than people think!

[Billo_Really]

Where people think the "wealth inequality" is in this country, is far from where it actually is. Wealth inequality is much worse than people think and it is destroying this country. And the problem is not the poor, not the entitlements, not social security or medicare. It is the rich. The fucking rich. The top 1% are raping the resources of this country, for their own insidious gain.

Here's the reality of "wealth inequality".


[ame=http://www.youtube.com/watch?v=QPKKQnijnsM]Wealth Inequality in America - YouTube[/ame]


Here's a few facts and figures:

1% of the nation, owns 40% of the country's wealth.

80% of the nation, owns only 7% of the country's wealth.

The top 10% of the country, take home half of the country's income.​

And the notion that these people earn this cash, is bullshit! There is no way, a CEO works 380 times harder, than the average worker.

 

[jwoodie]

Bill Gates should never have been allowed to create Microsoft. Greedy bastard!

 

[martybegan]

Where people think the "wealth inequality" is in this country, is far from where it actually is. Wealth inequality is much worse than people think and it is destroying this country. And the problem is not the poor, not the entitlements, not social security or medicare. It is the rich. The fucking rich. The top 1% are raping the resources of this country, for their own insidious gain.

Here's the reality of "wealth inequality".


Wealth Inequality in America - YouTube


Here's a few facts and figures:

1% of the nation, owns 40% of the country's wealth.

80% of the nation, owns only 7% of the country's wealth.

The top 10% of the country, take home half of the country's income.​

And the notion that these people earn this cash, is bullshit! There is no way, a CEO works 380 times harder, than the average worker.

Let me translate:

Blah blah blah, i hate people with more money than me, blah blah blah.

 

[Katzndogz]

Bad! It should be WORSE! Poverty is just not painful enough. It has to really hurt before people want to move out of poverty.

 

[jwoodie]

Where people think the "wealth inequality" is in this country, is far from where it actually is. Wealth inequality is much worse than people think and it is destroying this country. And the problem is not the poor, not the entitlements, not social security or medicare. It is the rich. The fucking rich. The top 1% are raping the resources of this country, for their own insidious gain.

Here's the reality of "wealth inequality".


Wealth Inequality in America - YouTube


Here's a few facts and figures:

1% of the nation, owns 40% of the country's wealth.

80% of the nation, owns only 7% of the country's wealth.

The top 10% of the country, take home half of the country's income.​

And the notion that these people earn this cash, is bullshit! There is no way, a CEO works 380 times harder, than the average worker.

Aside from the threat of social unrest, there is nothing wrong with income inequality per se (especially in non-land based economies). However, your observation about CEO compensation (in publicly traded companies) is valid. The theory that Boards of Directors are protecting their corporations' assets is a fiction. The SEC should impose requirements that a majority of stock (holders) must affirmatively approve executive compensation beyond specified levels.

 

[Moonglow]

My Papa always told me your a rich man if you have good health.

 

[HenryBHough]

Yes, comrade, we must all be made truly equal.

That it's equally poor, equally homeless and equally irresponsible matters not. Hey, it's just a cost of doing business.

 

[martybegan]

Where people think the "wealth inequality" is in this country, is far from where it actually is. Wealth inequality is much worse than people think and it is destroying this country. And the problem is not the poor, not the entitlements, not social security or medicare. It is the rich. The fucking rich. The top 1% are raping the resources of this country, for their own insidious gain.

Here's the reality of "wealth inequality".


Wealth Inequality in America - YouTube


Here's a few facts and figures:

1% of the nation, owns 40% of the country's wealth.

80% of the nation, owns only 7% of the country's wealth.

The top 10% of the country, take home half of the country's income.​

And the notion that these people earn this cash, is bullshit! There is no way, a CEO works 380 times harder, than the average worker.

Aside from the threat of social unrest, there is nothing wrong with income inequality per se (especially in non-land based economies). However, your observation about CEO compensation (in publicly traded companies) is valid. The theory that Boards of Directors are protecting their corporations' assets is a fiction. The SEC should impose requirements that a majority of stock (holders) must affirmatively approve executive compensation beyond specified levels.

The other method would be to limit BOD members to being on only one board at a time. The main issue isnt the actual compenstation, its the cronyism that allows it to happen.

 

[expat_panama]

... Poverty is just not painful enough. It has to really hurt before people want to move out ...

--which may be the reason America seems to have so many losers running around. My take is we need to stop punishing success too.

 

[Moonglow]

Do you really think the haves give a shit about the have nots?

 

[KevinWestern]

Where people think the "wealth inequality" is in this country, is far from where it actually is. Wealth inequality is much worse than people think and it is destroying this country. And the problem is not the poor, not the entitlements, not social security or medicare. It is the rich. The fucking rich. The top 1% are raping the resources of this country, for their own insidious gain.

Here's the reality of "wealth inequality".


Wealth Inequality in America - YouTube


Here's a few facts and figures:

1% of the nation, owns 40% of the country's wealth.

80% of the nation, owns only 7% of the country's wealth.

The top 10% of the country, take home half of the country's income.​

And the notion that these people earn this cash, is bullshit! There is no way, a CEO works 380 times harder, than the average worker.

Wealth tends to snowball, and I'm with you in that the level of wealth stratification we're seeing today is concerning. Why concerning? Because (I believe) it's not very efficient (for mankind) when just a handful of people horde a great majority of the world's assets.

However, here's the problem; with all of its faults, Capitalism has delivered a greater quality of life than any other system to date. Sure, the "end game" often results in one guy owning everyone, however the ride getting to that point elevated our nation's poorest to a point where many (if not most) have access to a warm place to sleep, a fridge, a phone, clothes, etc whereas in the 1548 in Europe those poor people would be living in filth-ridden, disease stricken alleys and would die at age 35 after living a miserable existence eating bugs and wading through shit.

You need to ask yourself "what's the alternative?" and then go from there.

In other words, it's not perfect but it's the best we have.




.

 

[Spiderman]

Do you really think the haves give a shit about the have nots?

No one gives a shit about you whether they be rich or poor.

Learn that lesson and start taking care of yourself.

 

[KevinWestern]

Aside from the threat of social unrest, there is nothing wrong with income inequality per se (especially in non-land based economies). However, your observation about CEO compensation (in publicly traded companies) is valid. The theory that Boards of Directors are protecting their corporations' assets is a fiction. The SEC should impose requirements that a majority of stock (holders) must affirmatively approve executive compensation beyond specified levels.

Well, to play devil's advocate there are a lot of rational reasons why CEO compensation has gone up in recent years. One of the main reasons (I believe) is the fact that companies are getting bigger (as they merge) and now span across the globe (vs maybe just the midwest USA in 1950).

More companies = More CEOs overseeing less employees = lower pay per CEO
Less companies = Less CEOs overseeing more employees = higher pay per CEO

I mean, is it a big deal to pay a person $30 million for overseeing a workforce of 800,000 people? I don't think so. And the problem is if you don't pay that amount, the top talent will go elsewhere where they will make that amount.

 

[Billo_Really]

Let me translate:

Blah blah blah, i hate people with more money than me, blah blah blah.

Wrong!

I hate rich mother-fuckers, who use my tax dollars, to get richer.

 

[Billo_Really]

Wealth tends to snowball, and I'm with you in that the level of wealth stratification we're seeing today is concerning. Why concerning? Because (I believe) it's not very efficient (for mankind) when just a handful of people horde a great majority of the world's assets.

However, here's the problem; with all of its faults, Capitalism has delivered a greater quality of life than any other system to date. Sure, the "end game" often results in one guy owning everyone, however the ride getting to that point elevated our nation's poorest to a point where many (if not most) have access to a warm place to sleep, a fridge, a phone, clothes, etc whereas in the 1548 in Europe those poor people would be living in filth-ridden, disease stricken alleys and would die at age 35 after living a miserable existence eating bugs and wading through shit.

You need to ask yourself "what's the alternative?" and then go from there.

In other words, it's not perfect but it's the best we have.




.

Did you see the end of that video, where it shows the poor have nothing?

Their assets, are not even on the map.

 

[Billo_Really]

Do you really think the haves give a shit about the have nots?

I think it's about time they're forced to in the form of the "Financial Transactions Tax".

That'll get their attention.

 

[Billo_Really]

Bad! It should be WORSE! Poverty is just not painful enough. It has to really hurt before people want to move out of poverty.

They can't. Because the fucking rich have sucked all the capital out of the economy.

 

[iamwhatiseem]

Where people think the "wealth inequality" is in this country, is far from where it actually is. Wealth inequality is much worse than people think and it is destroying this country. And the problem is not the poor, not the entitlements, not social security or medicare. It is the rich. The fucking rich. The top 1% are raping the resources of this country, for their own insidious gain.

Here's the reality of "wealth inequality".


Wealth Inequality in America - YouTube


Here's a few facts and figures:

1% of the nation, owns 40% of the country's wealth.

80% of the nation, owns only 7% of the country's wealth.

The top 10% of the country, take home half of the country's income.​

And the notion that these people earn this cash, is bullshit! There is no way, a CEO works 380 times harder, than the average worker.

You do know that wealth concentration has dramatically escalated in the past 3 years?
Hmm...all the while your dream President is in office.
How oh how is this possible.
Simpleton.

 

[Billo_Really]

My Papa always told me your a rich man if you have good health.

Your Papa was right! And wise.

 

[Billo_Really]

The other method would be to limit BOD members to being on only one board at a time. The main issue isnt the actual compenstation, its the cronyism that allows it to happen.

There's some truth to that.