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Record inequality: The top 1 percent controls 38.6 percent of America's wealth

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posted on Nov, 17 2017 @ 10:29 PM
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Wait, so who here thinks this stupid complaint means that because the top 1%own more of the wealth then the poor had it taken from them?

Does anyone here actually think that? Do you think that because the rich got richer then you got poorer?



OR, WAS NEW WEALTH CREATED AND YOU DIDN'T RECEIVE AS MUCH OF IT AS YOU'D LIKE?




posted on Nov, 17 2017 @ 10:30 PM
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a reply to: seasonal

It's been that way for decades.

I can't believe Trump caused all this inequality in just 10 months! How did he do it?



posted on Nov, 17 2017 @ 10:33 PM
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originally posted by: Tempter
Wait, so who here thinks this stupid complaint means that because the top 1%own more of the wealth then the poor had it taken from them?

Does anyone here actually think that? Do you think that because the rich got richer then you got poorer?



OR, WAS NEW WEALTH CREATED AND YOU DIDN'T RECEIVE AS MUCH OF IT AS YOU'D LIKE?


It's both.

billmoyers.com...



posted on Nov, 17 2017 @ 10:35 PM
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a reply to: pavil

nobody has ever argued he caused this inequality. Strawman.

The point is, Trumps style of Tax cuts, favouring heavily on the wealthy side, will continue this trend, just like the Bush Tax cuts before, just like the Reagan tax cuts before that.

Wealthy isn't trickling down. Hasn't done so in decades.



posted on Nov, 17 2017 @ 10:38 PM
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originally posted by: seasonal
a reply to: KJUK78

There is not enough money in the other segments of the taxpaying base.

Pay is lacking and has been lacking since Carter handed the baton to Reagan at the end of the 1970's.


Agreed.

However.....

We cannot on one hand say the 1% own most of the wealth, while they carry the burden of 90% of the populations taxes and complain about it.

If they did not then the poor and the middle/working class if forced to pay their share would be worse off financially.

Raising the minimum wage sounds great in theory, but it would destroy small business.

What needs to happen is the Fed Reserve need to stop flooding the economy with baseless money, when that happens the cost of living would decrease, thus citizens getting more for their buck and not being strangled and stretched to their limits with inflation.



posted on Nov, 17 2017 @ 10:39 PM
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originally posted by: dfnj2015

originally posted by: Metallicus
You people are going about this all wrong. Instead of being whiny bitches you should be trying to join the 1%. Problem solved.


Lol! How silly of me. My attitude is the whole problem. I'm going to go out right now get a loan from the bank to open up a local hardware store to compete with Home Depot. Or maybe local bookstore to compete with Amazon.

The problem with today's America is crime pays so much better than hard work.


People do it everyday. It is called entrepreneurship.



posted on Nov, 17 2017 @ 10:43 PM
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a reply to: KJUK78

Yep the fed needs to be ousted, there main function was/is to stop the recession/depression-boom-bust cycles. I think we can admit they are not functioning properly.

Fractional reserve lending is designed for failure.

Non asset backed money is designed for failure.

Unbridled capitalism is as dangerous as any other "ism".



posted on Nov, 17 2017 @ 10:44 PM
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originally posted by: seasonal
a reply to: KJUK78

There is not enough money in the other segments of the taxpaying base.

Pay is lacking and has been lacking since Carter handed the baton to Reagan at the end of the 1970's.


Which means government is spending too much and needs to make serious cuts...



posted on Nov, 17 2017 @ 10:44 PM
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originally posted by: Southern Guardian
a reply to: pavil

nobody has ever argued he caused this inequality. Strawman.

The point is, Trumps style of Tax cuts, favouring heavily on the wealthy side, will continue this trend, just like the Bush Tax cuts before, just like the Reagan tax cuts before that.

Wealthy isn't trickling down. Hasn't done so in decades.


Which way was inequality going these past years? One could contend the Obama Presidency increased the inequality, so how good were his policies in combatting things? You seem to mention just Republicans. Both Parties have their fingerprints all over these.



posted on Nov, 17 2017 @ 10:46 PM
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originally posted by: seasonal
a reply to: KJUK78

Yep the fed needs to be ousted, there main function was/is to stop the recession/depression-boom-bust cycles. I think we can admit they are not functioning properly.

Fractional reserve lending is designed for failure.

Non asset backed money is designed for failure.

Unbridled capitalism is as dangerous as any other "ism".


Nailed it.



posted on Nov, 17 2017 @ 10:47 PM
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Meh, good luck to them.

I'm wanna get me some of that 1% someday.

Just gotta figure out how, before I die or my wife retires in 5 yrs, whichever comes first.

It'd be nice that people would bitch about me being too rich rather than the usual.

Times a wastin'!




posted on Nov, 17 2017 @ 10:49 PM
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originally posted by: Edumakated

originally posted by: seasonal
a reply to: KJUK78

There is not enough money in the other segments of the taxpaying base.

Pay is lacking and has been lacking since Carter handed the baton to Reagan at the end of the 1970's.


Which means government is spending too much and needs to make serious cuts...


Govt's are expensive, especially ones (one) that spends more in military spending than the next 8 countries combined.

And if stagnant wages would have went up in relation to productivity we would not be having this conversation.



posted on Nov, 17 2017 @ 10:52 PM
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As long as my taxes are cut, I could care less how much taxes the "rich" pay.

It perplexes me why others care what "Sir boddington III" pays in taxes.

It seems the only ones who care are those who are broke themselves and want to spread the wealth, and by spread the wealth meaning socialists who think they are entitled to other peoples money.

People who are hard working tend to care less how much taxes other pay, but concentrate on their own taxes.



posted on Nov, 17 2017 @ 11:00 PM
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a reply to: Tempter

Go into a factory where last year (literally) a person made $16 plus bene to do a job. Now a temp is doing this job for $9 no bene's.

In many many cases the "workers" are being squeezed to continue the never ending search for quarterly profit growth-not just profits. But profit growth.



posted on Nov, 17 2017 @ 11:11 PM
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originally posted by: Teikiatsu

The top 1 percent controls 38.6 percent of America's wealth


Well, there is a reason they are called 'wealthy'... how much *should* they have possession of? 20 percent? 10? What is the threshold to prevent butthurt envy?


I appreciate your attempt to sound intelligent. However, consider the following video. Based on the video, I would choose something more equitable than we have now but no where near the "dreaded socialism".



What would you pick? Do you like the way things are now? Or how much wealth inequality *should* we have that would be ENOUGH for you?


edit on 17-11-2017 by dfnj2015 because: (no reason given)



posted on Nov, 17 2017 @ 11:12 PM
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originally posted by: KJUK78
As long as my taxes are cut, I could care less how much taxes the "rich" pay.

It perplexes me why others care what "Sir boddington III" pays in taxes.

It seems the only ones who care are those who are broke themselves and want to spread the wealth, and by spread the wealth meaning socialists who think they are entitled to other peoples money.

People who are hard working tend to care less how much taxes other pay, but concentrate on their own taxes.


Your taxes may be cut a little but Inflation will eat that up in a month or so.

After xmas $4 gas, groceries will go up a third and health care cost will increase thanks to for profit healthcare.

Energy costs will skyrocket. Elec, heating oil, natural gas, all petroleum products. Trickle down economies have never worked in favor of the working man, only the Corporate Oligarchy.

Enjoy your tax cut....lol



posted on Nov, 17 2017 @ 11:14 PM
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a reply to: dfnj2015

Very good video.

I imagine the mental gymnastics the conservs have to do to ignore it.



posted on Nov, 17 2017 @ 11:16 PM
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originally posted by: KJUK78
As long as my taxes are cut, I could care less how much taxes the "rich" pay.


There's something called the national debt. The more we have the less money is worth. You should care because it doesn't matter what any of us pay in taxes. What DOES matter is the purchasing power of our take home pay. If the government's finances are in the toilet the value of the money becomes worthless.



posted on Nov, 17 2017 @ 11:17 PM
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originally posted by: seasonal
a reply to: dfnj2015

Very good video.

I imagine the mental gymnastics the conservs have to do to ignore it.


Conservatives are like cult members. What you and I say is meaningless because we are not someone in authority they worship.



posted on Nov, 17 2017 @ 11:19 PM
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I don't believe we should be paying ANY taxes IMO.



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