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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 @ 11:21 PM
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originally posted by: dfnj2015

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?



Simple question, what right do you have to someone else's wealth?

If your neighbor just decided to show up to your house and take your sh*t because he felt it would be more "equitable" I am sure you'd be a little upset.




posted on Nov, 17 2017 @ 11:22 PM
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originally posted by: dfnj2015

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.


Yes I'm well aware of the national debt and deficit.

Obama added 10 trillion, and couldn't reach 3% GDP in 8 years.

At least with Trump in there we are already seeing it come down.



posted on Nov, 17 2017 @ 11:23 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.


Here's another problem with your way of thinking. Say all your federal taxes were cut to zero. And we have no federal government. A veritable conservative pipe dream. Happy days right! WRONG. The government is the only force strong enough to fight the international corporations policing free markets. Without government, we would have nothing but cartels and monopolies. So if all your taxes were cut to zero, the corporations would use their data analytics to make sure ALL your disposable income is disposed to them. Do you really think the corporations would take care of you once the federal government has been stripped away?

The problems with our country are not rocket science. The lobbyists force the politicians to pass laws creating cartels and monopolies in exchange for campaign financing. The CEOs and the billionaire cabal control the lobbyists. And the lobbyists control the politicians. CORPORATIONS ARE THE GOVERNMENT.

It doesn't matter what we pay in taxes. ALL that matters is the purchasing power of our take home pay.



posted on Nov, 17 2017 @ 11:25 PM
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a reply to: pavil


Which way was inequality going these past years? One could contend the Obama Presidency increased the inequality,


You can contend what you want. The facts stand.

As for Obama, the Bush Tax cuts were extended under him. He did little to oppose it.

My point stands.


You seem to mention just Republicans.


Well because these tax cuts came from Republican presidents.

Reagan tax cuts, from Reagan. Bush Tax cuts, from Bush (it's in the name). We have these tax cuts favouring the topside again under Trump. Pushed through by GOP majority congresses. What more is there to say? The truth doesn't sit a fence to appease both sides. That's not how it works.



posted on Nov, 17 2017 @ 11:27 PM
link   

originally posted by: dfnj2015

originally posted by: KJUK78
As long as my taxes are cut, I could care less how much taxes the "rich" pay.


Here's another problem with your way of thinking. Say all your federal taxes were cut to zero. And we have no federal government. A veritable conservative pipe dream. Happy days right! WRONG. The government is the only force strong enough to fight the international corporations policing free markets. Without government, we would have nothing but cartels and monopolies. So if all your taxes were cut to zero, the corporations would use their data analytics to make sure ALL your disposable income is disposed to them. Do you really think the corporations would take care of you once the federal government has been stripped away?

The problems with our country are not rocket science. The lobbyists force the politicians to pass laws creating cartels and monopolies in exchange for campaign financing. The CEOs and the billionaire cabal control the lobbyists. And the lobbyists control the politicians. CORPORATIONS ARE THE GOVERNMENT.

It doesn't matter what we pay in taxes. ALL that matters is the purchasing power of our take home pay.


I'm not an anarchist.

I believe in small government, I don't worship at the feet of the nanny state.



posted on Nov, 17 2017 @ 11:28 PM
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originally posted by: KJUK78

originally posted by: dfnj2015

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.


Yes I'm well aware of the national debt and deficit.

Obama added 10 trillion, and couldn't reach 3% GDP in 8 years.

At least with Trump in there we are already seeing it come down.


The debt, deficit, and percentage of GDP are meaningless without the other half of the equation. There has only been one 4-year period in the last 60 years where the number of slices of bread a dollar could purchased increase at the end of a presidential term.



posted on Nov, 17 2017 @ 11:31 PM
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a reply to: Southern Guardian

Tax cuts alone will not solve income equality in this country or get our economy growing above a snail's pace. Otherwise, 2008 would not have occurred and the black guy would never have been president.



posted on Nov, 17 2017 @ 11:31 PM
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originally posted by: Dudemo5

originally posted by: JinMI
a reply to: dfnj2015

Yep. So, what ya gonna do about it?

Waiting for things to change in your favor won't have the desired effect I'm afraid.


Well, we could start by making sure our elected officials stop bending over backwards to please the wealthiest Americans... A good start would be nuking Trump's tax crapextravaganza.


If you think your wealth, capability and free thought are hinged on a political figure, you've already failed. The gov't has many ways to put up roadblocks, but it's not as dynamic as your mind and ability to come up with ways at achieving those gains.



posted on Nov, 17 2017 @ 11:37 PM
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originally posted by: carewemust

Me thinks they prefer to complain instead of learning how to play the USA game.


What game is that?
Moving out of the US, renouncing your citizenship them returning as an illegal alien with refugee status?



posted on Nov, 17 2017 @ 11:53 PM
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originally posted by: Edumakated

originally posted by: dfnj2015

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?



Simple question, what right do you have to someone else's wealth?

If your neighbor just decided to show up to your house and take your sh*t because he felt it would be more "equitable" I am sure you'd be a little upset.



The power of government gives me the right.

What right do the CEOs have to cheat everyone out of descent wages by gouging consumers with unfair pricing. It's a two way equation yet people like you only defend one side. If the CEOs don't like the laws here they can sell in other countries. Meanwhile, the government can make sure people here have a descent standard of living and quality of life. Why have pollution laws by your logic. Why have child labor laws by your logic. Just because you don't have a shred of human decency or compassion for your fellow man doesn't mean the masses have to live in a crap hole.



posted on Nov, 18 2017 @ 12:25 AM
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originally posted by: Edumakated

originally posted by: dfnj2015

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?



Simple question, what right do you have to someone else's wealth?

If your neighbor just decided to show up to your house and take your sh*t because he felt it would be more "equitable" I am sure you'd be a little upset.







There is a simple answer, we live in a society, for the society to be successful allowing individuals to horde masses of wealth to the detriment of the rest of society is a fail.

There is really no difference to yelling bomb on a plane or in a movie theatre, if it is detrimental to society functioning....



posted on Nov, 18 2017 @ 12:44 AM
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originally posted by: JinMI

originally posted by: Dudemo5

originally posted by: JinMI
a reply to: dfnj2015

Yep. So, what ya gonna do about it?

Waiting for things to change in your favor won't have the desired effect I'm afraid.


Well, we could start by making sure our elected officials stop bending over backwards to please the wealthiest Americans... A good start would be nuking Trump's tax crapextravaganza.


If you think your wealth, capability and free thought are hinged on a political figure, you've already failed. The gov't has many ways to put up roadblocks, but it's not as dynamic as your mind and ability to come up with ways at achieving those gains.


If you don't think that a nation's market laws and monetary policy have a direct, tangible effect on the distribution of wealth in a country, you've already failed.

Awwwwwwwww yeah, son.



posted on Nov, 18 2017 @ 12:47 AM
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originally posted by: KJUK78
I don't believe we should be paying ANY taxes IMO.


I'm sure you could find a few places on the globe where taxes do not exist. After examining those places, I highly doubt you'd want to live there.



posted on Nov, 18 2017 @ 12:57 AM
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originally posted by: Dudemo5

originally posted by: KJUK78
I don't believe we should be paying ANY taxes IMO.


I'm sure you could find a few places on the globe where taxes do not exist. After examining those places, I highly doubt you'd want to live there.





This examination, what was involved?



posted on Nov, 18 2017 @ 12:57 AM
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a reply to: Dudemo5

An effect, yes. Not a guided direction nor is it a wall. It's not up to the government to hand hold and distribute wealth to you. Now that doesn't also mean that I don't think that there isn't some serious inequality issues in this country and some very crooked politicians and lobbyists.

So thanks for proving my point.




Awwwwwwwww yeah, son.


Indeed.



posted on Nov, 18 2017 @ 01:58 AM
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Well if the lower classes lose the purchasing power to buy these bastards' products won't this problem eventually sort its self out?

Or better yet, stop buying s#@! you don't need now.

What's funny is that the people I know that never stop going on about the 1% problem are the very same that buy new TVs and cell phones and cars just because a newer, fancier model came out even though their old stuff still works just fine. I guess that could just be an anomaly within my little circle, but I doubt it. Methinks there is a deeper psychosis at work here.

You know, the old failed psychopath railing against the successful psychopath thing again. Seems to be awfully prevalent in many facets of modern society.



posted on Nov, 18 2017 @ 02:01 AM
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a reply to: sooth

Thus the credit bubble and student load monsterous debt.



posted on Nov, 18 2017 @ 02:02 AM
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originally posted by: JinMI
a reply to: Dudemo5

An effect, yes. Not a guided direction nor is it a wall. It's not up to the government to hand hold and distribute wealth to you. Now that doesn't also mean that I don't think that there isn't some serious inequality issues in this country and some very crooked politicians and lobbyists.

So thanks for proving my point.




Awwwwwwwww yeah, son.


Indeed.


Dude, you're arguing with yourself. You've literally attributed an argument to me that I never made (or at least implied I believed something I never intimated I did), and I responded back with what I DID believe (more or less ignoring the crap you had typed), and you think I've proven your point.

You're F'ing delusional.

And yet you argued with me when I suggested the ATS motto should be "Embrace Illiteracy."

Brush up on your reading skills, hoss.
edit on 18-11-2017 by Dudemo5 because: (no reason given)



posted on Nov, 18 2017 @ 02:04 AM
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originally posted by: hopenotfeariswhatweneed

originally posted by: Dudemo5

originally posted by: KJUK78
I don't believe we should be paying ANY taxes IMO.


I'm sure you could find a few places on the globe where taxes do not exist. After examining those places, I highly doubt you'd want to live there.





This examination, what was involved?


bio probe?



posted on Nov, 18 2017 @ 02:32 AM
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originally posted by: Dudemo5

originally posted by: hopenotfeariswhatweneed

originally posted by: Dudemo5

originally posted by: KJUK78
I don't believe we should be paying ANY taxes IMO.


I'm sure you could find a few places on the globe where taxes do not exist. After examining those places, I highly doubt you'd want to live there.





This examination, what was involved?


bio probe?





Right so your just making # up now... Good to know.



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