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Originally posted by Taupin Desciple
That e-mail is a joke. Whether it was meant to be serious or planted by someone to cause an uprising........it's a joke. One Million dollars makes you rich? Maybe in Uganda. But certainly not in America.
:
IMF
Income inequality has been on the rise in most countries since the early 1980s, including in advanced, emerging, and transition economies, Milanovic finds. Explanations for this increase include technological progress, government policies on the use of taxes and social transfers to redistribute income, changing social norms, and globalization. Today, the poorest 20 percent of the world’s population receive only 1.27 percent of global income, while the richest 1 percent alone receive 13.08 percent.
nj.com
Shake the numbers any way you want and the answer is the same: Millionaires are getting richer fast, and their tax burden has been cut in half since World War II. The middle class is slowly sinking, despite working longer hours with greater productivity. And the army of the poor is flooded with new recruits, most of them with a long history of working in lousy, low-wage jobs. Okay, you may be thinking that America is a rough place, but more than anywhere on Earth, an ambitious person can break into the top ranks with hard work, right? Wrong, as it turns out. You have a better shot in Canada, or Europe.
wiki
Corresponding to financial resources, the wealthy strategically organize their money so that it will produce profit. Affluent people are more likely to allocate their money to financial assets such as stocks, bonds, and other investments which hold the possibility of capital appreciation. Those who are not wealthy are more likely to have their money in savings accounts and home ownership.[11] This difference comprises the largest reason for the continuation of wealth inequality in America: the rich are accumulating more assets while the middle and working classes are just getting by. Currently, the richest 1% hold about 38% of all privately held wealth in the United States.[2] while the bottom 90% held 73% of all debt.
Originally posted by Signals
reply to post by Maxmars
I agree with your post but we are a Constitutional Republic, not a Democratic Republic....
Originally posted by Taupin Desciple
In this day and age you DO NOT need, or shouldn't even want, public education as your means to help you get ahead in life. The greatest minds this world has known were not taught by the public education system. They were self taught.
Originally posted by soficrow
reply to post by CynicalDrivel
Hmm.
I'm betting the top 10 global corporations have wayyyy more liquid cash than the top 10 nations - and NONE of the responsibilities. Comparatively speaking.