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"Ap survey: Us income gap is holding back economy"
I'm not sure a survey is the way to measure this sort of thing but a better argument can be made for the bad economy contributing to the U.S. income gap. Economics works on a supply and demand basis. When businesses have to compete for employees, personal incomes rise. When they are flooded with applicants, personal incomes fall.
So you are saying the University of Santa Cruz is lying or were the numbers off by 10? Fact is we had a population of around 110 million in 1920 and have a population around 310 million or so in 2010. The wealth distribution charge is almost the same with the top 1% having about 36% of the wealth in both times. Except that top 1% is nearly 2 million more families today - then in 1920.
"What difference" "does it make?"
The reason why capitalism isn't working is because we have blatant socialists running our government and they're doing their absolute best to destroy "capitalism" and that creates crony capitalism.
The best part is that these progressives you, other socialists and progressives in general adore are some of the most rich - elitist - assclowns on the planet... They spend everyone elses money just because they're so mentally defected they need to feel needed and could care less if they destroy the economy in the process just as long as they can continue to be aristocrats.
These clowns have their loafers on your head while you lick them clean all for a few bucks of free money that was stolen and redistributed to you... Of course you're absolutely content with that.
That's not even an economic model printing money, pumping unions and creating a false demand for products such as "green cars" and "green energy"... That's called neglecting basic principals of capitalism and using taxpayer dollars to pander to your special interest groups that got you elected in the first place - unions are on the government dole to boot and they are juicing the community reinvestment act. They just tore a road up they built (it took 3-years to boot) down the street from me. They laid concrete and now are ripping it up - the best part was there was nothing wrong with the road to begin with. Meanwhile businesses along that stretch of construction are suffering because the traffic is so horrible, why? because unions needed something to do and unions were Obama's voting base.
Last edited by Mr.Nick; 12-18-13 at 11:02 AM.
Are people even looking at the right bucket of incomes when we talk about income inequality. See article below:
Forget the top 1% — Look at the top 0.1% | The Big Picture
Because both the CBO and the Census Bureau says that wages increased. And your only counterpoint thus far is that in real terms minimum wage is not currently at its' peak. So you better have one helluva tie over that the CBO and Census Bureau both missed.
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump
We don't have anything that resembles true free market ideas...
Our government has their hands in just about everything - hell, look at "quantitative easing" er in short - printing money.
Our economy sucks because half of our economy is basically backdoor socialism (printing money to redistribute) and the other half is free market that our government still plays a strong role in through regulation and taxation..
It's only this way because progressives cant grasp the concept of supply and demand, that or they will believe because a commune can survive under a socialist model or even a small country that a nation of 300 million can when both Russia/USSR and China proved otherwise... Also, we have to remember that the United States "capitalism" at least before progressives really pushed their mixed economy idea - funded many small socialist nations due to our purchasing/buying power as consumers and investors.
A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.