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Thread: The 1% will own more than the 99% by 2016, report says

  1. #171
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by TurtleDude View Post
    what lefties want is more and more middle class voting for more and more government. and this happens when the middle class are prevented from understanding the cost of government handouts. Taxing the rich more while cutting taxes on the middle class, encourages the Middle class to want more and more goodies since they don't pay for it
    Lefties- righties- my oh my. Why is it righties, God fearing Christians for the most part, forget the teachings.
    They say a society is judged by how they look after their weak, poor and ill.
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    Hillary is the only defense I or anyone else needs.
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    Not once have I showed my dick to a woman and she thought it was creepy. In fact, in 100% of the cases, they were pretty excited about it. I don't know who you're showing your **** too.

  2. #172
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by countryboy View Post
    Why does this matter? Why does the left always imply that "the wealth" is some kind of static pie that never grows, just falls more and more into the hands of the eeeeevil rich?

    If socialism is sooooo great, why is this still happening? Decades upon decades of socialism in Europe, and the USA becoming more and more "progressive" all the time? What gives?
    Who brought up socialism - Not me my friend.
    Quote Originally Posted by Fenton View Post
    Hillary is the only defense I or anyone else needs.
    Quote Originally Posted by apdst View Post
    Not once have I showed my dick to a woman and she thought it was creepy. In fact, in 100% of the cases, they were pretty excited about it. I don't know who you're showing your **** too.

  3. #173
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Fearandloathing View Post
    Oxymoron...

    Progressive moron...
    Actually I thought it was a bit redundant,

  4. #174
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by ludin View Post
    not if the pool can change to meet the demand of the economy which is what the federal reserve does.
    Nope. You don't have a clue what zero sum means.

    If the pool has X in it, if one person get's a larger percent of that pool, then someone else HAS to get a smaller percent of that pool. It's a mathematical law.

    Just for example, maybe the pool has 1000 units in it, ten people share from that pool, The boss get's 21% (210 units), and the other nine get 9% each (90 units).

    Now let's say that the next year the pool grows to 2000 units, if the boss decides that he is the reason that the size of the pool grew, and thus he is due a 1000 unit bonus on top of his 210 unit salary, he is then getting 60.5% of the pool, while the remaining 9 people can only average 4.4% of the pool - their percent of the pool shrank, even though the size of the pool increased.

    People look at this, and see that the workers still got paid as much, so they assume that no harm was caused to either the workers or the macroeconomy by the increase in production/profits not being shared equally.

    What they fail to realize is that unless the fruits of the increasing productivity is shared more or less equally between all income classes, demand will not keep pace with productivity. So in the second year, the company produced twice as much, yet the workers can't purchase twice as much, and the boss, who acquired all of the fruits of the increase in production (his income went up over 500%), is highly unlikely to purchase 500% more.

    So in the third year, the company would likely find that they had an excess of supply, and they would fire workers as they don't need as many. Worker income would tend to be depressed even more because we now have excess workers, which of course results in even lower demand. Ultimately, there is only enough demand for one worker (the owner), and he is only producing enough to satisfy is personal need, because there are no customers.
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    ...I'm not interested in debating someone who is trolling for an argument....
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    I see a big problem with the idea that whatever the majority wants is OK.

  5. #175
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by TerryOfromCA View Post
    Yep. You notice they don't say that this disparity has grown worse than ever under Obama. They won't make the connection

    Now, if Bush were in office, they would be all, Bush, Bush , Bush

    But they can't wrap their heads around the truth of what you just said.

    Facts make Liberals' heads explode, like this:


    Fact is this is a global phenomenon, and the American president really has no control over it one way or another.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JasperL View Post
    Delusional.
    As a member of the top 10%, I can see why so many people never make it. The wife and I educated ourselves, sought out jobs that paid well, spent conservatively, and in only 50 years became "rich". We have a bit over $1M in assets, and about $150K in retirement income.
    One of my siblings has about half that, which figures because she ran off 3 husbands and now remains single. The other 3 combined have next to nothing accumulated and just enough income to survive. How is it that in the same family, 2 are well situated, and 3 are very poor?
    Part of the answer is their inability to make good choices in life. You can't spend more than you earn and get ahead. You can't blow your paycheck on beer and smokes and expect to have a savings account. You can't quit school, or decide that 12 years of school is enough. It isn't likely you can visit the "beauty" parlor and nail salon every week and have money to properly raise and educate your children.
    The MAIN problem most of us have with getting "rich" is the person we see in the mirror.
    That describes most of my siblings, and their adult children. Only a few are doing well, the rest are poor and subsidized by our taxes.
    On my wife's side, out of 36, all but one are tax payers, some are already worth over a million, many more will be there in time.
    My parents were poor, I started out poor. My wife's parents were poor, she started out poor.
    The poverty cycle can be broken, if you really want it and are willing to work for it.
    Or you can wait til the government gives it to you. What are the odds of that happening?
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JANFU View Post
    Lefties- righties- my oh my. Why is it righties, God fearing Christians for the most part, forget the teachings.
    They say a society is judged by how they look after their weak, poor and ill.
    I don't buy into myths-be liberation theology or that rich lefties actually want to help the poor



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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JANFU View Post
    Lefties- righties- my oh my. Why is it righties, God fearing Christians for the most part, forget the teachings.
    They say a society is judged by how they look after their weak, poor and ill.
    Most of us have no problem helping the weak, poor, and ill.
    It is the lazy we have problems with. Lazy describes both my brothers and one of my sisters. I don't help them, it is like throwing money into the wind during a tornado....it is gone, gone, gone and nothing to show for it.
    Oracle of Utah
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  9. #179
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by imagep View Post
    0%. The top 1% will always equal 1% of our population, no more, no less.

    Or do you mean at what rate is the wealth of the 1% growing?

    Guess the question to ask is why do you care? How does a growing wealth for the top 1% affect you and your family? Is it your contention that is the fault of the rich that someone else in the lower classes doesn't become rich? Is it your contention that it is the rich's fault for personal choice and execution failures? Do you always judge others by your own beliefs and values?

    How much should a worker make who doesn't show up for work, treats your customer badly, takes drugs, steals from you, and in general is working for you simply for a paycheck?

  10. #180
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JANFU View Post
    What do you think? The middle class is disappearing. At one time increases in productivity equated to wage increases.
    https://fortune.com/2015/01/19/the-1...6-report-says/
    The richest 1% of the population will own more than half of the world’s wealth by next year as inequality continues its relentless rise across the globe, a new report out Monday says.

    The report, by the U.K.-based charity Oxfam, shows that the top 1% have grown their share of global wealth constantly since 2010. After dipping at 44% in the wake of the 2008 financial crisis, it rose to 48% by the end of last year and is poised to top 50% by the end of next year.
    There's a big difference between what people own and what they make in wages and salaries. A person is middle class if he has a decent income and can rent a home regardless of how much he owns. If he thinks to start saving then he will start accumulating wealth, but a lot of people don't do that very well.

    As for the wealthy owning everything, it depends on what they do with it. Most of them are heavily invested in the economy, which benefits the rest of us. It's not like they sit on a pile of gold at home like Scrooge McDuck.

    Scrooge McDuck.JPGNot what the wealthy do.

    To whom does it make the most sense to entrust wealth for investment in the economy? To government bureaucrats? To academic pinheads? Or to the people that made that wealth or created it in the first place, who obviously do know how to invest wealth productively. To liberal teeth gnashing about the accumulation of wealth by the top 1%, I say that money is in the right hands.
    Last edited by LowDown; 01-20-15 at 12:18 PM.

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

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