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

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

    Quote Originally Posted by Ikari View Post
    The destruction of free market capitalism, the decay of proper economic mobility, corporate subsidy and law that promotes coproration over smaller business' bought and paid for. It's a purposeful march to ensure the rich stay rich. And that 1% ain't even safe. Eventually we're really going to be looking at the 0.1%, and even many of those in that 1% will find themselves down in the slums with the rest of the serfs.

    This is the movement to reinstate a true aristocracy. Corporate America is but one necessity in that quest.
    What does that mean?

    "proper income mobility"? Who decides what is "proper" and how the **** is income mobile?

    Please at least pass through a modern economics test before replying...

    and, oh, please document this "destruction of the free market system", who caused it, when it happened and so forth.

    The last time I looked the free market was working just fine. Your oil prices have never been lower because of the "free market" concept of competitive pricing.....so how exactly is the free market no longer in existence...

    and who the **** controls it now?
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Gimmesometruth View Post
    Wow, a discussion on increasing inequality worldwide.....is ignoring "suffering"?

    OTAY!
    Please stop trolling...you are getting rather annoying.
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by ReverendHellh0und View Post
    see my link. You haven't answered my question.


    I don't see middle class towns being raized for projects, or low income homes.
    [QUOTE=ReverendHellh0und;1064217994]No, right now, when I drive from Chelsea, NYC to my upscale home in Somerset county, I pass by tens of thousands of middle class homes.

    Who lives there? if the middle class is shrinking, where are they going? who's buying these houses?

    Suggestion- Stop on your drive to Upscaleville and ask.
    Where is the middle class going is what I asked.
    Why Upscaleville because you drive by it. Yep that is sound. You make decisions based upon that?
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  4. #244
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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.
    The $200 Trillion World: Who Owns All the Wealth? - The Atlantic

    Looks like households own 42% of that wealth.

    Yes the top 1% is widening the gap but, poverty is going away quickly.



    By 2035 there will likely be no more poor countries.

    The World's 85 Richest People Are as Wealthy as the Poorest 3 Billion - The Atlantic
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by ReverendHellh0und View Post
    What slums?


    Who lives in these solid middle class homes?

    https://www.google.com/maps/place/We...4fc9b93ff301ab
    People in debt. But the point is that the middle class is shrinking, and after that the 1% is going to shrink as well in terms of collective wealth as the 0.1% begin to aggregate everything. Most in that 1% will end in no different a place than the rest of us.
    You know the time is right to take control, we gotta take offense against the status quo

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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.
    Don't worry about it. The new Republican majorities in both houses have YOUR best interests in mind.


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

    Quote Originally Posted by Fearandloathing View Post
    Please stop trolling...you are getting rather annoying.
    I'm not surprised that you will not face up to your contradiction.

    Inherently, discussions of inequality contain concerns about "suffering".
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JANFU View Post
    So lowering tax for middle class would make them poorer? Higher tax on the rich. That is what Obama was proposing?
    Some of that is for when the 1% lays your ass off and the FedGov takes care of you. LOL!

    The majority of that money goes back to Obama's friends.....the 1%ers, not to the middle class
    32 “Whoever acknowledges me before others, I will also acknowledge before my Father in heaven. 33 But whoever disowns me before others, I will disown before my Father in heaven.
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Fearandloathing View Post
    What does that mean?

    "proper income mobility"? Who decides what is "proper" and how the **** is income mobile?

    Please at least pass through a modern economics test before replying...

    and, oh, please document this "destruction of the free market system", who caused it, when it happened and so forth.

    The last time I looked the free market was working just fine. Your oil prices have never been lower because of the "free market" concept of competitive pricing.....so how exactly is the free market no longer in existence...

    and who the **** controls it now?
    We have corporate capitalism, not free market. Corporate capitalism innately bolsters the corporate identy while making rule sand regulations which make it harder for smaller business to compete. The result is the end of competition, which is a hallmark of actual free market. Oligarchy rules the Corporate Capitalist world and economic mobility, meaning the ease at which one can rise or fall from one financial class to another, becomes restricted. So more and more the poor will have a hard time making out of being poor, and the rich will find it harder and harder to become poor.

    Free market, on the other hand, rewards input, ingenuity, enterprise, and innovation. To the best go the spoils. A poor man can become rich through effort and intelligence and invention. Likewise a rich man can become poor through apathy and bad decision. It allows for a flow.

    Currently, competition is choked off and we're stagnating in a pool of corporate oligarchy. The Corporate State reigns supreme now.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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

    Quote Originally Posted by Ikari View Post
    Obama and Bush are both Corporate Capitalist jerks, selling out America to the highest bidder.
    Bush and Obama are like night and day, polar opposites. You can't compare them on any level

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