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

  1. #321
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Conservative View Post
    Why is this even an issue, who cares and how does it affect you? Great headlines that motivate and upset Obamabots but why you? Too many people spend way too much time worrying about who pays the taxes and how much they pay, why is that? Do you really believe class warfare is productive? Maybe of some of these so called poor people who are whining and complaining would get off their asses things might just improve in their own lives.
    It's a matter of power being concentrated into a few hands, really no different from government power being concentrated in just a few individuals.

    Wealth enough to live comfortably is great. Anyone who works hard and saves should be able to have a nice home, cars, vacations, etc.

    But, what we're talking about is wealth in the billions being concentrated in a small percentage of people. Those people then use this wealth (or at least can use that wealth) to gain power,more wealth, therefore more power, and so on. They can ruin ordinary individuals, have much more influence than their numbers would suggest on government action.

    It's not about having money. It's about power, and power corrupts regardless of its source.
    "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

    It's terrible..


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

    Quote Originally Posted by imagep View Post
    No, that's not what he said at all.

    He said that "the average annual income of top percent", that doesn't imply that the top one percent starts at that point.

    I've seen a figure more than double that for the average income of the 1%, I suspect that his figure is the median income for 1%ers, and not the mean income (which is closer to $1.5 million).

    Aw. Now I'm disappointed. We need to get more money to the top 1% quick!

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

    Quote Originally Posted by Dittohead not! View Post
    It's a matter of power being concentrated into a few hands, really no different from government power being concentrated in just a few individuals.

    Wealth enough to live comfortably is great. Anyone who works hard and saves should be able to have a nice home, cars, vacations, etc.

    But, what we're talking about is wealth in the billions being concentrated in a small percentage of people. Those people then use this wealth (or at least can use that wealth) to gain power,more wealth, therefore more power, and so on. They can ruin ordinary individuals, have much more influence than their numbers would suggest on government action.

    It's not about having money. It's about power, and power corrupts regardless of its source.
    When You Legislate Buying and Selling, The First Things Bought And Sold are Legislators.




    You have the problem precisely backwards.

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

    Quote Originally Posted by Middleground View Post
    For ****'s sake, Fletch... they are the ones who are indirectly governing. You think they donate gobs of cash and offer posh post-political career jobs cuz they're charitable?
    Well, why are they doing that?



    Put more indirectly: how much of the Senate, do you think, has some Bill Gates money behind them? I recall seeing an estimate a few years back that he had about half in his pocket, but I think we can agree that the answer is roughly "as many as he wants".


    Now. How many did he fund to prior to Microsoft's competitors buying enough government to bring it up on monopoly charges? Because as I recall, the answer there is "zero".



    When we allow government to be used by large businesses as a means of gaining an advantage over the competition, we only ensure that they will seek to make an ROI off of government. When you concentrate power over the market in the government, you create massive incentives for the most powerful players in the market to seek to steer it.

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

    Quote Originally Posted by Dittohead not! View Post
    It's a matter of power being concentrated into a few hands, really no different from government power being concentrated in just a few individuals.

    Wealth enough to live comfortably is great. Anyone who works hard and saves should be able to have a nice home, cars, vacations, etc.

    But, what we're talking about is wealth in the billions being concentrated in a small percentage of people. Those people then use this wealth (or at least can use that wealth) to gain power,more wealth, therefore more power, and so on. They can ruin ordinary individuals, have much more influence than their numbers would suggest on government action.

    It's not about having money. It's about power, and power corrupts regardless of its source.
    There is no individual with enough power and money to compete against the Federal Govt and you ought to know that. Tell me exactly how any billionaire affects you and your family? This is a great country and no individual has so much influence that you cannot get away from it. Try getting away from the massive central govt?

    I don't worry about corrupt individuals only corrupt politicians and govt. Corrupt individuals have no influence over me and my family, corrupt politicians do and when you have a 3.9 trillion dollar govt, take money from any group of people you are promoting bigger govt. and more dependence. that is the problem.

    I learned a long time ago that a govt. that gives you everything you want is big enough to control you and take it all away. How many liberals really want that to happen.

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

    Quote Originally Posted by cpwill View Post
    When You Legislate Buying and Selling, The First Things Bought And Sold are Legislators.




    You have the problem precisely backwards.
    Not really backwards. The money flows both ways, and so does the power. Money begets power, power begets money and power corrupts.
    "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 Conservative View Post
    There is no individual with enough power and money to compete against the Federal Govt and you ought to know that. Tell me exactly how any billionaire affects you and your family? This is a great country and no individual has so much influence that you cannot get away from it. Try getting away from the massive central govt?

    I don't worry about corrupt individuals only corrupt politicians and govt. Corrupt individuals have no influence over me and my family, corrupt politicians do and when you have a 3.9 trillion dollar govt, take money from any group of people you are promoting bigger govt. and more dependence. that is the problem.

    I learned a long time ago that a govt. that gives you everything you want is big enough to control you and take it all away. How many liberals really want that to happen.
    No, no one can "compete against" the federal government. What they can do is buy legislative influence that helps make even more money. Power buys money. Money buys power. That's how it works. Until we find a way to take money out of politics, people with real wealth will continue to run it.
    "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 Dittohead not! View Post
    Not really backwards. The money flows both ways, and so does the power. Money begets power, power begets money and power corrupts.
    Yeah.. but I would argue that this cycle starts with the perception by business that government can be profitable. There is a reason why industries usually lobby for regulation.


    Until we find a way to take money out of politics, people with real wealth will continue to run it.
    Sure - make it unprofitable by sharply reducing the governments' ability to steer resources and provide competitive regulatory advantage.

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

    Quote Originally Posted by Dittohead not! View Post
    No, no one can "compete against" the federal government. What they can do is buy legislative influence that helps make even more money. Power buys money. Money buys power. That's how it works. Until we find a way to take money out of politics, people with real wealth will continue to run it.
    Name for me one rich person that prevented you from joining them or actually hurt you and your family? We take money out of politics by implementing term limits but politicians aren't going to support that. Right now it isn't the rich causing the problem it is the politicians buying the votes of the poor and middle class with their promises and growth in entitlement spending.

    How can African Americans support Obama when their unemployment rate is over 10%. Free handouts!!

    How about the social liberals whose number one issue is either pot or SSM? Obama supports those causes with his rhetoric. these people are too damn stupid to vote because without a strong growing economy the social issues will never be solved but their votes will be bought.

    How about all those ads about Free Healthcare supplements? Do you know anything in this country that is free? Someone is paying for it and it is the taxpayers who actually pay taxes.

    We have a bunch of idiots who have been brainwashed not even knowing what their taxes are and what those taxes fund nor do they appear to give a damn. We are in a sad state here in this country today and I blame it all on liberalism and their ignorance of reality.

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