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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 Conservative View Post
    What I continue to see here is class envy and jealousy about what someone else has. What has this country come to? I never cared about what someone else had or paid in taxes for that never affected me and my family in anyway. In fact it in some ways motivated me to do better and become part of that group. Doesn't seem to be that way today as so many want to take from those who produced and give it to others which in some way is supposed to motivate them to better themselves and not expect continued handouts. Talk about being naïve

    I have also heard that the Middle class is shrinking. Question, where are they going? Wonder if any of them have moved up to the upper class by taking advantages of the opportunities that they have in this country. Naw, that couldn't be it, they just dropped off the face of the earth.
    It is the middle of the middle class that is disappearing. They are going in both directions depending on what their job is and where they are located.

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

    Quote Originally Posted by JasperL View Post
    Disproportion as you call is IS affecting others. Decades long stagnation of wages, declining living standards at the bottom, income and productivity gains all flowing to the top, the rising generation with living standards below that of their parents - those are real effects.
    please illustrate how the rising generation's living standards are lower than that of their parents.

    It's perhaps unfair to say the 'rich' are "keeping the people at the bottom from achieving" but the results of policies supported by the political establishment funded by "the rich" and our most powerful corporate interests are devastating to millions of Americans, and no amount of "pull yourself up by your bootstraps" happy talk can change that.
    Which policies are doing that?
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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

    Quote Originally Posted by Declan View Post
    It is the middle of the middle class that is disappearing. They are going in both directions depending on what their job is and where they are located.
    So those of us who are positive point to the middle class moving up as a positive, and those that are negative point to the middle class that is moving down? My thoughts then are if people are moving into the Upper class then that class is growing. How can that be? Aren't those people moving into the upper class taking it from someone else?

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

    Quote Originally Posted by Conservative View Post
    So those of us who are positive point to the middle class moving up as a positive, and those that are negative point to the middle class that is moving down?
    Well you can certainly try to fashion yourself "positive" and those who disagree with you "negative" if it makes you feel better. I assume based on experience that most people are thinking "manufacturing jobs" in the back of their mind when this subject is being discussed.


    My thoughts then are if people are moving into the Upper class then that class is growing. How can that be?
    I am not sure what you mean because to me more people moving up causing a class to grow seems pretty self-evident as to why--some people are making more money than they were.

    Aren't those people moving into the upper class taking it from someone else?
    That would depend on how they make the money I suppose

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

    Quote Originally Posted by mac View Post
    please illustrate how the rising generation's living standards are lower than that of their parents.
    OK, median net worth in 2010 is lower than it was in 1989, and probably lower than in 1983. Almost all of that net worth is a house - in 2010 median net worth other than a house was about $2,000. In 2014, almost no one has a pension at work, they have less job security, and their 401(k) is about 30,000, so a couple of years of retirement or so.

    Here's wages: Inequality: Wages, income, and time for gardening | The Economist



    That's household income, which has barely moved, and that doesn't account for women entering the workforce or that we're on average working longer hours.

    I could post the increase in college debt, and household debt and some of that is in the median net worth figures. But over 40 years or so, incomes have barely budged even as women have entered the workforce, but the middle class has no job security, no pension, more debt, almost no savings, and almost nothing saved for retirement. And there is no up trend.

    Which policies are doing that?
    Among others, the end of unions and offshoring, replacing decent jobs producing real value with lots of low value added service jobs. We're all competing with $2 an hour in China and $5 an hour in India, technology replacing middle level managers, etc.

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

    Quote Originally Posted by JasperL View Post
    OK, median net worth in 2010 is lower than it was in 1989, and probably lower than in 1983. Almost all of that net worth is a house - in 2010 median net worth other than a house was about $2,000. In 2014, almost no one has a pension at work, they have less job security, and their 401(k) is about 30,000, so a couple of years of retirement or so.

    Here's wages: Inequality: Wages, income, and time for gardening | The Economist



    That's household income, which has barely moved, and that doesn't account for women entering the workforce or that we're on average working longer hours.

    I could post the increase in college debt, and household debt and some of that is in the median net worth figures. But over 40 years or so, incomes have barely budged even as women have entered the workforce, but the middle class has no job security, no pension, more debt, almost no savings, and almost nothing saved for retirement. And there is no up trend.



    Among others, the end of unions and offshoring, replacing decent jobs producing real value with lots of low value added service jobs. We're all competing with $2 an hour in China and $5 an hour in India, technology replacing middle level managers, etc.
    Does personal responsibility play any role in your world? What is your proposed solution to what you see as a problem? You seem to put a lot of faith in charts and graphs and have very little understanding about human nature and the ability of humans to make poor choices.

    This is a great country for opportunity which liberals always destroy by micromanaging and promoting social engineering. Seems you want equal outcome and redistribution of wealth and punishing producers. The question is why don't you let people spend their money the way they want and not the way you think they should?

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

    Quote Originally Posted by Declan View Post
    You could pick to focus your debate with one of the 4 or 5 and not feel a need to respond to all of them. It isn't like we debate much--we just yell at each other to pass the time mostly.
    I try to debate them all. LOL

    Quote Originally Posted by Conservative View Post
    Show me a conservative who cares about what someone else makes, someone else has, or what someone else pays in taxes. If you are ashamed of your leaning change it, if not defend it. You telling me that it isn't liberals who are obsessed with what people make and pay in taxes?

    LOL, you want to talk about efficiency and you support a President who proposed a 3.9 trillion dollar budget? Where can you show me an example of liberal efficiency/
    Every conservative who tells people they shouldn't be buying that because he she receives government assistance. Every conservative who complains that not enough people pay federal tax. Every conservative who says that the free market has decided that people shouldn't make more than they do.

    Conservatives are all up in other people's business, let's not pretend they aren't.
    Ted Cruz is the dumbest person alive.

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

    Quote Originally Posted by whysoserious View Post
    I try to debate them all. LOL



    Every conservative who tells people they shouldn't be buying that because he she receives government assistance. Every conservative who complains that not enough people pay federal tax. Every conservative who says that the free market has decided that people shouldn't make more than they do.

    Conservatives are all up in other people's business, let's not pretend they aren't.
    Your opinion noted, name for me the Conservative who voted for Obamacare, the Obama stimulus, or raising taxes on anyone?

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

    Quote Originally Posted by Conservative View Post
    Your opinion noted, name for me the Conservative who voted for Obamacare, the Obama stimulus, or raising taxes on anyone?
    Mitt Romney signed off on Obamacare, John McCain voted for the stimulus, and George HW Bush raised taxes.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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

    Quote Originally Posted by JasperL View Post
    OK, median net worth in 2010 is lower than it was in 1989, and probably lower than in 1983. Almost all of that net worth is a house - in 2010 median net worth other than a house was about $2,000. In 2014, almost no one has a pension at work, they have less job security, and their 401(k) is about 30,000, so a couple of years of retirement or so.

    Here's wages: Inequality: Wages, income, and time for gardening | The Economist



    That's household income, which has barely moved, and that doesn't account for women entering the workforce or that we're on average working longer hours.

    I could post the increase in college debt, and household debt and some of that is in the median net worth figures. But over 40 years or so, incomes have barely budged even as women have entered the workforce, but the middle class has no job security, no pension, more debt, almost no savings, and almost nothing saved for retirement. And there is no up trend.
    Most of the reduction in net worth is directly related to the increase in debt. The increase in debt is a responsibility of the person, not society. Regardless, the reduction in net worth is minimal and doesn't in and of itself illustrate a reduction in living standards. More middle class kids go to college now than they did in 1989, more middle class people buy more new cars now than they did in 1989....etc, etc.

    Among others, the end of unions and offshoring, replacing decent jobs producing real value with lots of low value added service jobs. We're all competing with $2 an hour in China and $5 an hour in India, technology replacing middle level managers, etc.
    What policies cause this?
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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