Page 58 of 129 FirstFirst ... 848565758596068108 ... LastLast
Results 571 to 580 of 1288

Thread: Census finds record gap between rich and poor

  1. #571
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

    Re: Census finds record gap between rich and poor

    Quote Originally Posted by phattonez View Post
    Proof? I mean following individuals, not census records.
    I've a lot though the years. We even had a Bush report some years ago in which his people noted the gap.

    The gap between the rich and poor in the United States grew at the same pace as the economic growth. Statistics show that the richest 1 percent of the US citizens own 40 percent of the total property of the country, while 80 percent of US citizens own just 16 percent.

    Widening Gap Between Rich and Poor

    Inequality in America: The rich, the poor and the growing gap ...
    The rich, the poor and the growing gap between them. The rich are the big gainers in America's new prosperity. Register now and receive a 14-day premium ...
    www.economist.com/inequality/

    Income inequality has been rising since the late 1970s, and now rests at a level not seen since the Gilded Age—roughly 1870 to 1900, a period in U.S. history defined by the contrast between the excesses of the super-rich and the squalor of the poor.

    Early in the twentieth century, the share of total national income drawn by the top 1 percent of U.S. earners hovered around 18 percent. That share hit an all-time high in 1928—when top earners took home 21.1 percent of all income, including capital gains—then dropped steadily through the next three decades. Amid the post-World War II boom in higher education, and overall economic growth, the American middle class swelled and prospered, and the top 1 percent of earners took home less than 10 percent of all income through the 1960s and 1970s. Since then, the topmost 1 percent have seen their share rise again: it shot past 15 percent in 1996 and crested at 20.3 percent in 2006, the most recent year for which numbers are available.

    Unequal America | Harvard Magazine Jul-Aug 2008

    That was just the first few on a search. But the this is not new. Effort at trying to excuse it do little to fix it, if it can be fixed.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  2. #572
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Re: Census finds record gap between rich and poor

    Quote Originally Posted by phattonez View Post
    How does a corporation steal from you? Name one corporation that has stolen money from you (without government assistance, of course).

    A company marketing penile enhancement pills has agreed to pay the Orange County district attorney's office $300,000 in civil penalties for false advertising and unfair business practices, a district attorney's spokeswoman said Monday.
    Dish Direct Inc., also known as Maximizer Health Products Inc., which produces ExtenZe, will also stop making unsubstantiated advertising claims, honor refund requests and eliminate lead in their pills, which was making customers sick, Susan Kang Schroeder said.


    Enhancement Marketer Is Fined for False Advertising - Los Angeles Times
    They have also been busted for repeated credit card charges after people told them to stop.

  3. #573
    Educating the Ignorant
    zimmer's Avatar
    Join Date
    Dec 2008
    Last Seen
    Yesterday @ 05:39 PM
    Lean
    Conservative
    Posts
    14,445
    Blog Entries
    12

    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Troubadour View Post
    You mean, take back a fraction of the money that corporations receive from Americans in the form of subsidies, infrastructure, and lax enforcement of labor and environmental laws? I don't think that quite constitutes "soaking," and Sweden doesn't look very "miserable" to me - other than the natural effects of its climate.
    Having lived in Sweden, I can tell you it's no Utopia... not by a long shot... and as proof, Swedish economists did a study comparing EU countries to US states. The standard of living of the best EU countries equaled our bottom five states.
    http://www.timbro.se/bokhandel/pdf/9175665646.pdf

    They do have hot babes, and most think the pill is candy or some kind of multiple vitamin... so that kinda offsets living in a second rate country.

    Boo: what does it matter if there is a gap between rich and poor? Stealing their wealth isn't going to make you life one iota better.

    .
    Last edited by zimmer; 10-12-10 at 01:53 PM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  4. #574
    Banned
    Join Date
    Oct 2010
    Last Seen
    07-25-11 @ 05:42 AM
    Gender
    Lean
    Liberal
    Posts
    464

    Re: Census finds record gap between rich and poor

    Quote Originally Posted by zimmer View Post
    Having lived in Sweden, I can tell you it's no Utopia... not by a long shot... and as proof, Swedish economists did a study comparing EU countries to US states. The standard of living of the best EU countries equaled our bottom five states.
    http://www.timbro.se/bokhandel/pdf/9175665646.pdf
    Deeply flawed methodology. For one thing, measures like per capita GDP and median income become invalid measures when inequality is too extreme - otherwise you could claim that a country with three billionaires and a million starving slaves is prosperous. Secondly, their definition of quality of life practically begs the question: They're basically saying quality of life is a function of how much money you spend, and that's clearly not the case. The United States under-provides basic services for close to half the population, and what the middle-class gets is both more expensive than and beneath the standards of what Northern Europeans expect as a matter of course from their government. The result is poverty. I'm sure Swedes have smaller TVs and less elaborate stereoes than we do, but their children can read, and the quality of their healthcare isn't dictated by how much their employers value them.[/QUOTE]

  5. #575
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Boo Radley View Post
    I've a lot though the years. We even had a Bush report some years ago in which his people noted the gap.

    The gap between the rich and poor in the United States grew at the same pace as the economic growth. Statistics show that the richest 1 percent of the US citizens own 40 percent of the total property of the country, while 80 percent of US citizens own just 16 percent.

    Widening Gap Between Rich and Poor

    Inequality in America: The rich, the poor and the growing gap ...
    The rich, the poor and the growing gap between them. The rich are the big gainers in America's new prosperity. Register now and receive a 14-day premium ...
    www.economist.com/inequality/

    Income inequality has been rising since the late 1970s, and now rests at a level not seen since the Gilded Age—roughly 1870 to 1900, a period in U.S. history defined by the contrast between the excesses of the super-rich and the squalor of the poor.

    Early in the twentieth century, the share of total national income drawn by the top 1 percent of U.S. earners hovered around 18 percent. That share hit an all-time high in 1928—when top earners took home 21.1 percent of all income, including capital gains—then dropped steadily through the next three decades. Amid the post-World War II boom in higher education, and overall economic growth, the American middle class swelled and prospered, and the top 1 percent of earners took home less than 10 percent of all income through the 1960s and 1970s. Since then, the topmost 1 percent have seen their share rise again: it shot past 15 percent in 1996 and crested at 20.3 percent in 2006, the most recent year for which numbers are available.

    Unequal America | Harvard Magazine Jul-Aug 2008

    That was just the first few on a search. But the this is not new. Effort at trying to excuse it do little to fix it, if it can be fixed.
    You're still looking at census data which follows group, the composition of which changes over time. The problem is that you think that income defines rich and poor when really it's wealth. You're not answering the question I posed before. If someone who made $5 million last year but $20 thousand this year, is he poor? Well this data would say yes, but that would be a stupid measure wouldn't it?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  6. #576
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Census finds record gap between rich and poor

    Quote Originally Posted by winston53660 View Post
    They have also been busted for repeated credit card charges after people told them to stop.
    Fraud is really the best example? How much did this occur and isn't it illegal anyway?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  7. #577
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Troubadour View Post
    Deeply flawed methodology. For one thing, measures like per capita GDP and median income become invalid measures when inequality is too extreme - otherwise you could claim that a country with three billionaires and a million starving slaves is prosperous. Secondly, their definition of quality of life practically begs the question: They're basically saying quality of life is a function of how much money you spend, and that's clearly not the case. The United States under-provides basic services for close to half the population, and what the middle-class gets is both more expensive than and beneath the standards of what Northern Europeans expect as a matter of course from their government. The result is poverty. I'm sure Swedes have smaller TVs and less elaborate stereoes than we do, but their children can read, and the quality of their healthcare isn't dictated by how much their employers value them.
    [/QUOTE]

    Any measure of quality of life is flawed. It's impossible to find a good measure of it without using subjective value measurements.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  8. #578
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

    Re: Census finds record gap between rich and poor

    Quote Originally Posted by phattonez View Post
    You're still looking at census data which follows group, the composition of which changes over time. The problem is that you think that income defines rich and poor when really it's wealth. You're not answering the question I posed before. If someone who made $5 million last year but $20 thousand this year, is he poor? Well this data would say yes, but that would be a stupid measure wouldn't it?
    No, not enitrely, I believe one above used IRS data. The person you describe, rare as they are, do not effect the data near enough to do what you suggest it does. you're taking a small, obscure anomally and treating it as if the number is significant. I see nothing to suggest you're rigth about that, or that all those studing it wouldn't notice.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  9. #579
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Census finds record gap between rich and poor

    I don't see any with IRS data. The IRS data that I've seen show huge changes in composition of the groups every year.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  10. #580
    Banned
    Join Date
    Oct 2010
    Last Seen
    07-25-11 @ 05:42 AM
    Gender
    Lean
    Liberal
    Posts
    464

    Re: Census finds record gap between rich and poor

    Quote Originally Posted by phattonez View Post
    Any measure of quality of life is flawed. It's impossible to find a good measure of it without using subjective value measurements.
    True, but that doesn't mean all metrics are created equal. There is simple common sense - people with health care have a higher standard of living than people denied it. People with good schools have a better quality of life than people where education consists of corporate advertising and memorizing multiple-choice tests.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •