View Poll Results: How serious a problem is the divide between the wealthy and the rest of us?

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  • Not a problem at all.

    35 28.46%
  • A problem, but not a serious one.

    8 6.50%
  • A fairly serious problem.

    42 34.15%
  • It's not just a "problem." It's a catastrophe that is only getting worse.

    38 30.89%
  • This divide does not exist.

    0 0%
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Thread: The divide between the rich and the rest

  1. #151
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    Guy Incognito's Avatar
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    Re: The divide between the rich and the rest

    Quote Originally Posted by WI Crippler View Post
    It hasn't made my life any better or worse. In fact, looking at my tax returns from the time my wife and I got married in 2004 to now, we have increased our earnings by over 400%. From 2004-2008 liberal democrats would tell you this is impossible, because of the policies of GWB. From 2009-present conservative republicans would tell you this is impossible because of Obama's desire to ruin our economy.

    Somehow we have made it through the strife put forth by tea-partiers, and survived the "greed" of the 1% by doing nothing more than getting our degrees and working hard.
    OWS committed a serious error when they termed the "1%" to be the problem. Most of the upper one percen of income earners are still middle class. Like you. The real problem is more like the upper .001%, and not in annual income but net worth.

    One percent makes a good chant but it isn't even close to accurate. What's really ironic is that middle class people like you endsidetracking the side of the super rich, even though you belong to the class that they are hurting the most (in terms of absolute dollars).
    Last edited by Guy Incognito; 04-24-13 at 08:44 AM.

  2. #152
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    Re: The divide between the rich and the rest

    Quote Originally Posted by Phys251 View Post
    How serious a problem is the wealth gap between the wealthy and the rest of us?
    it's a fairly serious problem but the fact is we have had this divide since we had civilization. The levels of it have changed but it's always been there. We have been told by the media we were closing the gap for the last 50 years, and we believed it is all. We bought into the hype of so-called middle class living. Everyone felt their new car, house, RV, and flat-screen TV gave them status, only to find they needed another new car and another house, and a bigger RV, and a flat-screen in every room to get that status,and even then it wasn't there. So now the economy and changes in medical care has forced us to wake up from the dream. Now we realize that the gap is still there and the middle class fairy tale has ended and we don't all live happily ever after.

  3. #153
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    Re: The divide between the rich and the rest

    Quote Originally Posted by Phys251 View Post
    How serious a problem is the wealth gap between the wealthy and the rest of us?
    It depends on the origin of their wealth.

    The "gap" between me and Baryshnikov, when it comes to getting paid for dancing, is not a problem at all. I cannot dance, he can - and how. The same goes for inventors, entrepreneurs, organizers, and all kinds of creators.

    On the other end of the spectrum, the "gap" between a corrupt dictator of a minerals-rich third-world country and most every other citizen is definitely a "very serious" problem - not in itself, by because it is a result of the State being set up as a criminal syndicate.

    We have to focus less on the "gap" (that's just envy talking, let's be honest), and more on the role of government and sources of enrichment / causes of impoverishment in a given society.

  4. #154
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    Re: The divide between the rich and the rest

    Quote Originally Posted by Mathematician View Post
    Jealousy is the only real issue. A spotlight shined upon it in the last election; some were against Mitt simply for being rich.
    Five posts in and the Envy Card is already played!


    I had nothing against Mitt for being rich or even how he got rich, which even more people had a problem with. Sharks and jackals are a natural part of the system whether it be the jungle or a capitalist business community.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  5. #155
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    Re: The divide between the rich and the rest

    Quote Originally Posted by gslack View Post
    it's a fairly serious problem but the fact is we have had this divide since we had civilization. The levels of it have changed but it's always been there. We have been told by the media we were closing the gap for the last 50 years, and we believed it is all. We bought into the hype of so-called middle class living. Everyone felt their new car, house, RV, and flat-screen TV gave them status, only to find they needed another new car and another house, and a bigger RV, and a flat-screen in every room to get that status,and even then it wasn't there. So now the economy and changes in medical care has forced us to wake up from the dream. Now we realize that the gap is still there and the middle class fairy tale has ended and we don't all live happily ever after.
    you are being lied to

    A widening gap between rich and poor is reshaping the U.S. economy, leaving it more vulnerable to recurring financial crises and less likely to generate enduring expansions.

    Left unchecked, the decades-long trend toward increasing inequality may condemn Wall Street to a generation of unimpressive returns and even shake social stability, economists and financial-industry executives say.

    “Income inequality in this country is just getting worse and worse and worse,” James Chanos, president and founder of New York-based Kynikos Associates Ltd., told Bloomberg Radio this week. “And that is not a recipe for stable economic growth when the rich are getting richer and everybody else is being left behind.”

    Since 1980, about 5 percent of annual national income has shifted from the middle class to the nation’s richest households. That means the wealthiest 5,934 households last year enjoyed an additional $650 billion -- about $109 million apiece -- beyond what they would have had if the economic pie had been divided as it was in 1980, according to Census Bureau data.

    Disputes over what constitutes economic fairness are moving to center stage amid a near-stagnant U.S. economy saddled with 9.1 percent unemployment yet boasting record corporate profits. President Barack Obama last month targeted “the wealthiest taxpayers and biggest corporations” for higher taxes, saying they should pay “their fair share.” That drew charges of “class warfare” from House Speaker John Boehner of Ohio.

    Growing Income Gap May Leave U.S. Vulnerable - Bloomberg
    there are numerous sources that discuss this, and it has been well researched.

    I can't believe americans don't know this.
    Every political good carried to the extreme must be productive of evil.

  6. #156
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    Re: The divide between the rich and the rest

    Quote Originally Posted by Rocketman View Post
    5 of them were contractors that benefitted from the housing boom, a couple more of them are rental property guys, and the others just though real estate and other deals.
    Land speculators are leeches. A truly freeD market would see the end of such parasitic behavior.
    "Men did not make the earth ... it is the value of the improvement only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds." -- Thomas Paine, Agrarian Justice
    http://www.wealthandwant.com/

  7. #157
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    Re: The divide between the rich and the rest

    Quote Originally Posted by Fisher View Post
    Except none of that is true. The rich aren't getting richer. They usually lose their wealth within 3 generations. Most of today's wealthy did not start off that way. IT is just the same old myth the democrats have been peddling since Andrew Jackson.
    Then Romney's kids will piss it all away? LOL! Somehow I doubt that.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  8. #158
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    Re: The divide between the rich and the rest

    Quote Originally Posted by MoSurveyor View Post
    Then Romney's kids will piss it all away? LOL! Somehow I doubt that.
    His grandkids will.

  9. #159
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    Re: The divide between the rich and the rest

    If you're intent on running a command and control economy, it's a fairly serious problem.

  10. #160
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    Re: The divide between the rich and the rest

    Quote Originally Posted by MoSurveyor View Post
    Then Romney's kids will piss it all away? LOL! Somehow I doubt that.
    Probably not, as he appears to have done a pretty good job as a father.

    However, Fisher is correct - the vast majority of America's millionaires are first-generation wealthy.

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