View Poll Results: What should be done to battle income inequality in the USA?

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  • Do not intervene

    47 51.09%
  • Yes, do intervene

    45 48.91%
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Thread: Income Inequality

  1. #461
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    Re: Income Inequality

    Quote Originally Posted by Peter Grimm View Post
    It's indisputable fact that income inequality in the United States has grown substantially in the past few decades.

    Median nominal incomes, adjusted for inflation, have not gone up in the USA since the 50's. (Median is the halfway point, so we are talking about the middle-earner). In contrast, the per capita GDP has risen quite dramatically, due to the increased purchasing power of the upper echelon.


    I pose three questions to you:

    1.) What has caused this phenomenon
    2.) What are the long term implications if the trend is allowed to continue
    3.) What, if anything, should be done to adjust our course


    Thanks
    To answer your first question, a big part of the problem is more money is generated through the financialization of our economy than by production. It has got exponentially worse over the decades. This has caused further issues by generating money artificially. To further the problem, people who generate their money through capital are taxed less than those who generate it through labor. People who do not earn their money through capital are more than likely the ones who benefit from such things as government grants and/or programs, yet they are more likely to lose out on such things when revenue is low because they are often cut. One solution that could lessen this problem is by having both capital and wages taxed at the same rate. If the trend continues, the long term effects for the middle class could become much worse.

  2. #462
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    Re: Income Inequality

    Quote Originally Posted by PeteEU View Post
    But you said all wealthy people were more intelligent and so on.. her grandfather is dead, and her father got his money from his father. It is pretty easy to "make money" once you have money after all.
    You'd have to quote where I actually said that because I never did. People who actually are self-made? Yes. People who just stumble into money? Not necessarily.

    No income inequality has everything to do with education and access to said education and the ability of society to take of people in need (yes healthcare costs among other things). The countries with least income inequality all have one thing in common... free or very low cost education that means where you were born and in what income class has very little to do with your future. In places like Denmark, Sweden and so on, being born in a poor ghetto, on a farm or to the richest 1% families has very little impact on what you do with your life. If you have the intelligence and the grades, then you can become anything you want and the cost aspect has been removed. That means the bricklayers son, who traditionally would get remain in the same type of job as his father and his fathers father, has the ability to climb the economic and social ladder. It works, my family and most Danes are clear examples of this.
    Well, actually the countries with the least income inequality are the ones that are stealing from the wealthy and giving to the poor. And of course, it isn't like Denmark is a world powerhouse, they really don't contribute much of anything to the world.
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  3. #463
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    Re: Income Inequality

    Quote Originally Posted by Cephus View Post
    You'd have to quote where I actually said that because I never did. People who actually are self-made? Yes. People who just stumble into money? Not necessarily.



    Well, actually the countries with the least income inequality are the ones that are stealing from the wealthy and giving to the poor. And of course, it isn't like Denmark is a world powerhouse, they really don't contribute much of anything to the world.
    Denmark is a small country that has a high standard of living. By any objective measure, their standard of living is higher than that of the USA, but, of course, they're not a world powerhouse.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  4. #464
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    Re: Income Inequality

    Quote Originally Posted by Dittohead not! View Post
    Denmark is a small country that has a high standard of living. By any objective measure, their standard of living is higher than that of the USA, but, of course, they're not a world powerhouse.
    Good for them. What have they done for the planet with that higher standard of living? I'm not trying to insult Denmark, but saying "we're better than you are, but we've been totally useless on the world stage" just isn't impressive.
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  5. #465
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    Re: Income Inequality

    Quote Originally Posted by Cephus View Post
    Good for them. What have they done for the planet with that higher standard of living? I'm not trying to insult Denmark, but saying "we're better than you are, but we've been totally useless on the world stage" just isn't impressive.
    For the planet? Is that the rationale for this thread?

    Seems like the thread concerns inequality of a population, ie should a govt be involved in minimizing inequality to raise the living standard for the largest number.
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  6. #466
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    Re: Income Inequality

    Quote Originally Posted by Cephus View Post
    Well, actually the countries with the least income inequality are the ones that are stealing from the wealthy and giving to the poor.
    LOL okay... so you are one of those.

    And of course, it isn't like Denmark is a world powerhouse, they really don't contribute much of anything to the world.
    So you move to a lame attempt to insult a person based on his country and belittling it? Pathetic. You have no idea what Denmark and Danes have contributed to the world over history... and it is considerable relative to the population size.
    PeteEU

  7. #467
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    Re: Income Inequality

    Quote Originally Posted by Gimmesometruth View Post
    For the planet? Is that the rationale for this thread?
    It certainly is important. One tiny country that has no impact on the rest of the world really isn't that impressive of a country. Why should we ride them around on our shoulders? How have they earned it?

    Seems like the thread concerns inequality of a population, ie should a govt be involved in minimizing inequality to raise the living standard for the largest number.
    No, it's PERCEIVED inequality. It's been pointed out many times in this thread that much of the supposed inequality is EARNED by the people who are not "equal". If people want to be more "equal", they need to be responsible and work harder. The people who tend to fail are the people who tend to fail of their own accord and the loony toon liberals keep pretending that everyone ought to have the same thing just because they bothered to wake up in the morning, not because they actually earned it.
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  8. #468
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    Re: Income Inequality

    Quote Originally Posted by PeteEU View Post
    LOL okay... so you are one of those.
    One of those who actually cares about the planet? Sure. If Denmark disappeared tomorrow, most people would never even notice. Most people have no idea that Denmark even exists. That's simply the reality whether you like it or not.

    So you move to a lame attempt to insult a person based on his country and belittling it? Pathetic. You have no idea what Denmark and Danes have contributed to the world over history... and it is considerable relative to the population size.
    No, I state the facts, if you get offended by the facts, that's your problem. The fact that you couldn't present anything useful that they've done in recent history is quite telling. If there was anything to be proud of, you'd have leapt at the chance.
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  9. #469
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    Re: Income Inequality

    Quote Originally Posted by Dittohead not! View Post
    Denmark is a small country that has a high standard of living. By any objective measure, their standard of living is higher than that of the USA, but, of course, they're not a world powerhouse.
    They obtain it through government sanctioned theft though. If I steal some of the stuff of the richest guy on the block and give it to the poorest there is little doubt I will raise living standards overall. Economic policies that amount to theft are really nothing more than grand school idiocy.

  10. #470
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    Re: Income Inequality

    Quote Originally Posted by Henrin View Post
    They obtain it through government sanctioned theft though. If I steal some of the stuff of the richest guy on the block and give it to the poorest there is little doubt I will raise living standards overall. Economic policies that amount to theft are really nothing more than grand school idiocy.
    And then those wealthy guys have no more money left to do useful stuff with, which is why Denmark is pretty much known for nothing.
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