Income inequality worse than before Great Depression

[Fight4Freedom]

Trade schools are not free u fukkin moron. In another 20-30 years 50% of jobs will require skills like coding, computer programming, etc. you can’t jusy pick up a flyer off the street and walk in for a job.

Did your liberal media teach you this? FAKE STATS. Have you ever actually tried to apply for a job that requires "skill". Companies will train people but if you expect to get ahead in this world do you honestly believe dropping 60k on a piece of paper is smart? Read a book, become self-trained and taught. Turn on the news and look at the people complaining... In my generation I witnessed the liberals talk about how important college is... and all they do is throw money at a piece of paper that does no good.. they just look for the next fukin handout.

[keely85]

Wealth redistribution is a stupid idea. People need to get their head out of their asses and fukkin work! You are blaming others for a segment that is "not doing good" according to who? when I see the people who complain... mostly blacks and browns and people who are on the government tit. If we would get rid of welfare and social security it would force people to change. Simply give the people 6 months and if they don't have jobs and were not prepared.. natural selection will take over.

You mean the blacks that were literally slaves less - 100 years years ago? And figuratively slaves 50 years ago? Ya those lazy idiots. They just don’t try hard. We even let them be free! Why don’t these just get jobs, we even offer some of them those too!

There are plenty lazy white people in the US living off welfare and hooked on drugs. Hell I taught in rich white suburbia and the white kids are drug fukks there too.

But it’s good, I got the gist of how you think things should work.

[khicks26]

my statement is true. Look at the segment that is being affected. Low income black community. The people who are drug addicts and rapists and those looking for freebies. If they are tired of "society getting down on them" then fukkin change. Everyone has moments where things don't work or are not going his way.. you need to fukkin work.... life was not mean to be just sitting at home complaining about our country.

From what I hear its a lack of infrastructure, the bama government not doing its job. Or not having the tax revenue to do shit right. Its really not the fault of the people being forced to live in a shit hole.

[keely85]

Did your liberal media teach you this? FAKE STATS. Have you ever actually tried to apply for a job that requires "skill". Companies will train people but if you expect to get ahead in this world do you honestly believe dropping 60k on a piece of paper is smart? Read a book, become self-trained and taught. Turn on the news and look at the people complaining... In my generation I witnessed the liberals talk about how important college is... and all they do is throw money at a piece of paper that does no good.. they just look for the next fukin handout.

Lmao read a book?? Try going into an interview with a list of books you’ve read. I’m sure they’ll throw multiple offers at you.

[keely85]

From what I hear its a lack of infrastructure, the bama government not its job. Or not having the tax revenue to do shit right. Its really not the fault of the people being forced to live in a shit hole.

He will just say they should move then. Not like it costs much uprooting families to move somewhere else.

[Fight4Freedom]

The problem with liberals is they create the problem because they are the problem! In a booming economy you ride the bull until she bucks you off. Liberals always look at the negative and scrape for answers to problems that don't exist!

[khicks26]

I wonder if this guy is a ghost of antifoil. He has the same MO.

[keely85]

Listen I’m all for people working for their income and education. But you gotta be honest with the fact that access to education and a decent START in life isn’t the same for everyone. And reading books may not change that

[khicks26]

The classical economists had in common a description of rent and interest as something that a truly free market would get rid of. From Adam Smith and John Stuart Mill down to Marx and the socialists, a free market was one that was free of a parasitic overclass that got income without doing work. They got money by purely exploitative means, by charging rent that doesn’t really have to be paid; by charging interest; by charging monopoly rent for basic infrastructure services and public utilities that a well-organized government should provide freely to people instead of letting monopolists put up toll booths on roads and for technology and patent rights simply to extract wealth. The focus of economics until World War I was the contrast between production and extraction.

[dlowilly]

The 1% richest folk own 40% of total household income.

There will be another recession in the next year, or 2020 at most. How much you wanna bet Trump sees it coming and 1) shorts stocks or does something to capitalize on it like warning his buddies and 2) resigns blaming the Dems so he isn’t holding the bag when it does collapse.

The market has gone up way too long without a correction. (And yes I’m talking all the way back through Obama and into Trump) Things are going to get really bad especially when that 1% wants to hold on to their cash. Will be interesting to see how many leave the US altogether or if some states start offering loopholes for them to run businesses out of if progressive taxes ever kick in. I live in a Chicago and they’ve been kicking the idea around.

Say what you want about taxes, but things are just getting worse for the lower class. So the markets might be up, but I’m not sure I’d say the economy is doing well when 1% controls half of it. What could go wrong??

Another words, actual bad things aren't happening so predict they will happen

[dlowilly]

Libtards simply cannot grasp that our economy is not a zero sum game

Rich people having more money doesn't = poor people have to have less money.

And once again, you never hear these libtards criticizing the wealth inequality between Lebron and a G league bench warmer even though professional basketball pay actually is a zero sum game. Bizarre

[Fight4Freedom]

A lot of liberals need to remember about 150 years ago when a worker was given free room and board... that was good enough.

[dante1]

Yeah, this type of class warfare/income quintiles crap never tells the full story. Yes, the top 20% is moving away from the bottom 20%, or in other words, more experienced workers in their 50s - 60s are getting more income gains than their children/grandchildren in their teens and early 20s. Those kids will get those gains as they gain experience, but for now they're just paying their dues.

it encompasses way more than that josh. what are the figures for the top 5% of the wealthiest vs the rest of the 95%? I don't have those figures available at the tip of my fingers but I would wager those numbers are obscene. If what you said in the above paragraph is the entire story I would agree with you, I think it is much much worse.

[dante1]

A lot of liberals need to remember about 150 years ago when a worker was given free room and board... that was good enough.

yeah crazy person, but because of progressive legislation that is no longer good enough.


hey, tell us, what did your pastor sermon you guys about yesterday. was it perchance love the sinner and hate the sin, or forgiveness for all who ask, or we are all children of god, or maybe hate all the Catholics and blacks.

[dante1]

Libtards simply cannot grasp that our economy is not a zero sum game

Rich people having more money doesn't = poor people have to have less money.

And once again, you never hear these libtards criticizing the wealth inequality between Lebron and a G league bench warmer even though professional basketball pay actually is a zero sum game. Bizarre

unfortunately because of limited resources, and because of unlimited wants vs limited resources, it is a zero sum game. there is only so much of the pie and if one eats 7/8 there is only 1/8 left for everybody else. learn some econ.

[dante1]

and growing the pie would absolutely work if those fractions I listed above changed for the better, but they don't, in fact they get even worse.

[keely85]

Willy I ain’t saying it’s all the rich folk fault for having successful businesses. I think capitalism is necessary to effective economies. But at a certain point we should worry that low wealth for the bottom half doesn’t become low wealth for the bottom 75%. Like I said before, automation will see to a massive spike in unemployment over the next 25-50 years. There won’t be new jobs opening up for careers, just tiertiary service positions.

So yes I do think it’s alarming that so much wealth is tied up in a small amount of people bc say they leave the country, then everyone is prob ******. This worries me greatly even on a 250k household income.

[dante1]

A lot of liberals need to remember about 150 years ago when a worker was given free room and board... that was good enough.

this is almost identical to the what the crazies claim well...you know the black slaves really didn't have it that bad, I mean they got free room and board, they got all their medical needs met, and we even buried them and let them pray. yeah, it was a pretty good life, you think I am being facetious here, oh no some crazy bastards like fight here actually believe shit like that.

[dante1]

Willy I ain’t saying it’s all the rich folk fault for having successful businesses. I think capitalism is necessary to effective economies. But at a certain point we should worry that low wealth for the bottom half doesn’t become low wealth for the bottom 75%. Like I said before, automation will see to a massive spike in unemployment over the next 25-50 years. There won’t be new jobs opening up for careers, just tiertiary service positions.

So yes I do think it’s alarming that so much wealth is tied up in a small amount of people bc say they leave the country, then everyone is prob ******. This worries me greatly even on a 250k household income.

exactly, common sense. I too believe in capitalism it is the only proven economic system, but it needs to be watched and most of the time a fair amount of socialism improves it greatly. some of the happiest people live in a socialist/capitalistic democracy or a republic.


Capitalism in a dictatorship is eventually bound to fail, we need a common sense mix of mostly capitalism in a democracy/republic. that is the Goldilocks experience in economic and political terms.

[dante1]

throughout the history of mankind, it is almost always proven that any extreme is usually wrong or will be wrong someday. moderation like the greeks claim in everything, almost everything.


I would not like to see the D's in complete control for a long time, they will become just as bad as the R's, well almost as bad. both parties need to moderate some, especially the crazy party, they have wandered off the reservation and call people who speak about socialism far leftist. they don't know what a far leftist truly is.

[dante1]

and you know what else I think we really need. I think we need some type of legislation that says legislators must stay and debate until a particular problem is solved and a meeting of the minds via compromise results. If not, then a group of these legislators must meet, find a compromise and bring it to the rest for voting. We have something like that now, but it must be something with more of a bite, something like the best last offer used in wage/labor negotiations.


listen a democratic/republic is great, absolutely the best but one of the huge problems is stagnation because of hard-headed legislators, a way around that should be available. I think it would work, or at least has a chance. If not the above some form of the above where actual people vote on these types of issues.

[Fight4Freedom]

This is the problem... you dems talk about more regulation and more government. This whole fukkin board needs to look at things for what they are and not what the media wants you to believe. The brown and black scourge account for 63.4% of all welfare in this country. Yet, we live in a great economic climate. Women gripe and complain about wage inequality... if liberals would spend as much time working as they do complaining or coming up with reasons or plans for more regulation they would likely be set for multiple lifetimes. A liberal is like a little kid that doesn't get their way so they call on to momma to help... get a fukkin job!

[dante1]

Lmao read a book?? Try going into an interview with a list of books you’ve read. I’m sure they’ll throw multiple offers at you.

like myslef and a bunch of others we must learn that you cannot, you absolutely cannot debate with crazy. we have no chance, debating with a crazy person is much like debating with a rock. you will never find a meeting of the minds because there is only one mind in the conversation.

I truly enjoy debating with the few conservatives that have a clue, this Josh guy is one. you can communicate with him and maybe a half dozen others. they understand logic most of the time, however, don't get them angry, then they lose all sense of balance. when I am dealing with this idiot and dwightie/brooks I mostly ridicule. they understand nothing but ridicule.

[dante1]

This is the problem... you dems talk about more regulation and more government. This whole fukkin board needs to look at things for what they are and not what the media wants you to believe. The brown and black scourge account for 63.4% of all welfare in this country. Yet, we live in a great economic climate. Women gripe and complain about wage inequality... if liberals would spend as much time working as they do complaining or coming up with reasons or plans for more regulation they would likely be set for multiple lifetimes. A liberal is like a little kid that doesn't get their way so they call on to momma to help... get a fukkin job!

I am a left-leaning individual and like many of the same I have never received a government transfer payment, I have not received one dime in my entire life for unemployment.


the problem with you along with your stupidity is your ignorance (there is a difference) and your definition of words, some of which you have not one clue.

and you didn't tell us about Sunday's sermon, I would like to know. or were you dreaming about making a fool of yourself on SBR the next day and didn't listen to the sermon.

[guitarjosh]

it encompasses way more than that josh. what are the figures for the top 5% of the wealthiest vs the rest of the 95%? I don't have those figures available at the tip of my fingers but I would wager those numbers are obscene. If what you said in the above paragraph is the entire story I would agree with you, I think it is much much worse.

Even what you're saying doesn't tell the full story. Someone might be in the top 5% this year and then fall out next year. You're comparing statistical categories YOY and not following individual people over multiple years.

[dante1]

Even what you're saying doesn't tell the full story. Someone might be in the top 5% this year and then fall out next year. You're comparing statistical categories YOY and not following individual people over multiple years.

fair enough.

but when an individual reaches the top 1 or 2% they rarely if ever lose that position. they have so much money that it is nearly impossible for them to lose it unless something catastrophic happens like a great depression. the very top Josh stay at the very top, big money names of the past are still big money names today. these people have so much cash and so many assets that even when they die through guilt probably they make huge donations to charity and thank god for them.


Look at these families that are donating 99% of their money to charities much like Bill Gates, they are swimming with money, they can't give it all away.

[dante1]

this mans personal fortune is equivalent to what percent of all Americans combined. It is almost obscene. One cannot count to a billion in a lifetime, and he has 90 of them.


sorry that was supposed to be an article on B Gates, I will try again.

[dante1]

https://www.businessinsider.com/bill-gates-reveals-why-hes-giving-away-his-90-billion-fortune-2018-2

[dante1]

sorry again it will take you nearly 33 years to count to a billion if you counted one number every second of every day. which is impossible. so if you counted 8 hours a day for 99 years you would reach one billion on your 100th birthday. Blll gates has 90 of those billions. Imagine that?

[guitarjosh]

fair enough.

but when an individual reaches the top 1 or 2% they rarely if ever lose that position. they have so much money that it is nearly impossible for them to lose it unless something catastrophic happens like a great depression. the very top Josh stay at the very top, big money names of the past are still big money names today. these people have so much cash and so many assets that even when they die through guilt probably they make huge donations to charity and thank god for them.


Look at these families that are donating 99% of their money to charities much like Bill Gates, they are swimming with money, they can't give it all away.

Actually that's false as well, a lot of people move in & out of the top 1% due to things like one time inheritance or sale of something. Again, if you factor in age/experience in the workforce with one time anomalies, most of this income inequality is just a bunch of made up crap.

Bill Gates' worth is tied up in owning one of the largest companies in the world, which derives a great amount of value from the fact that Gates owns it.

[dante1]

Actually that's false as well, a lot of people move in & out of the top 1% due to things like one time inheritance or sale of something. Again, if you factor in age/experience in the workforce with one time anomalies, most of this income inequality is just a bunch of made up crap.

Bill Gates' worth is tied up in owning one of the largest companies in the world, which derives a great amount of value from the fact that Gates owns it.

I don't think so josh, but I could be wrong. we are talking about the 1% now right. I doubt if that happens unless it is an anomaly. but I am curious and always open to new info, I would like to see it.

and so what if it is tied up, that is irrelevant to the argument. the fact of the matter is if and when he can liquidate (which I know wouldn't happen) he is worth is 90 billion. everything else is irrelevant.

[dante1]

and josh try telling the millions of Americans that are food poor that income equality is a bunch of BS.

[dante1]

https://hungerandhealth.feedingamerica.org/understand-food-insecurity/

convince the 12.5% of food poor Americans that income inequality doesn't exist. the richest country in the world watches 12.5% of Americans go to bed hungry every night. If these people have children the only decent meal they get might be breakfast at school or maybe even lunch

you mean to tell me 12.5% of our people are lazy and don't want to work, especially now when unemployment is incredibly low. it doesn't make sense to me josh.

[d2bets]

Actually that's false as well, a lot of people move in & out of the top 1% due to things like one time inheritance or sale of something. Again, if you factor in age/experience in the workforce with one time anomalies, most of this income inequality is just a bunch of made up crap.

Bill Gates' worth is tied up in owning one of the largest companies in the world, which derives a great amount of value from the fact that Gates owns it.

Are you talking about income or wealth? Inheritance (except from a tax-deferred account i.e. IRA) is not considered income.

[guitarjosh]

I don't think so josh, but I could be wrong. we are talking about the 1% now right. I doubt if that happens unless it is an anomaly. but I am curious and always open to new info, I would like to see it.

and so what if it is tied up, that is irrelevant to the argument. the fact of the matter is if and when he can liquidate (which I know wouldn't happen) he is worth is 90 billion. everything else is irrelevant.

Yes, people move in & out of the top 1%. If someone dies and leaves me 1 million, I'm in the top 1% for this year, but not next year.

Bill Gates won't have 90 billion in his bank account, if he indicates he is selling his stake in Microsoft, the stock value would plummet.

https://hungerandhealth.feedingameri...od-insecurity/

convince the 12.5% of food poor Americans that income inequality doesn't exist. the richest country in the world watches 12.5% of Americans go to bed hungry every night. If these people have children the only decent meal they get might be breakfast at school or maybe even lunch

you mean to tell me 12.5% of our people are lazy and don't want to work, especially now when unemployment is incredibly low. it doesn't make sense to me josh.

This last paragraph is just straw man from beginning to end. I never said there is no income inequality, your article never says 12.5% of all Americans go to bed hungry every night, I never said 12.5% of Americans are lazy and don't want to work.