Can the growing trend of accumulation of more and more wealth into the hands...

L

LesS1

New member
Joined
Jul 4, 2008
Messages
7
Reaction score
0
Points
1
...of the elite can be sustained? Since 1970, the rich have become much richer, with the top 1% becoming extremely rich, while the lower 80% of Americans actually have had their NET wealth decrease.

Is the path of feeding wealth to the rich a sustainable path for shared prosperity, or is it unsustainable and will lead to economic collapse?
http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph

http://www.demos.org/inequality/numbers.cfm

Skyhawk:

That is right, the government on all levels consumes 25% of the economy, but it also provides over 30% of the economy, through military spending, infrastructure spending, spending on employee payrolls, spending on subsidies and projects, and spending on health and human services. The government spends more on us than we pay into it. So yes, you are right, but I am too.
 
Actually, only in the last 100 years has the wealth spread widely to the middle class. For thousands of years wealth was centered by a very very few. That is the history of the world.
 
As long as the country has food and maintains basic services, there will be no revolution
 
Whenever I hear people complain about the rich, I wonder what they learn from the rich.

If you would get off your butt, study, work, save, invest, stay out trouble, don't have kids out of wedlock, don't do drugs, pay your bills, buy a home . . . you'd be rich too.

Everybody can be a millionaire if they focus on themselves instead of worrying about the other guy's success.
 
The center cannot hold when there is no center. So no it cannot.

Republicans see the world as driven not by comparative standards within a nation, but by human development standards as compared to the world. The poor here live better than most of the world, and that is acceptable to the GOP even if there is a gap between rich and poor.

People do not judge by that criteria though, they judge by relative success compared to their neighbors; eventually the people will vote for a social democracy to address the imbalance, it'll take several decades though.
 
As long as the country has food and maintains basic services, there will be no revolution
 
Whenever I hear people complain about the rich, I wonder what they learn from the rich.

If you would get off your butt, study, work, save, invest, stay out trouble, don't have kids out of wedlock, don't do drugs, pay your bills, buy a home . . . you'd be rich too.

Everybody can be a millionaire if they focus on themselves instead of worrying about the other guy's success.
 
I wonder just how much of this "wealth transfer" can be attributed to the hundreds of billions paid out to sports and Hollywood stars. It is the poor and middle class who so willingly contribute to these outrageous payouts, giving them no grounds for complaint.
A fool and his money are soon parted.
 
Back
Top