Inequality is going to be the new Global Warming.

Discussion in 'Silver' started by Bobby Woodlawn, Jan 21, 2014.

  1. Bobby Woodlawn

    Bobby Woodlawn New Member

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  2. Old Codger

    Old Codger Active Member Silver Stacker

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    "Equality"?, there is no such thing, and never will be.

    Take every dollar off the 85, and the bottom half will be lucky to get a $100 note - ONCE! I suggest we all sell our houses (and silver) and send the money to Africa.

    OC
     
  3. dccpa

    dccpa Active Member

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    I agree that class warfare is going to be the Democratic agenda in the US 2014 Congressional elections. They are starting with minimum wage as the issue and will build around that into class warfare.

    Lines from I'd Love To Change The World by Ten Years After

    "Tax the rich, feed the poor
    Till there are no rich no more"

    The effect on pms, probably none. But this mid term election has the possibility of being the ugliest in a long, long, time.
     
  4. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    It won't be the new Global Warming. Inequality is actually real.
     
  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    http://www.theguardian.com/world/ng...british-virgin-islands-wealth-offshore-havens

    Yes this is the new issue and there will be revolutions and unrest as it becomes more widely known and starvation arrives through environmental abuse.
    You can't have 85 people owning as much as the poorest 3 billion people without repercussions. The disparity of wealth in the world is truly obscene.
     
  6. dccpa

    dccpa Active Member

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    There is nothing inherently wrong with wealth inequality. In fact, inequality is necessary for society to function. The day we achieve wealth equality is the day civilization as we know it starts to end. A heart surgeon, who trains for years, is not going to work for the same wages as a burger flipper. But the only way to maintain wealth equality is to maintain wage equality. Of course, we won't have jobs as there won't be anyone with the capital to fund a business thanks to wealth equality.

    The more important question is how much inequality is optimal for society.

    Should a burger flipper be paid enough to support a family of four? If a society decides the answer is yes, increase the minimum wage which will take from the middle class and reduce employment. Or increase taxes which will slow the economy and reduce employment. Pick your poison.

    Same for permanent welfare recipients who are not handicapped in some way. Want them to have income or wealth equality, someone else is going to have to give up some of their income/wealth. The rich will mitigate the effect on themselves, so that leaves the middle class to bear the burden. People need to be careful what they wish for. Want equality, go to Cuba. Just don't expect to be able to get an aspirin. Of course, even Cuba has learned that inequality (ie capitalism) is necessary for the economy to grow. Soak the rich has been tried before and the result is that everyone loses.

    Equality only means that everything goes down to the lowest common denominator.
     
  7. Old Codger

    Old Codger Active Member Silver Stacker

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    USSR, 1917 to 1990.
     
  8. serial

    serial Well-Known Member Silver Stacker

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    so I take it that no one here has read animal farm?
     
  9. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Is that by the same guy who wrote 1984?
     
  10. fields

    fields Member

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    Although there is an imbalance, I'm unsure how this affects the world's poorest more than a given spread of wealth given that 99.9999999% of people are not in the 85 elite and are percentage wise still very imbalanced but still live their lives.

    If there were imbalances and the top 30% owned most of the wealth, the poor would still be poor.
     
  11. Old Codger

    Old Codger Active Member Silver Stacker

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    "four legs GOOOOOD, 2 legs BAAAAAAD"
     
  12. serial

    serial Well-Known Member Silver Stacker

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    lol yeh that's the one.
    the point of me referencing that movie is even if you suddenly make everyone equal, within a short period of time there will be the have's and have nots again and the haves will change the rules to suit themselves.
    it is just the way of the world and you will never change it, you can only live with it by helping your fellow man and learning to live a good life no matter what you have.
    I know I am not the top 5% but I am happy, content and love my family. that's enough for me
     
  13. Old Codger

    Old Codger Active Member Silver Stacker

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    I can still remember asking my parents to get me a copy of '1984' when it first came out in Australia.

    I think about a year after the UK, maybe 1949 or 1950, and I was about 10 years old.

    It scared the hell out of me.


    OC
     
  14. fields

    fields Member

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    all animals are equal - some are just more equal than the others :)
     
  15. Old Codger

    Old Codger Active Member Silver Stacker

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    Spoken like a true socialist.
     
  16. JulieW

    JulieW Well-Known Member Silver Stacker

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    What we privileged people in Australia fail to realise is that we are among the richest in the world and we don't even understand what poverty is, let alone experience it.
     
  17. Old Codger

    Old Codger Active Member Silver Stacker

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    "we don't even understand what poverty is, let alone experience it."


    We will!


    OC
     
  18. DanielM

    DanielM Active Member Silver Stacker

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    You do math bad, $1.7t/3b people is $566.66
     
  19. Old Codger

    Old Codger Active Member Silver Stacker

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    Who gives a stuff?

    You miss my point entirely.

    OC
     

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