Wealth Inequality in America

Discussion in 'Markets & Economies' started by rbaggio, Mar 4, 2013.

  1. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,300
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    [youtube]http://www.youtube.com/watch?v=QPKKQnijnsM[/youtube]

    src: http://www.news.com.au/business/wor...ns/story-e6frfm9r-1226589884653#ixzz2MYmnCDhb

    I'm no socialist, but it interesting how perception differs from reality in this instance.
     
  2. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

    Joined:
    Oct 30, 2009
    Messages:
    6,278
    Likes Received:
    186
    Trophy Points:
    83
    Location:
    Sydney
    I'm called a socialist on here for going a step further than just finding it interesting and actually suggesting people do something about changing it.

    I find that interesting.
     
  3. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    No, you're called a lot of things for constantly supporting of idiotic government policies.
     
  4. Dogmatix

    Dogmatix Active Member

    Joined:
    Jun 22, 2011
    Messages:
    1,730
    Likes Received:
    14
    Trophy Points:
    38
    Location:
    Gaul (Australia)
    It's an interesting video.

    I was surprised this kind of thing was in the MSM (namely news.com.au), but of course the comments section let me down good and proper with at least half the comments bordering on retardation.
     
  5. Phiber

    Phiber Well-Known Member Silver Stacker

    Joined:
    Nov 21, 2012
    Messages:
    1,595
    Likes Received:
    31
    Trophy Points:
    48
    Location:
    Australia
    Interesting video, and quite scary too...i don'y know how long this can go on for..
     
  6. DanielM

    DanielM Active Member Silver Stacker

    Joined:
    Oct 23, 2012
    Messages:
    2,889
    Likes Received:
    29
    Trophy Points:
    38
    Location:
    Melbourne
    untill the top 1% has +1,000% and the bottom 99% has -900% or SOMETHING changes
     
  7. hawkeye

    hawkeye New Member Silver Stacker

    Joined:
    Nov 10, 2010
    Messages:
    2,929
    Likes Received:
    4
    Trophy Points:
    0
    Location:
    Perth, Australia
    The inevitable result of constant compounding inflation. The rich cope with and use it to expand their wealth. The poor don't get that opportunity.

    Until the fundamentals flaws are addressed in the measure of wealth, the money and banking system, it will continue. Politics is just window dressing. All the attempted wealth redistribution policies are just basically addressing the symptoms and not the disease. Like putting a band-aid on a broken bone. Or going to the doctor with appendicitis and being sent home with some painkillers.

    The structure of corporations and the welfare they get from the state is another big part of the equation.

    And another huge part is the military-industrial machine which chews up largely the poorer classes and converts their blood and bones to cash for the insiders.

    The US system is so corrupt that the govt going bankrupt is the only solution. Liquidate it and start fresh.
     
  8. XB

    XB Active Member Silver Stacker

    Joined:
    Mar 12, 2011
    Messages:
    2,058
    Likes Received:
    5
    Trophy Points:
    38
    Location:
    Brisbane
    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." - Thomas Jefferson
     
  9. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    If they have no bread then let them eat cake.

    and you know what happened last time.
     
  10. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    http://sanfrancisco.cbslocal.com/20...-they-lose-faith-in-opd/#.UTAyHnKsU2I.twitter

    Watch the video for some real eye opening news.


    Oakland is the other side of the San Francisco Bridge.
     
  11. Aengrod

    Aengrod Member

    Joined:
    Jan 23, 2011
    Messages:
    877
    Likes Received:
    1
    Trophy Points:
    16
    Location:
    Thingamajigland [Europe]


    "Shame that those patriots are usually working class sons and daughters" - Aengrod
     
  12. southerncross

    southerncross Well-Known Member Silver Stacker

    Joined:
    Jul 26, 2012
    Messages:
    3,686
    Likes Received:
    365
    Trophy Points:
    83
    Location:
    All in your mind
    It's a self perpetuating problem that starts with whiners saying they want or need what that person has but are either unwilling or unable to produce it for themselves and who then in turn seek out others to obtain it for them at no cost to themselves, or so they think. There are those out there who are only to willing to assume the mantle of power under the guise of "fairness" or an equal playing field for all, except that is not how it turns out.

    http://bastiat.org/en/government.html
     
  13. southerncross

    southerncross Well-Known Member Silver Stacker

    Joined:
    Jul 26, 2012
    Messages:
    3,686
    Likes Received:
    365
    Trophy Points:
    83
    Location:
    All in your mind
    What other patriots are there ?
     
  14. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    ''War is a bayonet with a worker at each end"
    - someone.
     
  15. Aengrod

    Aengrod Member

    Joined:
    Jan 23, 2011
    Messages:
    877
    Likes Received:
    1
    Trophy Points:
    16
    Location:
    Thingamajigland [Europe]

    None.
     

Share This Page