Home > Uncategorized > American wealth inequality is officially grotesque
If you haven’t see the brief video below about the stunning wealth and income inequality that now afflicts the United States, it’s worth six minutes of your time.
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And this is different from any other random point in the history of mankind how? There has never been or will be true income equality. We see how that experiment worked in the USSR.
The fact is, there will always be some kind of differentiator….mostly hard work and intelligence, but some contributor of luck in some cases….that will allow some to make more than others. Every society has dealt with it and no matter what it will never be enough. For the most part we in the US have dealt with it in a generous fashion, compare to the less fortunate in any other country and things like Obama phones and free food are rarely on the list of things that are handed out.
I’ve been saying for the last 4 years that under Obama the rich have gotten richer , the poor have gotten poorer, and the remaining middle class is just treading water. His cheap money and the devaluation of the dollar has made wealthy investors even richer, and in turn run prices up for all of the rest of us. The savings that seniors have accumulated for years is now worth almost nothing, and largely sits in banks doing nothing for the economy. The megabanks are content to use the fed money to generate profits, and care nothing about loaning the funds to individuals. It’s a recipe for complete economic failure and no one wants to say it for some reason.
Not Rob, Chris, Sarah or Greg have any understanding of poverty. Greg only rises to the wind if you mention Josh Stein. Why is that? Did he lie to Elizabeth Edards about the activites of John Edwards and did she fired him?Just for the record, I am sure Blueprint will know.
As always Alex the troll is wrong. Income inequality began to explode in from 1980 to 2007, from 1966 to 1979 it remained constant. The reason it continues grow now is that while the wealthy have recovered nicely from the great recession, the rest of us have not. CEO pay has risen 127 times faster than the average worker over the last 30 years. The recipe for disaster was supply side voodoo the Repugs sold us in 1980 and it’s been down hill ever since. Allen Greenspan and the GOP did more damage to us than any enemy ever could.
Doug, troll faux news for some new talking points, those are getting stale. If you really want to understand how we got hear read “Liar’s Poker” and the “The Big Short”, both pretty much outline how GOPer lobbyists, banks, and Republicans conspired to blow up the economy out of greed.
Frances either get some help, get some medication, or just shut up, your vacuous statements are a waste of space. “Moonshine, Why is there air? Blueprint, Blah,blah,blah.”
As usual, david is in his time machine again all the way back to the 1960′s without a clue as to what’s going on now. January was the largest drop in income for the last 20 years, and more people fall into poverty every day in this country. Many of our larger cities are going bankrupt, and poor old david is clueless about the cause.As they often say, ignorance is bliss.
More people have been added to the poverty rolls under Obama that ever before. That is more change we can look forward to in the future.
You are exactly right. All this cash that has been pumped into the system has definitely not made it down to the middle class in the past four years. And look at how the Obamaites ignored the payroll tax increase that was at least as much as the hike on the “rich”.
Just wait until all the dollars that have been printed actually begin moving through the system, there will be massive inflation that is going to destroy a lot of what the middle class has built. The typical person does not see that is the goal of the Socialists to bring a revolution. We only need to look back 100 years to see what a similar situation to now brought. Looks like we are doomed to repeat the past.
When are you going to bring in the Jews and other undesirables. Blaming it on the bankers is an old ploy of Facists and Socialists. Your retort just reinforces my point that those groups are up to their old tricks. Just look at the rise in the class warfare rhetoric going on. That is on Karl Marx’s list of revolutionary guidelines. Maybe you need to read up on history farther back than the 1960′s…but I guess it may be hazy to you to go back farther than that.
Just to prove my point on bankers:
Sorry to spam the post a bit, I cannot see a way to edit my past posts.
Overall a good video about the sheer inequality in this country. Two main comments about this video:
1) It should have said “income” rather than “wealth”, as these are two distinct concepts. This is more of a semantic issue.
2) He has a fundamental misunderstanding of what socialism is. It isn’t everyone having the same income, but rather just gives worker control over their workplace. (Imagine no middle-men in business.) He is confusing it with communism, which places the community (or government) in control over every aspect of society, including the workplace. One can actually be done, the other has not yet been proven to work.
You can argue all you want about whether it is moral or not, I just thought that should be cleared up.
Communists, fascists, and socialists, oh my. The right wing conspiracy nut jobs make good fodder for the GOP and apparently self deception is a valued Republican trait.
The greed of investment banks like Goldman Sachs and Bear Stearns, WallSt, along with AIG and their GOP lap dogs in congress are directly responsible for wrecking the economy. Deliberately selling toxic mortgaged backed securities and CDOs, the Gramm-Leach-Bliley Act, the housing bubble, and years of Supply-side debt financed growth, and fighting two wars on a credit card, ultimately to the global financial crisis.
First and foremost, Republicans and conservatives are the greatest threat to our country today.
So I guess david you don’t mind funding the government on a credit card, roughly 40 cents of every federal dollar. You are a very confused man !
Scoff if you will david, but socailism and Facisim had their roots in the same situations we have now. The main difference is that they have had 100 years to gradually take control of our government and the media. You should read up on history instead of scoffing at anything someone else says. One more point…where do you think all the socialists went after the Soviet Union collapsed? They did not just disappear from the face of the earth, they just changed their target.
Good point.all these libs seem to be fine with using the credit card now that their straw men of Bush….Iraq…..Halliburton etc. are gone.
I do mind Alex, but Republicans have never paid as they go. Instead of paying our bills through revenue, the cut revenue and continue to spend. That’s why the GOP has zero credibility on fiscal matters.
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