Income Inequality

[Alexander PhiAlipson]

Everybody is equal in Soviet breadline!

Two can play at that! It does not matter why nobody has money. The results are the same. Nowadays, the 99% are getting poorer while the 1% are sucking up all the money. BTW, the Great Depression occurred right after the last great peak of wealth inequality.

Equality of misery: proof the Nazis were socialists: Souplines!

[TheReal_ND]

They kind of gave it away when they named their party National Socialists...

[Speaker to Animals]

If they weren't such autists, they might have gotten away with it.

[Okeefenokee]

I love how boomers talk about getting through college washing dishes or buying their house by mowing yards.

[SilverEagle]

Quality of life increases due to technical advancements is their main justification for the rape of the middle and lower classes. Oh but poor people can watch World Cup matches on TV so it's all good! The poor are just like the rich because they can see a World Cup match! That podcast was total crap! We (as a society) have been bought off by gadgets, gizmos, and told by the elites to STFU.

In 1965 the CEO to average worker pay ratio was 65 to 1. It's now 300 to 1. That's all you really need to know about income inequality.

You take a lot for granted. How many generations back do you have to go to find direct ancestors without electricity, clean water, transportation, access to information, &c? Do you think the state drew a line from that generation to your spoiled-brat ass? Or was there some other mysterious factor in play?

Fifty years ago, if you had any real work ethic, and small bit of luck, you could find a job that would ultimately paid for the wife, the 2.5 kids, the dog, and the house with the yard. Even as a laborer, you could support yourself, and just maybe raise a family. There was a very healthy manufacturing industry, and the colleges were almost free, especially in states like California, if you wanted to go white collar. You could easily make a case that if somebody was unsuccessful, they were lazy.

Can you say that now? Most of the country below the top 10% is at best treading water, and more often slowly drowning. The country is wealthier than even. Indeed the wealth growth is faster than the population growth, but almost all of the increase in wealth has gone to the top 10%, since about 1970, and lately to the top 1% only.

So when the top 1% have everything, because as wealth attracts wealth like a black hole does light, they will have all the money, what happens then? When the average person knows that no matter how hard they try they're screwed, and that extra true for their family, they start thinking revolution.

That is why many are harping on income inequality.

BINGO!

[Okeefenokee]

Income inequality is the result of people not taking advantage of opportunity equality. Stop squawking about revolution and get to work.

[The Conservative]

Income inequality is the result of people not taking advantage of opportunity equality. Stop squawking about revolution and get to work.

Bingo!

[TheOneX]

Income inequality is the result of people not taking advantage of opportunity equality. Stop squawking about revolution and get to work.

More or less, I don't think there is perfect opportunity equality, but there is a sufficient amount that anyone willing to put in the work can improve their situation significantly giving their offspring greater opportunity than they had.

[TheReal_ND]

I too can be part of the .0001% that controls half the world's wealth and banking interests. Jesus told me so. *buys the dip*

[Martin Hash]

Definitely some unchallenged indoctrination going on in this thread.