1% Gained 82% of 2017 Wealth Created

[Heraclius]

Well, when retirement is expected at minimum to cost around $500k per person, and only the top 1-2% of us have it... yeah, that's a problem.

We've just undertaken a quantum leap in human productivity and industry, and all of it has gone to a select few. That is not a sustainable system. Lampposts and guillotines are coming.

5% of American adults have a net worth of a million dollars or so.

Not sure how one can argue that only a tiny amount of the population, whether on a national or international level, have seen the benefits of the Industrial Revolution. They've been saying it wasn't a sustainable system since 1815. Maybe next century.

[DBTrek]

Just remember, even though 1 in 20 Americans is a millionaire *only* 1 or 2% can afford to retire.

Lulz

[SuburbanFarmer]

Well, when retirement is expected at minimum to cost around $500k per person, and only the top 1-2% of us have it... yeah, that's a problem.

We've just undertaken a quantum leap in human productivity and industry, and all of it has gone to a select few. That is not a sustainable system. Lampposts and guillotines are coming.

5% of American adults have a net worth of a million dollars or so.

Not sure how one can argue that only a tiny amount of the population, whether on a national or international level, have seen the benefits of the Industrial Revolution. They've been saying it wasn't a sustainable system since 1815. Maybe next century.

Everyone has seen some benefit - I'm not sure what kind of strawman that was supposed to be, or if you genuinely misunderstood me.

However, very few have seen the vast majority of 'benefit' of human advancement. Throwing cake crumbs to the mob will not dissuade your eventual execution, as Marie learned.

[SuburbanFarmer]

Just remember, even though 1 in 20 Americans is a millionaire *only* 1 or 2% can afford to retire.

Lulz

Without social security and medicaid checks, that is not entirely inaccurate.

[DBTrek]

Just remember, even though 1 in 20 Americans is a millionaire *only* 1 or 2% can afford to retire.

Lulz

Without social security and medicaid checks, that is not entirely inaccurate.

Aka in the non-reality world which I’ve created specifically to support my view, my statement is only partially inaccurate.

Highly compelling.

[Heraclius]

Well, when retirement is expected at minimum to cost around $500k per person, and only the top 1-2% of us have it... yeah, that's a problem.

We've just undertaken a quantum leap in human productivity and industry, and all of it has gone to a select few. That is not a sustainable system. Lampposts and guillotines are coming.

5% of American adults have a net worth of a million dollars or so.

Not sure how one can argue that only a tiny amount of the population, whether on a national or international level, have seen the benefits of the Industrial Revolution. They've been saying it wasn't a sustainable system since 1815. Maybe next century.

Everyone has seen some benefit - I'm not sure what kind of strawman that was supposed to be, or if you genuinely misunderstood me.

However, very few have seen the vast majority of 'benefit' of human advancement. Throwing cake crumbs to the mob will not dissuade your eventual execution, as Marie learned.

You moved your statement from "all" to "vast majority" so I'm not sure how I created a strawman. I responded precisely to what you wrote.

I still disagree that only a very few have seen the vast majority of the benefit of human advancement. What kind of data are you utilizing to draw this conclusion? I mean just look at the progress made in agricultural production alone. That in itself has led to a world that is far more fed than ever before.

https://ourworldindata.org/slides/hunge ... ta-in-1961
https://ourworldindata.org/slides/hunge ... ta-in-2013

Also what kind of crumbs did the French crown throw towards the people? Last I recall, they did the worst option of attempting to passively resist the revolt rather than either proactively suppressing or going along with it.

[Speaker to Animals]

Late 19th century Americans lived on a dollar per day, in today's dollars. If this were the 1890s, the "poor" would literally be living on $1 per day in today's dollars.

You most certainly receive more than scraps.

[SuburbanFarmer]

Late 19th century Americans lived on a dollar per day, in today's dollars. If this were the 1890s, the "poor" would literally be living on $1 per day in today's dollars.

You most certainly receive more than scraps.

That is not "in today's dollars". Not even remotely close.

[Heraclius]

Late 19th century Americans lived on a dollar per day, in today's dollars. If this were the 1890s, the "poor" would literally be living on $1 per day in today's dollars.

You most certainly receive more than scraps.

That is not "in today's dollars". Not even remotely close.

https://babel.hathitrust.org/cgi/pt?id= ... up;seq=164

Actually it's pretty interesting to see how high California's wages were compared to the rest of the US during the 1850s. Wouldn't expect Texas/California to have Northeast-tier salaries at this point.

[SuburbanFarmer]

5% of American adults have a net worth of a million dollars or so.

Not sure how one can argue that only a tiny amount of the population, whether on a national or international level, have seen the benefits of the Industrial Revolution. They've been saying it wasn't a sustainable system since 1815. Maybe next century.

Everyone has seen some benefit - I'm not sure what kind of strawman that was supposed to be, or if you genuinely misunderstood me.

However, very few have seen the vast majority of 'benefit' of human advancement. Throwing cake crumbs to the mob will not dissuade your eventual execution, as Marie learned.

You moved your statement from "all" to "vast majority" so I'm not sure how I created a strawman. I responded precisely to what you wrote.

A strong whiff of autism..

You're a very smart poster, this is beneath you.

I still disagree that only a very few have seen the vast majority of the benefit of human advancement. What kind of data are you utilizing to draw this conclusion? I mean just look at the progress made in agricultural production alone. That in itself has led to a world that is far more fed than ever before.

https://ourworldindata.org/slides/hunge ... ta-in-1961
https://ourworldindata.org/slides/hunge ... ta-in-2013

Yes, we have food. That is a thing that has happened.

Also what kind of crumbs did the French crown throw towards the people? Last I recall, they did the worst option of attempting to passively resist the revolt rather than either proactively suppressing or going along with it.

Again, not to be taken literally. Was referring to the famous "let them eat cake" quote from Marie Antoinette.