[Discussion] What is your opinion about the gap between the 1%?

Yubel

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You get out what you put in. Nothing is better than that. By all means head to North Korea or Cuba and tell me what you think
The middle-class are what drive the economy, you can't have a too big of a gap because that means less circulation of money, creating a recession. In both 1928 and 2008, there were a concentration of wealth at the very top which was responsible for the great depression and the housing boom in 2008.

That also means by design that only a small minority have the opportunity of obtaining wealth.
 
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FreakensteinAG

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And while I'm at it, here's a great video showing how everybody, Democrats, Independents, and Republicans, want the inequality to shift to being more equal:
[video=youtube;vttbhl_kDoo]https://www.youtube.com/watch?v=vttbhl_kDoo[/video]
 
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slimreaper

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The middle-class are what drive the economy, you can't have a too big of a gap because that means less circulation of money, creating a recession. In both 1928 and 2008, there were a concentration of wealth at the very top which was responsible for the great depression and the housing boom in 2008.

That also means by design that only a small minority have the opportunity of obtaining wealth.
The bold is simply not true. That's not what happened at all.


Was it wealth in the hands of the rich that caused banking de-regulation that ended in subprime loans?



Only a small minority have an opportunity of obtaining wealth? Change your definition of wealth. Any American can save enough money in their lives to start a business.

Without millionaires we have no private investment in job creation. How did that work out for Russia? North Korea? Cuba?

It only worked in China in the last 20 years because they introduced private business ownership into their communist model
 

Rainbow Dash

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You get out what you put in. Nothing is better than that. By all means head to North Korea or Cuba and tell me what you think
You sound like a conformist. The government caters to corporations while trying to screw them with extremely high corporate tax rates, and believing they should tax imported income that has already been taxed in the country where the money was made. This only forces companies to send jobs to other countries and keeping the money there.

Then they increase the minimum wage by a lot of dollars which, again, forces companies to send jobs to places like Mexico.

We have idiots running a country and the 1% controlling them.

This is only the tip of the ice berg of what's so wrong with the US. So I hope you don't really think that the system is fine.
 

Lightbringer

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it's simple then. You invest your money wisely and work hard. It's not a secret. OR become an athlete or famous person

The better question is why do people feel entitled to their money?
If it's so simple then why aren't you a millionaire?

Also most rich people inherit their money and business and just continue making more. They don't just start from scratch.

It's also a myth that working hard means that you're always going to be successful. You can be the hardest worker in the world and still be poor. You're a ****ing idiot.
 

slimreaper

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And while I'm at it, here's a great video showing how everybody, Democrats, Independents, and Republicans, want the inequality to shift to being more equal:
[video=youtube;vttbhl_kDoo]https://www.youtube.com/watch?v=vttbhl_kDoo[/video]
What a misleading video. The top 20% is painted as having more wealth than the bottom 80, but he isn't showing you what percentage of American's fall into each category. Why doesn't he mention the top 20% paying 84% of all income tax i wonder?
You sound like a conformist. The government caters to corporations while trying to screw them with extremely high corporate tax rates, and believing they should tax imported income that has already been taxed in the country where the money was made. This only forces companies to send jobs to other countries and keeping the money there.

Then they increase the minimum wage by a lot of dollars which, again, forces companies to send jobs to places like Mexico.


We have idiots running a country and the 1% controlling them.

This is only the tip of the ice berg of what's so wrong with the US. So I hope you don't really think that the system is fine.
I agree with all of this.

However what people need to understand is not everyone can be a millionaire. Just because this is true doesn't mean there needs to be no millionaires.
 

FreakensteinAG

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. But I highly doubt that the CEO works 300 times harder than the median worker.

 
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slimreaper

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If it's so simple then why aren't you a millionaire?

Also most rich people inherit their money and business and just continue making more. They don't just start from scratch.

It's also a myth that working hard means that you're always going to be successful. You can be the hardest worker in the world and still be poor. You're a ****ing idiot.
1. I don't have the self control to save my money and invest it properly granted i'm in my early 20's

2. Thats's the benefit of a family society. Family is the greatest incentive for success. Inheritance still has to be maintained to be passed on.

3. "successful" That's a blanket term. If you define success as living comfortably, then yes if you work hard your entire life and acquire some skills you will be successful.


Now if you work at Mcdonalds your whole life and have kids out of marriage then you won't be successful.
 
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Lightbringer

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1. I don't have the self control to save my money and invest it properly granted i'm in my early 20's

2. Thats's the benefit of a family society. Family is the greatest incentive for success. Inheritance still has to be maintained to be passed on.

3. "successful" That's a blanket term. If you define success as living comfortably, then yes if you work hard your entire life and acquire some skills you will be successful.


Now if you work at Mcdonalds your whole life and have kids out of marriage then you won't be successful.
1. So you're a hypocrite

2. When you own a major corporation or own stock, all you do is just sit around and gain interest. You pay others to continue making the business lucrative.

3. That's still not true. There are hard workers who still don't live comfortably.
 

VongolaLegacy

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The capitalism is the true engine behind the human technological development.
Every important invention was made in a more or less liberal market economy.
All hail the capitalism, death to socialism.
 

slimreaper

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1. So you're a hypocrite

2. When you own a major corporation or own stock, all you do is just sit around and gain interest. You pay others to continue making the business lucrative.

3. That's still not true. There are hard workers who still don't live comfortably.
1. How many people are rich by their own investment at age 23? I have an entire life time to build wealth

2. If you invest poorly you lose everything, It still need maintenance

3. Yes but they are young. There are no old people who've worked full time their whole lives and didn't move up in pay enough to live comfortably(unless they pissed it away with addiction or poor investment)
 

Lightbringer

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1. How many people are rich by their own investment at age 23? I have an entire life time to build wealth

2. If you invest poorly you lose everything, It still need maintenance

3. Yes but they are young. There are no old people who've worked full time their whole lives and didn't move up in pay enough to live comfortably(unless they pissed it away with addiction or poor investment)
1. It's called 1% for a reason. I guarantee you 100% that you won't be wealthy even after an entire lifetime passes.

2. Really? How did you fail to grasp what I said? I'm talking about inheriting stock and major businesses that have been lucrative in the past. You'll just continue to collect interest and earn money. There is no reason in investing in new stock.

3. Um....yes there are, that's where the majority lies. Lmao.
 

slimreaper

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1. It's called 1% for a reason. I guarantee you 100% that you won't be wealthy even after an entire lifetime passes.

2. Really? How did you fail to grasp what I said? I'm talking about inheriting stock and major businesses that have been lucrative in the past. You'll just continue to collect interest and earn money. There is no reason in investing in new stock.

3. Um....yes there are, that's where the majority lies. Lmao.
[video=youtube;Qi8clPrg7kc]https://www.youtube.com/watch?v=Qi8clPrg7kc[/video]
The 1% aren't a consistent class when will you learn? I guarantee i'll be in the top 20%, and in a year I sell my home i'll be in the top 5%

2. IF you don't invest in new stock then you burn through the money and leave nothing for your children, this is a family society

3. No the majority of people work and make a decent living and don't live pay check to pay check that is comfort. The people who do are either young, invest poorly, or made poor life decisions such as dropping out of school, having lots of children un married.
 

Lightbringer

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[video=youtube;Qi8clPrg7kc]https://www.youtube.com/watch?v=Qi8clPrg7kc[/video]
The 1% aren't a consistent class when will you learn? I guarantee i'll be in the top 20%, and in a year I sell my home i'll be in the top 5%

2. IF you don't invest in new stock then you burn through the money and leave nothing for your children, this is a family society

3. No the majority of people work and make a decent living and don't live pay check to pay check that is comfort. The people who do are either young, invest poorly, or made poor life decisions such as dropping out of school, having lots of children un married.

1. No you won't. And when did I say any class was consistent? Way to put words into my mouth.

2. What? That made absolutely no sense. If you own a huge percentage of stock of something like facebook or miscrosoft, you'll get paid interest which will amount to millions. Then you can sell your stock at a higher price if you ever decide to. You'll be earning money for the rest of your life without doing anything.

3. Do you know how stupid your comment is? Just reread it and try to grasp how ironic it is to your original point? You're basically omitting realistic factors in people's lives to justify your point which is wholly in itself absurd. Even with those factors out, there are still people who remain poor after going to college and working hard.
 

Yubel

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The bold is simply not true. That's not what happened at all.


Was it wealth in the hands of the rich that caused banking de-regulation that ended in subprime loans?



Only a small minority have an opportunity of obtaining wealth? Change your definition of wealth. Any American can save enough money in their lives to start a business.

Without millionaires we have no private investment in job creation. How did that work out for Russia? North Korea? Cuba?

It only worked in China in the last 20 years because they introduced private business ownership into their communist model
That is what happened. CEO's started paying themselves at the expense of their company and workers in the 90's which forced the masses to borrow money to maintain their standard of living. In both crashes, the wealth concentration were at a peak.
 

roark

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hm ... lol I have no picture on rich kids of instagram, because half of them are dumb and shallow people, but I think I am part of that 1%, since my family and full of money. My lifestyle? I do not work never will need, temporarily canceled my college, and I'm my beach house and later i'll go to a party. Even so, i'm trying to exams to a job, to ocuppy with something interesting, but eventually i feel really guilty with the probablity of "steal" the job oppportunity of someone who really need it.

I will tell my experience to you guys: I've lived half my life in a bubble, and I had a certain reality shock when I started studying in my private university. Eventually I found I had more money than most of those people. I was shocked because I didn't know that, I mean .... I've always knew I lived well, but I thought it was was upper-middle class and nothing more. That said, the girl who think "wow people spent 5,000 in shopping" have a same mindset. Not because she is dumb or evil necessarily. But it's her reality and she has no contact with other social circles, and the same can be said about lower class who will never dream how is about live in a luxury life. I was never so futile, but my mother spend that on the shopping buying her home applianes (yeah, she's a housewife, and spend her money on this shits), i just never cared fot that, but i had a lifestyle and can buy mostly anything I want.

Furthermore, within the "1%" has huge differences. It has big bourgeois and pettit bourgeois. So, for example, my parents are old money, and they are multi millionaires, but find themselves "poor" compared to other richer family than them. And if you ask them, they do not feel rich, just lucky. And no, they feel no guilty. I feel, and they call me dumb for feel like that. On the other hand, I know poor and middle class people who think they are rich, like to show off their travels, clothes to impress people, etc... but when I enter on their house, know their lifestyle, i'm shoked and sometimes want to laugh.

So.... my shock passed, i started to feel guilty to own all those things, and is hard to deal, because a lot of people approach you by interest, or just hate you because you have money. Period. So I joined a left-wing party, and turned communist militant. Here in Brazil the protests began, at the time of the World Cup, and it was my circle that was in the street. It's kind of hard because I would never be one of them, and they were trying to induce me to blame for everything i had, also despite theorizing, they lacked organization.

And if the situation became more serious, they had no military support - and this, my dear, are one of the main reasons that people "let" those things happen.


I fell out because it was a very tirsome circle, they did a very stupid critics as the car that I drove. What did they want? I started to ride a bus? On the other hand, I was the first to be chosen when there was need to give a ride for everyone in the party meetings in another state. And I had a stupid feminists who were judging everyone clothes and cryed because their boyfriends didn't liked them. I support feminism, but serious feminism. I suport the left, but they need to learn a lot of things.


Whats more? Is the lower class that supports the riches, not the middle class. The middle class want to be rich, but honestly, they'll never will be, because they live just of "illusions". They buy expensive things to appear they are rich, when at best they are into debt in their card. Who make the money circulate are people who have money, period. Things are done by the riches, us and return to us.

Yes, we live in a democracy, and who said democracy is a perfect and fair system? Democracy is the majority that wins, and since when it's fair? People elect guys like Donald Trump, who only cares about his interests. And that's democratic. That said, is good for me, but I don't agree with this system. Yes, i have empathy, but is ****ed up to see some middle class or poor guys who want to be richer saiyng shit and thinking themselves are so intelligent, when they understand nothing about economy.


Another problem that hinders the end of capitalism? It is global. Today is not only division of social classes, but the rich has empires in several countries. So fot to capitalism fail, the great nations need to go bankrupt.
 

Yubel

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The capitalism is the true engine behind the human technological development.
Every important invention was made in a more or less liberal market economy.
All hail the capitalism, death to socialism.
Capitalism is nothing but a waste machine crapping out the planet's resources. Thanks to a thing called planned obsolesence, you're always going to get a cheap quality product that will stop working after a period, forcing you to buy a slightly updated version of the same product. Have you ever wondered why products get weird or stops working altogether right after the insurance comes to a halt? It's not a coincidence. Also the richest are enjoying the full benefits of socialism, wake up you ****ing sheep.


Capitalism is actually holding back technological development for profits sake. It takes priority over health and sustainability. Why do you think we still have fossil fuels even if it's destroying our environment?
 
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FreakensteinAG

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I feel there are certain things which should not be part of capitalism and that the government should control to prevent actual harm to society and the environment. Healthcare, energy, prison, education, and police should all be Federal, to which the state and local governments should obey. Unless I missed something else, the rest is okay enough for the markets to play with.
 

roark

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I feel there are certain things which should not be part of capitalism and that the government should control to prevent actual harm to society and the environment. Healthcare, energy, prison, education, and police should all be Federal, to which the state and local governments should obey. Unless I missed something else, the rest is okay enough for the markets to play with.
and so you think the state controling those things, capitalism will benefit you???? will be ok? crumbs?
 

FreakensteinAG

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and so you think the state controling those things, capitalism will benefit you???? will be ok? crumbs?
Well it won't be the states regulating them but The State. Because we've seen very recently how terrible the individual states deal with energy, prisons, education, and the police. These need to be fully regulated so the benefits go entirely toward the people and those who work in that area, not to those who own the industries. I know there won't be any precious competition, as if there needs to be competition in energy, police, and prisons, because as we've seen countless times recently, there isn't much competition anymore. It's simply maximizing profits to those who own it.
 
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