American Wealth Inequality

[EmptyMan]

Why is it mind blowing? People are part of a spectrum. At one end you have superior hard working people, at the other end you have people who didn't quite win at life. That's just how reality is.


When you have money, it is easy to make money with that money.





The Asians and Indians have figured out how to play the game by the 2nd or 3rd generation. I know why. You do too.

[MannyIsGod]

You guys really fail at reading comprehension sometimes. Its not news that there are poor people and that there are rich people. Thats not what this was about. This is about the amount of wealth a very small percentage of this country controls while the vast majority is left with minuscule table scraps.

For the longest time one of the foremost conservative talking points is that the more the rich get the more trickles down to everyone else but that isn't the case and there isn't any data to back that up.

The bottom part of this country is losing wealth to the top portion of this country which is contrary to everything conservatives have preached since Regan.

Explain how that works to me.

[MannyIsGod]

News flash: some people are more productive than others!

So the majority of Americans are unproductive?

[MannyIsGod]

I mean are you guys even looking at those graphs?

[MannyIsGod]

Look at that. the gap was steady for a very long and productive part of our nations history. We weren't socialists in the 40s 50s 60s and 70s, were we?

[MannyIsGod]

The bottom 50% of our country in economic terms controls a whopping 2.5% of the wealth here.

Do you not see any problems with this?



And what abouts stocks? Even worse.



Is the bottom 50% doing only 2.5 of the production in this country?

[MannyIsGod]

LOOK at this!

[MannyIsGod]

Production workers are anything but, right Doobs?

[MannyIsGod]

We're making less money today than we were 40 years ago.

This one should get your attention even if somehow the rest of them have failed to.

[MannyIsGod]

The American Dream is about as good as the Lotto.

[MannyIsGod]

But hey, someone out there is doing better.



They've obviously gained productivity while the rest of us have not.

[MannyIsGod]

I know I know. Cut taxes for the rich and the rest of us will rise up because of their investment.





Oh...

Wait...

[MannyIsGod]

This just means we're more free than those damn socialist nations.

[MannyIsGod]

This is more proof of how horrible some of those Euro nations have it.



Freedom ain't free...for the poor anyway.

[MannyIsGod]

Nothing to see here.

[mookie2001]

[doobs]

So the majority of Americans are unproductive?

So you fail at reading comprehension?

Some are more productive than others. More productive. (Not necessarily harder working.) Where did I say that the majority of Americans are unproductve?

Or do you just enjoy twisting the words of others?

[mookie2001]

[MannyIsGod]

So you fail at reading comprehension?

Some are more productive than others. More productive. (Not necessarily harder working.) Where did I say that the majority of Americans are unproductve?

Or do you just enjoy twisting the words of others?

I ask for a reason why the inequality has grown and you bring up productivity and you accuse me of twisting words?

[MannyIsGod]

So you fail at reading comprehension?

Some are more productive than others. More productive. (Not necessarily harder working.) Where did I say that the majority of Americans are unproductve?

Or do you just enjoy twisting the words of others?

And further more do you enjoy going through the day pointing out inane obvious things? Can I expect your next post in the Spurs forum to be that some players are taller than others?

When I'm asking for reasons to a situation and you replay with a stupid tidbit of information how am I supposed to know you are just typing for the of it? I can only assume that you are replying.

In any event, lets say I do fail at reading comprehension and I love twisting your words. Why don't you lay out your explanation clearly as to make it untwistable.

[MiamiHeat]

When rich liberals start giving away their money, I'll start taking these kinds of threads seriously.

Warren Buffet, democrat, gives away $37 BILLION to philanthropy

Bill Gates, democrat, gives away half of his billions to the same thing


Hi.

[boutons_deux]

Charitable giving (tax deductible) in USA is subsidized by taxpayers, not driven by human kindness.

[MiamiHeat]

If that's the cynical view in which you want to view their donations,

then DarrinS just owned himself. It's not possible to find what he said would take to convince him.

Oops!

[exstatic]

Charitable giving (tax deductible) in USA is subsidized by taxpayers, not driven by human kindness.

Fail

If you give more than 20% of your adjusted gross income (AGI) in any given year, you may start to be subject to deduction limits. How much? Let's say your AGI is $100,000, you spend practically nothing. and you have lots of cash that you want to give away to a fully accredited charity. Under that scenario, your deduction for the year would be limited to 50% of your AGI or $50,000.

Somehow, I think those yearly billions WB is giving away exceed his personal annual income, and therefore, ARE out of the goodness of his heart.

[MiamiHeat]

Fail



Somehow, I think those yearly billions WB is giving away exceed his personal annual income, and therefore, ARE out of the goodness of his heart.