http://www.heartlandalliance.org/wha...erty-final.pdf
Have a primer on how it affected those in poverty here. This isn't even to mention those living in 3rd world countries that were impacted in a devastating manner.
Your own words, dip . I know you try to run from them, but those are your own words. Did Mark Zuckerberg make more people poor? Probably not, but not everyone who is rich is like Zuckerberg.
Can and do rich people make poor people more poor? The answer is an obvious yes, even if it doesn't apply to ever billionaire. Blanket statements are a specialty of yours so I can understand your inability to understand ....LOL....wait for it....nuance.
Strawman!!!! No one is saying its bad that people get rich. Try again.
Rich CEO fights the regulation of derrivates such as CDOs and CDSes and undertake other irresponsible economic behavior. CDO's and CDS collapse the market and cause huge economic recession. People under the poverty line lose their jobs within this recession and suffer greatly.
Did you really need this explained to you?
If you want to be a billionaire, come up with a billion dollar idea. Otherwise, leave us conservatives alone and let America work the way it worked 200 years ago. Go on, live like a good American!
In other words, an increase equal to more than half the population of the United States with even more yet to come.The global economy is expected to shrink by 1.7% in 2009
1
Gross domestic product (GDP) growth .
in developing countries is expected to slow to 2.1%, and recessions are projected in Europe and
Central Asia (-2.0%), and Latin America and the Caribbean (-0.6%). This global recession is coming
at a time when the impact of the rise in food prices between 2005 and the beginning of 2008 is
estimated to have increased. For example, the proportion of the population of East Asia, the Middle
East, and South Asia living in extreme poverty has risen by 1 or more percentage points. Impacts
in some parts of Africa were less pronounced than others partly because of variation in the linkage
between local and global market food prices. Overall the number of extremely poor is estimated to
have increased by between 130 and 155 million globally between 2005 and 2008, with 53 million
more expected in 2009. Moreover, cash inflow to developing countries will decrease as result of
reductions in foreign direct investment (FDI), foreign aid and migrant workers remittance.
http://www.unscn.org/files/Publicati..._Crisis_4p.pdf
All because of irresponsible and downright criminal behavior by some rich people.
But no Darrin, its ing impossible for the rich to make more people poor. I mean , look at Mark Zuckerburg! Facebook!
Next up on Darrin's list - is it really possible for rain to make you wet.
Why are you so angry?
Do you think it's responsible for us to be using 30% of our corn for biofuel when so many people are starving?
So....
The WSG journalist thinks this is a solution, or does he just want our rich to move to other nations?
Why are you so stupid?
Of course not. Ethanol from corn is a fuel to begin with. I've expressed my displeasure with biofuels a large amount on here but you're too stupid to remember that.
Classic. Quality post.
A lot of divorces are happening due to the misbehavior made available through facebook. These divorces are causing some men or women to have to give up half of their assets to lawyers and the ex spouse. Zuckerberg made people poor. (shakes fist) DAMN YOU ZUCKERBERG.
I think many on both sides of the aisle will admit that ethanol is a failed experiment.
How many practical people ever thought it should have been done?
I don't know, but I know that I do get frustrated every time I see the word.
You should take something for that.
+ < I can't type a number large enough here >
Remember when you asked if rich people could make the poor poorer?
That was funny.
We're nowhere near revolution, but the wider the income gap gets, the harder people will have to work to maintain a comfortable lifestyle.
There was a time not too long ago when a family could live comfortably in their own home in a fairly good neighborhood while being supported by one middle-class income. There is no reason a nation with our wealth can't reinvest into its own quality of living, and there's no reason that would have to come at the expense of very rich people staying very rich. As I recall, this country still had rich people when the top income tax bracket was a higher rate.
It's all about relativity though. No matter how many times one sees starving people in other countries, if everyone on the block has a new car but you, human nature means that you will feel pressure to do the same. It's only natural; outsiders tend to be marginalized, and being outside the pack means less survivability.
It's frankly unrealistic to think that the majority of Americans are going to say, "Well, I'm better off than third world countries, so I should be happy". That's not going to happen, even though it's true.
Unless you can get everyone to buy in to reduce their living standards, it's not going to happen. (Due to various issues, prisoner's dilemma, free rider, etc etc). If person X reduces their carbon footprint, that doesn't guarantee person Y will. The only ways to try to enforce it is through culture change, or through law. (Anti-smoking is an example of both, though I'm not sure which came first.)
Yeah good points. Changes which happen gradually are either generally unnoticed or tolerated well. I'm not sure of your age, but as a fresh graduate and young single man I became used to having a certain amount of buying power. By the time I was married 14 years later, that had changed noticeably (I'm fairly frugal compared to the average American). Our living standards (yes, very relative as you stated above) are decreasing already, and involuntarily I might add.
I'm not sold on the notion that a tax or lack thereof on the super rich will be as strong a catalyst as most think though. I continue to be on the fence about it. A tax? Perhaps yes. How much is my question. I'm not well versed on it, but there appears to be a fair amount of la ude there as far as public opinion goes.
The problem thats going to happen eventually is that the lies of trickle down economics will eventually draw accountability. We've been told for decades now that as the rich get richer it will filter down to everyone. The tag lines have been that all some boats may rise faster and higher but the main focus is that ALL BOATS RISE.
Its just not the case. The rich have gotten richer and have a larger share of wealth, but - and especially the last decade - there has simply been no new wealth added to most segments of American society. As you said, Agloco, all of us have faced a reduction in purchasing power and its going to keep going down.
Why are you people worried about an income gap when wealth is so fluid. Just get more people producing wealth rather than expecting to steal others.
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