The End of the American Dream?

Submitted by: kitteh9lives 6 years ago in Entertainment

Did the CEOs of big corporations and wall street speculators want so much for themselves, it ended the American dream?
There are 54 comments:
Male 1,451
Anyone else just really annoyed at the fake marker squeaks?

Not annoyed by them being fake; annoyed by the noise.
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Male 1,735
That would be where capitalism fails, it uses democracy against itself because they can afford to.

I kinda prefer the barter system, where you have a say in what your time is worth, and a say in what your willing to pay someone else. In North America we get told what were paid, and what we have to pay. I would think most would at the very least agree what they get paid and what they have to pay out and vastly out of proportion. If you work hard you shouldn`t be in f`ing debt your entire life.
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Male 336
The taxation system in America is pretty damn complicated, and it would generally work better if they got rid of all the social engineering and stuck to a simple gradual rate per person. 15% of the first chunk of income, 20% for the second bit, 30% for the next bit, and as you hit the 500k and up bracket, 40% for that bit.

Maybe not exactly that, but something akin to that. With all the way tax breaks go, (General Electric didn`t give a cent to the government last year) it`s pretty easy to cheese the system. So make it so simple and basic that it`s impossible to cheese. Like C++.
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Male 4,902
The begining of me not giving a f*ck
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Male 2,424
meh, your still free to come up with something new and get rich but that would cut into IAB time and Halo.
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Male 994
Assuming you believe that the American Dream ever existed in the first place, as the rule and not the exception.
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Male 663
>> Taxing them more will not hurt the economy.<<<

Are you serious? You have no idea about were capital comes from or how the economy works. That`s right all them rich folks keep their money in their mattresses, so we just gotta go take from them.
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Male 155
Foreclosed*
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Male 321
All I can say is that clip on Georgie earlier this week, everyone saying he was wrong... um.. yeah.. I think this guy took the time to explain it out, and proves it right. I am not saying that is the reason he did it, but.. yeah... R.I.P. George Carlin
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Male 934
Grossly oversimplified unionist propaganda. Why is it that your average union boss makes 10+ times the average union member? Yeah, they`re all about fairness...
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Female 383
RSA ripoff?
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Male 914
"Not entirely their fault, but one of the triggers. Guess you never heard of the Mortgage Home Credit Default Scandal and Bernie Madoff huh?"

If it weren`t for government`s artificially low interest rates and guaranteed loans, the housing bubble never would have existed. Wall Street got drunk because the government put alcohol in everyone`s punch.

As for the Madoff scandal, that pretty much has nothing to do with anything. People made a bad investment and they lost their money. Buyer beware. That`s the way it`s supposed to work.
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Male 599
@intrigid
"Wall Street didn`t cause the disaster."

Not entirely their fault, but one of the triggers. Guess you never heard of the Mortgage Home Credit Default Scandal and Bernie Madoff huh?
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Male 2,591
I say we just start kicking their asses.
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Male 1,399
When the government decided that everyone should own a house.

That`s what started this mess.
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Male 914
This video completely misunderstands the problem. Wall Street didn`t cause the disaster. The cause of the problems in the world economy are government stimulus, artificially low interest rates, bailouts, and money printing.
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Male 2,790
finally someone makes a video of the problem and not just ignores it. part of the problem is everyone`s obsession with the celebrities that practically do nothing and are treated as royalty while everyone who is working to keep the nation going is losing all their money in the process
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Male 2,422
The problem is the law of comparative advantage combined with the information revolution of the last twenty years which means that it is both cheaper to move high-tech production to places like Taiwan, but it is just as efficient as having factories at home. That`s why Detroit died. At the same time, American corporations are using illegal immigrants for low-tech work and paying them almost nothing because they have huge leverage over them. All of this adds up to fantastic profits while the rest of America gets screwed.
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Male 17,511
Larger and larger government spending has what has got America into this mess. The greatest times of peacetime growth have happened with lower taxes, lower government spending, and largely free trade.

Everything else the government does slows and stagnates the economic engine that has made America great. No country has ever taxed itself into prosperity, need an example ? look at Greece, Ireland and Spain they are on the brink of financial collapse.
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Male 599
Hmm..it`s much more deeper than that. It`s a limited perspective of economics on a regional scale. There are more world players today, and solving the regional problem is more complicated than the solution given.

Even if you got all the wealthy in the USA to give back it would not eliminate the national debt rung up on extended unrealistic credit. Many first world countries live far above the wealth expectations they encompass, and still expect more trying to keep up with the Jone`s. The appetite for more goods is never satisfied and can lead to downfall.
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Male 273
One of the big problem in the US is the financing of electoral candidates which currently looks like legal bribing.
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Male 10,440
ieatbunnies makes a very good, albeit obvious point.

The US is a better place to be than China if you are educated. The trouble then becomes how do you get educated? Your schools are overpriced. People graduate with massive debts unless they have rich parents.
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Male 10,440
[quote] So not changing a thing is keeping America a superpower? [/quote]
Not for long. The EU, for example, is a more powerful economic entity than the united states.

I`ll just throw this in there...

The rich don`t spend as much as the rest of us, proportionally, since they don`t need to. Taxing them more will not hurt the economy.
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Male 59
"They call it the American dream because you have to be asleep to believe it" -George Carlin
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Male 218
Rebuild the american dream! Abe is counting on you citizens! America is counting on you citizens! and most important Cuba and southamerica is counting on you citizens!
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Female 217
In other news, the inkblot was shaped like a penis :)
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Male 880
"The problem isn`t lack of jobs, or lack of skills, it`s money. They`ll do it for less, they get the contract."

Dont oversimplify it. I work with China and the US on a daily basis and there is a clear distinction between the abilities of the US and China. If you are doing anything that involves intellectual property and innovation, the US is a clear winner, its not even close.

If I am manufacturing computer parts, then China is equivalent (aside from the inevitable counter fitting), at a cheaper price, so I stick with China. (Well actually Taiwan but close enough)

However, if I am developing software, or designing new technologies in nuclear power, I stay in the US.

I use those examples because there are actual decisions clients have made.
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Male 3,646
"One of Americas problems is that it`s stuck int he past, the rest of the western world is moving on and America are sitting on their laurels as being the worlds only superpower and not changing a thing."

So not changing a thing is keeping America a superpower? Or at least that`s what I got out of your post. And if so, and that`s a bad thing why?
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Male 6,737
"Paraphrasing: "Any other system except capitalism"?

Really? Because socialism has been so successful and beneficial to those that strive to attain their freedom from it?

I am amazed when the Koolaid is always the same flavor.

Can those of us that want personal and individual freedom have it without someone always trying to tell us how much better something else is? I guess that many in the world, simply want an elite to make decisions for them?"

Very blinkered, typical US argument wehre there are two forms of operating, capitalism or socialism and no middle ground...
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Male 6,737
"If people want better jobs, then learn a skill no one else has. You are paid and treated based around how many other people can do your job and how many jobs are available. The more that can, the less you get."

Anything that can be done in the west can be done in the east for cheaper, pretty much any job you have in the US, the Chinese will do it for a fraction.

Are they wrong to pay so little? No, because they know that greedy companies will continue to exploit the pay difference. The problem isn`t lack of jobs, or lack of skills, it`s money. They`ll do it for less, they get the contract.
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Male 25,416
meh....
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Male 101
I`d rather not get in a political conversation, because I really honestly don`t like to. I will say that I more or less agree with much of this video.

But that`s beside the point.

All I could focus on during the thing was the obnoxious marker writing/squeaking sounds. Baaaaah.
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Male 546
Paraphrasing: "Any other system except capitalism"?

Really? Because socialism has been so successful and beneficial to those that strive to attain their freedom from it?

I am amazed when the Koolaid is always the same flavor.

Can those of us that want personal and individual freedom have it without someone always trying to tell us how much better something else is? I guess that many in the world, simply want an elite to make decisions for them?
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Male 64
I thought corporations became uncle sam (congress).
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Male 880
"They don`t care if they employ far eastern workers at a pittance in squalid conditions, would you be happy to work in that?"

Workers in China who live in what the US would consider sub par conditions are happy to have the job. Because if they didnt have these `terrible jobs`, their families would starve and they would die.

If people want better jobs, then learn a skill no one else has. You are paid and treated based around how many other people can do your job and how many jobs are available. The more that can, the less you get.
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Male 880
"The average ceo makes 11.4 million usd"

That is such BS, that is the average total compensation package for the 299 CEOs of S&P 500 Companies. You are talking about huge publicly traded companies where there are very few people in the world who have the skills it takes to run them.

The average CEO in the US is under half a million a year.
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Male 807
Wow, another narrated cartoon lambasting the government with no solutions, only gimmicks.
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Male 663
Look you can "demand" good jobs all you want, demanding doesn`t get you anything. A job is someone paying you to A. do a task that they do not want to do. or B. do a task that produces a profit for the person paying you to do it. So you have a choice, are you going to do "sh...t" work that is gross or physically demanding to the point that someone else wants to pay you to do it, or are you going to be productive to the point that someone would prefer that you work for them vs. their competitor.

Ball`s in your court.
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Male 2,372
Oh please! Is anyone else here sick and tired of the "greedy corporation/evil CEO" narrative that gets hammered into our heads over and over again?

The whole "top 1%" hooey that`s constantly thrown around is so misleading. And blaming the sub-prime crisis on anything other than government intervention is equally, and intentionally, misleading.
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Male 2,172
Right wings who are desperatly trying to win some time. Don`t be fooled, these people won`t listen more to what you have to say.

In the end, it all comes down to: We can`t save you under this economical system, sorry.

Change economical system as soon as you can and you will be alright.

Any other system will do, just not capitalism.
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Male 7,933
Musuko42
Male, 18-29, Europe
1430 Posts Thursday, June 23, 2011 10:48:54 AM
@Pooptart19

"This video reeks of progressive bullsh*t."

I`m sure the same was said of the Declaration of Independence, or the Constitution, or the Emancipation Proclamation.
+++++ +++++++++ ++++++++

The emancipation proclamation only freed the slaves in states they had no control of. The 5 states in the Union that did have slavery weren`t forced to free their slaves.

Progressive Bullpoo!
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Male 48
Oh, sweet you guys, lets all join a union and we can get paid $65 an hour to only be able to do one job. It`s worked so well for car manufactures.
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Male 6,737
"Its all nice and pretty to say like that, but I have seen billion dollar projects in the US outsourced/cancelled because of high wage rates demanded by Unions. "

That`s not their fault, they have to make a living also, but the company directors, those that decide to offshore their business, are living in luxury. They don`t care if they employ far eastern workers at a pittance in squalid conditions, would you be happy to work in that? Thankfully there are unions and laws off the back of union action that prevent that.
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Male 6,737
Capitalism sucks balls, let`s be honest.

One of Americas problems is that it`s stuck int he past, the rest of the western world is moving on and America are sitting on their laurels as being the worlds only superpower and not changing a thing.

Americans need to learn that partial socialism is not a bad thing.
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Male 2,850
@Pooptart19

"This video reeks of progressive bullsh*t."

I`m sure the same was said of the Declaration of Independence, or the Constitution, or the Emancipation Proclamation.
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Male 104
Is it bad that I watched the whole video and all I could think during it was that I really wanted that pen because it filled in gaps so well? <_<
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Male 1
Bullpoo
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Male 182
the point is ceo`s get greedy and raise there salarys.
The average ceo makes 11.4 million usd. if he took a pay cut to 6.4 million a year, that money saved could save 100 jobs @ %50k a year.

This is not including all the bonus they get and give out also.

Look at that ceo from the Japanese airlines.
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Male 880
Unions are one of the largest problems in America, they force companies to hire less qualified workers for higher wages.

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Male 267
Good luck with all that.
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Female 708
Well said, rpmeaney. I salute you, brother!
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Male 2,440
This video reeks of progressive bullsh*t.
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Male 24
Its all nice and pretty to say like that, but I have seen billion dollar projects in the US outsourced/cancelled because of high wage rates demanded by Unions. Get some real world experience and then come tell me a forklift driver deserves 80k a year.
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Female 8,043
Link: The End of the American Dream? [Rate Link] - Did the CEOs of big corporations and wall street speculators want so much for themselves, it ended the American dream?
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