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Date: 08/04/11 08:46 AM

61 Responses to Fault Lines: The Top 1% + Income In The USA

  1. Profile photo of madest
    madest Male 40-49
    7378 posts
    August 4, 2011 at 5:44 am
    Link: Fault Lines: The Top 1% + Income In The USA - Report on income Inequality in America. Al Jazeera does what corporate owned media refuse to do. Report the facts.
  2. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    August 4, 2011 at 9:19 am
    How did I know this was posted by madest before I even clicked on it ?
  3. Profile photo of Crabes
    Crabes Male 30-39
    1285 posts
    August 4, 2011 at 9:23 am
    america your getting drated from behind... wake up
  4. Profile photo of AntEconomist
    AntEconomist Male 40-49
    356 posts
    August 4, 2011 at 9:24 am
    The video repeats the fundamental misunderstanding shared by many who don`t understand economics: equating income and plunder. In a free market (even in a mostly free market), the way to earn income is to provide something of value to someone else. Hence, a high income indicates that you provided a lot of value to others. Think Bill Gates. He didn`t steal his $40 billion -- we gave it to him willingly because we valued Windows more than we valued the $40 billion.
  5. Profile photo of Cajun247
    Cajun247 Male 18-29
    10742 posts
    August 4, 2011 at 9:36 am
    Hey madest rather than trying to make one group poorer, how `bout we make everyone wealthier?
  6. Profile photo of demonveteran
    demonveteran Male 18-29
    238 posts
    August 4, 2011 at 9:41 am
    10% of America pay 75% of total taxes. If people do not like the rich simply don`t buy their products and they wont be rich. You can`t live without their products? Then stop b1tching.
  7. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36850 posts
    August 4, 2011 at 10:00 am

    blah blah blah

    poor get poorer
    rich get richer

    heard that before
  8. Profile photo of auburnjunky
    auburnjunky Male 30-39
    10339 posts
    August 4, 2011 at 10:03 am
    I lolled at the part where you said Al Jazeera reports facts. Muslim version of Fox news they are.
  9. Profile photo of auburnjunky
    auburnjunky Male 30-39
    10339 posts
    August 4, 2011 at 10:04 am
    The people who bitch about money, don`t have it, and don`t want to work for it.
  10. Profile photo of TheJigsaw
    TheJigsaw Male 18-29
    43 posts
    August 4, 2011 at 10:12 am
    Amazing display of retardism by the last couple of posters.
  11. Profile photo of Fleaman1797
    Fleaman1797 Male 18-29
    718 posts
    August 4, 2011 at 10:20 am
    @auburnjunky i work for my money, and i bitch about not having enough. now what? are you gonna try to say i dont work, or something?
  12. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14268 posts
    August 4, 2011 at 10:26 am
    And this is differnt anywhere in the world??
  13. Profile photo of Pooptart19
    Pooptart19 Male 18-29
    2441 posts
    August 4, 2011 at 10:29 am
    If you honestly think you can implement rules to try and regulate big financial institutions that already have pals in Washington without bending the rules in their favor yet again, you`ve got another thing coming. All this talk of "gross inequality" shows the mindset of modern progressives: Make everyone equal, no matter what. Inequality is a part of life. Deal with it. Wall Street has long been in bed with K Street and I don`t like it any more than you do.
  14. Profile photo of madest
    madest Male 40-49
    7378 posts
    August 4, 2011 at 10:50 am
    How to regulate greed? No excuse for a CEO to make 500times that of an employee. No excuse for allowing monopolistic firms to over-charge people without repercussions. We live in an age where the Robber Barons are back in control. Our politicians turn a blind eye to the madness because their greed exceeds their corporate overlords. Time for Teddy Roosevelt to return.
  15. Profile photo of ieatbunnies
    ieatbunnies Male 30-39
    880 posts
    August 4, 2011 at 11:08 am
    People are paid according to their worth. Dont get paid much? Thats because you arent worth much.
  16. Profile photo of madest
    madest Male 40-49
    7378 posts
    August 4, 2011 at 11:11 am
    Corporations and politicians want the masses to be as ignorant and dumb as you are ieatbunnies.
  17. Profile photo of DrDrano
    DrDrano Male 30-39
    9 posts
    August 4, 2011 at 11:20 am
    The corporation claw
    The rich control the government, the media the law
    To make some kind of difference
    Then everyone must know
    Eradicate the fascists, revolution will grow

    The system we learn says we`re equal under law
    But the streets are reality, the weak and poor will fall
    Let`s tip the power balance and tear down their crown
    Educate the masses, We`ll burn the White House down.

    Queensyrche/Operation Mindcrime/Speak/1988
  18. Profile photo of Profworm
    Profworm Male 30-39
    403 posts
    August 4, 2011 at 11:43 am
    The real reason they can get away with it is the sheer volume of people in this country that don`t know about, or simply don`t CARE about any of it. For everyone like us, there are thousands of others (according to a number I just made up) more concerned with the politics of Jersey Shore than they are with the stuff that really affects their lives.

    whether you tax the top 1% or not is moot. Without accountability from a people that care, the bad ones are just going to keep getting away with it.
  19. Profile photo of viperjason
    viperjason Male 18-29
    68 posts
    August 4, 2011 at 11:55 am
    The problem isnt the rich. Without the rich, you dont have a job. However, the problem is the lawlessness of the rich.

    Steal $100 and you get thrown in jail.
    Steal $1million and you get prosecuted.
    Steal $1 billion and you get a minimal fine
    Steal $1 trillion and you get bailed out when it all goes wrong.

    Stop the looting and Start prosecuting.
  20. Profile photo of Dhharrgoww
    Dhharrgoww Male 18-29
    101 posts
    August 4, 2011 at 11:58 am
    This is good. What we need to do is increase revenue AND decrease spending. To decrease the deficit, we`ll need to do both. We should be ending Bush era tax cuts, maintaining progressive taxation, and slashing the bloated military budget.
  21. Profile photo of Oldfrt
    Oldfrt Male 50-59
    750 posts
    August 4, 2011 at 12:01 pm
    OK, here goes:

    <insert inflammatory statement about the evils of government redistribution of wealth>

    <insert snarky comment on the relative intelligence of those people disagreeing with me>

    <insert long winded explanation of how economics REALLY work>

    ...There! That should do it. This arguing thing seems to be getting easier.
  22. Profile photo of dethkt66
    dethkt66 Male 50-59
    49 posts
    August 4, 2011 at 12:05 pm
    "Imequality is a part of life. Deal with it." Actually, while this may feel good to you pooptart19, what it really means is "I give up, i welcome our corporate overlords and pray that they leave me enough to exist on and breed a new generation of slacves for their use."
  23. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    August 4, 2011 at 12:16 pm
    @DrDrano: The only ones to successfully burn down the white house were Canadians.
  24. Profile photo of Buiadh
    Buiadh Male 30-39
    6739 posts
    August 4, 2011 at 12:44 pm
    The USA is the only Western country that`s so against the distribution of wealth to help those that need it more.

    Sad really.
  25. Profile photo of Buiadh
    Buiadh Male 30-39
    6739 posts
    August 4, 2011 at 12:46 pm
    @patchgrabber, Actually it was the British army. Led by a British/Irish general.
  26. Profile photo of ghettoelf
    ghettoelf Male 18-29
    55 posts
    August 4, 2011 at 1:08 pm
    IMPEACH IMPEACH IMPEACH! Protect small business. Start MAKING things, America! Take our industries back from China in following the French model. Stop being ridiculous.

    If this liar gets voted in for a second term, we`re all doomed.
  27. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    August 4, 2011 at 1:14 pm
    @Buiadh: Canada was still considered part of Britain until 1867 when confederation was granted and Canada could self-govern. The armies were primarily from Upper and Lower Canada.
  28. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    August 4, 2011 at 1:17 pm
    @ghettoelf: Your logic is faulty. Big businesses in the US are outsourcing to China because of capitalism. So by telling them to make jobs in America you are rejecting the fundamental principle of capitalism which is the profit motive.
  29. Profile photo of Pooptart19
    Pooptart19 Male 18-29
    2441 posts
    August 4, 2011 at 1:36 pm
    "Imequality is a part of life. Deal with it." Actually, while this may feel good to you pooptart19, what it really means is "I give up, i welcome our corporate overlords and pray that they leave me enough to exist on and breed a new generation of slacves for their use."
    Thanks for putting words in my mouth. Ass.
  30. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14268 posts
    August 4, 2011 at 1:47 pm
    LOL @ all the europeans and ect thinking it`s any different for them.
  31. Profile photo of EntrE
    EntrE Male 18-29
    535 posts
    August 4, 2011 at 2:01 pm
    LOL @ McGovern for not even knowing it is way different for us! feel free to come live here for a while and check it out! (talking about Germany and France)
  32. Profile photo of alibi19
    alibi19 Male 18-29
    73 posts
    August 4, 2011 at 2:24 pm
    1) Everyone here needs to go read F.A. Hayek`s, The Fatal Conceit. Its a great read about the downfalls of socialism. Give the opposition a chance to explain themselves.

    2) You are an intelligent, free thinking, capable person who has the ability to change your life for the better. If you are poor and you want to be rich, you absolutely have the means to do so. Blaming other people because you aren`t "successful" is only making excuses IMHO. "Losers make excuses, winners make adjustments".

    3) I think we should give a libertarian president a shot, considering both parties have been unable to fix the economy.
  33. Profile photo of Fatninja01
    Fatninja01 Male 30-39
    25420 posts
    August 4, 2011 at 2:27 pm
    no comment :P
  34. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    August 4, 2011 at 2:34 pm
    @alibi19: "If you are poor and you want to be rich, you absolutely have the means to do so"
    Well, no you don`t. Your statement implies that all people start with equal chances, equal opportunities and equal backgrounds. This is simply not true. You can`t make generalizations like this, you have to take into account the social inequalities inherent to the system.
  35. Profile photo of funnehkitteh
    funnehkitteh Male 18-29
    528 posts
    August 4, 2011 at 2:46 pm
    not just america. [email protected]
  36. Profile photo of auburnjunky
    auburnjunky Male 30-39
    10339 posts
    August 4, 2011 at 2:58 pm
    "i work for my money, and i bitch about not having enough. now what? are you gonna try to say i dont work, or something?"

    Well then you shouldn`t judge people with high incomes. They work too.
  37. Profile photo of auburnjunky
    auburnjunky Male 30-39
    10339 posts
    August 4, 2011 at 3:01 pm
    Long term poverty in America is a choice.
  38. Profile photo of dang007
    dang007 Male 30-39
    599 posts
    August 4, 2011 at 3:02 pm
    From video top 1% richest earn 20% of income. From quick google search top 1% pay ~38% of federal income tax. From video top 10 of earners earn ~50% of income. Quick google search they pay ~70% of federal tax. I do not see a need to "raise taxes on the rich."
  39. Profile photo of bentley22
    bentley22 Male 30-39
    244 posts
    August 4, 2011 at 3:03 pm
    While not ALL poor people have chances to become un-poor, many do and don`t do anything about it.

    If there is one thing I`ve learned, it`s that I will offer assistance, but I will never attempt to drag someone out of poverty.

    One of my business partners grew up poorer than dirt. He had no real chances in life. In his heart, he wanted more. And at 13 years old he walked to a warehouse in his neighborhood and asked for a job. He got a job breaking up wooden pallets with a hammer. He did a good job, never missed a day or work. One day his boss said he needed to go back to school and learn something. But the boss told him to walk over to the private school just outside the projects and ask if they will let him in, just like he asked for his job. But tell them you can pay for it by doing odd jobs around the facility. They accepted him, he was one of 4 black kids.

    Today he is a partner with me in a pretty successful distribution company. We met in college. He made
  40. Profile photo of dang007
    dang007 Male 30-39
    599 posts
    August 4, 2011 at 3:09 pm
    As to whether or not the poor have the means to become rich.

    As a whole the poor lack some of the advantages that the more wealthy have in regards to opportunity. This is why the poor are poor. HOWEVER, this is looking at it as a group. If we were to focus on individuals we would see that many of those "Born poor" become succeed in life and even become "rich." Based on this fact I suggest that anyone that really wants to can become successful and perhaps even rich.

    On the other hand one could argue that the poor that find success are the "exceptions that prove the rule." Reading the stories of some of these people I find nothing to suggest that they had an overabundance of "luck." It seems more often that they made it by hard work and being willing to take risks. So I tend to discount the "exceptions that prove the rule." hypothesis.
  41. Profile photo of cyborg
    cyborg Male 13-17
    2790 posts
    August 4, 2011 at 3:44 pm
    25 min. no thank you.
  42. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14268 posts
    August 4, 2011 at 3:51 pm
    @EntrE

    No it isn`t if you don`t have any 1 percenters in the countries you speak of you`re either full of s**t or you`ve taxed them so much they`ve left for a place that dosen`t.
  43. Profile photo of alibi19
    alibi19 Male 18-29
    73 posts
    August 4, 2011 at 4:07 pm
    @patchgrabber While there are inequalities among people, these can be easily overcome by motivation. To say a disadvantaged person can`t become rich because there are more obstacles in his way, I feel, undermines human spirit and the drive to succeed.
  44. Profile photo of Baalthazaq
    Baalthazaq Male 18-29
    4548 posts
    August 4, 2011 at 4:30 pm
    Dang:
    "Reading the stories of some of these people I find nothing to suggest that they had an overabundance of "luck." It seems more often that they made it by hard work and being willing to take risks."

    If there is no luck, why is taking risks important?

    In non question form: You`re ignoring the luck when you see it.
  45. Profile photo of Baalthazaq
    Baalthazaq Male 18-29
    4548 posts
    August 4, 2011 at 4:39 pm
    Incidentally Dang:



    This is how much the different groupings are making after tax "overburden". There is currently a pattern of wealth redistribution, from the bottom, to the top, with current tax brackets and figures.

    If you compare disposable income, rather than just income by the way, your stats all go way off.

    Furthermore offset by the fact that currently, 50% of Americans do not make enough to pay taxes. That all goes in to things like comparing disposable income.
  46. Profile photo of Baalthazaq
    Baalthazaq Male 18-29
    4548 posts
    August 4, 2011 at 4:54 pm
    Mcgovern:
    "No it isn`t if you don`t have any 1 percenters in the countries you speak of you`re either full of s**t or you`ve taxed them so much they`ve left for a place that dosen`t."

    Every country has people in the top 1%... the question is, how much wealthier are the top 1% compared to the rest of the country.

    In yours, you have one of the worst income distributions. There are worse of course. Zambia, Malaysia, Rawanda, Nepal, Namibia.

    But then there are better.
    UK, France, Germany, Sweden, Denmark, Switzerland, Israel, Japan, Australia, New Zealand, etc.

    The company you tend to keep in these ratings do not suggest a country at the top of their game.
  47. Profile photo of shredder89
    shredder89 Male 18-29
    6 posts
    August 4, 2011 at 8:37 pm
    the thing here that most of the people are missing is that there is a reason why poor people tend to stay poor and rich people tend to stay rich, and that is the enviroment that you grow up on. imagine growing up in a poor hood where someone in your family maybe takes drugs, or one of your siblings died because of gang fights and things like that. You will learn from that enviroment that you can´t trust de future, you don´t have any safeties that the choices and decitions you make will be backed up, so you learn to live the present, cause you don´t know what might happen to you tomorrow, it´s like fighting for survivor. SO obviously, if you have that kind of enviroment what do you expect to come out of that? hard working people willing to study and work hard and with innovative ideas?
  48. Profile photo of Sachi001
    Sachi001 Male 30-39
    599 posts
    August 4, 2011 at 9:56 pm
    "Let them eat cake" right auburnjunky

    Hmmm who said that? I wonder how hard she worked on the sweat of backs just before her head was lopped off.
  49. Profile photo of auburnjunky
    auburnjunky Male 30-39
    10339 posts
    August 4, 2011 at 10:23 pm
    Who the hell quoted that idiot Antoinette? I didn`t.

    Let me clarify. Long term poverty is a choice unless you are disabled.
  50. Profile photo of Errand_boy
    Errand_boy Male 30-39
    621 posts
    August 4, 2011 at 11:23 pm
    I don`t enjoy the movie Fight Club for the fighting, I enjoy it because I would back anyone who could set the debt of people being screwed back to zero. F**k policing the police, we should focus on people who "hand over fist" screw us day in and day out, 24/7, 365 days. They go after our families, lets go after theirs. If you can find their island or fortress.
  51. Profile photo of MCMXCIII
    MCMXCIII Male 18-29
    356 posts
    August 5, 2011 at 12:27 am
    "Long term poverty is a choice"
    You have never been poor, that much I can certain.
  52. Profile photo of ak47reaper
    ak47reaper Male 18-29
    117 posts
    August 5, 2011 at 6:05 am
    A government in debt is run by the wealthy. Force the rich to pay or leave. -Daniel Berg
  53. Profile photo of madest
    madest Male 40-49
    7378 posts
    August 5, 2011 at 6:18 am
    There`s lots we can do to fix the system: Tax the rich. Close loopholes for corporations. Tax havens should be against the law. Heavily tax corporations who move overseas. Means test social security beneficiaries. End the wars.
    We`re not broke because of Medicare and Social Security. The politicians who tell you otherwise are con men doing corporations bidding.
  54. Profile photo of OutWest
    OutWest Male 50-59
    546 posts
    August 5, 2011 at 10:45 am
    Class envy is class envy. I am tired of it.

    What our government should do is protect our rights to equal opportunity. Not level the playing field or redistribute property from some to others.

    Focus on removing obstacles that keep us from our true potential. Not on how it`s unfair for some to have more.

    My son is a pilot and while in flight school he said to me, "Dad I work with some really brilliant men and women. Someday I will watch one of my peers fly into space. Some understand and learn what what we need in an hour. It might take me four hours but I can do it". He wasn`t complaining that he had to work harder or that someone else had an advantage. He had the opportunity to succeed.

    The rich are not bad, the poor are not dumb, the government is not the great equalizer. The power to succeed resides in each of us. Just give us the opportunity to let us go where we will. The government truly should treat us as equals, then we w
  55. Profile photo of auburnjunky
    auburnjunky Male 30-39
    10339 posts
    August 5, 2011 at 12:24 pm
    "You have never been poor, that much I can certain."

    I am poor right now, and on food stamps.

    Doesn`t mean I am not taking steps to alleviate the situation.
  56. Profile photo of Hephaestus
    Hephaestus Male 18-29
    35 posts
    August 5, 2011 at 1:06 pm
    @OutWest
    It seems to me that labeling the issue as merely “class envy” really cheapens the moral dilemma of what responsibility we have for our fellow countrymen for everyone.
    Worse, it makes the experience of those who are “lacking” look like they are having a tantrum because they couldn’t afford the same luxuries when really they just don’t want to worry about practical matters in this country. Such as an E.R. visit bankrupting them (even with insurance) or that the degree they are working on and spending money to get will actually afford them a job even though there is a glut of competing employees.

    I guess I`d be less bothered if the gap wasn`t so wide, growing and the strange assumption that those with wealth 100% earned it.
  57. Profile photo of macfan20
    macfan20 Male 18-29
    10 posts
    August 5, 2011 at 2:52 pm
    Honestly, I feel little pity for these protesters. People who work hard should reap the benefits of that work and dedication, and should be compensated for it accordingly. As someone who is at the top of their class and is confident that they will reach the top 1% of earners in their country, I would find it discouraging to know that further taxes would be imposed on my earnings than those that already exist. It is a goal of mine to make it into the top tax bracket so I will finally be able to see the fruits of my labor. If these people want a better quality of living, the should go to university and educate themselves rather than living off of the taxes of those who do.
    The CEO`s are probably looking down from their sky scraper`s at these demonstrations and telling themselves to work even harder to ensure they never end up like the peasants on the ground. Put your effort into becoming successful rather than complaining over the fact that you`re not.
  58. Profile photo of Hephaestus
    Hephaestus Male 18-29
    35 posts
    August 5, 2011 at 3:26 pm
    @Macfan20
    If you happen to come look at this later:

    1) Why do you wish to be the top 1%, what goals do you have that require that kind of income?
    2) I’m willing to bet the CEOs are barely phased by the protesters; I’d suspect a level of disconnect or apathy to the “common man” and his problems.
    3) Education is one pathway to better finances, but it is not a certainty. Even if it were, there is a point where everyone can’t be the CEO of a company.... someone has to pick up the trash or maintain the building – they are crucial to the company... yet, they will get a crumb of the income compared to the CEO. And you can claim that t he CEO ‘s job is hard to replace... national companies seem to change their CEO’s often, I doubt it’s that difficult.
    4) I would amend your final point to say: voice your
  59. Profile photo of swiftkeys
    swiftkeys Male 18-29
    500 posts
    August 5, 2011 at 11:00 pm
    big paragraphs.
  60. Profile photo of ThunderDiety
    ThunderDiety Male 30-39
    19 posts
    August 8, 2011 at 1:23 pm
    Bush rearranges the tax code with tons of tax cuts. His ideas were unique very different than any other President. More than ten years of his idea and the economy has continually got worse. Obama says hey let`s do it the Way Every Other President did and that`s a bad idea. Bush ideas were the outlier and as it seems did not work at all. Why not put thing more inline with the way they were, when the economy was much better. How is this a hard idea to grasp?
  61. Profile photo of Linkenberger
    Linkenberger Male 18-29
    1164 posts
    August 8, 2011 at 10:29 pm
    *dusts off soapbox* here we go again...

    Here`s the situation as I see it: there will always Always ALWAYS be a gap between the rich and poor; the world would not function without it. The issue now is how to manage that gap in a way that most benefits everyone.

    The best way to solve it is to keep the rich from getting superfluously rich, and the poor from getting desperately poor. Keep the poor from revolting, but at the same time poor enough to have a drive to become wealthy. Keep the wealthy feeling important, but not so powerful they gain control of the system.

    I`m all for not punishing people because they are successful, but when a contribution that wouldn`t make a dent in the pocketbook is refused, then we need to evaluate ourselves as people.

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