Fault Lines: The Top 1% + Income In The USA

Submitted by: madest 5 years ago in

Report on income Inequality in America. Al Jazeera does what corporate owned media refuse to do. Report the facts.
There are 61 comments:
Male 1,164
*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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Male 19
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?
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Male 500
big paragraphs.
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Male 35
@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
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Male 10
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.
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Male 35
@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.
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Male 10,339
"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.
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Male 546
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
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Male 7,378
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.
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Male 117
A government in debt is run by the wealthy. Force the rich to pay or leave. -Daniel Berg
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Male 356
"Long term poverty is a choice"
You have never been poor, that much I can certain.
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Male 621
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.
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Male 10,339
Who the hell quoted that idiot Antoinette? I didn`t.

Let me clarify. Long term poverty is a choice unless you are disabled.
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Male 599
"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.
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Male 6
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?
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Male 4,547
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.
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Male 4,547
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.
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Male 4,547
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.
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Male 73
@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.
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Male 14,332
@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.
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Male 2,790
25 min. no thank you.
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Male 645
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.
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Male 244
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
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Male 645
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."
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Male 10,339
Long term poverty in America is a choice.
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Male 10,339
"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.
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Male 528
not just america. [email protected]
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Male 5,811
@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.
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Male 25,416
no comment :P
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Male 73
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.
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Male 535
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)
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Male 14,332
LOL @ all the europeans and ect thinking it`s any different for them.
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Male 2,440
[quote]"Imequality[/quote] [sic] [quote]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."[/quote]
Thanks for putting words in my mouth. Ass.
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Male 5,811
@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.
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Male 5,811
@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.
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Male 55
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.
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Male 6,737
@patchgrabber, Actually it was the British army. Led by a British/Irish general.
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Male 6,737
The USA is the only Western country that`s so against the distribution of wealth to help those that need it more.

Sad really.
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Male 5,811
@DrDrano: The only ones to successfully burn down the white house were Canadians.
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Male 49
"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."
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Male 749
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.
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Male 101
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.
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Male 68
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.
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Male 520
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.
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Male 9
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
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Male 7,378
Corporations and politicians want the masses to be as ignorant and dumb as you are ieatbunnies.
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Male 880
People are paid according to their worth. Dont get paid much? Thats because you arent worth much.
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Male 7,378
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.
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Male 2,440
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.
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Male 14,332
And this is differnt anywhere in the world??
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Male 718
@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?
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Male 43
Amazing display of retardism by the last couple of posters.
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Male 10,339
The people who bitch about money, don`t have it, and don`t want to work for it.
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Male 10,339
I lolled at the part where you said Al Jazeera reports facts. Muslim version of Fox news they are.
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Male 38,480

blah blah blah

poor get poorer
rich get richer

heard that before
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Male 238
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.
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Male 10,855
Hey madest rather than trying to make one group poorer, how `bout we make everyone wealthier?
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Male 371
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.
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Male 1,284
america your getting drated from behind... wake up
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Male 17,512
How did I know this was posted by madest before I even clicked on it ?
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Male 7,378
Link: Fault Lines: The Top 1% + Income In The USA [Rate Link] - Report on income Inequality in America. Al Jazeera does what corporate owned media refuse to do. Report the facts.
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