Contemplating Wealth Inequality In America

Submitted by: Kain1 3 years ago

Corporate profits are at record highs, while employee wages as a percentage of that are at record lows.
There are 51 comments:
Male 15,832
@Musuko42 [quote]If you don`t like the way your country is run, you lobby and vote to change it. That`s what a DEMOCRACY is for.[/quote]
Which is EXACTLY why this country was NOT set up as a f***ing democracy, although it has pretty much degenerated into one.
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Male 1,471
[quote]I swear I`ve heard more intelligence arguments from conch shells.[/quote]


First of all, i think you mean "intelligent".

Second of all, your entire contribution to this conversation is (i`m paraphrasing here)

"He`s ugly and fat, therefore it`s not worth listening to what he has to say."

and

"You`re all just jealous because you aren`t as good at making money as the rich people".

Go back to your cave. You obviously don`t belong in a serious discussion.
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Male 1,471
@McGovern & papajon0s1: No one is talking about socialism. That would be retarded. Socialism doesn`t work.
Ending the plutocracy/crony capitalism however, would be a very good thing.
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Male 2,579
Give unto Caesar what is Caesar`s. Give unto God what is God`s.
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Male 579
So... what we need to do is take all the money from the rich and the big businessness and give it to everyone who doesn`t contribute and then we can all be equally miserable! Sweet! Sign me up! I went to work today hoping for less opportunity and hey, maybe more taxes!
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Male 14,330

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Male 14,330

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Male 2,358
I swear I`ve heard more intelligence arguments from conch shells.
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Male 1,471
@DromEd: Sooo.. what? you`re older than me, therefore you are automatically right?.. Sorry to say, that`s actually not how the world works. It may have been the case back in "your day", but not any more.

My grandma is a prime example. I love her, but she`s as dumb as a traffic cone.
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Male 2,850
@OldOllie

"If you don`t like the way we do it here, just pick one and GTFO."

If you don`t like the way your country is run, you lobby and vote to change it. That`s what a DEMOCRACY is for.

If he doesn`t like it, he can stay and try to change it.

Telling him that he has to live in the system, or leave, and he doesn`t have the right to change that system...well, that doesn`t sound like you believe in democracy.
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Male 13,624
Dog eat dog world right now dude
just having a job is a prized possession
dont bleat about it
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Male 13,624
As chalket
says
point - missed
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Male 13,624
This is how the world revolves,
basic command and conquer
I work for a huge US electronics firm,
they have in 6 years cut the huge number of clever people at our plant from 150, down to 55,
and now employ temps at basic UK wage,
Why? Apart from them making a crap more money chucking out the same amount, they can chop and change temps at a days notice,
good - no, its fecking crap, but for the books
its all good
way the world works now
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Male 568
Marx! Is that you?
Oh, no... it`s just a stupid hippie that saw a few charts.
I only agree with him on the fact that trivial concerns like gay marriage and drug legalization are removing focus on the more important problems.
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Male 15,832
[quote]It`s called charity and it doesn`t work because there`s nothing "charitable" about it. They do it for a benefit a tax break not because they feel obligated to do so.[/quote]
Obviously you have never earned enough money to have paid income tax, have you?
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Male 1,745
This guy is a tireless tard. Pseudo-intellectual BS. Fact: we have a higher standard of living than every generation before us in the 2 million+ year history of humanity.
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Male 3,431
You want to buck the trend? Quit being a consumer. Let me know how that works out.
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Male 2,358
Sorry young padawan but it`s you who have missed the point. You`ll understand someday. It`s the natural order of things.
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Male 1,471
@DromEd:



It was an example.
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Male 2,358
I just Googled "Kain1 petitions Walmart for better employee pay" but I came up empty. Strange that.
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Male 37,888

[quote] "I`m no exception. GOOGLE issues my paychecks." [/quote]
Not any more.
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Male 1,471
continued
Meanwhile, hard working people are suffering, living paycheck to paycheck. The problem isn`t lack of funds, but lack of will. Wal-Mart, for example, employs 2 million people. It is the main source of income for a large part of the population, yet their store clerks straddle the poverty line.
To say that this is just the way it`s supposed to be is, in my view at least, declaring moral bankruptcy.
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Female 4,039
Sheesh what a freakin whiner. Must get invited to a lot of parties...
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Male 1,471
[quote]Corporations have no `social responsibility` to pay their employees anything. It is a corporations responsibility to see to its bottom line as long as it is not doing anything illegally. If an employee does not like his wages or working conditions then he should seek other employment. The corporation will quickly realize that if they cannot retain employees, or obtain the best talent, then they will rethink their pay scale. [/quote]

Textbook answer. Also devoid of any sense of reality. It works if supply and demand of labor was somewhere near equilibrium. That`s not the case any more however. Unemployment is very high, and people with jobs can`t afford to lose them, and have a very hard time finding better ones because no one is hiring. This state of affairs gives all the power to the corporations and gives them the opportunity to squeeze their employees for money, even though they can easily afford to pay them reasonable wages.
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Male 5
"I`m not against capitalism. I`m not against rewarding people who work harder or smarter than the rest of us." - TAA

By his own words he invalidates his argument for being pro Capitalism.

Capitalism rewards those that work smarter more than they do those that work harder. Is it not smarter to hire 100 "slaves" to play the game of monopoly for you rather then play 100 games yourself? Is it not smarter to "pull strings" and change the rules to stack the odds of the game in your favor?

Don`t like the game then don`t play the game.

Park Avenue

The Money-Empathy Gap
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Male 2,358
I find it a little odd that wanting to keep is called greed but wanting to take isn`t.

Some of you need to wake the f--- up and smell what you`re cookin`. I`ve never met a single person in real life who bitched and moaned about the evil bidnezz keeping him down that could have possibly been worth a damn at his job.

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Male 5,881
"It would be beter to find a way to motivate the disgustingly rich to do such things voluntarily."

It`s called charity and it doesn`t work because there`s nothing "charitable" about it. They do it for a benefit a tax break not because they feel obligated to do so. The whole premise of find a way for greedy people to give money away doesn`t happen, have to change the problem Greed is the root problem.
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Male 2,711
As usual, our resident neo-conidiots have totally
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Male 2,841
Envy. Envy everywhere.
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Male 14,330
It would be beter to find a way to motivate the disgustingly rich to do such things voluntarily.

Ever watch the history channel series The Men who built America this is not a new phenomenon.
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Male 14,330
If you try to take and redistribute the 1% wealth they will move to a place were they don`t do that. Besides trusting the government to do that is crazy they would take cuts of it at every chance they get which is what happened with communism.
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Male 1,920
cont.
The market is driven by corporations striving to be better. As soon as a corporation backs off someone will want what they have and take it.
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Male 1,920
[quote]He`s talking about the fact that the corporations are reaping huge profits, but ignoring their social responsibility by barely paying their employees enough to sustain them.[/quote]

Corporations have no `social responsibility` to pay their employees anything. It is a corporations responsibility to see to its bottom line as long as it is not doing anything illegally. If an employee does not like his wages or working conditions then he should seek other employment. The corporation will quickly realize that if they cannot retain employees, or obtain the best talent, then they will rethink their pay scale.

[quote]Furthermore, because the market is dominated by a few huge corporations, there is no longer much choice of who to support with you money[/quote]

BS. At one time Blackberry was the top of phone market. Apple put their money on the line to come up with a better product, and reaped the rewards. Other companies are now taking Apple on.
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Male 1,471
McGovern: First of all, that`s not any kind of argument. Hitler built highways, that doesn`t make highways evil.

Second of all, watch the TED talk i linked to Andrew155. The tl;dw version: Lower wealth inequality in a society is better for everyone, including the upper class, irrespective of the GDP per capita. His conclusion is not based on conjecture, but in cold hard data. Don`t believe me; watch it.

Here`s the link a second time, in case you`re lazy.
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Male 3,445
Why couldn`t you have just posted the original video instead of this guy`s commentary?
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Female 355
Why are all these videos the same They are never anything more then someone whining and adding one more self righteous "wake up" video onto the internet isn`t helping.

I assure we`re awake, We`re well aware of how empty our gas tank, refrigerator and pockets are. We want real change, but admit it or not we are afraid to act alone or in vain and are looking to people like him who have a following to step off of their soapboxes and be the first to put their convictions into actions, to not just establish but organize a solution. Instead he cries for freedom, screams for righteousness, but fights for nothing.
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Male 15,832
[quote]I don`t think we should live in a society where the rich have become plutocrats...[/quote]
So, leave. Who`s stopping you. There are dozens of socialist $#!+holes out there where they have People`s Committees to regulate "fair" business practices and decide what`s a "fair" profit. Some of these places even speak English. If you don`t like the way we do it here, just pick one and GTFO.
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Male 2,358
I`m supposed to take advice from a guy who looks like he lives in his mom`s basement?

Dude, if you looked like a grown up instead of Dungeon Master you might get taken more seriously at work and on the web.
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Male 132
You know what, These videos have been made since before the 2008 stock crash. The information is spread as far and wide as it will get.
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Male 14,330

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Male 1,471
@Andrew155: Maybe this answers your question.. At least partly.
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Male 1,471
[quote]Once again, Captain Fatf*ck misses the heart of the issue[/quote]

I think you are the one missing the point. He`s not talking about bad investment strategies or corporations being too big to fail.

He`s talking about the fact that the corporations are reaping huge profits, but ignoring their social responsibility by barely paying their employees enough to sustain them. Furthermore, because the market is dominated by a few huge corporations, there is no longer much choice of who to support with you money, and therefore the consumer is powerless to do anything about it through the capitalistic system.
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Male 2,578
Go to the EU. Visit Sweden, and then Germany, and then Greece and Portugal - and then tell me the EU is equal.


Philosophical question, though. If, say, the bottom 20% has the same amount in gross dollars in 2 societies, but the top 20% in Society A has 100 times more wealth than that bottom 20% and the top 20% in Society B has 1000 times more wealth. Is this bad? The alternative would be Society B`s wealth just not existing. There is more inequality in Society B, but the people at the bottom have the same level of wealth. Society B also has more total wealth, which would probably make it more economically and technologically prosperous and enrich the tax coffers greatly.
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Male 2,440
Once again, Captain Fatf*ck misses the heart of the issue: Cronyism. "AHHHHH! There`s wealth inequality!" No s#*t, doofus. Every time banksters and the other politically-connected get into trouble, they have their pals in D.C. simply prevent them from facing the consequences of their malinvestment.

As Russ Roberts put it, "Capitalism is a profit and loss system. The profits encourage risk-taking. The losses encourage prudence. Is it a surprise that when the government takes the losses, instead of the investors, that investing gets less prudent? If you always bail out lenders, is it surprising that firms can borrow enormous amounts of money living on the edge of insolvency?"
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Male 14,330
Oh you think it`s only the US ROFL!!
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Male 5,881
bleh, he`s got the right idea, his delivery is very abrasive though
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Male 5,811
Is this a surprise? Capitalism concentrates wealth, it`s just what happens. Any competition in a free-market economy eventually gets crushed or assimilated into businesses with more capital. It`s only going to get worse, especially with the current plutocracy.
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Male 1,950
Took me about 4 seconds to not like this guy. If he were on a seat next to me on a plane, I`d ask to sit somewhere else.
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Male 7,123
Oh, and this guy may well be right but I can`t stand him. Had to switch off. I could see he wasn`t going to be telling me anything new, just doing it obnoxiously.
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Male 7,123
I was thinking about submitting that graph video ony half an hour ago but I was distracted by a shiny thing.
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Male 1,471
Link: Contemplating Wealth Inequality In America [Rate Link] - Corporate profits are at record highs, while employee wages as a percentage of that are at record lows.
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