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Contemplating Wealth Inequality In America

Hits: 4837 | Rating: (1.8) | Category: News & Politics | Added by: Kain1
Page: 13 Next >   Jump to: Bottom    Last Post
DromEd
Male, 40-49, Eastern US
 1512 Posts
Tuesday, March 05, 2013 2:18:58 PM
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.


normalfreak2
Male, 18-29, Midwest US
 1344 Posts
Tuesday, March 05, 2013 1:50:54 PM
"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.

chalket
Male, 50-59, Southern US
 2481 Posts
Tuesday, March 05, 2013 1:49:17 PM
As usual, our resident neo-conidiots have totally

Solvent
Male, 18-29, Eastern US
 2855 Posts
Tuesday, March 05, 2013 1:20:05 PM
Envy. Envy everywhere.

McGovern1981
Male, 30-39, Eastern US
 13145 Posts
Tuesday, March 05, 2013 1:15:46 PM
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.

McGovern1981
Male, 30-39, Eastern US
 13145 Posts
Tuesday, March 05, 2013 1:13:19 PM
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.

MrPeabody
Male, 30-39, Eastern US
 1795 Posts
Tuesday, March 05, 2013 1:11:14 PM
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.

MrPeabody
Male, 30-39, Eastern US
 1795 Posts
Tuesday, March 05, 2013 1:08:14 PM
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.


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.

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


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.

Kain1
Male, 18-29, Europe
 1463 Posts
Tuesday, March 05, 2013 12:57:07 PM
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.

FoolsPrussia
Male, 30-39, Western US
 3397 Posts
Tuesday, March 05, 2013 12:56:14 PM
Why couldn't you have just posted the original video instead of this guy's commentary?

PinkHomicide
Female, 18-29, Eastern US
 345 Posts
Tuesday, March 05, 2013 12:52:27 PM
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.

OldOllie
Male, 60-69, Midwest US
 12979 Posts
Tuesday, March 05, 2013 12:44:30 PM
I don't think we should live in a society where the rich have become plutocrats...

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.

DromEd
Male, 40-49, Eastern US
 1512 Posts
Tuesday, March 05, 2013 12:44:04 PM
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.

BDT1981
Male, 18-29, Midwest US
 132 Posts
Tuesday, March 05, 2013 12:39:06 PM
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.

McGovern1981
Male, 30-39, Eastern US
 13145 Posts
Tuesday, March 05, 2013 12:38:53 PM


Kain1
Male, 18-29, Europe
 1463 Posts
Tuesday, March 05, 2013 12:22:47 PM
@Andrew155: Maybe this answers your question.. At least partly.

Kain1
Male, 18-29, Europe
 1463 Posts
Tuesday, March 05, 2013 12:17:49 PM
Once again, Captain Fatf*ck misses the heart of the issue


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.

Andrew155
Male, 18-29, Eastern US
 2564 Posts
Tuesday, March 05, 2013 12:07:06 PM
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.

Pooptart19
Male, 18-29, Southern US
 2265 Posts
Tuesday, March 05, 2013 11:53:48 AM
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?"

McGovern1981
Male, 30-39, Eastern US
 13145 Posts
Tuesday, March 05, 2013 11:46:37 AM
Oh you think it's only the US ROFL!!

normalfreak2
Male, 18-29, Midwest US
 1344 Posts
Tuesday, March 05, 2013 11:44:47 AM
bleh, he's got the right idea, his delivery is very abrasive though

patchgrabber
Male, 30-39, Canada
 5684 Posts
Tuesday, March 05, 2013 11:44:15 AM
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.

fancythat
Male, 30-39, Eastern US
 1853 Posts
Tuesday, March 05, 2013 11:30:19 AM
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.

LordJim
Male, 50-59, Europe
 4176 Posts
Tuesday, March 05, 2013 11:19:28 AM
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.

LordJim
Male, 50-59, Europe
 4176 Posts
Tuesday, March 05, 2013 11:16:27 AM
I was thinking about submitting that graph video ony half an hour ago but I was distracted by a shiny thing.

Page: 13 Next > 

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