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Thread: Redistributing wealth upward
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10-03-2012 #1
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Redistributing wealth upward
This pretty well says it all.
Indeed, the United States has experienced an upward redistribution so profound that it affects far more than incomes. Whole sectors of the economy and regions of the country have been decimated by these economic changes. The descent in all manner of social indexes is most apparent among poorly educated whites. Conservative commentator Charles Murray has documented in his new book the decline in marriage rates and family stability within the white working class. And now, as the New York Times’ Sabrina Tavernise has reported, that decline includes longevity as well. While other Americans’ life expectancy has advanced, the life expectancy of whites without high school diplomas has declined since 1990 — by three years among men and five years among women.
The market is not just redistributing income in the United States, then. It is redistributing life.A pro-life party? More like its opposite.
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10-03-2012 #2
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Re: Redistributing wealth upward
Here is another look at the wealth in America.
Broken down into numbers and pictures we can understand.
Many people don’t understand our country’s problem of concentration of income and wealth because they don’t see it. People just don't understand how much wealth there is at the top now. The wealth at the top is so extreme that it is beyond most people’s ability to comprehend.
If people understood just how concentrated wealth has become in our country and the effect is has on our politics, our democracy and our people, they would demand our politicians do something about it.
How Much Is A Billion?
Some Wall Street types (and others) make over a billion dollars a year – each year. How much is a billion dollars? How can you visualize an amount of money so high? Here is one way to think about it: The median income in the US is around $29,000, meaning half of us make less and half make more. If you make $29,000 a year, and don’t spend a single penny of it, it will take you 34,482 years to save a billion dollars.
Here's the reality: Income inequality is actually greater in the United States than it is in Egypt. Politicians here have close financial ties to big corporations, both personally and through their campaigns. Corporate lawbreakers often do go unpunished. Poverty and unemployment statistics for US minorities are surprisingly similar to Egypt's.
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10-03-2012 #3
Re: Redistributing wealth upward
Redistributing wealth are not obligations of the U.S. government. You get your food stamps and you get your unemployment checks and whatever else you get. If you want more you need to work for it..like the rich do
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10-03-2012 #4
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10-03-2012 #5
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10-03-2012 #6
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Re: Redistributing wealth upward
How can you possibly define food stamps and welfare checks as wealth?
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10-03-2012 #7
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