Breaking: 3 Richest Americans Now Own More Wealth Than Bottom 50%

Yeah I have and not asking to repeat anything since you haven't said it in the first place.

How much wealth should you have now that the wealthy prevented you from obtaining and how did they do it?

 

Forget about individuals since the discussion of growing income inequality is not about individual high-income people. Talk about how the wages of sections of the working class are suppressed while the incomes of top-earning sections go up dramatically even beyond the inflation rate.

 

I already did. I said your excuse is BS. You follow links when it's in your interest.

 

Who decided this is about me or other individuals?

 

But people are individuals we are not all some lump of people. The top earners are the MOST successful, they don't work for hourly wages or fixed salaries. Learn the difference.
So again when were YOUR wages or salary suppressed and how did people at the top prevent you from gaining wealth?

 

Your question has been answered. You just don't like the answer so you play this right wing game to avoid the truth.

 

My wages did fine, as did my pension since I worked for the state government. So I guess I don't really have any argument. Do you agree?

 

Uh, actually yes. They have created millions of well-paying jobs.

These types of articles are incredibly misleading and all too often fool the gullible (as you demonstrate). I am, all by myself, wealthier than the bottom 25% of American households combined. How do I know this? Because 25% of American households have a negative net worth. By virtue of the simple fact that I have a positive net worth, I am richer than 1/4th of the country *combined*.

 

And you complain other people got wealthy and held down you accumulating wealth. Give us a break.

 

IMO a 'solution' must be something attainable. I don't believe 'today' that your comments are viable solutions. I also don't have any solutions to offer because I firmly believe few people care about this topic. Lots of people will say they care as long as you don't ask those same people to sacrifice or change something. Based on our collective performance today, and in the foreseeable future, we as a nation are almost incompetent! I've stated elsewhere on here that as a nation we can't even decide if we wish to teach cursive reading/writing so how can we expect government to ever tackle more complex issues?

There is much more cost than the actual paycheck! Your $44,148 worker probably costs close to $100K when you add all the benefits and taxes and administration.

Some government spending creates jobs but not all of it. This is why I challenge anyone to assess our current economy, unemployment numbers, etc. when our government is spending $4+ trillion per year? The true economy, in the private sector, is greatly skewed by government spending. An example will be just stop deficit spending of $500+ billion each year and see what happens to the economy? This deficit spending might be funding 5 million American workers.

Depends on what type of jobs you wish to create? I don't see unemployment as an issue today?

Good luck!

Good luck again finding consensus on anything regarding people and government...

 

And what's blameworthy about that?

 

Some disability policies end at age 65.
Mine is for life.
And yes, I had wise investment counselors.
Later it occurred to me none of them were rich.

The market meltdowns have been pan market. Not sector.
Sure it "recovers" but I just can't believe it could pay a retirement.

And in less than a year, I get my maxed out Social Security.
My disability started age 48. Hard to be a physician with Essential Tremor.
Patients don't like shaky doctors.

 

Cause you go on Medicare and Social Security.

And you can or at least could purchase one, not sure what Obamacare is doing to that market.

Not really wise but you don't need them to retire with a lot of money, just buy stock index funds, you'll do as good if not better than most account managers.

Yes and if you are a long term investor using dollar cost averaging and compound returns they are periods where you can buy at a bargain price.

About 16 months for me and with SS and my retirement funds will still net about what I make today without affecting the principle.

And I can't think of any evil rich people who have suppressed my income or my wealth because they made a lot of money.

 

2 Answers

1) No they just dilute your dollar

or if you prefer​

2) Remember to look under the bed before you go to sleep.

 

Bill Gates, Jeff Bezos, Warren Buffett, and Mark Zuckerberg (#4) have given you the computer, Amazon, and Facebook you use daily. What have you done to justify your supposed outrage that these people are so rich? Latest report is that Jeff Bezos has now surpassed Bill Gates in the #1 spot. So more power to the billionaires, I say. Let's see another hundred people become billionaires this year. You know, in the 1890s, it was easy to say, "Oh, those people stole from the rich to make their billions," because they were producing goods like oil & steel, railroads & meat packing. It's hard to even see how someone who sells zeros and ones is "stealing" anything from anyone.

 

No they don't with their investment in the economy my dollars grow. It's government spending and debt that dilutes my dollars, you know what I bet you want to engage in. When the government prints money and adds to the debt and sends it to a poor person and that person goes out and spends it that's when my dollar gets diluted.

 

Gov't prints money and
"gives it to banks to loan out and profit from"
with no downside - just like a rich person's investment.

 

That's the fed gov working though the federal reserve, which would not exist on a free market. In essence, it's the government.

 

It's the gov't serving the plutocracy.
Free money to banks to make loans and profit or lose and receive more free money.

 

As I'm in favor of the separation of religion and state, I am also in favor of money and state.

 

Speculative monetary policy and unbridled banking practices have
always let to monetary instability. True?

The Constitution does give the Federals the powers over currency.
That's just the way it is. Like gun ownership and the 2nd.
Too bad about the 10th. R.I.P.

 

You're the one who said it.

 

Agreed

The constitution gives the general government the power to coin money. So that raises the question, coin what exactly?

 

I didn't say anything was blameworthy. I think it was you who used the word "blame".

 

Well they did have a history of unsubstantiated Continental currency.
If they wanted to be specific, they would have been.
Isn't backed by "gold and silver" in there?