Are You in the Top 1% ?

"Better" is subjective. You can go through a doctorate program abroad in shorter time than you can here in the U.S. but do you think the value of that education is the same?

My wife is a professor at a woman's college. Among the courses she teaches is research. One of the interns at her other job was educated in Pakistan and this intern was astonished at the scope of my wife's APA program because the intern's research program consisted of nothing but reading abstracts.

 

Sorry, I'm not American. I have no idea how your education system works. Ours is nationalised, like our healthcare.

 

Data? Visit an Ivy League college and count the number of NE Asian and Indian students and compare it to the national average for these groups. Do you think genetics got them there?

 

Fair point; but I'd be remiss if I didn't mention that I'm not looking to Pakistan for what they're doing in their public schools, nor am I really speaking about the collegiate level. I'm talking about regular public schools.

 

Oh, that definitely changes things - my bad, I didn't now.

Where are you from? How does school funding work where you're from? Everything is divided evenly?

 

it's our fault if they don't take advantage of their opportunities, obviously.
We should follow them around and shake their ding dings after they pee too.

 

You may be astonished how many doctors educated in Pakistan are practicing here in the U.S.

http://www.npr.org/sections/health-...lights-u-s-dependence-on-foreign-born-doctors

I didn't pick Pakistan out of a hat. It's actually a thing.

 

https://www.khanacademy.org/
https://www.coursera.org/
http://academicearth.org/

What do you want your kids to learn that isn't available on any of these sites?

 

I don't believe that was said. poverty is a personal decision.

 

If your language is...iinsanity
Poverty is generally inherited.

Can it be overcome?

Yea with an enormous amount of luck and preserverence but a choice it is not

 

I think that what @tharock220 meant was that TO REMAIN IN POVERTY is a personal decision.

 

With all of the available opportunities you have to noone to blame but yourself if you remain in poverty

 

Exactly.
If you sow jack ****, you reap jack ****

 

Before the late 70s about 10% of economic growth went to the top 1%. This is because the top 1% was earning 10% of income and that remained unchanged for decades meaning that growth was even. After that 60% of economic growth went to the top 1% which resulted in now 20% of income now being earned by the top 1%. Is this healthy for our economy for economic growth to be so lop-sided?

 

the issue is not taxation. The issue is the FED, cheep credit and the financializaion of the economy. It rewards the paper shufflers, who produce nothing with massive profits, while stifling the general economy.
During the 2008 recession these same paper shufflers were rewarded with trillions in free money and interest from the FED, while simultaneously having trillions worth of their losing assets removed form their books.
Do you even have to wonder why things are getting lopsided. It ain't the guy making $500K and the idea that 39% is not enough.
He's not even a pimple on the ass of the wealthy.

 

It is absurd to think that everybody's opportunities have to be exactly the same, but since you mentioned New Orleans, their rates have significantly improved since Katrina and the aftermath, including one of the highest black male graduation rates for urban areas https://www.louisianabelieves.com/d...ieves-v5-high-school-performance.pdf?sfvrsn=2

 

Can you read? You just quoted this

Can it be overcome?

Yea with an enormous amount of luck and preserverence but a choice it is not

 

How do these things promote paper shufflers? How many people are paper shufflers and are they rich? When did the FED give trillions to paper shufflers?

 

did you not realize that the FED took failing assets off the books of the wall street banks and replaced them with 1.3Trillion dollars in cash each of four years running ?

 

it doesn't take much luck to not be impoverished if you take advantage of all the opportunities present, and work at it for years.

 

1. Why did the FED do this?
2. Was it illegal?
3. Do you have proof this happened?

 

this was QUANTITIVE EASING. What do you think those securities are on the balance sheet of the FED that it plans to sell back into the market, as Yellen said yesterday ?
it's not illegal. Surprised ?

 

Quantative easing is the creation of money, basically inflation. The government has been doing this for a long time. Even a long time ago minting new gold dollars is the same thing on a smaller scale.

 

How does the FED introduce the created money into the system? Do you know ?
No it is not the same as minting Gold. Gold that is minted already exists. QE credits digits onto the accounts of the recipients. The digits are created that second, from nothing.
You need to research how central banks create currency.

 

Why should something physically exist to be currency?