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

Completely wrong. The fruits of labor are what is produced. The value of your labor is a function of supply and demand, not the value of what is produced.

People didn't suddenly stop improving the value of their labor in 1981. Something else happened that year that caused inequality to skyrocket.

And in fact, productivity has continued to rise. But compensation has not increased with it:

 

All working people should share in the wealth they help produce. No one expects their incomes to go up as fast but they can go up the same proportionally.

What do you have against working people that they can't share in the growth they help produce? Besides greed and selfishness, I mean.

 

no outage necessary. Poor people's existence has nothing to do with Bill Gates' wealth.

 

You want people to be angry that somebody else is really really good at making money? Why? Jealousy? Envy? Victimization?

I don't know what is so hard about understanding that you, and nobody else, is any poorer as a result of them being wealthy.

So, why would you be angry?

People have to justify their wealth? If the market will pay for whatever service they offer, then they are justified.

You are of the collectivism opinion that somehow people's wealth should be directly related to their contribution to the collective. Sorry, doesn't work like that. You are stuck in the mind warp that is progressive liberal collectivism.

People make money for themselves. End of story. You do, I do, they do. They did a fantastic job of earning the wealth that they have. Is it just for them that the expectation exists that they owe something to somebody else for that wealth? I just really don't get the mentality.

You mean theft of something that isn't yours because you feel somebody owes you something you didn't earn?

Let's look at a couple of the people on the top of the list and see if any of those non-sense talking points are true:

Bill Gates - Founder of Microsoft
Jeff Bezos - Founder of Amazon
Warren Buffett - Founder of Berkshire Hathaway
Mark Zuckerberg - Founder of Facebook

Really? Really?

No, they are just smarter than you and came up with an idea that earned them extraordinary wealth. Good for them. I can say without a doubt that the world is a better place with their inventions, investments, and ideas.

Labor fights back because they are pissed they aren't as smart or intuitive when it comes to making money. So they rally together to try and justify stealing.

Call it what you want, all I see is crying.

 

So... are you telling us that these three people are more clever and that they're smarter than 50% of the population? Are you telling us that 50% of our population are just hopeless 'bustouts" who just can't 'make it' unless they get various kinds of welfare and "subsidies"?

Look, by now we all know that a mainstay for the wealth of the economic upper-class is the stinking, rotten U. S. Tax Code, which absolutely sags with huge numbers of tax loopholes, tax shelters, exclusions, deductions, exemptions, etc. BUT, does that, all by itself, account for the fact that some people can make a success of life, and so many others say that they simply cannot?

Since February 2009, a LOT of Americans grew relatively comfortable just sitting on their dead asses and having government welfare shoveled at them during the Obama regime. Is there any possibility that this has had anything to do with so many Americans still, after all this time, being "down and out"...?

 

Some people simply are incapable of comprehending zero sum economics as a fallacy.

Land is finite. Wealth is not.

Ideas and innovation are finite?

Wrong.

 

Are you implying that those 3 families are not paying their employees?

 

How is McDonalds and Walmart a monopoly when you have Burger King and Target or thousands of other competing businesses?

 

And the left thinks taxes are a means of redistributing wealth instead of just paying the countries bills.

 

What exactly are you outraged about?

Are you saying that if you are rich you don't work? Are you saying Elon Musk, and Jeff Bezos didn't work hard and earn their Money?

 

You are on a roll!

 

You must not have realized that this was an analogy and not an attempt to look down on women.

 

Amazon is just increasing the rate of entropy production by making transactions more efficient. That's not in violation of the 2nd law of thermodynamics.

 

Oh, I comprehend the idea of non-zero sum very well. It seems to be the economists, though, who seem to have a problem to comprehend the law of conservation of energy and matter. If they would understand these laws, they would realize that non-zero sum and exponential economic growth are possible in a finite system only for short periods of time.

 

By making a mundane task (shopping) more efficient, the customer now has more free time to use as he/she pleases.

Your theory is saying that the farm tractor and harvester did not add anything of value either. Ditto for airline travel, the combustion engine, etc.

Innovation grows the pie, there are inevitably going to be winners and losers. There will also always be a poverty line for politicians to pretend to care and pander to.

 

Why are you talking about 1981 when your chart shows a clear and distinct falling hourly compensation rate starting almost to the minute of Jimmy taking office that took 20 years to stabilize. Productivity per hour and hourly wages were on an identical upward trend right up until 1977 when a devastating downward trend started for hourly compensation. What did Jimmy do that it took so long to stabilize?

 

You hire a painter to spruce up your house before putting it on the market and they do a nice job. The house shows very well and sells for 10K more than it would have with out that painters paid work done. Should the painter share in your 10K?

 

Futures trading drives increased costs of goods sold to consumers. It also drives the supply. They warehouse plenty and release it after prices go up. It's a sick nation we have. I don't see a solution when we have leftist idiots being duped by those they hate to believe they are doing the right things. They contribute to their own decline.

 

I think I have more wealth than many, it's just not in dollars. I have everything I've ever wanted. To many people care to much about money. To have a million dollars or 10 million would not make me happier. I Like working and knowing it was me that did this. No pride in paying others to do what you can do yourself or in take from others what you did not earn.

 

No.

 

So you were incorrect in saying the proceeds of their work are not bei by shared. They are being shared in the form of wages for their work.

 

Some don't, but no, I'm not saying that.

I don't know personally what they do. However, it's a safe bet to assume that much of the income and wealth they received was attained by leveraging the efforts of others.

Are you saying poor and middle class people don't work and earn money?

Why shouldn't middle/poorer working people share in the growth and prosperity they helped create?

 

Then what are you saying?

2 of the richest entrepreneurs in the US.

"Leveraging the efforts of others" is something youj will have to explain further.

I'm saying the exact opposite. They earn the money that their skills and education demand in the job market.

They do, it's called wages.

 

Lol.

They're part of a club man. And they do not ever want you to be a member of that club.

They will impede you at every turn.

 

Ideas and innovation are infinite. The resources to achieve that reality, however, are finite.