That's rich

[archenemy]

"For the third consecutive year, the rich got richer. In this, the 24th annual edition of The Forbes 400, the collective net worth of the nation's wealthiest climbed $125 billion, to $1.13 trillion. All but 26 people on our roster are billionaires."

 

Forbes

 

The division between rich and poor continues to widen.

[knelson]

The division between rich and poor continues to widen.

 

Well... duh. Always has, always will.

[Camilo]

Don't worry. Their money will constantly trickle down into the hands of the middle and lower classes. That's why we have tax cuts.

[archenemy]

Yeah, supply side economics is proven.

[olyclimber]

and you can get jobs as maids and bellhops if you aren't rich. the money will trickle right into your pocket!

[archenemy]

And you can work in the evening to suplement your WalMart paycheck!!

[TREETOAD]

It is customary to fatten the pig before eating it.

[Camilo]

Oops, I forgot the in my post. Carry on.

[olyclimber]

I just broke a fingernail. Intelligent design tells me that the only recourse I have is tax cuts for the rich.

 

And maybe drill in some refuge or something.

[Camilo]

Exactly. Liberals would just want to throw taxpayer money at it. Pansies.

[cj001f]

Always has, always will.

In relative terms thats not true.

 

vs.

[selkirk]

That's just a waste of money and won't fix anything. I think we should just give representatives and public officials raises. They deserve it for keeping the money away from the grubby poor people!

[KaskadskyjKozak]

"For the third consecutive year, the rich got richer. In this, the 24th annual edition of The Forbes 400, the collective net worth of the nation's wealthiest climbed $125 billion, to $1.13 trillion. All but 26 people on our roster are billionaires."

 

Forbes

 

The division between rich and poor continues to widen.

 

Are you in the top 50%? If so, and you feel so bad about the "widening gap between rich and poor", nothing is stopping YOU from donating a portion of YOUR salary to someone in the bottom 10% thereby equalizing your income with theirs. Go for it.

 

Oh, yeah, I forgot, the definition of rich for a liberal is:

"someone who makes more than me"

or better yet

"a conservative who makes more than me and doesn't work in arts or entertainment, or head a left-wing interest group"

 

[TREETOAD]

There is no left wing in the United States, they were all purged in the fifties and sixties during the last evil empire scare.

[cj001f]

Are you in the top 50%? If so, and you feel so bad about the "widening gap between rich and poor", nothing is stopping YOU from donating a portion of YOUR salary to someone in the bottom 10% thereby equalizing your income with theirs. Go for it.

Please KK, explain why social stagnation is a good thing.

[knelson]

Always has, always will.

In relative terms thats not true.

 

vs.

 

Interesting graph.

 

I'd be curious to know what their definition of "Family Income" is, and if it's the same between the two graphs. Looking at the website those came from, I see their data source is different for each graph. Bells and whistles should be going off in the head when this happens to be watching for some funny business with the statistics.

 

But even if it is true, my point is simple...

 

Those with more disposable income have more to invest thus generating more disposable income, thus having more to invest... It's hard to make something out of nothing. The gap just keeps getting bigger.

 

I'm not sayin' that's a good thing...

[archenemy]

"For the third consecutive year, the rich got richer. In this, the 24th annual edition of The Forbes 400, the collective net worth of the nation's wealthiest climbed $125 billion, to $1.13 trillion. All but 26 people on our roster are billionaires."

 

Forbes

 

The division between rich and poor continues to widen.

 

Are you in the top 50%? If so, and you feel so bad about the "widening gap between rich and poor", nothing is stopping YOU from donating a portion of YOUR salary to someone in the bottom 10% thereby equalizing your income with theirs. Go for it.

 

 

This is my favorite response to this issue. There is always one idiot who makes it.

 

Yeah, a donation will certainly fix the systemic problem.

[KaskadskyjKozak]

"For the third consecutive year, the rich got richer. In this, the 24th annual edition of The Forbes 400, the collective net worth of the nation's wealthiest climbed $125 billion, to $1.13 trillion. All but 26 people on our roster are billionaires."

 

Forbes

 

The division between rich and poor continues to widen.

 

Are you in the top 50%? If so, and you feel so bad about the "widening gap between rich and poor", nothing is stopping YOU from donating a portion of YOUR salary to someone in the bottom 10% thereby equalizing your income with theirs. Go for it.

 

 

This is my favorite response to this issue. There is always one idiot who makes it.

 

Yeah, a donation will certainly fix the systemic problem.

 

Donate every dollar you make over the median income to people who make less than that amount every year of your life. Facta non verba, archenemy.

 

You dislike my response because you're full of crap - like all liberals charity begins with someone else's bank account (the so-called "rich").

[olyclimber]

ya...those so called rich people aren't really rich. like richie rich, the poor little rich kid.

[Stonehead]

I don't believe it's the fact that there is inequity in pay structure, it's just that the inequity is so great. Why do some of the CEO's deserve the money if they have no ethics, eg, Enron, WorldCom, Tyco,...

[cj001f]

Looking at the website those came from, I see their data source is different for each graph. Bells and whistles should be going off in the head when this happens to be watching for some funny business with the statistics.

Umm "Source: Analysis of U.S. Census Bureau data in Economic Policy Institute, The State of Working America 1994-95 (M.E. Sharpe: 1994) p. 37, and U.S. Census Bureau, Historical Income Tables, Table F-3." those are the same sources. Historically part of the reason behind seamingly punitive tax policies was income redistribution, to combat the capital gap.

[KaskadskyjKozak]

Please KK, explain why social stagnation is a good thing.

 

I'll bet your plot correlates quite well with the size of government - bigger government = more "social stagnation". Your solution would be, of course, bigger government! Or would it be "revolution"? Sorry, but I'll take stagnation over those alternatives.

[Stonehead]

-charity begins with someone else's bank account (the so-called "rich").

 

Yeah, kinda like how Bush takes tax money and gives it to faith-based charities.

[KaskadskyjKozak]

ya...those so called rich people aren't really rich. like richie rich, the poor little rich kid.

 

Define rich. Of course, you'll be excluded from the definition.

[KaskadskyjKozak]

-charity begins with someone else's bank account (the so-called "rich").

 

Yeah, kinda like how Bush takes tax money and gives it to faith-based charities.

 

Exactly. Time to cut back government and get it out of the charity business.