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Global wealth inequality: Looks like the top 1% are headed for a majority stake.

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Bowfinger

Lifer
Nov 17, 2002
15,776
392
126
If he came from nothing then he earned it. Pretty simple.
Also, pretty wrong. Did Al Capone earn his wealth? Bernie Madoff? Kenneth Lay? Again, the presumption that the mere possession of wealth proves it was earned is naive, to put it mildly.


Modern day 2015 the risk is skewed in investing to where the rich can't lose. Thats not how it always was, and it used to be risk vs reward.

Stocks are part ownership of a corporation. You can whine and bitch how powerful corporations have become or you could have bought some shares yourself 20 years ago. It was pretty obvious post 2008 that small businesses were raising prices due to the liquidity crunch and big corporations could weather it out. Who is guilty of buying a ton of boxed food circa 2009 because it was the cheapest thing to lower skyrocketing grocery bills? Ummm everyone?
Completely irrelevant to the question. For the umpteenth time, I have no objection to wealth in and of itself. I do object to wealth gained by rigging the system, by cheating for lack of a better term. Some wealth is clearly legitimate, some is clearly illegitimate, and some falls in the muddy middle. It isn't a simple-minded issue that can be debated with talking points and straw men.
 

Subyman

Moderator <br> VC&G Forum
Mar 18, 2005
7,876
32
86
Also, pretty wrong. Did Al Capone earn his wealth? Bernie Madoff? Kenneth Lay? Again, the presumption that the mere possession of wealth proves it was earned is naive, to put it mildly.
They did "earn" it and then they went to jail because they operated outside the law, which is regulation working. Earn just means to be compensated for work or service.
 

bshole

Diamond Member
Mar 12, 2013
8,302
1,203
126
Just in time for the next election. The Koch brother expose the utter corruption of the American political system and what the wealthy have done to it.

US Democrats have acknowledged that it will be difficult, and likely impossible, to match the nearly US$900 million that the conservative billionaire Koch brothers said their political network will spend during the 2016 campaign cycle.
Even so, the ability of Koch-backed groups to spend US$889 million raised from several hundred well-heeled donors puts the brothers' influence on par with that of the national political parties themselves. "It's almost as if these folks are creating their own third political party," said former Ohio Governor Ted Strickland, a Democrat.

http://www.scmp.com/news/world/article/1694373/democrats-know-it-will-be-difficult-match-us900-million-koch-brothers
 

glenn1

Lifer
Sep 6, 2000
25,388
1,013
126
Also, pretty wrong. Did Al Capone earn his wealth? Bernie Madoff? Kenneth Lay? Again, the presumption that the mere possession of wealth proves it was earned is naive, to put it mildly.

Completely irrelevant to the question. For the umpteenth time, I have no objection to wealth in and of itself. I do object to wealth gained by rigging the system, by cheating for lack of a better term. Some wealth is clearly legitimate, some is clearly illegitimate, and some falls in the muddy middle. It isn't a simple-minded issue that can be debated with talking points and straw men.
So what's your point? Plenty of poor people haven't "earned" it either then, whether it's through disability fraud, robbery, shoplifting, etc. Do you have a hard-on for them also? People do bad things, that's a fact of life and most people who aren't insane don't base their entire economic philosophy around people cheating.
 

Bowfinger

Lifer
Nov 17, 2002
15,776
392
126
So what's your point? Plenty of poor people haven't "earned" it either then, whether it's through disability fraud, robbery, shoplifting, etc. Do you have a hard-on for them also? People do bad things, that's a fact of life and most people who aren't insane don't base their entire economic philosophy around people cheating.
Yawn. Get back to us once you're able to honestly address points actually made. Your endless spouting of purely partisan straw men is useless and boring.
 

realibrad

Lifer
Oct 18, 2013
12,337
894
126
Also, pretty wrong. Did Al Capone earn his wealth? Bernie Madoff? Kenneth Lay? Again, the presumption that the mere possession of wealth proves it was earned is naive, to put it mildly.



Completely irrelevant to the question. For the umpteenth time, I have no objection to wealth in and of itself. I do object to wealth gained by rigging the system, by cheating for lack of a better term. Some wealth is clearly legitimate, some is clearly illegitimate, and some falls in the muddy middle. It isn't a simple-minded issue that can be debated with talking points and straw men.
I was talking to you about this, and we stopped on that thread, but lets pick it up again here.

The solution in my mind is to stop having the rich rig the system by using the government as a proxy tool. Free market works fine, and you dont need the top to take care of the bottom. What you needs it the government to stop taking from the poor. Very little that is taken from the poor goes to the top fyi.
 

Jeff7

Lifer
Jan 4, 2001
41,604
17
81
Just in time for the next election. The Koch brother expose the utter corruption of the American political system and what the wealthy have done to it.

US Democrats have acknowledged that it will be difficult, and likely impossible, to match the nearly US$900 million that the conservative billionaire Koch brothers said their political network will spend during the 2016 campaign cycle.
Even so, the ability of Koch-backed groups to spend US$889 million raised from several hundred well-heeled donors puts the brothers' influence on par with that of the national political parties themselves. "It's almost as if these folks are creating their own third political party," said former Ohio Governor Ted Strickland, a Democrat.
http://www.scmp.com/news/world/article/1694373/democrats-know-it-will-be-difficult-match-us900-million-koch-brothers
Or their own branch of government, one which has control of the other three.
 

DrDoug

Diamond Member
Jan 16, 2014
3,546
1,516
136
What we need to do is just get this over with already and give the 1% all of our cash.

Once we do that then the .1% can cannibalize them.
 

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