Progressives worst nightmare: Wealth increasing WORLDWIDE

[blackangst1]

We all know the mantra from the progressives and much of the libers...wealth is bad. Well, it seems this news will make them cringe - wealth worldwide is UP to and beyond pre-crash levels. How can this be? Could it be that business is actually good? Or is it that its not just the US government that "caters to the rich"?

My opinion? This is good news.


Asia's Rich Outpace Europe as Global Wealth Rebounds


The number and bank balances of the world's millionaires have rebounded to above pre-crisis levels, but demographic and geographical shifts are changing the face of global wealth, according to a report on high net worth individuals by CapGemini and Merrill Lynch, released Wednesday.

The number of high net worth individuals (HNWIs), defined as individuals with investable assets of more than $1 million, grew by 8.3 percent between 2009 and 2010, compared to just 0.2 percent between 2007 and 2009, according to the World Wealth Management Report 2011. Total wealth held by HNWIs grew 9.7 percent in the same period.

Asia-Pacific has, for the first time, surpassed Europe in both the number and the wealth of HNWIs, the report said.
Growth in Africa and Middle East markets was strongest, with the number of HNWIs increasing by 11.1 percent and 10.4 percent, respectively. Asia-Pacific saw growth of 9.7 percent in the number of HNWIs and 12.1 percent in total wealth, taking the region above Europe in both categories.

North America saw growth of 9.1 percent of total wealth and 8.6 percent of the number of HNWIs, while 53 percent of all HNWIs are in three countries – the USA, Japan and Germany, the report said. China's growth has seen it accumulate 535,000 HNWIs, and India 153,000.
Hong Kong led the world in growth, with a 33.3 percent rise in the number of wealthy individuals, which the report attributes to more aggressive investment styles, meaning that HNWIs are strongly exposed to the country's well - performing real estate and stock markets.[/quote]

 

[sandorski]

Strawman fail.

 

[fskimospy]

 

[soundforbjt]

Great, then in your opinion, Obama has done well and deserves another term, correct?

 

[fskimospy]

Great, then in your opinion, Obama has done well and deserves another term, correct?

No, Obama is a progressive. The heroic Captains of Industry have successfully thwarted his attempts for worldwide poverty despite his best efforts. Didn't you hear? When economies grow under right wing presidents, it's due to their smart policies and free market acumen. When the same economies grow under Democratic presidents its due to business overcoming their evil actions.

Now you might say 'but wait a minute, then why has the American economy historically grown faster under Democrats than Republicans?'. That would be because GDP figures are an evil librul conspiracy.

 

[dmcowen674]

Great, then in your opinion, Obama has done well and deserves another term, correct?

Better than Bush, Palin, McCain et al

 

[Doppel]

It's consistent with record corporate profits in US but continued high unemployment and flat wages for the rest of us.

 

[Texashiker]

Isnt the goal of the one world government to distribute the wealth all across the world? So that the average American work is making about the same wage as someone in china?

When wages in mexico went up, companies moved to china.

Now that wages in china are going up, companies will be looking for their low wage countries, which will probably be africa.

 

[ComradeBeck]

Congratulations President Obama. Foxnews must be all over this I am sure.

 

[blackangst1]

Great, then in your opinion, Obama has done well and deserves another term, correct?

In the area of business? Yes. He's continued Bush's policies of maintaining a strong pro-corporate and pro-business environment. Interest rates are down, inflation is flat, and most markets are slowly growing.

Bet you didnt expect that answer did you?

 

[blackangst1]

Strawman fail.

Whats my strawman exactly?

 

[fskimospy]

In the area of business? Yes. He's continued Bush's policies of maintaining a strong pro-corporate and pro-business environment. Interest rates are down, inflation is flat, and most markets are slowly growing.

Bet you didnt expect that answer did you?

And yet Obama claims to be a progressive, so by your logic should be dismayed by the growth in our economy. Is is all part of a grand ruse?

 

[soundforbjt]

In the area of business? Yes. He's continued Bush's policies of maintaining a strong pro-corporate and pro-business environment. Interest rates are down, inflation is flat, and most markets are slowly growing.

Bet you didnt expect that answer did you?

So, He can count on your and other conservative-republicans like the Koch brothers vote then?

 

[Bowfinger]

Whats my strawman exactly?

"We all know the mantra from the progressives and much of the libers...wealth is bad."

 

[Craig234]

We all know the mantra from the progressives and much of the libers...wealth is bad.

Not reading further. You're being an idiot.

95% of what's said here about the left is wrong or lies, I can't remember the other 5%.

Liberals are not only in favor of wealth concentration, they're a lot better at it. As has been pointed out many times, wealth is created a lot better with liberals in power.

Progressives are opposed to - there are three words here, so stop ignoring two, all three are there for a reason - "excessive wealth concentration".

Excessive wealth concentration *REDUCES* the creation of wealth. And it means less wealth for most people.

The wealth creation liberals oppose is when it's too costly - lots of pollution, child labor...

 

[blackangst1]

And yet Obama claims to be a progressive, so by your logic should be dismayed by the growth in our economy. Is is all part of a grand ruse?

Lots of shit came out of his mouth that isnt true.

And I have no idea, nor do you, what Obama thinks of this.

 

[blackangst1]

So, He can count on your and other conservative-republicans like the Koch brothers vote then?

I cant answer for anyone else, only myself. And Im on the fence who Im voting for. Too early to tell.

 

[blackangst1]

"We all know the mantra from the progressives and much of the libers...wealth is bad."

Hey, they say it, not me *shrug* Do you need links?

 

[MovingTarget]

The OP knows less about liberals than he does about economics. He takes an article, which is decent in its own right, and draws the most assbackward conclusion possible.

 

[blackangst1]

Not reading further. You're being an idiot.

95% of what's said here about the left is wrong or lies, I can't remember the other 5%.

Liberals are not only in favor of wealth concentration, they're a lot better at it. As has been pointed out many times, wealth is created a lot better with liberals in power.

Progressives are opposed to - there are three words here, so stop ignoring two, all three are there for a reason - "excessive wealth concentration".

Excessive wealth concentration *REDUCES* the creation of wealth. And it means less wealth for most people.

The wealth creation liberals oppose is when it's too costly - lots of pollution, child labor...

Ah thank you, our grande partisan kool-aid drinking hack

Since you didnt read further, why the fuck you commenting on the thread? Propaganda push again?

 

[fskimospy]

Lots of shit came out of his mouth that isnt true.

And I have no idea, nor do you, what Obama thinks of this.

What possible reason would you have to think that Obama views increasing wealth as a bad thing? This is particularly odd since you earlier said that the policies he has supported have lead to increased wealth. If he believes it's a bad thing, he's working against his own goals.

Just admit it, your first few sentences were dumb.

 

[blackangst1]

The OP knows less about liberals than he does about economics. He takes an article, which is decent in its own right, and draws the most assbackward conclusion possible.

My conclusion, based on the fact that progressives, as Craig pointed out dislike concentration of wealth, is that there is more concentration of wealth than ever before, therefore they must not be happy about this.

Go over your head perhaps?

 

[blackangst1]

What possible reason would you have to think that Obama views increasing wealth as a bad thing? This is particularly odd since you earlier said that the policies he has supported have lead to increased wealth. If he believes it's a bad thing, he's working against his own goals.

Just admit it, your first few sentences were dumb.

Man you fail at reading. No where did I say Obama views this as a bad thing. In fact, I didnt even bring Obama up...another posted did. If you re-read what I posted, I said I dont know what Obama thinks of this.

 

[MovingTarget]

My conclusion, based on the fact that progressives, as Craig pointed out dislike concentration of wealth, is that there is more concentration of wealth than ever before, therefore they must not be happy about this.

Go over your head perhaps?

Progressives dislike excessive concentration of wealth, not concentration of wealth in general. They don't mind when total wealth increases, and in fact they think that part is just peachy. That is what you don't seem to get when you bring up the caricature of progressives that want everyone to be in poverty. What progressives do think is that the average working joe, in addition to the poor, have been cheated out of his fair share of that increased wealth by those at the tippy-top.

 

[Acanthus]

OP, do you know what the gini index is?