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Richest 1 percent earn biggest share since '20s

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Vic Vega said:
Luck is irrelevant. Hard work is irrelevant. Laziness is irrelevant.

People have what they have and you have what you have. This is the way of the world.

You can affect what YOU have.

Anyone who doesn't get this is comatose.

You guys can come on this forum and live in fantasy land all you want, call each other right and deny reality, it doesn't change anything.
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Until there is enough people who don't have anything and they vote themselves (taxes, etc) yours. That's the way of the world too and there's nothing you can do about it (other than leave the country or quit working/paying taxes).
 
Vic Vega said:
Oh really? Then why do the "1%" have more than you?

You're wearing the blinders, moron.
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I'm part of the 10% myself, but frankly your outlook about everyone having what they have and it being all that needs to be said is, again, close-minded horseshit. Some people are born into poverty, some are born into wealth. Some are born with illnesses or are born in dictatorships with no education and thereby no opportunity. Many come to this country from those countries. Not everyone shares your background or outlook; likely, very few people share it, relative to the rest of the planet. If you were a more well rounded and well traveled person who met more people unlike them, perhaps you'd understand this.

People have wealth or they don't. Gee, no shit. Once you're ready to think about all the reasons why (and no, hard work isn't the only reason), come back and have a big boy conversation with us.
 
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Vic Vega said:
Luck is irrelevant. Hard work is irrelevant. Laziness is irrelevant.

People have what they have and you have what you have. This is the way of the world.

You can affect what YOU have.

Anyone who doesn't get this is comatose.

You guys can come on this forum and live in fantasy land all you want, call each other right and deny reality, it doesn't change anything.
Click to expand...

I am not understanding you. Can you take another swing at explaining this?
 
Meanwhile the 1% pillage America the rest are reeling

9-18-2013

http://wallstcheatsheet.com/stocks/...ill-stuck-in-the-great-recession.html/?ref=YF

The Great Recession technically ended in the summer of 2009 after the U.S. gross domestic product rebounded from bottom-levels and started to expand. However, to any American not looking at the textbook definition, the recession is still being felt across the country.


According to a new report from the U.S. Census Bureau, millions of households are struggling in the wake of the financial crisis. Real median household income in 2012 totaled $51,017, down slightly from $51,100 in 2011. Incomes have now declined for three consecutive years, and remain 8.3 percent below 2007 levels, the year before the nation entered the worst financial downturn since the Great Depression.



Furthermore, the nation’s official poverty rate last year was 15 percent, representing 46.5 million people living at or below the poverty line. That is 2.5 percent higher than in 2007.
 
Yes we keep fighting among ourselves and the 1% keep siphoning up loads of money from us cause hey, we got a 10%'er here.

10% is such a far cry from wealthy its not even funny.

https://www.youtube.com/watch?v=QPKKQnijnsM

The boomers are just as guilty of entitlement thinking as everyone else with their pensions. They let someone else hold their money for awhile. Let me know how that works out for you. The boomers are just as naive as anyone else its just they are 100% convinced they are getting their retirement. There isn't enough resources to pay for all the boomers to retire at the standard of living they expect. Either we inflate away the liabilities or cut them drastically. It has still yet to be seen and the older boomers who are retiring are getting the best deals right now but it won't last that way forever because most pensions are underfunded. You can't fight the lopsided demographics, no matter how many financial games you play. Gen Y will be footing the bill for the boomers retirement end of story.
 
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Well the Fed just acknowledged its clueless. While admitting the economic recovery missed their expectations (for them to admit this clues you in to how bad the real economy is), they have nonetheless kept the course that has greatly accelerated economic inequality.

Money printing will continue until moral improves, so saddle up boys.

Asset bubbles greatly enhance the wealth of those in prove large and power, the expense is everyone else's financial we'll being. We are building bubbles in equity markets, housing, and continuing to blow into the biggest bubble of them all - the bond market.
 
OverVolt said:
siphoning up loads of money from us
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Who the hell is siphoning up loads of money from you except for the government which you're probably convinced doesn't have enough?

No one in the private sector is taking any money from you except what you're giving them in exchange for whatever services.
 
Matt1970 said:
Maybe I am just lucky since the 1% hasn't taken anything from me.
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Oh rly?

I'll bet you own devices with a windows OS. Issues: Software patents, bullying competitors, found to be a monopoly and "broken up" only that never happened.

Intel device? Well they paid suppliers off to not carry competing products, doing untold billions of dollars in damage to AMD, and stifled the innovation of the world.

I'll bet your computer has DRAM. A bunch of CEOs got together and colluded on prices, costing everyone billions. Rambus gets a cut of all DDR memory due to backhanded patent use. And oh man lets not even talk about the offshoring issue, pretty much all electronics are made in China. How many welfare recipients and unemployment checks have come out of your taxes?

Goldman drove of the price of (name a commodity) and dumped it back on the market, manipulating themselves billions. They sometimes bet against their own fraud blatantly and then lied about it front of congress and got caught, and still no one is in jail.

Bankers have defrauded the world economy of literal trillions of dollars.

There is no way that the corruption at the top and corporatism hasn't affected you, you are just not looking.
 
Vic Vega said:
Oh I care, but again, your ineptitude isn't my problem. Did you attend public school in a Democroat district? You have my sympathy.
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Except your inability to communicate effectively to the audience (including me) is evidence of your ineptitude, while my inability to understand your confounding text is not indicative of mine.

Sorry you don't have the means to elaborate on your original point with any further lucidity. I want to be able to find value in your post, but I could not. I'm not sure why you respond to a request for elaboration with hostility towards me... but again, I assume not enough love from your mom.
 
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