Richest 1 percent earn biggest share since '20s

[Slew Foot]

1% is up to 394K now? F'n wallstreet aholes, I barely qualify now.

 

[dmcowen674]

The thread deserves little response other than to acknowledge the title:


We EARNED it. That is why we are in the 1%. You want in? Earn it god dammit and stop your crying.

Prove how you have "earned it".

 

[Zaap]

Pfft. Like any of u losers whining at someone else to give u what they have are ever worried about earning anything. To you it's all about what you can elect some thief in a suit to steal from someone else, because you don't even have the guts to put on a mask, grab a gun, and go steal from other people yourself. Plus most class-envy whiners are too damn lazy to be the criminals your mindset is in the first place. You're just criminals who want to rob and steal by proxy- more worthless than your for real counterparts.

 

[Abwx]

Pfft. Like any of u losers whining at someone else to give u what they have are ever worried about earning anything. To you it's all about what you can elect some thief in a suit to steal from someone else, because you don't even have the guts to put on a mask, grab a gun, and go steal from other people yourself. Plus most class-envy whiners are too damn lazy to be the criminals your mindset is in the first place. You're just criminals who want to rob and steal by proxy- more worthless than your for real counterparts.

Actualy forced wanabee criminals that want to steal
from proven wide scale criminals....

 

[Acanthus]

Heres a radical idea!

Get off your ass and invent somthing, start a buisness, become famous. So you are pissed that companies put in MASSIVE amounts of stress, lost sleep, money etc.. to start a place that will willingly share its profits with you, at a rate that you BOTH agreed to?

What the fuck is wrong with democrats......

Your world does not exist in reality.

 

[Acanthus]

Exactly. The unions cozy up to the same political party which is talking about immunity for the "undocumented workers" who moved in and drove wages into the dirt. Good luck being a roofer these days unless you're willing to work for $5/hr. But hey, let's make those millions of people American citizens so we can get their votes, then we can start the next round of importing cheap labor! Then those gullible simpletons lap up the propaganda. "Republicans are evil rich people, but the Democrats are on my side!" Riiiiight...

Here is my problem with your line of thinking:

If a mexican comes to the US and builds a roof, he is stealing a job.

If a company has the roofs built in modular pieces in Mexico and shipped here, it is good business.

And don't give me crap about the law, we all know companies have bribed their way into making it legal.

Ethically, it is exact same thing. Removing American jobs and still shilling the goods in America and pocketing the difference. You are intentionally screwing over Americans by hiring people from outside of the American economy.

It is clearly wrong in the China case, they openly dislike us, and have openly created an information war with the US, and flagrantly steal our IP, yet we keep right on going because it is profitable to about 100,000 people to keep doing so.

You cannot sit on both sides of the fence on this issue, and both Dems and Repubs do.

 

[frowertr]

Prove how you have "earned it".

Why?

I could care less if you believe anything I say.

 

[OverVolt]

Some people either get it, or you don't. Barriers to entry are higher than ever, regulatory, capital, lending, everything. Upward mobility is also lower. The fastest growing small business at malls is "space available" :awe:

The world is constantly changing, some people have been stuck in a bubble for ~5-10 years and don't pay much attention. Survivors of the worst of the layoffs I guess.

 

[OverVolt]

Pfft. Like any of u losers whining at someone else to give u what they have are ever worried about earning anything. To you it's all about what you can elect some thief in a suit to steal from someone else, because you don't even have the guts to put on a mask, grab a gun, and go steal from other people yourself. Plus most class-envy whiners are too damn lazy to be the criminals your mindset is in the first place. You're just criminals who want to rob and steal by proxy- more worthless than your for real counterparts.

You couldn't be further from reality although I already knew that... hmm. Its just not even worth it to talk to you really because I absolutely know there is zero convincing you. First of all you aren't in the 1% anyway, you are actually in the same boat as the rest of us and apparently enjoy less spending power.

Simple question, is your spending power up or down?

 

[boomerang]

Nothing changes when we put Democrats in control.

Nothing changes when we put Republicans in control.

Now what? There are options. The first step is to accept my first two sentences. Now what?

 

[Jhhnn]

Do you have a chart or something to back this up? I'm convincible on this so watcha got?

Too easy. Witness the decline in Union membership, the serial deregulation/ dismantling of New Deal financial constraints, the steep reduction in top tier tax rates, and the rightward drift of both political parties. What American reactionaries call "Left" is just left of them, bearing little resemblance to the Left in the ROTW.

Not that you'll be convinced by any argument.

 

[Exterous]

Rather than present your own evidence you rely on a government report

Uh - the government report is evidence. What evidence do you provide that the governments numbers are incorrect?

like the government has never fudged reports

When has the SSA or BLS fudged numbers?

you attack me?

I don't think you know what 'attack' means. I merely provided an example which would completely invalidate your anecdotal evidence. And since you want evidence of my own I will parallel yours:

The economy is better be cause I make way more now than I did in 1970.

-or-

Women make way more in wages then they would in 1970 so your point is invalid

-or-

The job market is fine because hiring part time workers is up!

The attack is on the ridiculous premise that small\isolated snapshots of the economy provide valid evidence of the economy in general

You think my examples are isolated?

The intricacies of economic change over 40 years will insure that many jobs make more while many make less. Isolated? Well, I know there are certain job markets that have changed drastically and could be used to prove either of our points. But the argument is not about specific job markets but overall wages in general. The data doesn't support your claim. Can you provide an actual sourced data (you know - the thing that journalists, research papers, the government uses) set that confirms your claim?

Tell me something, how is Detroit doing? During the 1970s didn't Detroit have one of the highest per capita income out of the entire nation?

How is San Francisco doing? 1970s San Fran and Detroit were often compared as 'similar' in terms of growth. SF now has the second highest per capita income in the US

Oh and just out of curiosity - where do you get your per capita income figures from? I certainly hope its not from someplace that uses government numbers! (Since you wouldn't be able to trust those by your own admission)

How is the textile areas of the mid-eastern USA doing again?

How are the IT areas in the US doing? Way better than the 1970s thats for sure - lots more jobs and higher pay. Same for doctors. Lasik surgeons make way more than they did in 1970

 

[fskimospy]

Do you have a chart or something to back this up? I'm convincible on this so watcha got?

Wait, you don't think America has moved to the right since the 1960's? I need to get you a chart on this?

 

[Texashiker]

SF now has the second highest per capita income in the US

Figure in the cost of living in SF and get back to me.

Back in the 1960s and 1970s people were buying homes. People holding jobs that would barely pay rent today were buying homes and cars in the 1960s and 70s.

Regardless of what the government says there is something seriously wrong with the economy.

 

[michal1980]

SF now has the second highest per capita income in the US

http://www.latimes.com/business/la-fi-silicon-valley-backlash-20130814,0,7114762.story

"San Francisco split by Silicon Valley's wealth
San Francisco is increasingly divided between young, wealthy tech workers and those who say they are being pushed out of a city they can no longer afford. "

San Fransisco per capita income is high because of a large number of rich people that is screwing up the average.

 

[Mursilis]

Wait, you don't think America has moved to the right since the 1960's? I need to get you a chart on this?

It really depends on how you define "moved to the right". Considering social issues, for example, you'd have a hard time suggesting any right-ward drift has taken place, what with a black president, an increase in interracial marriages, and the legalization of gay marriage and medicinal pot use, for example.

 

[fskimospy]

It really depends on how you define "moved to the right". Considering social issues, for example, you'd have a hard time suggesting any right-ward drift has taken place, what with a black president, an increase in interracial marriages, and the legalization of gay marriage and medicinal pot use, for example.

boomerang specifically mentioned how the schools are churning out 'socialists' due to public education. Do you think the average American's views on economics has moved left or right since 1960?

 

[fskimospy]

http://www.latimes.com/business/la-fi-silicon-valley-backlash-20130814,0,7114762.story

"San Francisco split by Silicon Valley's wealth
San Francisco is increasingly divided between young, wealthy tech workers and those who say they are being pushed out of a city they can no longer afford. "

San Fransisco per capita income is high because of a large number of rich people that is screwing up the average.

San Francisco's median income is also among the highest in the nation.

 

[Texashiker]

San Francisco's median income is also among the highest in the nation.

How does that compare to the cost of living? Such as housing, food, and utilities?

What good is the highest income if you also have some of the highest priced housing.

 

[shadow9d9]

Nothing changes when we put Democrats in control.

Nothing changes when we put Republicans in control.

Now what? There are options. The first step is to accept my first two sentences. Now what?

Umm, we haven't had democrat control in 25+ years.... Record breaking fillibusters and not having 60+ in the senate means that democratic policies haven't even been TRIED in 25+ years...

It is funny to see the conservatives in this thread... Their policies have destroyed the middle class in the last 20 years and they are still harping on their fake enemy, "socialism."

 

[fskimospy]

How does that compare to the cost of living? Such as housing, food, and utilities?

What good is the highest income if you also have some of the highest priced housing.

It's good for a lot of things, actually. The prices of quite a few goods are fixed (or close to it) regardless of market. What you buy off of Amazon, for example. Overall it's always better, all other things being equal, to live in a more expensive market and make more money.

 

[sm625]

And yet there are still millions of people that think there is some sort of difference between Obama and Bush before him... as if both these people were not complete servants of wall street.

 

[Texashiker]

It's good for a lot of things, actually. The prices of quite a few goods are fixed (or close to it) regardless of market. What you buy off of Amazon, for example. Overall it's always better, all other things being equal, to live in a more expensive market and make more money.

While I was working as an internet service tech for a cable company I Houston I got called out to a upper end part of Kingwood.

When I knocked on the door this young (mid-20s) bombshell blonde answered.

During the process of fixing their internet I asked how a young couple afforded to live in this section of kingwood. We are talking $500k houses back in 2002 and 2003.

She told me her husbands grandmother left him her home in her will. the grandmother lived somewhere in california. They sold the house in california then paid cash for a $500k home in texas.

 

[Zaap]

Unions killed themselves. As a parasite living off a host, they often go too far and kill the host (see: Auto industry).

heh, for that matter, see Hostess.

I'm sure the dumbells weren't paying attention, but the rest of us witnessed the greedbag unions put that company into bankruptcy. It's since returned under new management, but only after the union killed 15,000 jobs. They're probably proud of it too, consider it a great victory against 'Da man!" who AS ALWAYS will just be richer than ever while $15K people pound the streets looking for work. That's always how it shakes out.

The main thing corrupt unions do is kill the goose that lays golden eggs so that they can pass out a one-time serving of goose sandwiches to the workers just before they get their pink slips. (And of course only after the union brass has helped itself to the lion's share.)

So many of their cheerleaders are bone-stupid people standing around screaming "Where's my goose sandwich!?!"

 

[bshole]

The main thing corrupt unions do is kill the goose that lays golden eggs so that they can pass out a one-time serving of goose sandwiches to the workers just before they get their pink slips. (And of course only after the union brass has helped itself to the lion's share.)

Here is a chart tracking the demise of unions in America. The interesting part of this chart is the nearly one to one correlation between it and the decline of the middle class in America. Unions made America great and created the middle class, their death at the hands of corporate swine is the death of America.