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Topic Title: Biggest wealth disparity in 50 years
Topic Summary: Huge jump in wrong direction last year
Created On: 09/30/2019 07:33 AM
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 09/30/2019 12:48 PM
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RustyTruck

Posts: 33375
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http://www.cnbc.com/2019/01/23...a-1000-emergency.html

"Just 40 percent of Americans are able to cover an unexpected $1,000 expense, such as an emergency room visit or car repair, with their savings, according to a survey from personal finance website Bankrate."

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 09/30/2019 12:54 PM
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Greensleeves

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nobodyelse listening to freedom rock.

The robber barons of the late 19th century were stopped via laws. The robber barons of today are playing by the rules that are continually re positioned so they stay wealthy and pay less.

While home ownership is recovering from pre-recession levels. It is concentrated in the elderly. from the census folks

Also - GO Rusty!

Edited: 09/30/2019 at 12:54 PM by Greensleeves
 09/30/2019 12:55 PM
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somebodyelse

Posts: 6770
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they all worked for the public good without the need for grotesque self enrichment. .........NO...NO they didn't work for the Public good....They all worked to put food on the table and to save for old age......Some of their work was of Public benefit and has surpassed the original work put into it.... BUT their work was NOT done as a PUBLIC service for the good of the community. THEY Succeeded without the government stealing somebodyelses money and giving it to them.

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 09/30/2019 01:05 PM
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somebodyelse

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Updated Wed, Jan 23 2019 . Hundreds of thousands of people are living without a paycheck amid the longest government shutdown in history.... yea, yea, that was one From the Democrats trying to force Trumps hand, This article from a Government shutdown is NOT a typical situation.... BUT the article does have some good advice about putting some of your money into a savings account so that you have a buffer against Emergencies. The article says NOTHING about getting money from other people to pay your health care and it says nothing about redistribution of wealth AT ALL...

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 09/30/2019 01:14 PM
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somebodyelse

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Green: Home ownership is concentrated in the elderly......Most Americans think that the ideal age people should marry is 25, but only about a quarter of adults have actually done so by that age," said Census Bureau demographer Jonathan Vespa, author of "The Changing Economics and Demographics of Young Adulthood: 1975-2016", issued in 2017. "Because marriage is closely tied with establishing their own household, young adults may be delaying homeownership to later ages as well.".......Young people have decided to not have children and not get married until later in life. HOMEOWNERSHIP is tied very closely to MARRIAGE AND A FAMILY. therefore Home ownership, now that the recession of 2007 - 2009 is over, is tracking toward older people....

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 09/30/2019 01:14 PM
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RustyTruck

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Joined Forum: 08/02/2004

Originally posted by: somebodyelse

tBUT their work was NOT done as a PUBLIC service for the good of the community.


Yes it was.


Originally posted by: somebodyelse

Updated Wed, Jan 23 2019 . Hundreds of thousands of people are living without a paycheck amid the longest government shutdown in history.... yea, yea, that was one From the Democrats trying to force Trumps hand, This article from a Government shutdown is NOT a typical situation.... BUT the article does have some good advice about putting some of your money into a savings account so that you have a buffer against Emergencies. The article says NOTHING about getting money from other people to pay your health care and it says nothing about redistribution of wealth AT ALL...


Fact is most Americans are living paycheck to paycheck. That's the point of the article. I'm the one suggesting that there must be redistribution of wealth in this country, perhaps to keep rich people from losing their heads. Healthcare, education and low income housing will need to be nationalized and run democratically for the benefit of the people.

That said, no one wants your stuff. You're not rich, you're not a capitalist, and whatever personal property you have is safe when we transition to socialism.

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 09/30/2019 01:43 PM
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Greensleeves

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nobodyelse not getting it why would young people put off getting married? One of the reasons is that it is a lot harder to make it now. No pensions, large corporate employers f-ing with people's hours, husband and wife have to work...

Said to me while visiting Seattle by a gas station attendant, "There was a time when I could afford a house with this job"


 09/30/2019 01:52 PM
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tpapablo

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Originally posted by: RustyTruck http://www.cnbc.com/2019/01/23...-1000-emergency.html "Just 40 percent of Americans are able to cover an unexpected $1,000 expense, such as an emergency room visit or car repair, with their savings, according to a survey from personal finance website Bankrate."
Meaningless. To make it meaningful, how has that changed in the last 100 years or so.

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 09/30/2019 02:04 PM
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somebodyelse

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Michelangelo was an artist who survived on patronage OF THE MEDICI, BILLIONAIRES of their time who because they were billionaires could afford to hire Michaelangelo to do art., Einstein trained and taught in public universities NO He did NOT,The Institute for Advanced Study (IAS), located at 1 Einstein Drive, Princeton, New Jersey, in the United States, is a PRIVATE independent postdoctoral research center for theoretical research and intellectual inquiry........ and Aristotle was a philosopher in Plato's academy a school for the Children of the RICH.

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 09/30/2019 02:23 PM
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Sniper

Posts: 8759
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Originally posted by: RustyTruck

Originally posted by: somebodyelse

tBUT their work was NOT done as a PUBLIC service for the good of the community.


Yes it was.

Originally posted by: somebodyelse

Updated Wed, Jan 23 2019 . Hundreds of thousands of people are living without a paycheck amid the longest government shutdown in history.... yea, yea, that was one From the Democrats trying to force Trumps hand, This article from a Government shutdown is NOT a typical situation.... BUT the article does have some good advice about putting some of your money into a savings account so that you have a buffer against Emergencies. The article says NOTHING about getting money from other people to pay your health care and it says nothing about redistribution of wealth AT ALL...


Fact is most Americans are living paycheck to paycheck. That's the point of the article. I'm the one suggesting that there must be redistribution of wealth in this country, perhaps to keep rich people from losing their heads. Healthcare, education and low income housing will need to be nationalized and run democratically for the benefit of the people.

That said, no one wants your stuff. You're not rich, you're not a capitalist, and whatever personal property you have is safe when we transition to socialism.


Are you saying that you don't think we have any redistribution of income in place today? It is everywhere. Look at how many people receive money in the form of tax returns who don't pay any taxes. The top 20% of income earners pay 87% of all income tax. More than 44% of Americans don't pay income tax at all. How much more "fair" do you want things to be? The thing I have come to accept is that the left will never be content. If we nationalize healthcare, the left isn't going to stop. They will just move on to a guaranteed minimum income, guaranteed transportation, guaranteed guarantees, etc. You have already stated that your goal is to tear the country down and start new under socialism, so it seems like it would be in the best interest of those who enjoy living in this country today, and not eating their dogs, to do the complete opposite of what you suggest.

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"The government who robs Peter to pay Paul can always depend on the support of Paul," - George Bernard Shaw

“Don’t underestimate Joe’s ability to f—k things up.” - Barack Obama

“End of quote. Repeat the line.” - wise words from Joe Biden
 09/30/2019 02:37 PM
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somebodyelse

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One of the reasons is that it is a lot harder to make it now.... That's not true and is not one of the reasons people give when saying why the don't want to get married. It is a lot easier to make it now IF you are married and stay married. #1 the culture, single women make up the bulk of positive images in sitcoms ,advertisement and media. Having parents who divorced also a cultural problem leaves people not trusting marriage. Going to college instead of getting married causes people to not only put off marriage but they also go into debt leaving them unable to pay a an average $20,000 wedding. It's not the debt its the cost of the wedding that was decried. Reproductive rights, women don't get married when they get pregnant they just kill the kid. The hook up culture, one night stands for women as well as men, why get married when casual sex is common place. Careers, societies pressure to be successful leads many people to put off marriage until they have succeeded in a career. Being tied down, marriage isn't seen as being fulfilling having kids limits your life choices. Custody laws, if you get divorced assets and debts, legalities, visitation rights all scare people away from marriage. All of these are reasons people give to why they won't get married, The point is Homeownership is being concentrated in the elderly NOT BECAUSE the elderly are hoarding the money but because Young people CHOOSE to not get married which is the biggest reason to invest in Owning your own home..

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 09/30/2019 04:16 PM
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RustyTruck

Posts: 33375
Joined Forum: 08/02/2004

Originally posted by: somebodyelse

Michelangelo was an artist who survived on patronage OF THE MEDICI, BILLIONAIRES of their time who because they were billionaires could afford to hire Michaelangelo to do art., Einstein trained and taught in public universities NO He did NOT,The Institute for Advanced Study (IAS), located at 1 Einstein Drive, Princeton, New Jersey, in the United States, is a PRIVATE independent postdoctoral research center for theoretical research and intellectual inquiry........ and Aristotle was a philosopher in Plato's academy a school for the Children of the RICH.


Michelangelo had lots of patrons, but i don't think he made a lot of money, yet he helped define the renaissance. Einstein was a socialist, trained in public European universities, and IAS is FREE, and so was Plato's Academy. I don't know where you get such silly notions that you should defend a system that exploits you.

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 09/30/2019 04:21 PM
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RustyTruck

Posts: 33375
Joined Forum: 08/02/2004

.

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".

Edited: 09/30/2019 at 04:21 PM by RustyTruck
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