The Super rich keep getting richer

Discussion in 'The Howard Stern Show' started by chapped, Nov 10, 2014.

  1. chapped

    chapped Well-Known Member

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    EW paper by Emmanuel Saez of the University of California, Berkeley, and Gabriel Zucman of the London School of Economics suggests that, in America at least, inequality in wealth is approaching record levels. The authors examine the share of total wealth held by the bottom 90% of families relative to those at the very top. In the late 1920s the bottom 90% held just 16% of America’s wealth—considerably less than that held by the top 0.1%, which controlled a quarter of total wealth just before the crash of 1929. From the beginning of the Depression until well after the end of the second world war, the middle class’s share of total wealth rose steadily, thanks to collapsing wealth among richer households, broader equity ownership, middle-class income growth and rising rates of home-ownership. From the early 1980s, however, these trends have reversed. The top 0.1% (consisting of 160,000 families worth $73m on average) hold 22% of America’s wealth, just shy of the 1929 peak—and almost the same share as the bottom 90% of the population.
     
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  2. Hugh Blowmont

    Hugh Blowmont Just be funny

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    2 Jews wrote a paper on how the rich get richer...
     
  3. chapped

    chapped Well-Known Member

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    Is it inaccurate?
     
  4. The Booey

    The Booey Well-Known Member

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    So we're all supposed to have the same income (more or less) regardless of marketable skills and talents?
     
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  5. chapped

    chapped Well-Known Member

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    Don't be cunty...
    just an interesting article. . And food for thought
     
  6. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    obama has been the best 1% POTUS in the countries history.
     
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  7. chapped

    chapped Well-Known Member

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    He is just one on a long line dude...
    I am far from an expert on shit like this....far, far... but while the knee jerj reaction to shit like this is too worry about more of your paycheck going to some freeloaders on welfare. ..

    Mine is always to wonder why we keep helping the uber rich out as much as we do? The same people that take our tax money that are TOO big to fail one second and then sending our jobs to China the next??
     
  8. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    Im not complaining, just stating a fact.

    I have no problem with a business owner keeping what they make and paying their labor what the market dictates. I have a big problem with the big banks creating bs products like CDO's and not dealing with the risk when they crash. I have a big problem with no one from 2008 being jailed. Too big to fail is nonsense.
     
    Last edited: Nov 10, 2014
  9. chapped

    chapped Well-Known Member

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    Totally agree....

    Must be nice to own our government
     
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  10. Mlaw

    Mlaw Quite Contrarian Gold

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    Until billion/million dollar businesses can't deduct their G5's, Ritz Penthouses, sky boxes, country club membershitps, and $3000 bottles of wine, nothing is going to change
     
  11. Evil Clown

    Evil Clown 34 VIP

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    I personally always thought taxing capital gains at half was ridiculous. Once your income from capital gains is one million plus in a year, it should be fully taxed. This way, middle income earners won't be affected.
     
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  12. chapped

    chapped Well-Known Member

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    Nothing will change... the scales are now so far tipped to one side
     
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  13. BuffaloTom

    BuffaloTom Closed By User Banned User

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    Don't lie, we know you are one of "them".
     
  14. The Booey

    The Booey Well-Known Member

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    I'm not being cunty. Just asking an honest question. The thing I always notice about the people complaining about income inequality never mention skills inequality. It seems to me skills are the root cause of income.
     
  15. DogStar69

    DogStar69 Well-Known Member

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    2 Jews walk into a bar










    they own the place.
     
  16. DogStar69

    DogStar69 Well-Known Member

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    Rappers got da skillz yo
     
  17. chapped

    chapped Well-Known Member

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    If you go by watching porn... I am a 1 percenter
     
  18. chapped

    chapped Well-Known Member

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    If you go by watching porn... I am a 1 percenter
     
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  19. chapped

    chapped Well-Known Member

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    If you go by watching porn... I am a 1 percenter
     
  20. BuffaloTom

    BuffaloTom Closed By User Banned User

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    Based upon the # of repeat replies your buffer must be slow from too much porn!
     
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