Posted on 12/28/2013 9:14:07 AM PST by Baynative
This pretty much speaks for itself. At 1:05, I get a rude awakening. At 1:41, he starts talking about you. At 2:24, he says a "bad" word. At 3:50, he kind of breaks my brain. At 4:50, he lets you know how broke you really are. At 5:20, he rubs it in. And at 5:50, he points out that reality isn't close to what we think it is.
(Excerpt) Read more at upworthy.com ...
That part got my attention, too. I was wondering if there is something that can be pointed to in the years from Jimmuh Cartah forward that give fuel to correlating government growth with a smaller percentage doing very well.
It seems that the morte the government gives away the quicker it flows through the hands of the non productive class and back to the top 1%.
I remember a thread here about reparations a couple of years ago and one person said that the biggest sponsors of the idea would probably be corporations and guys like Warren Buffett who know that if the government gave a windfall payment to every black person 90% of it would be spent in months. The example commented on here is to look at NBA players who make uncountable millions and end up broke within years of not playing any longer.
If he's a believer in more government he must support bullying. I guess it boils down to who the bully is and who's on the receiving end.
This is a bit off the subject. But, the corporation I worked for in California tended to avoid applicants from Cal, Davis and UC Santa Cruz because of the high probability of their "social toxicity" - disruption to workforce culture and potential for litigation.
I can believe it
I haven’t followed the link yet but the word “niggardly” was the first thing that popped in my head.
The “Upworthy” site usually contains leftist agitprop.
Ah, but government's solution is also to print more new dollars which end up in the hands of the bankers who invest them. They get the benefit of those dollars before their purchasing power is decreased.
That, IMHO, is the major cause of rising income inequality. There will always be income disparities, but when entire sectors of the economy (finance?) are dramatically out-earning the rest, ya gotta follow the new money.
You got that right, and Soros (and other lefties) accumulates his wealth by destabilizing currencies, and profiting from the collapse in value, essentially profiting from the destruction of wealth rather than the creation of it.
Unbiased Rule of Law is a cornerstone of a society of personal liberty.
Note tagline.
Finally, some organizations are starting to figure things out.
It was like an Obama speech - just bring up a boogie amn and say "we need to get this right" and then ride off and wait for the votes to come in from people who thought he was talking about getting them something.
(But, I thought the numbers were interesting.)
The poor will always be with us, no matter how much money the government makes us give them. Poverty, in this modern America, is a state of mind that quickly uses up all its income with no thought toward the future, not even to the end of the month.
More importantly, 2 of the 4 refences sited at the end of the video are "Mother Jones" and "Think Progress." Then there's cnn and a blog from a Dan Ariely.
This couldn't be skewed at all, could it?
Mark
Most definitely. But, I thought it raised a good topic for discussion. For me it brought up the Hillary question: "What difference does it make?"
Liberals seem to look at the idea of wealth as if it all is from one pot and if a person is successful it must mean that there is less money for someone else. But with instant multi billionaires like the twitter guy coming out of nowhere they can't define who ended up on the poor house because of him.
The next problem is that the original chart is not normalized for age. It's hardly surprising that the cohort under 25 is not wealthy. The problem is that that is almost a third of the total.
If I were asked to grade or critique this guy's work I would tell to go back and seriously analyze the ebb and flow of wealth. Unfortunately I doubt that anyone can find the real wealth (net asset value) of more than a handful of Americans.
This is so intuitively obvious that I'm surprised [some] people don't get it.
As am I.
The percentage of Americans who are honestly suffer due to lack of wealth is very small. And, the majority of them are suffering due to their own decisions.
The ‘rich’ and the ‘poor’ are both in their positions because of the same reason. They both keep doing what is necessary to maintain their position................
bkmk
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