Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Report - Polidicks

This thread seems to be full of ranting against the wealthy. Eh, who would expect anything else to come from the recovery

[QUOTE=Its_Helen;35025805]I read the source. It doesn't change what I said. Before the great depression, the wealth gap between people rich and poor was at the greatest it had ever been, comparable to recent times. Once the depression hit, much of the wealth was lost on all levels, and income taxes were raised sharply on higher income earners, causing the wealth gap to drop. Bringing forth to what I was pointing out, The wealthy are always the quickest to recover in recessions because they simply have the wealth to do it. Impoverished people don't obviously get back on their feet the quickest. That's simply all I was pointing out. I don't know what [I]you[/I] think I said, but I know I didn't curse about anything or anyone, I'm not rich and I'm not poor.[/QUOTE] This is gibberish. Go grab a list of U.S. recessions post-29, you can find one on wikipedia. Then have a look at the graphs in the source and one of real GDP increases in the same year and tell me how well the statement "the wealthiest recover first" holds up.

[QUOTE=Xenocidebot;35029754]This is gibberish. Go grab a list of U.S. recessions post-29, you can find one on wikipedia. Then have a look at the graphs in the source and one of real GDP increases in the same year and tell me how well the statement "the wealthiest recover first" holds up.[/QUOTE] ...I'll just take your word for it. I won't argue, Sorry my thoughts aren't worth anything to you.

[url]http://www.cracked.com/blog/6-things-rich-people-need-to-stop-saying/[/url] [editline]6th March 2012[/editline] I just felt like this was necessary.

The reason why I don't like the rich is extravagance, nobody should be able to spend over 100k a year really. After you've bought a house and a few other practical things, then the money is used on expensive food and cosmetic expensive things or investing into getting richer.

I don't give a shit how the rich live or how much money they make, as long as they do not fuck over the poor in the process. People have a right to get really rich; they should not have the ability to keep wealth away from everything else, though.

[QUOTE=person11;35032408]I don't give a shit how the rich live or how much money they make, as long as they do not fuck over the poor in the process. People have a right to get really rich; they should not have the ability to keep wealth away from everything else, though.[/QUOTE] A right to get really rich? I'm sure unemployed people enjoy that right.

A right to be able to, obviously. What I mean is that there is no reason to demonize the rich, as long as they do not try to use their money to buy politicians and shit on the poor.

[QUOTE=person11;35037741]A right to be able to, obviously. What I mean is that there is no reason to demonize the rich, as long as they do not try to use their money to buy politicians and shit on the poor.[/QUOTE] Since the rich take prescedence (sp?), that's impossible. You don't even have to buy politicians to do it.

[QUOTE=person11;35037741]A right to be able to, obviously. What I mean is that there is no reason to demonize the rich, as long as they do not try to use their money to buy politicians and shit on the poor.[/QUOTE] It's an issue of wealth distribution. Successful economies have a large middle class, and small upper and lower class. When the gap widens to the point where it's at the two extremes you get things like the French Revolution. Obviously the US isn't at that point yet but if the middle class keeps dwindling like it is now then there's a good chance it'll get to that point. The highest earners have a right to make that money, but never good when it gets to the point where it's throwing the economy off balance. I'm sure something will happen and everyone will wake up remember that having a large middle class is good for everyone and start trying to reinforce that again.

[QUOTE=SwissArmyKnife;35038358]It's an issue of wealth distribution. Successful economies have a large middle class, and small upper and lower class. When the gap widens to the point where it's at the two extremes you get things like the French Revolution. [/QUOTE] Except back in times like the French Revolution people were peasants and faced starvation and disease, these days people hate rich people but tweet about it through their iPhones and luxury goods, have a cheap and accessible source of healthy food, healthcare, education, housing, all sorts.. but still somehow believe they are really hard done by..

[QUOTE=RO;35038726]Except back in times like the French Revolution people were peasants and faced starvation and disease, these days people hate rich people but tweet about it through their iPhones and luxury goods, have a cheap and accessible source of healthy food, healthcare, education, housing, all sorts.. but still somehow believe they are really hard done by..[/QUOTE] Like I said, the US is nowhere near that point but without a dwindling middle class it very quickly gets to that point. Not to mention the fact that a lot of the industry in the US is service based which means if there's only a select few people that can afford it then there's no jobs in that industry. Which means a lot of unemployed people. You also have to remember that things like phones and other luxury goods are not really expensive comparatively. They're luxury goods in the sense that they're not necessary to live, but they're by no means beyond the price range of someone with a steady job. Are there people that bitch and moan about how hard their life is? Yes, but the vocal minority shouldn't invalidate the actual issues that the silent majority face. Just because people aren't starving to death or looking down the barrel of the Bubonic Plague's gun doesn't mean they're not in a shitty situation. Their predicament is relative to people of their time. Not the people of a thousand years ago. The guy working three jobs only to barely make ends meet has every right to be pissed at the guy who has a million a year paycheck plus benefits. Would he right to revolt and take that man to the guillotine? Fuck no, but people are always going to compare their situation with those around them. Not those that came before.

If rich people make the laws... I'm pretty sure they are going to favor themselves.

I agree with everyone here, I just want to try debunking this thing that people have in which they think all rich people are douchebags