Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
We hear constantly how politicians effect millions of Americans and their lives with their policies throughout this board. It is left vs right constantly and the impacts each "party" has on this country.
So in your opinion, which "party" is most responsible for the ever growing divide in wealth inequality?
None of the above-
It should be the Wilson administration, as they instituted
I don't think any single admin is responsible. Education creates opportunity, and opportunity put people on track to becoming successful. Our education system is pathetic, and the recent (and past) comparisons to other industrialized countries show how far we have fallen. This problem will take a whole generation to fix, but apparently the lawmakers are unwilling to do anything about it.
People make thier own opertunity. If it was education all college grads would be rich.
Is this the new distraction? Where is this inequality?
mostly in the ownership of financial assets and the capital gains from those assets.
Quote:
You work at McDonalds, don't expect to become rich. You want to earn more money, work harder, try something different, take some risks.
that's a red herring. nobody expects to get rich working at mcdonalds. the issue is about macroeconomics, and the bias that exists towards the financial, insurance, and real estate industries.
uhm, income equality? I surely hope the surgeon that is about to operate on me is paid better than a burger flipper.
a better question is whether that surgeon is better paid than the trader or bank executive. (you know, the sort of people whose income comes tax-preferred in the form of carried interest.)
we have a huge distortion in the labor market that is pulling smart people away from more productive fields, and instead into finance, because that's where the money gets printed.
Dang! I agree with you. Are you turning over a conservative leaf?
This is the problem with hyperpartisans like yourself. Just because someone is a Democrat, doesn't mean they are stupid. Teapublicans don't have a monopoly on "common sense"
People make thier own opertunity. If it was education all college grads would be rich.
Yes, they do, as long as they have the basic tools like basic education. If you cannot succeed with collage education, then you have only yourself to blame.
We hear constantly how politicians effect millions of Americans and their lives with their policies throughout this board. It is left vs right constantly and the impacts each "party" has on this country.
So in your opinion, which "party" is most responsible for the ever growing divide in wealth inequality?
OP, you can't seem to ask a coherent question about presidential administrations or political parties --
but if you want my opinion, Nixon's decision to eliminate the convertibility of dollars to gold is a key driver of income inequality.
This massive shift changed the rules and regulations of the financial industry, giving them far more dollars to loan out from the federal reserve... a huge advantage over other American industries. This is sometimes referred to as the "financialization of the u.s. economy."
Calling it "income inequality" is patently false. Incomes have never been equal in capitalist systems.
The problem is wage stagnation for the middle and lower income families and the flow of wealth upward. That started during the trickle-down tax policies of Reagan and was exacerbated by the bad free trade deals signed by Clinton that off-shored high-paying low skill jobs.
Calling it "income inequality" is patently false. Incomes have never been equal in capitalist systems.
it is a question of degrees of equality
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
