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IMO economic equality is baloney, you can’t make everyone winners just because they woke up.
Of course not, I think most rational people would agree with that. I think that most people when talking about income equality obviously don't mean complete income equality or anything of the sort. That's impossible and, quite frankly, stupid. People have different levels of intelligence, abilities, and work ethics, and should largely be awarded for them accordingly.
However, with that being said, I think it is again rational for there to be some sort of economic/income equality. For a developed country, the US's inequality is way out of control imo. When 'basic' things people need in order to get ahead such as college and health care are becoming more unaffordable by the day for the average Joe, this is especially problematic. It's also not going to just go away, it's going to get worse. It's gotten worse over past years because as others have pointed out, there has been a massive swing in the income to the very, very top 0.1% of the uber rich. The economy grows from the middle out, not from the top down as we've evidently learned specifically in recent years. When the middle and lower classes are being squeezed ever more tightly, it becomes a monumental issue. We need policies that favor the middle class, period. No one is saying follow Venezuela or Cuba or 'socialism', but having certain policies aimed at helping average people and taking some of the enormous financial burdens currently devastating the average American off them makes sense and would help the economy and growth long term.
That's why we've seen the unprecedented rise of candidates such as Bernie Sanders and even Donald Trump (who has many populist tendencies, among others) on both sides of the political spectrum. The establishment on both sides is running scared with their tails between their legs.
Last edited by CityLover9; 01-29-2016 at 10:50 PM..
the ironic thing is we all thought oil was going to soar when it hit 140 a barrel . the outlook on the horizon said oil only had one way to go , UP . anyone who thought oil was headed to 30 a barrell at that time would have been considered a nut case .
well to most of us looking at our crystal balls the expected stock market outcome is to have poor or lower market performance for the next couple of years at the least and maybe longer . .
so yep , just like happened to oil things not even on the radar can cause markets to surprise popular opinion and do the opposite . just like we all saw oil going up on the horizon now we all see crappy markets so 25k on the dow may happen the same way oil reversed course from what we all saw .
Last edited by mathjak107; 01-30-2016 at 04:29 AM..
well we printed a whole bunch of money and commodity's are still in the toilet . you need a new thesis . there is a whole lot more to things then just print money
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