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.
I think this thread is a false narrative. It's not do you believe in income equality but do you think that there should be wide ranges between rich and poor -- the the vast amount of income concentrated in few hands.
This is where we went, from the robber-barron days to one where the nation that shared income to back to the robber-barron days:
Apologists for this disparity make statements like I've been reading here, that those that make more create or invent something. But the Steve Jobs and Thomas Edison explanation are not the main demography of the top 0.1% that are skewing the income scale. There are few Horatio Alger stories.
Quote:
Who’s in that top 0.1 percent? Are they heroic entrepreneurs creating jobs? No, for the most part, they’re corporate executives. Recent research shows that around 60 percent of the top 0.1 percent either are executives in nonfinancial companies or make their money in finance, i.e., Wall Street broadly defined. Add in lawyers and people in real estate, and we’re talking about more than 70 percent of the lucky one-thousandth. link
The rest mainly are those that inherited great wealth.
Here are a few statistics that should be considered:
I don't know if it is the sort of talk radio babble you're used to, but I may be able to find a video that fits the standard talk radio attention span.
When the employees make as much as the employers, everyone wants to be an employee and no one wants to be an employer. There go the jobs.
Come on, are you seriously telling me that you wouldn't take the risk of borrowing hundreds of thousands of dollars and potentially setting yourself up to ruin your future by opening a new factory if you will get paid the same as someone who works for you, no matter what?
GregW - you aren't paid more for working harder. You are paid more for adding value and taking on more risk than other people.
Come on, are you seriously telling me that you wouldn't take the risk of borrowing hundreds of thousands of dollars and potentially setting yourself up to ruin your future by opening a new factory if you will get paid the same as someone who works for you, no matter what?
GregW - you aren't paid more for working harder. You are paid more for adding value and taking on more risk than other people.
So Denmark the employees make as much as the employers? Link please.
The ghost from TX would like to tell the waterboy from nowhere that Denmark's economy thrives on small business. That the country is among the leaders in the world with minimum income inequality should tell you that it ain't a land of extremes. That employees are able to cover their rear due to high salaries and policies designed to insulate BOTH employers and employees from each other.
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.
