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“The source of wealth has changed over the past 30 years; corporations have become the engine of inequality in the U.S.,” says Sam Pizzigati, associate fellow at the Institute for Policy Studies in Washington D.C. “In the past, wealth came from ownership: Today it comes increasingly from income.”
From the link. That looks like a source to me.
I referred to the tax rate asserted in the article. It wasn't sourced.
If you like the Nordic model so much why not save up and move there ?
I don't think the US could operate under that model.
For one thing the Nordic countries have little market regulation and low levels of corruption. Those 2 alone disqualify the US.
“The source of wealth has changed over the past 30 years; corporations have become the engine of inequality in the U.S.,” says Sam Pizzigati, associate fellow at the Institute for Policy Studies in Washington D.C. “In the past, wealth came from ownership: Today it comes increasingly from income.”
From the link. That looks like a source to me.
Yes, it comes from income. Not stop to think a little bit. Is the economy growing? No. Is sales up? No, at least not enough to make any difference. So where is the "income" coming from? It's coming from the Fed.
The issue that I have is that somehow "wealth" has become all powerful. What about building efficient businesses? What about providing great service? What about improving productivity? Quality of living?
Do we simply value "wealth" in this country no matter how its acquired?? Is a venture capitalist, or someone who got rich off the stock market as valuable as your local restaurant owner? Your grocer? The farmer??
Just wanting more people to truly think about the direction our country is heading in.
The issue that I have is that somehow "wealth" has become all powerful. What about building efficient businesses? What about providing great service? What about improving productivity? Quality of living?
Do we simply value "wealth" in this country no matter how its acquired?? Is a venture capitalist, or someone who got rich off the stock market as valuable as your local restaurant owner? Your grocer? The farmer??
Just wanting more people to truly think about the direction our country is heading in.
The venture capitalist is more valuable than the restaurant owner or farmer. The restaurant owner and the farmer wouldn't have the resources to start their company without the VC.
Yes, it comes from income. Not stop to think a little bit. Is the economy growing? No. Is sales up? No, at least not enough to make any difference. So where is the "income" coming from? It's coming from the Fed.
Demand that they stop it and the gap will fall.
That will never happen. The government with its colossal deficit spending addiction can't afford the revenue loss if they stopped pumping.
This doesn't mean the poor are getting more poor. That is what I said. The poor are gaining wealth in the United States. Just not as quickly as the wealthy are.
Still nobody can give a valid economic reason why wealth inequality is a bad thing. All I hear is that "it's not fair". "It hurt's the economy". Yet, no one offers proof it hurts the economy. Just say it is and expect people to believe it.
Also never hearda decent solution. All I here is taking from one group and giving to another. That does not create wealth. As a matter of fact it destroys wealth for everyone.
Actually people spending money on housing, services, food helps an economy grow. That's why the economy has been in trouble. During the recession, and with job loss, not only did the tax revenue base contract, but people consumed less, thus further contracting the economy.
Wealthy people spend money on housing, services and food also. Probably a whole lot more than poor people.
The venture capitalist is more valuable than the restaurant owner or farmer. The restaurant owner and the farmer wouldn't have the resources to start their company without the VC.
I wouldn't say that's true in all cases. I started my business from working and saving my paychecks. Started small and am in the process of growing.
My other business we found a private investor.
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