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Old 01-30-2015, 08:57 PM
 
1,442 posts, read 2,559,257 times
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Quote:
Originally Posted by ellemint View Post
"And even while making such low wages, nine out of 10 fast food workers have been victims of wage theft, like having to work off-the-clock, not being paid for overtime work, or having managers falsify time sheets,"

...more theft of the poor by the rich.


Which Industry's CEOs Are Ripping Off Workers Most?
If you're getting ripped off, then get another, better job - that's the American way. Nearly all of us have had jobs that suck, where the boss rips you off, or otherwise makes your life miserable. Get another job - problem solved - no need for govt intervention or tax dollars, is there? Only commies see opportunity here.
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Old 01-30-2015, 09:14 PM
 
10,553 posts, read 9,628,183 times
Reputation: 4784
Quote:
Originally Posted by RVAtoCNC View Post
If you're getting ripped off, then get another, better job - that's the American way. Nearly all of us have had jobs that suck, where the boss rips you off, or otherwise makes your life miserable. Get another job - problem solved - no need for govt intervention or tax dollars, is there? Only commies see opportunity here.
How can 99 % of the people change jobs? Most of the gains from the recession have gone to the top 1 %. Are they the only people that have been working hard? All of the other 99 % that have not seen gains are just lazy, made bad choices?

In 17 states, the top 1 % got 100 % of the income growth from 2009 to 2012, in some states like Florida, the top 1 % got over 200 % of the growth in income. There was economic growth and increased productivity but the rewards mostly went to the rich!


http://www.huffingtonpost.com/2015/0...ome-inequality
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Old 01-30-2015, 09:19 PM
 
1,442 posts, read 2,559,257 times
Reputation: 924
Quote:
Originally Posted by ellemint View Post
How can 99 % of the people change jobs? Most of the gains from the recession have gone to the top 1 %. Are they the only people that have been working hard? All of the other 99 % that have not seen gains are just lazy, made bad choices?

In 17 states, the top 1 % got 100 % of the income growth from 2009 to 2012, in some states like Florida, the top 1 % got over 200 % of the growth in income. There was economic growth and increased productivity but the rewards mostly went to the rich!




This Map Reveals Just How Unequal The So-Called Recovery Is
What are you talking about, 99%? You went from talking about min wage Mickey D's workers, to now 99%? Keep in mind a majority of those 1%'s are hollywood elites and other liberals. Don't' see them standing on the street corners handing out their fortunes do we? No - they"re buying mansions, blowing their bucks, and then preaching to us poor about how we need to help the poor.
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Old 01-30-2015, 09:32 PM
 
Location: Palmer/Fishhook, Alaska
1,284 posts, read 1,256,172 times
Reputation: 1974
Quote:
Originally Posted by InformedConsent View Post
Upper middle class isn't top 1%, let alone the top 400. Plus, it's completely irrelevant in the context of most of the Forbes top 400, all of whom are billionaires: There Are More Self-Made Billionaires In The Forbes 400 Than Ever Before - Forbes

What, exactly, in this phrase do you not understand?: "self-made billionaires who rose from nothing"
I am going to read that article. Will get back to you afterward. It sounds very interesting.
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Old 01-30-2015, 09:38 PM
 
33,387 posts, read 34,741,143 times
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Quote:
Originally Posted by Leisesturm View Post
Wrong. Money drives the economy. It is actually more efficient to have a few mega-wealthy individuals support your business than to have to sell to millions. The middle class has to look out for itself. It is neither needed nor wanted at this juncture in history.

H
rubbish. no business can live with just a few wealthy people buying from them, regardless of how wealthy they are. bill gates and company can buy only so many roll-royces or mercedes benzs. 500 people in the world buying a new computer every year will not keep HP or dell in business.

and when you talk about the wealthy, they are NOT the ones that go out and buy things just to own them. granted some do, but for the most part the wealthy in this, and every other country in the world, buy what they need.

if you want a robust economy, you need a strong middle class pushing that economy forward. bill gates is not going to be buying ford fusions, however joe smith down the street will. ford motor company does not survive on a few rich people buying their products, and neither does general motors.
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Old 01-30-2015, 09:43 PM
 
Location: Palmer/Fishhook, Alaska
1,284 posts, read 1,256,172 times
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Quote:
Originally Posted by InformedConsent View Post
No. It's 34 this year. 34 of the billionaires started with nothing, and endured hardships and obstacles to get where they are today, financially. Meanwhile... fewer than that, only 28 of them, inherited all their wealth.
Have you read this book, by chance?


I'd highly recommend it, because it goes a long way toward explaining the nature of success, luck, time and place, privilege, and hard work, and how it's all intertwined.

Gates is discussed at length, as are The Beatles (they rose from nothing), and the 10,000 hour rule.
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Old 01-30-2015, 09:44 PM
 
20,948 posts, read 19,013,715 times
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Quote:
Originally Posted by RVAtoCNC View Post
What are you talking about, 99%? You went from talking about min wage Mickey D's workers, to now 99%? Keep in mind a majority of those 1%'s are hollywood elites and other liberals. Don't' see them standing on the street corners handing out their fortunes do we? No - they"re buying mansions, blowing their bucks, and then preaching to us poor about how we need to help the poor.
I don't see them buying FF franchises and paying $15 an hour, full benefits, lots of sick days and paid maternity leave. It's well within their budget to do so, but they don't.

Ask yourselves why. Not you normal people, but you lefties. We "norms" understand why they don't.
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Old 01-30-2015, 09:46 PM
 
20,948 posts, read 19,013,715 times
Reputation: 10270
Quote:
Originally Posted by Leisesturm View Post
Wrong. Money drives the economy. It is actually more efficient to have a few mega-wealthy individuals support your business than to have to sell to millions. The middle class has to look out for itself. It is neither needed nor wanted at this juncture in history. Globalisation has made local consumption optional. It is disingenuous to argue that regulations are bad because of what is happening. What is happening is happening in spite of regulations, because what regulations exist do not go far enough, nor are they enforced to an effective degree. I don't know if the genie can go back in the bottle but that is what it will take. The only way America can survive is to return to 1967 borders! That's right, the same prescription for peace in the Middle East will also return America to economic prosperity. But lets not kid ourselves. The present situation is not bad. It's just bad for people that cannot obtain opportunity and financial security. That there are more such people now had ZERO effect on the GDP. Its doing fantastically well thank you. America can carry on like this indefinitely! GDP wise that is. I really don't know what it will take to get the former Middle Class riled enough to storm the Bastille. I thought it would have happened by now.

H
That's absolutely absurd.
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Old 01-30-2015, 09:55 PM
 
Location: Palmer/Fishhook, Alaska
1,284 posts, read 1,256,172 times
Reputation: 1974
Quote:
Originally Posted by ellemint View Post
"Rose from nothing" rarely means making one's way out of the projects, from a single-parent household without a car, and going to some lousy inner-city school with abysmal graduation rates. It is far more likely that a CEO or "self-made" millionaire will have benefited from a middle-class up-bringing, a two-parent household with a secure home, a family car, and good neighborhood schools.

Most wealthy people do not come from the first scenario.
Oprah is the only person I know of off the top of my head who pretty much came from nothing. Her story is pretty amazing, even if she's difficult to deal with. I still have great admiration for her.
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Old 01-30-2015, 09:58 PM
 
Location: Palmer/Fishhook, Alaska
1,284 posts, read 1,256,172 times
Reputation: 1974
Quote:
Originally Posted by ellemint View Post
And here's a good example. Mark Zuckerberg. I'd call him a self-made billionaire; he didn't inherit his massive wealth.

But, his biography shows that:

"He is the son of dentist Edward Zuckerberg and psychiatrist Karen Kempner." He grew up in wealthy Westchester County NY and went to elite Phillips Exeter Academy in his junior year.

"Zuckerberg began using computers and writing software in middle school. His father taught him Atari BASIC Programming in the 1990s, and later hired software developer David Newman to tutor him privately."

I mean come on, talk about a "head start."

Mark Zuckerberg - Wikipedia, the free encyclopedia
Very similar situation as my friend, mentioned in one of my earlier posts. I'd call that a kid benefitting from general advantages that are usually only possible when they come from a household that's at least upper middle class.
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