Wealth Distribution in the United States (Rockefeller, bailout, worker, tax rate)
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The overwhelming idea is if the rich share with the poor the rich will have less and the poor will still be poor. The most important things being wealthy, especially multi generational wealthy, brings are exclusivity and freedom from being compelled to work because you need the money. Those are the most important but there are many others such as unlimited access to recreational drugs and high end rehab facilities.
Wasn't meant to make you subservient to the system either. You didn't answer me regarding the people of your generation having good jobs that aren't around anymore. How do you expect those people to get ahead of what helped your generation isn't there?
"having good jobs that aren't around anymore."
Like what?
Jobs come and go ALL the time.
We know longer have many buggy whip makers or typewriter repairmen but, we DO have tens of thousands, maybe hundreds of thousands, of people employed in the IT industry,
You bring up me and my generation. Do you think my work was the same when i retired as when i started?
Hell no!
I started with electromechanical equipment. Worked with it for many years then electronic equipment took over, the digital.
There was a time when computer technology changed every 18 months, then it seem every 6 months.
In order to survive you have to adapt and keep up with the latest technology.
Time doesn't stand still. Jobs evolve.
One pf the problems we have today is too many young kids go to college and get worthless degrees but still can't do anything.
I know many small business owners who constantly complain about today's young "workers" who DON"T want to work. They want to just show up and get paid. The turnover is horrendous.
This entire thread is more arguing between people who either do or do not believe in zero sum economics.
I don't believe in zero sum economics, so I see no reason why anyone at any income level needs to have the government punish them from success. Other people do believe in a fixed pile of money, and that rich people can only get that way by stealing from others. Therefore, they think these thieves should be punished.
All the rhetoric surrounding the two viewpoints just obfuscates the simple argument - do you believe our economic system is a zero sum game? Yes or no?
This entire thread is more arguing between people who either do or do not believe in zero sum economics.
I don't believe in zero sum economics, so I see no reason why anyone at any income level needs to have the government punish them from success. Other people do believe in a fixed pile of money, and that rich people can only get that way by stealing from others. Therefore, they think these thieves should be punished.
All the rhetoric surrounding the two viewpoints just obfuscates the simple argument - do you believe our economic system is a zero sum game? Yes or no?
I think our economic system is controlled by a parasitic institution-The Federal Reserve- that along with their "too big to fail" banks needs to be dismantled before any real change can occur.
So no, that question is not relevant if our entire financial system starting at the top is corrupt and is only meant to grow the power and control of those that already have it.
Annuity's are a fools game for the most part, they are a truly horrible "investment". basically its "give me your money, I pay you 4% (barely more then inflation)...and when you die...I keep it all.
You obviously know nothing about annuities. Most of them have a death benefit, so the ins company does not get to keep it all. They are a perfect tool in many cases. You just have to be smart enough to know when an annuity is the best decision.
Shrug. The government could use their ability for long term risk to average it out. Might have some odd side effects though......bottom line is....thats what the numbers say.
Annuity's are a fools game for the most part, they are a truly horrible "investment". basically its "give me your money, I pay you 4% (barely more then inflation)...and when you die...I keep it all.
You are behind the times.
I said immediate annuity. And you can buy them at different levels.
And heirs can get the balance back after you die.
And an annuity is recommended for retirees that do not have pensions.
You'd rather invest in the stock market and HOPE you can make $1200 a month ?
Nope. People are benefitting from the shenanigans in the stock market. People who have retirement accounts and pensions need the stock market to perform no doubt. But I have my doubts about how long lived this will be.
It's funny you mentioned Unions though.
Of the few groups of people who are still doing well and keeping their health, welfare and salaries at a solid middle class level it's those people I know who are in strong Teachers Unions or the Locals.
There's a reason unions came to be and there are consequences for their demise.
You say that, but then complain about the corporate profits absolutely necessary to fund those pensions and benefits. Can't have it both ways. Corporate profits are REQUIRED for funding union pensions and benefits.
Quote:
You'd think people would learn something?
Yep, you'd think people would learn to stop whining about the very corporate profits they're depending on for their retirement and benefits.
But Gruber was right... the overwhelming majority of Americans are stupid.
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