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The wealth gap is bad because a large percentage of the wealth is sitting in investment accounts instead of being spent. Spending produces jobs for other people and the cycle goes on.
Regardless of your politics, a system that accumulates all the wealth at the top is not a strong functioning economy. No economist thinks so. Strange, to me, that anyone would.
None of this is saying harder working, smarter people shouldn't do better.
This country was at it's strongest, during the era that most conservatives think of as the past we should return to, when people were paid more and Management and Stockholders were paid a little less.
Google it, like anyone else who wants to know if something is true...
If it's just made up I can not Google what is not there. Those who make the claim are supposed to support the claim.
One could spend 5 years trying to find something not there. If I argue that Bigfoot is real does it make sense if you doubt it for me to tell you that the proof is in your going out and finding him yourself?
The mortality rate has actually risen dramatically since 1999 for middle aged white men and women with less than a College education. Looks like a loss of 5-7.5 years for this group.
"An increase in the mortality rate for any large demographic group in an advanced nation has been virtually unheard of in recent decades, with the exception of Russian men after the collapse of the Soviet Union.
When they pored over the data, however, they found that mortality rates for this group had risen an average of a half percent per year since 1999, after falling an average of 2 percent annually for the 20 years before that."
The wealth gap is bad because a large percentage of the wealth is sitting in investment accounts instead of being spent. Spending produces jobs for other people and the cycle goes on.
Regardless of your politics, a system that accumulates all the wealth at the top is not a strong functioning economy. No economist thinks so. Strange, to me, that anyone would.
None of this is saying harder working, smarter people shouldn't do better.
This country was at it's strongest, during the era that most conservatives think of as the past we should return to, when people were paid more and Management and Stockholders were paid a little less.
It has to be. These folks are living off the dividends.
That would be Gates and the Waltons that I recall from reading.
And they spend the dividend money so they are putting back into society.
But these people don't "create jobs"..companies do.
What complete nonsense. Who believes this? Money makes EVERYTHING possible. I can't believe you typed that.
Inequality has nothing to do with money. You are confused. People can have no money and be equal. People can have lots of money and be very unequal. If everyone has no money, they are equal. Check out N Korea.
Nothing wrong with rich people. But, money earned based on crony capitalism is a travesty. And a lot of this so-called wealth is the end result of crony capitalism.
Why is this important? Any country that has a HUGE concentration of wealth in the hands of a few is probably a 3rd world country ripe for revolution.
Otherwise, the generation of wealth is a very good thing. It would be great to have many more Bill Gates instead of managers of vulture funds. The former creates wealth whereas the latter does not create wealth.
I don't think you know what crony capitalism is. There isn't a single friend of the obamas who hasn't become incredibly wealthy during the last 7 years.
I don't think you know what crony capitalism is. There isn't a single friend of the obamas who hasn't become incredibly wealthy during the last 7 years.
Quote:
Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.
Crony capitalism is endemic and both democrats and republicans facilitate that.
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