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Of course it was Probably worse during the Great Depression but
Income Equality the highest it has ever been since they started measuring in the 1960's.
With all the talk of how Great the Economy is doing do you ever feel like it is..you can't tell it?
You aren't alone.
It is doing fantastic for the top one or two percent of the population though.
But, bad on you if you aren't in the billionaire stratosphere.
Quote:
The Day After Trump said "Inequality is Down" Federal Data shows US Income Inequality Highest Since Census Began Measuring
Federal data released Thursday showed U.S. income inequality in 2018 reached the highest level since the Census Bureau began measuring it five decades ago, a finding that comes less than 24 hours after President Donald Trump said "Inequality Is Down"
The Census survey found that the nation's Gini Index—which measures inequality on a 0 to 1 scale, with 0 representing perfect equality—reached 0.485 in 2018.
In 1967, the U.S. Gini Index was 0.397.
"The separation between rich and poor from 2017 and 2018 was greater than it has ever been," the Washington Post reported.... https://www.commondreams.org/news/20...uality-highest
Quote:
\
The rich are getting richer and the poor are getting poorer, at least in the United States.
The top 1 percent of families took home an average of 26.3 times as much income as the bottom 99 percent in 2015, according to a new paper released by the Economic Policy Institute, a non-profit, nonpartisan think tank in Washington, D.C. This has increased since 2013, showing that income inequality has risen in nearly every state.
That's the progressive left in a nutshell: Keeping score because no matter how well a leftist lives, some other leftist always has some material thing a different leftist doesn't.
That's the progressive left in a nutshell: Keeping score because no matter how well a leftist lives, some other leftist always has some material thing a different leftist doesn't.
Not at all...could care less...I have never cared about that, they are pretty much in the same boat as I am.
It's the Billionaires like Trump who are raking in the dough...at the expense of the rest of our Country.
The Stockbrokers and CEO's in comparison to the average wage earner.
Yet, they tell me I will be tired of all this winning! Uh-huh.
When you compare statistics the US citizen has it way worse than most other industrialized nations. It wasn't always that way.
Besides writing about somebody "raking in the dough" tell us how that somehow detracts from your life?
The end stage of capitalism is massive wealth inequality that leads to social unrest, revolution, mayhem. In the early phases, populist politicians rise, then come the demagogues and authoritarians, the socialists and communists, and fascists, then civil unrest, riots, and revolution. Why do you think Trump got elected? Growing wealth inequality is at the very core of his message and his electoral success. It is couched in racism and xenophobia but it is really the old haves (the estabishment) vs. the have nots (trumpers).
Capitalism (and the positives it represents) can not survive without a continual redistribution of wealth back downward. This can be done with taxation, education, government projects like infrastructure, targeted investments, and direct benefits among other approaches. We stopped doing this around Reagan's time and we are reaping the harvest now.
The end stage of capitalism is massive wealth inequality that leads to social unrest, revolution, mayhem. In the early phases, populist politicians rise, then come the demagogues and authoritarians, the socialists and communists, and fascists, then civil unrest, riots, and revolution. Why do you think Trump got elected? Growing wealth inequality is at the very core of his message and his electoral success. It is couched in racism and xenophobia but it is really the old haves (the estabishment) vs. the have nots (trumpers).
Capitalism (and the positives it represents) can not survive without a continual redistribution of wealth back downward. This can be done with taxation, education, government projects like infrastructure, targeted investments, and direct benefits among other approaches. We stopped doing this around Reagan's time and we are reaping the harvest now.
Only in your own head and in those of others also obsessed with what the Joneses have.
Only in your own head and in those of others also obsessed with what the Joneses have.
"Wealth inequality" is a funny thing. I know high-income earners who are up to their necks in debt due to making bad financial/spending decisions and therefore actually have very little net wealth. And then on the other hand, I know modest-income earners who spend wisely, live within their means, invest regularly even if it's only a small amount, and consequently their net wealth is higher than the high-income earners who ***** away their money. /shrug
That's the progressive left in a nutshell: Keeping score because no matter how well a leftist lives, some other leftist always has some material thing a different leftist doesn't.
It matters because since money equals power, the more money a small group of people have the more influence they over our government and our way of life.
Only in your own head and in those of others also obsessed with what the Joneses have.
It has nothing to do with that. The Jones are in the same boat as most everyone else.
It is that we are the richest country in the world, yet we let people live and die in poverty and disease when it's not necessary, while our Politicians like Trump keep telling us how great we are and we have the best standards of living
in the world. We should have. But we don't. We have cities and streets filled with homeless people. We have sick people dying because they can't afford health care.
When looking at standard of living we fall in at a dismal number seventeen. (Not the worst, but it could and should be betterThere was a time when we were at the very top of the
standard of living, recently our citizens fall in at
number 17.Not bad, but our standard of living for the average person certainly does not reflect that we are the richest country in history.
Quote:
The United States of America is a North American nation that is the world’s most dominant economic and military power. Likewise, its cultural imprint spans the world, led in large part by its popular culture expressed in music, movies and television. In 2016 the country elected Donald Trump president. Trump's rhetoric and stances on issues including immigration and foreign trade have raised questions around the world, including from the country’s closest allies, about the nation’s future course on the global stage. https://www.usnews.com/news/best-cou...-life-rankings https://worldinfigures.com/rankings/topic/9
Quote:
Most Americans think America has the best health care in the world. We certainly spend more than any other country in the world on health care, but we
actually rank in 37...no where near the top. http://worldpopulationreview.com/cou...-in-the-world/
Quote:
Despite our wealth and all the money spent on health care our life expectancy keeps falling.
A US Government website lists our Life Expectancy
as the 43rd best (42 countries with better life expectancy results) at age 80 https://www.cia.gov/library/publicat.../2102rank.html
Quote:
The Average American Worker takes Less Vacation Time
than a Medieval Peasant.
Life for the medieval peasant was certainly no picnic. His life was shadowed by fear of famine, disease and bursts of warfare. His diet and personal hygiene left much to be desired.
Our infrastructure is crumbling around us, we have people suffering and dying from preventable diseases, we are dying faster than most other Industrialized nations,
yet if you wish to live on the delusion that we have the best standard of living in the world, and you have so much "winning" that you are tired of it, have at it!
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