axt113 said:
First off you seem to be thinking I was arguing something completely different, I wasn't arguing income disparity with my comment earlier, I was arguing thast the wealthy came out better than anyone else, which is proven by the fact that their wealth and ranks grew and that wages and employment were pretty much stagnant for pretty much everyone else. There is no way you ca get around the fact that th rich emerged fro m the recession in a better position than anyone else. Accusing me of not knowing things, might hold more substance if you actually proved you understood the issue being discussed in the first place. Your argument was that the rich were hurt worst by the recession, this was proven wrong, as they were not hurt by the recession, they emerged even with more wealth and larger ranks. The issue of income disparity is a different issue, as it is about the difference in wealth between groups, something which was not part of my original argument, my argument was that the rich emerged in a better position, not that income disparity grew during the recession, in addition I pointed out they are doing far better than the middle and poor classes, which is again true, here the gini coefficient backs up my point, as 46.8 is still an extremely high level of income disparity, indicating that the gulf between the rich and the middle and poor classes is large. You might want to try and read before jumping to respond in the future |
Er... no.
What you seem to not be getting is that those people weren't wealthy.
They became wealthy. The existing wealthy people did worse.
While new millionaires came out of the middle class.
Then you tried making a second point using the top 1%.
Which is silly. Since, the top 1% doesn't include millionaires. Your sliding your definition of rich around to try and suit and prove your own points... when the gini coefficent disproves said points.
The rich can't be simaltaniously doing better then they were before the crisis and also the income dispairty being smallers.
And 46.8 actually isn't high, when you consider what the projections are supposed to be.