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Forums - General - Wealth Inequality in America

DarkWraith said:
Figgycal said:
Corporate profit keeps going up and yet our wages stay the same.


only accurate post so far. we continue to increase productivity while wages remain flat. wages need to match productivity. they don't and that's the fundamental issue. demand higher wages or bend over. this is what you saw with the fast food workers but they cant really harm the business and are easily replaced. whereas a collection of white collar workers could bring the business to a halt.

TRUE>



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Personally, it comes down to the population exceeding the ability to create jobs to keep up.

We should have a population control plan in place.....but then the riots will happen for restricting free rights.



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If you ask the same 5000 american people if they want their economic system to be based on capitalism, a vast majority will probably say yes.
Well, this is the consequence of it.

This is how capitalism works. No one should be surprised.
Nothing more, nothing less.

You dont hear much during elections about changing this capitalism system, so basically the american citizens accept this.
Maybe they accept it because they have been told during their life that they also can achieve this kind of wealt, and by the time they get old and are still poor or middle class they will blame themselfs for failing to become rich.

Maybe. I dont know.
But its not only like this in the usa. More western states are started to get like this, but none of them yet like the usa i think.



''Hadouken!''

Nobody ever looks at economic mobility.

If you divide people into income brackets...people aren't staying in the same bracket forever. Many are moving up, many are moving down.

Yes, wealth isn't distributed fairly, that's the way of life. But there is clearly opportunity to advance. Even some people in the bottom bracket 5 years ago are in the top couple brackets today. I have a video I could try to find explaining this if anyone cares/reads this and replies...but otherwise you can take my word for it.



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Mr Puggsly said:
Tom3k said:


LOL typical GOP thinking. Because people are poor by choice, right? Or people don't work because they live lucrative lives while on state benefits, right?


In most cases, being poor is absolutely a choice. Not acquring the skills needed to get a decent paying job is a choice. Espeically when the government hands out money for people to go to school.

There are people that don't work because government benefits give them essentially everything they need to survive. That's a reality, members of my family have been doing it for generations.

Is this something you honestly believe? Where are you getting your information from?



anonymunchy said:
Mr Puggsly said:

In most cases, being poor is absolutely a choice. Not acquring the skills needed to get a decent paying job is a choice. Espeically when the government hands out money for people to go to school.

There are people that don't work because government benefits give them essentially everything they need to survive. That's a reality, members of my family have been doing it for generations.

Is this something you honestly believe? Where are you getting your information from?


What am I saying you disagree with?

Many people living in poverty lack skills, made bad decisions, or aren't making an effort. I'm not saying anything outrageous, these are facts.

I'm basically saying more people have the ability to lift themselves out of being poor and make decent money. Unfortunately, many don't even try.



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Anyone who starts to gain wealth can easily see how this happens. Money management makes the income gap even greater. When I worked my first job I put away money in a fund and saw 6% (which is modest) return just by watching money grow. This is not uniform (hello 2008!) but over the course of decade it balances out for most people to be roughly 8-12%. This may not seem like much to some at first blush, but someone putting away 5K a year even over their lifetime can have a multi million dollar retirement fund.

My advice, start putting away money young (in your 20s) or immediately if you have not. Putting off a dollar now can yield many times that down the road.



Choosing poverty doesnt make sense.
Saying people choose to be poor doesnt make sense because no one wants to be poor, except monks with crazy meditation and kung fu skills.

Anyway.
Find a poor man and ask him why he is poor.
He will not tell you that he chose to be poor.

Go out in to the world and meet people.
Talk to them.
You dont know the world.
People have histories and stories.

We live a luxurious life, being concerned about console sales and game releases.
But its all nonsense.
It really doesnt matter how much sony sells and how the x1 will perform.
Its totally irrelevant.
Its only for us people who live an easy life to kill some time.

Its easy to talk about others when you dont know anything about them and they are not standing next to you.



''Hadouken!''

I just did a 450 a month for 40 years calculation to demonstrate

TOTAL INTEREST
$2,412,999.64
TOTAL CONTRIBUTIONS
$216,000.00

That is right, of your 2.6 million dollars, you actually put away 216K over your life time. Now just imagine a wealth person putting away, say 5K a month...

TOTAL INTEREST
$26,811,108.75
TOTAL CONTRIBUTIONS
$2,400,000.00

Easy to see how the wealth gap grows when a percentage of the society keeps putting money away seeing the advantage and large section never does. As the video pointed out the 1% makes a significant amount of its money off its money creating a cycle of wealth that unless someone is an idiot can sustain itself for generations with minimal effort.