60 million are on welfare. They don't have a paycheck. We are paying them.
Feel free to state your opinion on government policies but if you attempt to state a fact, get it right. Many on S.N.A.P. or informally food stamps do work.
Who cares. They are mutually exclusive events. Those guys aren't rich because they made everyone else poor.
Unfortunately, around half the country (and you can guess which half) thinks they did. They think every dollar in Elon Musk's bank account is a dollar that was somehow unfairly displaced from the bank accounts of the "bottom 50%."
You're wrong because money is a competitive asset. Money isn't food. Money isn't housing. Money is how we determine distribution of finite resources. Every purchase/sale operates like an auction and if you have more money, you can outbid others which secures those resources for yourself and means other people don't have them. There is no value in money itself, it's what that money can purchase that is important.
If you earn an extra $5,000 but someone else earns an extra $50,000 then they'll buy the property you want to buy instead of you. You'll have more money but you'll be poorer.
Who cares. They are mutually exclusive events. Those guys aren't rich because they made everyone else poor.
Yes they did, profit is just another word for stealing the surplus value created by the workers.
No one is putting a gun to the workers head here in the USA. Aren't happy with your standard of living? Go get a higher paying job. Better yet, get some education that increases the probability you will be successful. But don't take out any loans, stick to a CC if possible or go into a recession proof trade. My father-in-law was a plumber, not even a HS graduate. Put three kids through college, paid off his house and lived a happy, productive life with plenty of cash in the bank.
It's an outrage! We cannot rest until everyone is equally poor. And that can only happen when we eliminate prosperity.
But let's make an exception for our Overlords in Washington - OK? They'll get it from China anyway. We'll have nothing left to give them.
And don't even get me started on Aaron Judge! Why did we do nothing but watch him grab all of the home runs? Doesn't anyone care about the players at the bottom? Shouldn't they get a fair share of the home runs?
It's an outrage! We cannot rest until everyone is equally poor. And that can only happen when we eliminate prosperity.
But let's make an exception for our Overlords in Washington - OK? They'll get it from China anyway. We'll have nothing left to give them.
And don't even get me started on Aaron Judge! Why did we do nothing but watch him grab all of the home runs? Doesn't anyone care about the players at the bottom? Shouldn't they get a fair share of the home runs?
(OK, I got that from Thomas Sowell)
You are going to bring T Sowell into the discussion? Really? T Sowell applied to graduate school as a left wing thinker. T Sowell wrote his PhD dissertation as a left wing economist. Since there is no work as an advocate for left wing philosophy, T Sowell saw the trend, switched sides before The Purge and you are quoting T Sowell as if he's a true believer in what he has stated over the past (35 or 40) years. Please note: The Purge was the firing of left wing economists in 1990's.
Yes they did, profit is just another word for stealing the surplus value created by the workers.
No one is putting a gun to the workers head here in the USA. Aren't happy with your standard of living? Go get a higher paying job. Better yet, get some education that increases the probability you will be successful. But don't take out any loans, stick to a CC if possible or go into a recession proof trade. My father-in-law was a plumber, not even a HS graduate. Put three kids through college, paid off his house and lived a happy, productive life with plenty of cash in the bank.
How about the Biden admin making it illegal for the railroad workers to strike?
No one is putting a gun to the workers head here in the USA. Aren't happy with your standard of living? Go get a higher paying job. Better yet, get some education that increases the probability you will be successful. But don't take out any loans, stick to a CC if possible or go into a recession proof trade. My father-in-law was a plumber, not even a HS graduate. Put three kids through college, paid off his house and lived a happy, productive life with plenty of cash in the bank.
How about the Biden admin making it illegal for the railroad workers to strike?
Not a gun to the head?
Nope................while they may not have a choice to work if employed by the railroad, they can choose not to work for the railroad. Not a great choice for most during these times, however given the worker shortage I suspect there are jobs available should one elect to leave.
Yes they did, profit is just another word for stealing the surplus value created by the workers.
No one is putting a gun to the workers head here in the USA. Aren't happy with your standard of living? Go get a higher paying job. Better yet, get some education that increases the probability you will be successful. But don't take out any loans, stick to a CC if possible or go into a recession proof trade. My father-in-law was a plumber, not even a HS graduate. Put three kids through college, paid off his house and lived a happy, productive life with plenty of cash in the bank.
A wise man once said the difference between feudalism and capitalism is just the number of rich people the serfs can work for.
Unfortunately, around half the country (and you can guess which half) thinks they did. They think every dollar in Elon Musk's bank account is a dollar that was somehow unfairly displaced from the bank accounts of the "bottom 50%."
You're wrong because money is a competitive asset. Money isn't food. Money isn't housing. Money is how we determine distribution of finite resources. Every purchase/sale operates like an auction and if you have more money, you can outbid others which secures those resources for yourself and means other people don't have them. There is no value in money itself, it's what that money can purchase that is important.
If you earn an extra $5,000 but someone else earns an extra $50,000 then they'll buy the property you want to buy instead of you. You'll have more money but you'll be poorer.
Wrong. you’re thinking of money strictly in terms of consumption. Money is also used as capital for investment and development of new products, processes and technologies. You yourself say “accumulation of resources “. Resources can be used for something other than consumption. It can be used for enlarging the pie so that all can enjoy and have access to more. Without resources, Steve Jobs could not have developed the iPhone. Carnegie could not have revolutionized the steel industry. Edison could not have pushed the electric technology. The list goes on and on.
The stat quoted by OP doesn't really say much of anything about the wealth of the top three individuals. It says a whole lot about the wealth (or lack thereof) of the bottom X %.
But the bottom X % are the ones most likely funneling their $ to the top 3.
Because the top 3 are providing a product or service they want or need. They aren't sneeking into houses at night to steal it.
Want some money? Go provide a product or service other people want or need. They'll pay you, too.
Forbes' Real-Time Billionaires rankings tracks the daily ups and downs of the world’s richest people. The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes t...
Such BS. Leftists want to focus on the OUTPUT without consideration of INPUT. If you really want to see disparity, see what those with the most wealth did to earn and keep that wealth.
Poverty and wealth are nothing more than byproducts of life choices.
The most important of which is choosing your parents well.
And don't even get me started on Aaron Judge! Why did we do nothing but watch him grab all of the home runs? Doesn't anyone care about the players at the bottom? Shouldn't they get a fair share of the home runs?
(OK, I got that from Thomas Sowell)
You are going to bring T Sowell into the discussion? Really? T Sowell applied to graduate school as a left wing thinker. T Sowell wrote his PhD dissertation as a left wing economist. Since there is no work as an advocate for left wing philosophy, T Sowell saw the trend, switched sides before The Purge and you are quoting T Sowell as if he's a true believer in what he has stated over the past (35 or 40) years. Please note: The Purge was the firing of left wing economists in 1990's.
Thomas Sowell grew up poor and black and the only message available was left wing scaremongering. After completing his education he worked in a government bureaucracy. Nobody in government would listen to his ideas to improve government programs. They just presided over their fiefdoms and grew their budgets. He eventually realized they did not care at all about the poor and just used government handouts as vote harvesting. Took him a while but he was open minded.
No one is putting a gun to the workers head here in the USA. Aren't happy with your standard of living? Go get a higher paying job. Better yet, get some education that increases the probability you will be successful. But don't take out any loans, stick to a CC if possible or go into a recession proof trade. My father-in-law was a plumber, not even a HS graduate. Put three kids through college, paid off his house and lived a happy, productive life with plenty of cash in the bank.
Your father in law was able to do that but that was long time ago. Today, the same path would probably impossible. Just alone "3 kids through college". How much was it then, how much is that now?
Such BS. Leftists want to focus on the OUTPUT without consideration of INPUT. If you really want to see disparity, see what those with the most wealth did to earn and keep that wealth.
Poverty and wealth are nothing more than byproducts of life choices.
The most important of which is choosing your parents well.
Life isn’t fair. Get over it. Just do the best with what ya got.
But the bottom X % are the ones most likely funneling their $ to the top 3.
Yeah, that's not how it works. The bottom X percent doesn't have any money to funnel to anyone.
Some real geniuses posting in this thread.
Last I checked lots of poor people have iphones and shop on Amazon. The only people NOT funneling money to American oligarchs are literally hobos on the street and while there are a fair number of them, its trivial compared to the overall population of poor people.
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