The rich are waging class warfare on the poor

Quote from failed_trad3r:

"50 years ago nobody had refrigerators. Now everybody has one. So now, there are no more poor people.":cool:
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Not quite so basic, but that is one of the examples. Updates especially in the quality of those refrigerators certainly has improved, and some even have internet connections now.

A coffee maker has an alarm clock that will make you coffee before you get up. Or my personal computer, a machine that enables you to look up any information you want to know. Like where my next statistical argument is coming from, or how much do people really understand about economics.
 
Quote from bwolinsky:

No it is not. Do what I said: look up the percentage of people earning more than $70,000. It is all supported by BLS data, and I seem to remember a stupid thread on a similar subject in which they claimed wages were declining when there wasn't a single quarterly period with declining overall compensation. I guarantee that statistic is still true and hasn't ever declined.
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Right after WWII people in the US earned a lot less - and suburbia was still built on 1 income-earner in the family....
 
Quote from bone:

failed trader:

You never played contact sports with the other boys, and you really want to wear a skirt and boss those boys around, right ?
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Why would I want to wear a skirt?

What's funny in this thread, I take a look at the graph, then some guy as 200th posts says the poor steal more and more from the rich and it's despicable. Now I ask you to look at the graph, the line of the rich goes up, the line of the poor goes down, and still this guy says it's obvious that you can conclude from these two diverging lines that the poor steal more and more from the rich.

Too funny!:p :cool: It does not surprise me anymore that the USA is only at 40th place of education in the world.
 
Quote from plyka:

And yet what has happened to government spending? What has happened to regulations? Both have gone through the roof over the time period you are taking.

What does that say? As government becomes bigger, the rich get richer and the poor get poorer and the middle class disappears. This is the only objective conclusion you can come to. And it makes sense.

The rich use regulations in order to protect themsevles from competition. They make sure that small companies do not come into existence, because they have to spend millions on regulations. They make sure that they get the licenses to operate the business.

And guess who gets all the fat contracts that come from government spending? It's not you and me. It's the guys who pal around with the government elite. IE the rich.

If you want the income gap to SHRINK then you must shrink the size and power of the government, you must REDUCE regulations you must reduce government spending.

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Good post, although in Europe and Asia I don't see the middle class disappearing and one doesn't need to have government contacts to make a very decent living (ie to become rich, although the top guns seem politically very well connected and you are definetely right a significant portion of this govenment spending goes into making the top guns richer) .
 
Quote from MarketMasher:

Right after WWII people in the US earned a lot less - and suburbia was still built on 1 income-earner in the family....
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Yes, but what was the life standard of those families ?? Plenty of families still living on one adult's income btw, and living better than decades ago for the large majority.
 
This is a timeless thread.

Nothing has changed since the beginning of recorded history.

Where is the perfect society ?
 
Quote from Random.Capital:



It is an absolute myth that the private sector is more efficient than the public sector.
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LOL

Where does elite trader even fnd these people?
 
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