The income gap poses a risk.
- Thread starter Garfield1966
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jimntx
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"Yellen said inequality [in income] is higher in the USA than in other industrial nations and the safety net less generous."
The man has an incisive grasp of the obvious.
The man has an incisive grasp of the obvious.
Imagine that!! A former Clintonian and President of the San Francisco fed. Yeah, you sure got yourself a non-partisan there Garfield!! rotflmmfao
What she's advocating is Socialism. Thanks for posting this. It goes directly to the bottom line of why NOT to trust a demolib like you and Yellen.
What she's advocating is Socialism. Thanks for posting this. It goes directly to the bottom line of why NOT to trust a demolib like you and Yellen.
Garfield1966
Veteran
How silly of me. I forgot only republicans know the truth. If a dem says anything it must be wrong. My apologies. I will strive to do better.
I must have missed the part where he was advocating socialism. I’ll need to read it again. I assume by your response you have no facts to contradict what she stated.
I must have missed the part where he was advocating socialism. I’ll need to read it again. I assume by your response you have no facts to contradict what she stated.
Here we go with the "ass u ming" again. Facts?? What facts do you have other than her OPINION that the disparity in incomes is posing a risk. What she wants just like every other demolib is income redistribution where the ones that work hard for their money get it taken away and given to those that are "less fortunate" amoung us.
Garfield1966
Veteran
Easily verifiable fact
From 1973 to 2005, real hourly wages of those in the highest 10% income bracket rose 30% or more, with big gains in the top 1%. Those in the bottom half of the scale saw 5% to 10% gains. The pattern altered a bit in the past decade, when people near the bottom actually saw faster gains than those in the middle, and the top continued to prosper.
http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
In the United States, wealth is highly concentrated in a relatively few hands. As of 2001, the top 1% of households (the upper class) owned 33.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 51%, which means that just 20% of the people owned a remarkable 84%, leaving only 16% of the wealth for the bottom 80% (wage and salary workers)
When the wealthy start to pay their fair share (paying the same % of tax on the same % of income) then we can see how it works out. I fail to see how that is "income redistribution". Seems to me that they are getting a free ride and people such as your self are letting them.
From 1973 to 2005, real hourly wages of those in the highest 10% income bracket rose 30% or more, with big gains in the top 1%. Those in the bottom half of the scale saw 5% to 10% gains. The pattern altered a bit in the past decade, when people near the bottom actually saw faster gains than those in the middle, and the top continued to prosper.
http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
In the United States, wealth is highly concentrated in a relatively few hands. As of 2001, the top 1% of households (the upper class) owned 33.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 51%, which means that just 20% of the people owned a remarkable 84%, leaving only 16% of the wealth for the bottom 80% (wage and salary workers)
When the wealthy start to pay their fair share (paying the same % of tax on the same % of income) then we can see how it works out. I fail to see how that is "income redistribution". Seems to me that they are getting a free ride and people such as your self are letting them.
700IAM
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Wisdom is not easy to find these days, so everyone reading who has none,most, here is an example.
When you aren't cutting and pasting from the Bible, your English makes no sense. Maybe you should stick to cut-and-paste?
Garfield1966
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Considering you have difficulty in posting a single sentence which is grammatically correct, much less one with any substantive content, I fail to see what your point is. Unless of course it is to prove your obvious short comings.
Really, if you are going to comment on the wisdom of certain posts or sources, your post at the very least should, oh how shall I say this, not make you look like an ignorant fool.
Good luck.
700IAM
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When a fool is failing miserable they always resort to the proper English and grammar lecture the only pathetic defense they can think of.
You know what you are and I am sorry you realize it because I know it's painful.
Luck, is for fools....
Gilding the Lily
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700,
Do you live in the U.S.? Or are you originally from another country? I am not trying to be rude; I would just like to know what perspective you are coming from?
The reason I ask is because *your* postings appear to be from an individual who is ESL (English as a second language).
Although your postings never make much sense to me, perhaps a "light bulb" would go off in my head once I knew what country you were from. Say you were from the Azores... at that point I would realize that you were quasi-Portuguese and on a desolate island. This would make sense, as you would not have much contact with the outside world. If this were true, you would have an excuse for any inadequate social abilities.
Great, just great. Now if you speak in logical sentences (we're not even talking "proper" english, 700...we're just talking something we can comprehend...your english is not comprehendable) you are doomed to Hell. Is there anything that won't doom me to Hell?
Garfield1966
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Azores? Where the heck did you pull that one out of? I'm still laughing my a$$ off.
700IAM
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You don't know what I am saying because like most on here, you are a flamer lost and muddled in your own perception of reality. Your definition of Christianity Satan agrees with. I am from a place you will never find let alone know.
Garfield1966
Veteran
See. I told you he was an alien from some other world.
