Breaking: 3 Richest Americans Now Own More Wealth Than Bottom 50%

How many votes do the 3 richest Americans get versus the bottom 50%?

 

Yeah he sure crushed Apple.

 

Jealousy and envy.

 

LOL!!! Good catch. My goof. I should have said "When you say "the wealthy can't keep a person from increasing his wealth if he chooses to do so", doesn't that imply that the reason half the population has an income under about $45,000 is because they don't choose to increase their wealth? Yes or no?"

That wealth is typically in the form of real estate, gems, precious metals, preferred stock, and cash. But in any case, the point is that when the top 0.1% own as much wealth as the bottom 90%, it means that the bottom 90% don't see that money owned by the top 0.1% in their lives. For them, it is out of circulation. And the result is that, as I said, demand and consumption remain depressed and the economy can't flourish and thrive.

 

Somebody is starting to use their head. It doesn't matter what party sits at the throne, it always stays the same, or for the people, get's worse. The inequality of wealth in America, is because that's exactly what the people want, vote for, thus get!

They don't vote on a person's background, how they contributed to society, their accomplishments, bravery, courage, an open mind (willing to change their own ways), sacrifice, and of course their wrong doings, because we all have those, even though people say they don't.

People want to continue to ignore common sense and how to treat others, doing good instead of that which is wrong, being fake and never themselves, acting as if there is 20 different genders, replacing good with evil and vice versa, selling out for fame and fortune, then the same will continue.

Isn't it said, that those who do the same thing over and over, yet expect a different result, is the definition of "insane/insanity"? That's what the American people do, year after year, and election after election. They complain about the system, all the while, contribute to it. Your masters will do what best benefits them, and they do, over and over and over again. Why would they care about the fake, no common sense, idiotic people, that allow them to do what they do?

So why do you continue to complain and read the "news articles and stories" that they want you to argue over? It keeps you from the "good stuff", to occupied on that which is fake to gain the truth.

"Ever learning, yet never able to come to the knowledge of the truth."

 

This wealth inequity argument is just wrong and does nothing but shows ones ignorance

the argument is equivalent to two kids playing on a huge sand dune in the middle of the Sahara desert with a buckets and shovels
then after awhile one kids looks over into the bucket of the other kid and starts crying because the other kids has more sand in his bucket then he does

wealth isn't finite its is created limitlessly. On having more wealth doesn't cause another to have less
one just needs to go out and fill his own bucket with sand and stop worrying about what is in someone else's bucket

 

anyone that argues using wealth inequity shows nothing but their ignorance
wealth isn't finite it is created limitlessly one having more wealth doesn't cause another to have less

 

So you're a communist?

You realize you're free to vote with your feet you don't have to work for them. You don't have to buy any of the goods or services that they produce.

You can be an entrepreneur and beat them at their own game.

You can't do any of those things in communism. In fact there will still be the rich elites but laborers really will be their servants.

 

Look, you can wish and plead that the economy isn't rocking under Trump all you want, facts are facts:

https://tradingeconomics.com/united-states/corporate-profits



https://data.bls.gov/timeseries/LNS14000000



http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart



This is all inconvenient for your agenda, but facts are facts.

 

This x 1000000.... The barriers to entry in most fields are insurmountable and 100% enforced by our gubmit - paid off by hordes of lobbyists. The system is broken.

 

Facts? Really? You want facts?
Ok, facts.
Fact is that the increasing profits, as I already said when I presented the facts, were not due to sales growth, or increased consumption. "Profit" is a company's total revenue less its operating expenses, interest paid, depreciation, and taxes.
It is the money a business has left after it pays its operating expenses,taxes, and other current bills.
Note: no mention of sales or demand, etc.
And how were these profits that you cite kept so high? Fact: by cutting costs; not mainly by increasing business.

So you're the one who is denying and avoiding facts.

 

Trying to keep up will all the ones trump hired lol

 

Your conjecture is not factual. My posting of the actual graphs are factual.

I understand exactly how corporate profits work, I own 3 corporations.

With unemployment dropping, profits raising, and market prices growing, it would be foolish to make the claim that the economy is not growing.

Now, you can make the claim that the economy is growing on the backs of the workers, or even try to prove that the workers wages aren't keeping pace with inflation and traditional labor market growth. Fine, we can debate that.

But you don't get to debate that the economy is growing. Facts say otherwise.

 

This is not true. The wealthy are constantly trying to suppress others from becoming wealthy. It makes sense too. While economics may not be zero sum, consumers disposable income is most certainly finite.

 

You highlight revenue and then claim there is no mention of sales you are playing word games while screaming facts did you think anyone would fall for it?

 

How does a person with money have power over you?

 

Yes, something happened in 1971, the very beginning of the meteoric rise in income inequality, per your chart. Do you know what happened in 1971?

 

The consumer mentality is a prison, and they keep putting more bars around people every time they click the TV on.

 

"Consumer mentality" is a prison? Can you please elaborate?

 

My apologies. I won't be able to do you any good.

 

Really? How do you know it won't be able to do me any good?

In my opinion, all exchange of knowledge and opinion is good. But I guess you disagree.

Weird that you're on a debate forum.

 

Why on earth would the wealthy with all their money invested in companies trying to produce income not want other people to become wealthy? How would that make them more wealthy. They need other wealthy people to hire people and put them to work making money so they can buy their products. They need that other capital formation to expand the economy so they can expand their assets and businesses. It always amazes me how people trying to talk economics come to the conclusion a few rich people want everyone else to be poor because it somehow enhances and grows their own wealth.

 

Let's say that you're wealthy. How could you, as an individual, without the aid of the state, prevent me from becoming wealthy?

 

How so? The shear number of things that I can buy has grown exponentially in my lifetime and they are some GREAT things better things than I used to be able to buy.

 

Just who the hell do you think owns the politicians?