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The wealth gap https://hm.dinofly.com/UP/forum/viewtopic.php?f=49&t=802 |
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Author: | Chicodoodoo [ Sun Jul 29, 2012 6:22 am ] |
Post subject: | The wealth gap |
What will the irreverent son of a rich man say, or do? Surprisingly, like father, like son. The growing wealth gap is a very visible symptom of a very disturbing problem. The wealth gap is inherently unfair. Few would deny that the world is an unfair place, and that some people should receive higher rewards for greater contributions. That means a wealth gap in itself, within reason, is healthy. But what about a constantly growing wealth gap, with the rich getting richer while the poor get poorer? Milton Friedman, respected economist and one of the architects of the current economy (an economy that is clearly in the midst of self-destruction), says the poor are better off now than they would be otherwise. Absolute nonsense! The monetary numbers he would use to justify his statement are rigged. 2012 dollars are not the same as 1992 dollars, which are not the same as dollars from any other year! We can't even measure the difference accurately, because official figures for inflation and dollar devaluation are woefully low and dishonest. But if we could measure accurately, I suspect we would indeed find that the vast majority of people are worse off, and Milton Friedman is deluding himself and others because of the personal benefit he receives, which is a complete conflict of interest. That same conflict of interest is exactly why government inflation figures are so bogus. The wealthy profit at the expense of everyone else. Parasites rule. The rest of us are lunch. Suppose the wealth gap was limited, so that the wealthiest among us could be no richer than 1000 times that of the poorest among us. When any one person hit the wealth limit, any additional income of his would be divided among all the people, effectively making the poor slightly wealthier and thereby raising the wealth limit. Under that simple system, a rising tide lifts all boats. The wealthy can still be wealthy, but now, everyone can benefit. The wealth gap remains fixed, and the only way to greater wealth for the wealthiest among us is to make everyone richer. What if the wealth gap were limited to 100 times that of the poorest among us, or only 10 times? What if it were 1 times the poorest among us, and all of us contributed to the rising tide in order to enrich us all? |
Author: | Chicodoodoo [ Sat Jul 13, 2013 3:07 am ] | |||||||||
Post subject: | Re: The wealth gap | |||||||||
Idiots! Any excellent idea, poorly executed, will fail. That doesn't mean the idea is a failure. The flaw in this idea is the 5 to 1 ratio. What ratios will make this idea succeed, and what ratio is optimal for all involved? If Ben worked for $81K per year, then the lowest paid worker was getting $16.2K per year, or about minimum wage ($8.10/hour). What if the ratio had been set to 50 to 1? Then Ben would make $405/hour, or $810K per year. Can't find a CEO that will work for that? BS, you can find lots of them. Even I would do it. I've run my own company for 27 years, every one of them in the black. Maybe the CEO you want requires a million dollars a year. Set the starting salary for the lowest paid employees at $10/hour, and you've got your CEO, along with some happier employees. 50 to 1 is probably not the optimal ratio, but it clearly works better than 5 to 1. A much higher ratio is probably as poor a choice as the 5 to 1 ratio. Google's CEO takes home an obscene $101 million every year. That's a ratio of 6234 to 1. So what is the optimal ratio that will satisfy all employees and still allow a business to thrive? And if humans are so smart, why haven't we solved this very simple economics problem? And don't give me any of that "free market" BS. There are no free markets wherever sociopaths are running the show, and that's what we've got. At the very least, we need to places limits on them. A 100 to 1 ratio seems like a good place to start. |
Author: | Chicodoodoo [ Tue Nov 12, 2013 6:16 pm ] | |||||||||||||||||||||||||||
Post subject: | Re: The wealth gap | |||||||||||||||||||||||||||
Ummm..... No. It's much worse than that.
The Rockefeller family is worth some $20 trillion at last count, probably more, given how the "little" billionaires are faring so well while the vast majority of humanity sinks into deeper poverty. And the Rothschild family is worth over $200 trillion, when you add it all up. You see, the controlled media titillates the public with the Billionaire Census, but say nothing about the Trillionaire Census. That's because the trillionaires own the media, and just about everything else, from governments down to billionaires, and further down to individuals, including you and me. And they want that bit of news kept quiet.
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Author: | Chicodoodoo [ Fri Nov 22, 2013 7:11 pm ] | |||||||||
Post subject: | Re: The wealth gap | |||||||||
Have the Swiss been reading the posts in this thread? They are set to vote on limiting the wealth gap in their country to a 12 to 1 ratio!
Go, Switzerland! "Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever does." -- Margaret Mead |
Author: | Chicodoodoo [ Wed Oct 08, 2014 10:12 pm ] | |||||||||
Post subject: | Re: The wealth gap | |||||||||
From the sociopaths' point of view, that's really good progress! |
Author: | Chicodoodoo [ Sun Oct 19, 2014 6:35 am ] |
Post subject: | Re: The wealth gap |
So even the Federal Reserve calls attention to the expanding wealth gap? Is it now so bad that they can no longer deny it, but must instead announce it as if they had nothing to do with it? Oh, that's devious, all right! Worthy of a sociopathic mind. |
Author: | Chicodoodoo [ Thu Oct 30, 2014 7:05 pm ] | |||||||||
Post subject: | Re: The wealth gap | |||||||||
Propaganda is throwing its weight around on the Internet as we are told that WAR IS PEACE, FREEDOM IS SLAVERY, and IGNORANCE IS STRENGTH. So of course now, wealth inequality is a good thing!
I don't need to ask myself such a ridiculous question. I still remember this BS from when Ronald Reagan sold it to the public as "trickle-down" economics. Making the rich richer isn't going to reduce the wealth gap and improve equality. This is just more deception and manipulation from the rich and powerful sociopaths, for their benefit at our expense. They are duping us, just like described in 1984. Making the wealth gap bigger is not the right direction for humanity. Making it smaller is. All wealth generated by human activity should be shared among all humans. A rising tide lifts all boats, or at least it should. |
Author: | Chicodoodoo [ Wed Nov 05, 2014 5:36 am ] |
Post subject: | Re: The wealth gap |
In the year 2000, almost 15 years ago, the richest 10% of adults accounted for 85% of the world's wealth. -- source In just the past 3 years, never mind the other 11+ since the year 2000, 10% percent of the world's total wealth was taken by the global 1%. -- source So now, in November 2014, I have two questions: 1. How much of the world's wealth is in the hands of the richest 10%? 2. How much of the world's wealth is in the hands of the richest 1%? I'm not sure we can make the calculations from just the information given in the first two paragraphs, because some portion of the wealth the 1% acquired came from the lower 90% segment of the population, and some came from the rich 91 to 99% segment. If the richest 1% got all of that money from the poorest 90%, then the richest 10% of adults would now hold 95% of the world's wealth. The rest of us all put together would only hold 5%. If, on the other hand, the richest 1% got all of that money from the other rich people in the world's richest 10% (besides themselves), without taking any of the wealth belonging to the poorest 90%, then the richest 10% of adults would still hold 85% of the world's wealth. I'll bet that didn't happen. Most likely, the figure is somewhere in between those two extremes, and the richest 10% of adults probably now hold more than 90% of the world's wealth. The total population of the world is about 7.1 billion. With the adult population of the world being around 5 billion, that means the richest 0.0000017% of adults (85 out of 5 billion) own half the wealth on the planet!! That seems not only obscene to me, but criminal. I suspect most of that wealth was indeed obtained by less-than-honest means. After all, we are talking sociopaths here, meaning people with no empathy, no shame, and no moral conscience. I think we could call those 85 people the ruling elite, or more accurately, our Masters. In any scenario, the richest people in the world clearly own the rest of us, and they can buy our cooperation in any enterprise they choose, including serving them as ignorant slaves while we falsely believe we are free. And if we don't cooperate? They pay someone else to eliminate any problem that disturbs them. |
Author: | Chicodoodoo [ Sun Nov 23, 2014 1:47 am ] | |||||||||
Post subject: | Re: The wealth gap | |||||||||
Who are those 85 people that control half the wealth on the planet? I have a friend that expects a simple answer to that question, and if you can't come up with the properly documented list in short order, she has a swift conclusion to deliver to you. Try reading this account of some of the financial powerhouses in the world today. If you can get through it all without losing interest or comprehension, you are probably a criminal with a vested interest in international fraud and money laundering. Normal people have their eyes glaze over after reading just a few paragraphs. I'm sure my friend would be one of those people whose eyes would glaze over, and she would follow it up with her usual conclusion. I doubt she could even read this short sampler:
My friend doesn't really want to know who the 85 people are. In fact, she simply doesn't want to know anything. Ignorance is bliss, and if you don't believe it, then conclusion. |
Author: | Chicodoodoo [ Tue Jan 06, 2015 2:46 am ] | |||||||||
Post subject: | Re: The wealth gap | |||||||||
Lots of money helps to make us more sociopathic. Gosh, who would have imagined that?
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