Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (606058)	4/1/2011 11:41:44 AM
From: tejek	Read Replies (3) \| Respond to of 1580111

Of the 1%, by the 1%, for the 1% Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret. BY JOSEPH E. STIGLITZ•ILLUSTRATION BY STEPHEN DOYLE It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous—12 percent in the last quarter-century alone. All the growth in recent decades—and more—has gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran. While many of the old centers of inequality in Latin America, such as Brazil, have been striving in recent years, rather successfully, to improve the plight of the poor and reduce gaps in income, America has allowed inequality to grow. Read More vanityfair.com

To: TimF who wrote (606058)	4/1/2011 11:43:32 AM
From: tejek	Read Replies (2) \| Respond to of 1580111

Voter ID laws are laws to make sure someone is a legitimate voter, nothing racist about the concept or most of the recent execution of the concept. The justice department charged all of 95 people with election fraud between 2002 and 2005, a span during which hundreds of millions of people voted. 1 - 95 cases in a few years is not "non-existent". 2 - Your measuring charges, not cases of fraud. Do you assume no fraud went undetected? Or was detected without prosecution? Its a poll tax......poll taxes are considered racist and illegal: en.wikipedia.org