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

To: combjelly who wrote (636009)	11/13/2011 9:10:57 PM
From: tejek	Read Replies (3) \| Respond to of 1578288

But, when a smaller and smaller group controls more and more of the total wealth, that does make the rest of us poorer. Its a concept they adamantly refuse to understand.

To: combjelly who wrote (636009)	11/13/2011 9:36:55 PM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1578288

But, when a smaller and smaller group controls more and more of the total wealth, that does make the rest of us poorer. Which is what has been happening over the past 3 decades. And really accelerated over the past decade. Upward social mobility is way down. Even below that of much of Europe. Downward mobility is increasing for the shrinking middle class. The tax cuts and cutting of regulation during the Reagan administration was supposed to benefit everyone, the rising tide lifts all boats. But, the reality was that instead of trickle down, we got trickle up. And that trickle has expanded to a growing stream. This is the biggest bullshit post I've seen in a while. In fact, probably since the last time you showed up around here.

To: combjelly who wrote (636009)	11/14/2011 7:58:49 AM
From: Brumar89	1 Recommendation Read Replies (1) \| Respond to of 1578288

Actually people getting richer doesn't make anyone else poorer. Percentages are irrelevant and are based on the primitive idea that there's a fixed amount of wealth in the world. Not one of us is poorer because Mark Zuckerberg or Warren Buffet or Steve Jobs or the Koch brothers got rich. In fact, we're actually better off because we live in a society so wealthy that some can get really really rich.

To: combjelly who wrote (636009)	11/21/2011 10:36:05 PM
From: TimF	1 Recommendation Respond to of 1578288

But, when a smaller and smaller group controls more and more of the total wealth, that does make the rest of us poorer. Only if you have a fixed pie. A larger percentage of a growing pie, doesn't result in everyone else's slices becoming smaller. The rich still mainly become rich by creating wealth, and benefits for others, not by taking from others (although its true that with the growth of government and the concurrent increase in rent seeking the percentage of the rich that are takers is increasing). Also upward social mobility is still significant (as is downward mobility)