Wealth Inequality in America

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Andrew

Well-Known Member
#1
Please watch the video before commenting.

http://www.youtube.com/watch?v=QPKKQnijnsM

It sucks that the top richest people are so well off with so much money when the poor bottom people are living with no money whatsoever.

My complaint is that wealth should be distributed more equally in the United States, like the "idea" version in the video.

What do you all think of this issue/video?
 
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Whispered

Well-Known Member
#2
so you're basically saying that money should be taken from the rich and given to the poor, when 9/10 times the rich are rich because they tried and/or earned it SOMEHOW and the poor are poor because they didn't earn it.

that's how capitalism works - wealth redistribution is, in effect, socialism, which leads to communism, which doesn't work.
 

allison

Well-Known Member
#3
This is just my opinion. I am a strong capitalist, which means that I believe that the hard working people should get the money. While not seeming completely fair, wealth inequality actually provides incentive and motivation for one to get a good job. Think about it, if every job in America got paid the same, we wouldn't have as many doctors lawyers etc as we needed! No one would be motivated to get a good job. If you want more money, well, you're going to have to work hard to get there, and I don't mean by patty flipping. I mean medical school, law school, etc. I would hate to see America become a socialistic country.


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so you're basically saying that money should be taken from the rich and given to the poor, when 9/10 times the rich are rich because they tried and/or earned it SOMEHOW and the poor are poor because they didn't earn it.

that's how capitalism works - wealth redistribution is, in effect, socialism, which leads to communism, which doesn't work.

THIS. Be my best friend pls ty


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Andrew

Well-Known Member
#4
so you're basically saying that money should be taken from the rich and given to the poor, when 9/10 times the rich are rich because they tried and/or earned it SOMEHOW and the poor are poor because they didn't earn it.

that's how capitalism works - wealth redistribution is, in effect, socialism, which leads to communism, which doesn't work.
No, I am saying that money should be distributed more equally. If you look at the video, the amount of money the top 1% makes goes off the screen. I think that if people who try to make money in this world fail and people who have so much money (the 1%) succeed, then that is pretty unequal. Obviously wealth distribution will never be equal among all Americans as the video states, but I think the gap between the 1% and the rest of Americans should not be as big as it is.
 

allison

Well-Known Member
#5
No, I am saying that money should be distributed more equally. If you look at the video, the amount of money the top 1% makes goes off the screen. I think that if people who try to make money in this world fail and people who have so much money (the 1%) succeed, then that is pretty unequal. Obviously wealth distribution will never be equal among all Americans as the video states, but I think the gap between the 1% and the rest of Americans should not be as big as it is.

Do you believe in socialism/Marxism?


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Andrew

Well-Known Member
#6
Do you believe in socialism/Marxism?


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No, I believe in capitalism. I believe people should have to work to obtain money. I just think the gap between the 1% and the rest of America is bigger than it really should be.
 

allison

Well-Known Member
#7
No, I believe in capitalism. I believe people should have to work to obtain money. I just think the gap between the 1% and the rest of America is bigger than it really should be.

You're basically contradicting yourself.


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Whispered

Well-Known Member
#8
No, I am saying that money should be distributed more equally. If you look at the video, the amount of money the top 1% makes goes off the screen. I think that if people who try to make money in this world fail and people who have so much money (the 1%) succeed, then that is pretty unequal. Obviously wealth distribution will never be equal among all Americans as the video states, but I think the gap between the 1% and the rest of Americans should not be as big as it is.
i mean, the difference between failure and success is naturally unequal.

if the 1% earn more money, that's how life works. it provides an incentive for the 99% to work harder (except our government gives the 99% everything so they lose the incentive, the probelm with entitlements)
 

philitup

The Internet Champion!
#9
This is just my opinion. I am a strong capitalist, which means that I believe that the hard working people should get the money. While not seeming completely fair, wealth inequality actually provides incentive and motivation for one to get a good job. Think about it, if every job in America got paid the same, we wouldn't have as many doctors lawyers etc as we needed! No one would be motivated to get a good job. If you want more money, well, you're going to have to work hard to get there, and I don't mean by patty flipping. I mean medical school, law school, etc. I would hate to see America become a socialistic country.


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I totally agree with this. I'm not saying that I'm happy that the poor are poor because they didn't earn it, but as you said, if we a got paid the same then my life goal would probably be to have the laziest job on the planet haha!
 

allison

Well-Known Member
#10
I totally agree with this. I'm not saying that I'm happy that the poor are poor because they didn't earn it, but as you said, if we a got paid the same then my life goal would probably be to have the laziest job on the planet haha!

Exactly!


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Lost

Well-Known Member
#11
This will never work even though its unfair.

Oh and for those saying most the rich people work harder/ earned it. I doubt that. A LOT of people are rich because they were born into it, have more options, given more chances.

Anyway wealth distribution will never work, but it is kind of sad that 15% + of Americans are under the poverty line.
 

Whispered

Well-Known Member
#12
This will never work even though its unfair.

Oh and for those saying most the rich people work harder/ earned it. I doubt that. A LOT of people are rich because they were born into it, have more options, given more chances.

Anyway wealth distribution will never work, but it is kind of sad that 15% + of Americans are under the poverty line.
I mean you can't say it's exactly "put in 100% more effort get 100% more money", and yea some people are rich because of birth.. But many people are rich not because they had more options, but because they took some risk or took an option they saw.

Plenty of people make lives from themselves - but it takes work. Sadly, I see so many today that are just unwilling to work - period, because our govenrment will throw more than my monthly food budget (with starbucks 5/7 mornings a week) at you and say "do whatever with it" and they use it to do things, y'kno, other than buy food.

There's so many people on social security, medicare, medicaid, food stamps/SNAP/TANF, in government subsidized housing, etc. that either don't need it or abuse it.

To me, if you're going to be taking my taxpayer money to pay for yourself, you better be using it only while you're trying your absolute hardest to get back on track for a life.


Furthermore, people seem to be afraid of minimum wage jobs - where 9/10 minimum wage jobs have so many chances for advancement, or at the very least can provide you some sort of job experience for a resume while you go get a associates/certificate with government money (tbh the gov't will actually pay for your college to get a certificate such as a CNA (starting $11.50 an hr), Pharmacy Tech (starting 14.50 an hour), LVN/LPN ($20ish per hour starting), etc).

So uh, yeah, lazy = bad to me. That's why I support mega restricting entitlements from our gov't, with screening and other stuff too.
 

Klamath

wants to go to france
#14
Wealth inequality is getting worse and worse as the top 1% make more, and the poor remain making very little. I don't think the 1% has to suffer from having their money taken away; they worked hard for it, so they shouldn't be penalized.

However, for the poor, hard work can get someone only so far. Many people who are poor remain poor because they don't have the same resources as people who have money by their side. Wealthier individuals tend to have family and friends who can support them both emotionally and financially; they can go to better schools that actually teach students well and can go to college because they can afford it. With a college education, they can work in top jobs and make more money, and then they can go on and raise well-grounded families who will have the same, if not better resources, to make even more money.

The poor often don't have the oppurtunity to make more money because they don't have these resources that wealthier individuals have; they often can't afford to live in a wealthy neighborhood with good schools, and paying for college is pretty much impossible unless they take out many loans (which will put them in debt, taking away from their savings) or scholarships (of which most are given to students who perform well in school; however, poorer students are more likely to attend schools that don't teach well, and therefore won't be able to earn higher grades compared to their wealthier counterparts). And for some people, college isn't an option, because it means not working full-time to make money to support their families. They can work very hard at their job that pays a low wage and get promoted, but higher paying jobs often require an extensive education (which they couldn't afford in the first place), blocking out their oppurtunities to make more money.

A person at the local McDonald's (just an example) can work hard and earn his/her way to a managerial position, but it would be hard to get into an executive position because 9 out of 10 times those kinds of positions requre at least a Bachelor's or Master's degree, something he/she wasn't able to get because college was too expensive to pay for. Going back to school is always an option, but that means working less hours (less money in the bank) and paying tuition (even less money in the bank).

College tuition is also very expensive to pay for. State universities charge at least 5k per year and private institutions have been known to charge up to 35-50k per year, exlcuding books, class fees, transportation, etc. Grants and scholarships often don't cover the full cost, and loans are just there to delay payments that have to be paid later on.

There are success stories like the Horatio Alger-type where poor people get rich and become successful, but that's only a drop in the bucket.
 

Whispered

Well-Known Member
#15
When I said money should be distributed more equally, I meant the gap between the 1% and the rest of America should not be so high.
When you look at the fact that a lot of the 1% (at least the most well known, and many of the non-so-well-known ones) put huge chunks of their money towards charity, I think it kinda makes it good that they get lots of money - think of your family, mine maybe gives 1, maybe 2% of their annual income to charities each year. These people give 50% or more sometimes.
 

Exodus

Well-Known Member
#16
When you look at the fact that a lot of the 1% (at least the most well known, and many of the non-so-well-known ones) put huge chunks of their money towards charity, I think it kinda makes it good that they get lots of money - think of your family, mine maybe gives 1, maybe 2% of their annual income to charities each year. These people give 50% or more sometimes.
Yep. Many of the top 1% have donated over millions of dollars... they're doing their part. You can't blame them for being showered with high income consistently. Also to those stating many of the 1% were born into it... well it requires a lot of hard work to maintain and manage that wealth... it doesn't take so long for people's lives to go downhill in an instant...
 

Meadow

I read and stuff.
#17
First of all, I think one or two of you are confusing socialism with communism. Socialism is about people getting paid what they work for and having the equality so everyone has an opportunity at that. It's not the laziest person getting paid the same as the hardest worker. This whole "redistributing wealth and taking it from the rich" is NOT socialism. Socialism helps pay for our highways, Police, firefighters, etc. Socialism is not a bad thing. Communism has proved itself to be in other countries, but that doesn't necessarily mean that the theory itself is bad.

However, because Klamath summed up everything I wanted to say regarding the American Dream quite nicely, I want to question those of you who feel that the rich people "deserve" the wealth and have "earned" it. Instead of focusing on the poor, why not focus on the rich?

Fox News just loves to call those on welfare "moochers," "takers," and even "parasites." Poor people are apparently abusing taxpayers. What? Because they live off of food stamps? It's clear to me that capitalists have assumed that money = hard work. No money = no hard work. What about the single mom working two jobs and raising a kid at the same time? Is she not working hard enough to break through the barrier? Capitalism has made it nearly impossible for the low class to "break through" to the middle class.

No one is suggesting that the rich simply give their money to the poor. But it is not unreasonable to ask them to STOP taking advantages of tax loopholes. Why are the rich--those who can afford to pay more taxes-- paying less than those who can barely afford to feed themselves? Many large corporations are actually paid money by the government instead of paying taxes. More than FOUR BILLION dollars in tax subsides that are given to (already profitable) oil companies alone. Are you seriously telling me that these CEOs making billions of dollars work that much harder than those who are poor?

I am from a very well off family. My parents don't do an insane amount of work and have a lot of free time. Instead of spending thousands of dollars on purses, shoes, and vacations, we could easily pay a higher percentage in taxes.

EDIT: I would also like to add that these hard-working, morally sound millionaires pay for lobbyists to continue to nudge (mostly Republican) members of Congress to continue passing laws and creating more tax policy that is only beneficial to them. You know that saying, "Get the money out of politics"?
 
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Whispered

Well-Known Member
#18
First of all, I think one or two of you are confusing socialism with communism. Socialism is about people getting paid what they work for and having the equality so everyone has an opportunity at that. It's not the laziest person getting paid the same as the hardest worker. This whole "redistributing wealth and taking it from the rich" is NOT socialism. Socialism helps pay for our highways, Police, firefighters, etc. Socialism is not a bad thing. Communism has proved itself to be in other countries, but that doesn't necessarily mean that the theory itself is bad.

However, because Klamath summed up everything I wanted to say regarding the American Dream quite nicely, I want to question those of you who feel that the rich people "deserve" the wealth and have "earned" it. Instead of focusing on the poor, why not focus on the rich?

Fox News just loves to call those on welfare "moochers," "takers," and even "parasites." Poor people are apparently abusing taxpayers. What? Because they live off of food stamps? It's clear to me that capitalists have assumed that money = hard work. No money = no hard work. What about the single mom working two jobs and raising a kid at the same time? Is she not working hard enough to break through the barrier? Capitalism has made it nearly impossible for the low class to "break through" to the middle class.

No one is suggesting that the rich simply give their money to the poor. But it is not unreasonable to ask them to STOP taking advantages of tax loopholes. Why are the rich--those who can afford to pay more taxes-- paying less than those who can barely afford to feed themselves? Many large corporations are actually paid money by the government instead of paying taxes. More than FOUR BILLION dollars in tax subsides that are given to (already profitable) oil companies alone. Are you seriously telling me that these CEOs making billions of dollars work that much harder than those who are poor?

I am from a very well off family. My parents don't do an insane amount of work and have a lot of free time. Instead of spending thousands of dollars on purses, shoes, and vacations, we could easily pay a higher percentage in taxes.
First bold: I have never seen Fox call someone like that a moocher. Fox calls people who live on food stamps, have no job, are not looking for a job, refuse offers of 10+ dollar an hour easy jobs, and eat lobster and surf all day moochers. Because theya re.

By the way, socialism is not paying for public services - that's called "paying for public services with taxpayer money" or "taxation". However, it is socialism when the government tries to take over what should be general charity's work - helping the poor, especially to the extent they do now.

Furthermore, how did those people become CEOs? Do you think they were "born" into being a CEO? Sure, their job now may not be super duper tough, but how did they get there? They worked through the ranks, didn't do anything to make their superiors mad, and got promoted all the way. OR, they opened up their own company, which is already a hard thing to do with all these government regulations, and were able to make themselves successful. CEOs do not just pop out of thin air.

"But it is not unreasonable to ask them to STOP taking advantages of tax loopholes." This is already against at least 3 federal tax laws. If the IRS would spend their time auditing people instead of denying tax-exempt status for perfectly legal conservative organizations, maybe they'd catch more of the criminals and get them to pay their taxes.

"Many large corporations are actually paid money by the government instead of paying taxes. More than FOUR BILLION dollars in tax subsides that are given to (already profitable) oil companies alone." - I'd love to see the statistic for anything other than the oil companies. But I'll also remind you that the federal government under the Obama administration has found some way to make the price of gas in the US rise from an average of <$2 per gallon to about $4 per gallon. But I definitely agree we should not be subsidizing large companies, or "stimulating" the economy (which stimulus=inflation in all reality, look at what the few Obama has pushed through have done to prices).

"we could easily pay a higher percentage in taxes." - My father is barely below a 6 figure salary (like, barely). We are strapped for cash - mainly because we don't use tax loopholes, we don't move money around to try to trick the IRS, etc. If our tax rate went up from the already high percentage it is, we'd probably be faced with me having to drop out of college and not go to even community college.

----

That's really the problem with a progressive (sectored, partitioned, whatever you want to call it) tax scale. People who follow the system end up paying the taxes for those who don't. If we had one flat rate tax for everyone - rich, poor, middle, etc, plus an exemption (0 income tax rate) for those below a certain level, it'd be much much simpler, less hassle, and less opportunities to cheat. But the democrats on capitol hill will refuse to even acknowledge this as a viable solution, and instead push forward with their "raise the taxes on the 1% to pay for the people who wiggle their way out of taxes".

Overall I think we should just do what the Queen of England did in (i think) Australia many years ago - disband the entire parliament (our congress), and make them re-elect people. However we'll have to wait a few months for that to happen :)

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EDIT: I would also like to add that these hard-working, morally sound millionaires pay for lobbyists to continue to nudge (mostly Republican) members of Congress to continue passing laws and creating more tax policy that is only beneficial to them. You know that saying, "Get the money out of politics"?

-My edit:

Not really. Did you know that many many of the lobbyists on capitol hill are either union-affiliated (liberal leaning) or Obama lobbyists sent to push whatever he wants (cause his ideas aren't even popular with lots of his own party)? Furthermore, the Republicans don't own the senate, and have a relatively slim majority in the house, so they can't do anything on their own.

(like i said, flat rate tax would solve all of that - no need to lobby for any changes as the only changes that'd need made are "do we raise the tax a tenth of a percent this year to pay for nasa to send someone to neptune or something")
 
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Meadow

I read and stuff.
#20
Because I'm obviously very liberal and see no use in debating (on a VMK forum, no less) with someone whom I will not be able to change (and vice versa)...

i just had a revolutionary idea
lets rise up the peoples army and seize control of the state
smash the bourgeoisie
gg thread over
 
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