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10-26-2008, 05:56 AM #11Senior Member
US wealth gap among world's highest
Originally Posted by texas grass
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10-26-2008, 03:22 PM #12Senior Member
US wealth gap among world's highest
"if you're rich you should be giving a minimum of half your income away"
- what do you consider rich, and to whom should rich people be giving half their money? half seems like an awful lot of money to be giving away...mansions and mercedes don't grow on trees ya know!
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10-26-2008, 05:29 PM #13Senior Member
US wealth gap among world's highest
Originally Posted by IAmKowalski
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10-26-2008, 07:05 PM #14Senior Member
US wealth gap among world's highest
the competition for the defence industry isn't that tough...as you noted, they have exclusive access to a captive domestic market worth a few hundred billion dollars per year with annual increases that exceed the rate of inflation by multiple factors...on top of that, a significant chunk of US foreign aid is linked to military/security so they get that cut too...that's some serious wealth distribution!
The Trillion-Dollar Defense Budget Is Already Here: Newsroom: The Independent Institute
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10-26-2008, 10:23 PM #15Junior Member
US wealth gap among world's highest
Originally Posted by maladroit
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10-26-2008, 11:59 PM #16Senior Member
US wealth gap among world's highest
it's true: people do not *need* that much money, but taking half of the income of rich people seems extreme...1/3 seems about right to me, but the middle class has to pull it's share of the taxpayers burden too...the politicians are always promising to cut taxes and hand out pork, but they never practice fiscal restraint from their side...thanks to that logic from both parties, the national debt is soaring at an unprecendented rate now with even worse debt problems coming down the pipeline, so everyone is going to have to make sacrifices (not just rich people)...the main problem i have with obama is that he is going to increase the national debt by at least $3 trillion...that's still better than mccain who will increase the national debt by $5 trillion...it has been established that both candidates are going to screw america - now we're just haggling over the price
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10-27-2008, 05:48 PM #17Senior Member
US wealth gap among world's highest
Originally Posted by texas grass
:jointsmile:
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10-27-2008, 06:45 PM #18Senior Member
US wealth gap among world's highest
Originally Posted by GoldenBoy812
i know u r an intelligent person from your past posts. but u must notice that what u r saying is relevant.
lets look @ it this way, how many people from modern countries come to US illegally? and how many flee the low life of bad areas in mexico to come for the low life of the US, u see its much better for them and in their eyes
I'm from Iran, do u think Iran has a good economy in the world? or u think any part of that dictatorship works "good"?
but people from afghanistan and iraq (before and after both wars) do go there illegally because of relatively better conditions. so its relative, u dont find too many canadians illegally come to the US, because the situation does not force them to do so and even if they want to immigrate due to these very same situations legal paths are much wider for them than mexicans.
we have masked things with borrowing and keeping the spending spree alive, when borrowing stops or slows like right now, things start to look ugly and if this becomes a permanent situation i betcha we will have to switch or reform our ways.
I know "credit" is a very vital thing to businesses and individuals and without it no modern economy can sustain, but we need to make sense of things.
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10-28-2008, 02:17 PM #19Senior Member
US wealth gap among world's highest
Originally Posted by flyingimam
There might be small countries with numbers like that, but not many from the global north...
I do agree that peoples own interests determine global movement. I knew some Canadian people from Montreal who moved to Florida because of the weather and that alone.
Regardless, social unrest can be blamed on the failed drug policy more so than it can be blamed on wealth gaps. The author of that piece (Anna Tibaijuka) fails because she is viewing wealth as a zero sum game.
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10-28-2008, 04:45 PM #20Senior Member
US wealth gap among world's highest
wealth gaps will always exist, and nobody is suggesting that they should not exist
the problem is that the wealth gap is too large and still growing...if you think that doesn't cause social unrest, take a look at what the top 1% spends on protecting their 50% share of the entire country's wealth...the poor majority might start supporting revolutionary populists who will turn america into a dictatorship...people like hitler rode into power on a wave of poverty-induced rage
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