What do you think about this?

by abugah
21 replies
America is the land of opportunities, however...

-The top 1% owns a staggering 40% of the wealth...

-The top 1% walks away with 24% of the country's income.

What do you think about that?

Is it fair?

Is it unfair?

Why this kind of disparity?

Is the government responsible for this disparity which apparently is growing?

If you were president what would you do to lift up the bottom 80% that owns a mere 7% of the nation's wealth?

Let me get your views.

In case you think I am making up these figures,
use this link verify their authenticity.
The Top 5 Facts About America
  • Profile picture of the author Joseph G Spiteri
    It's not fair and it should ant be happening but it is and things are not going to change any time soon.
    So instead of complaining why not try to become the top 1% yourself.
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    • Profile picture of the author abugah
      Originally Posted by Joseph G Spiteri View Post

      It's not fair and it should ant be happening but it is and things are not going to change any time soon.
      So instead of complaining why not try to become the top 1% yourself.
      Not complaining at all. Just looking for views of other people. And thank you for providing yours.
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      • Profile picture of the author HollyStar
        Hi Abugah,

        I don't think it's fair, but we all gave our power away and allowed this to happen. It's not just in the US it's world wide. All of us are allowing the negative to navigate and create our realities.

        I believe that this year, all the many layers of the corruption will start to shed, what's true will be revealed, and all industries that are not supporting the good, will begin crumble. (It's already begun on a lot of levels) New ideas and creations that will serve the good, will start to replace the negative, and the playing ground will once again be evened out, so that each and every one of us has the opportunity to actually experience our dreams instead of just playing them over and over again in our minds.

        We just need to all believe that it can happen, and it will. Or at least the majority of us, because it's our mass belief that creates the world we live in, and we out number the bad guys a million to one, so it should be a piece of cake, really!
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        • Profile picture of the author abugah
          HollyStar,

          Thank you for your response.

          You say you don't think it's fair and that this is happening everywhere.

          If you were a very influential person in your country , how would you inspire the low income earners? What would you do differently to reduce the income gaps?



          Originally Posted by HollyStar View Post

          Hi Abugah,

          I don't think it's fair, but we all gave our power away and allowed this to happen. It's not just in the US it's world wide. All of us are allowing the negative to navigate and create our realities.

          I believe that this year, all the many layers of the corruption will start to shed, what's true will be revealed, and all industries that are not supporting the good, will begin crumble. (It's already begun on a lot of levels) New ideas and creations that will serve the good, will start to replace the negative, and the playing ground will once again be evened out, so that each and every one of us has the opportunity to actually experience our dreams instead of just playing them over and over again in our minds.

          We just need to all believe that it can happen, and it will. Or at least the majority of us, because it's our mass belief that creates the world we live in, and we out number the bad guys a million to one, so it should be a piece of cake, really!
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  • Profile picture of the author Jon Paella
    Hmm... I'm not from America but follow politics very closely. I guess it really depends on which side of the political fence you are on. Haha.. Loaded questions there.

    We need two things: to be more compassionate and care for those who are poor and that includes some distribution. Yet we also need to empower them to help themselves.
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    • Profile picture of the author Hils
      Well personally I don't altogether agree with robbing Peter to pay Paul.

      Seems to me that the very nature of Governments discourage success.

      But still, people who run successful businesses and provide work for others is surely a good thing... as long as they don't reward themselves handsomely for their failures.
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  • Profile picture of the author godinu
    If you look at some of the charts that have been made in recent years, it shows how the average CEO salary compared to the average worker salary since say the 1950s. The difference seemed relatively fair back in the 1950s. Now it is astronomically different, to the tune of something like a CEO can make up to 4000x the wage of a worker. Insane.
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    • Profile picture of the author abugah
      Just wondering...why do you think this is insane?

      Should the CEO earn 4000X, 2000X or 1000X the average wage worker? Where is the equilibrium? Again if you fix a rate , aren't you going against the fundamentals of capitalism? Are were not in a market controlled by demand and supply?

      Would I be right to assume the CEO is paid what he is worth and the wage worker what the market thinks his skills are worth?



      Originally Posted by godinu View Post

      If you look at some of the charts that have been made in recent years, it shows how the average CEO salary compared to the average worker salary since say the 1950s. The difference seemed relatively fair back in the 1950s. Now it is astronomically different, to the tune of something like a CEO can make up to 4000x the wage of a worker. Insane.
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  • Profile picture of the author Jason Kanigan
    Well first of all you have to teach yourself about how banking works. Credit for loans is actually created from nothing--a bank can lend money out many times based on collateral. For instance, if they have a building worth $1 Million, they can loan $4, 5, 6 Million and even more based on it. Our world of credit is fake and fragile. So yes, the system is skewed to help the top end.

    Second, what have most people done to learn some kind of specialized knowledge and how to apply it? Most people are extremely lazy. They spend their "down time" doing nothing instead of spending some of that time learning a skill that could increase their income.

    Third, let's talk about comfort zones. Even though someone may not be doing that well financially, if they feel their basics are covered, why should they put in any effort to change?

    The question is not "Should we whine that the system isn't fair?". It's "What are we going to do about it?" Until you take personal responsibility for your conditions, and stop acting like a victim, there will be no change in your life.
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    • Profile picture of the author abugah
      Hi Jason,

      Nice to read your response.

      If I get you right, the main reason a surgeon earns more than a nurse is because of the difference in skills.

      If a nurse desires a bigger wage, he or she should go ahead and acquire the skills of a doctor.

      Similarly, if an average worker aspires to be the President of Coca Cola, ( earning more than $25 million a year) he should go ahead and acquire the skills that CEOs posses.

      That said, if you noticed your son, neighbor, or acquittance is stuck in the comfort zone or is lazy, what would you do to inspire them to get more valuable skills?




      Originally Posted by kaniganj View Post

      Well first of all you have to teach yourself about how banking works. Credit for loans is actually created from nothing--a bank can lend money out many times based on collateral. For instance, if they have a building worth $1 Million, they can loan $4, 5, 6 Million and even more based on it. Our world of credit is fake and fragile. So yes, the system is skewed to help the top end.

      Second, what have most people done to learn some kind of specialized knowledge and how to apply it? Most people are extremely lazy. They spend their "down time" doing nothing instead of spending some of that time learning a skill that could increase their income.

      Third, let's talk about comfort zones. Even though someone may not be doing that well financially, if they feel their basics are covered, why should they put in any effort to change?

      The question is not "Should we whine that the system isn't fair?". It's "What are we going to do about it?" Until you take personal responsibility for your conditions, and stop acting like a victim, there will be no change in your life.
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  • Profile picture of the author Michael Ten
    I do not think it is unfair as long as they are not breaking any laws. I think unjust laws should be changed and more should be done to house individuals who live on the streets and want housing. That is just all my opinion.
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  • Profile picture of the author paul_1
    First maybe I will implement some major changes starting with the Federal reserve --It should be run by the government... The super rich including the Rothchilds and the Rockafellers should be forced to give up some of their money to be used by the government for redistribution to people to pursue their business plans...
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    • Profile picture of the author abugah
      Originally Posted by paul_1 View Post

      First maybe I will implement some major changes starting with the Federal reserve --It should be run by the government... The super rich including the Rothchilds and the Rockafellers should be forced to give up some of their money to be used by the government for redistribution to people to pursue their business plans...

      This sounds interesting...

      Suppose the government took away the little you have to give it to the rich, would you find it fair?
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      • Originally Posted by abugah View Post

        This sounds interesting...

        Suppose the government took away the little you have to give it to the rich, would you find it fair?
        You asked for an opinion. The answer depends on what kind of society and culture you wish to exist and you want to live in.

        The foundational premise for the United States of America presented in our founding documents is nothing to do with fair but rather individual liberty. A free moral person will be fair and take care of fairness to others.

        The government we have in place has taken that liberty we possess and has talked us into giving it up and to them. Talk about a charlatan sales pitch we as nation have bought.

        Also true liberty has to allow such charlatans to exist. The restraints to keep liberty in balance is one's character and specifically moral character.

        Old Dog's opinion...
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        P.S. If I can be of any assistance in your "Off" or "On"- line sales and marketing please PM me or email at WinnersChoice-Warrior@yahoo.com . Old Dog

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  • Profile picture of the author Nochek
    I don't think it's fair, but I also don't think life is fair and that's what makes it so damn fun! Complaining about people that hoard (non-existent) wealth is ridiculous. All those people care about is money, all they do is collect money, thats what their life is about.

    If that is truly what you want to do with your life, collect money, you too can become the 1%. There are always ways, though the ancient two work best (steal, or inherit from someone that stole it).

    Or, you could just enjoy life and hope that maybe one day all the government regulations and restrictions will be taken away, corporations won't be able to send the police after us, and lawyers will not hold more power over our actions than our own God-Gifted minds do.

    Not that I personally care in the matter.
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  • Profile picture of the author aatyum
    Hi.


    To begin,, the United States operates under a system of fiat currency and fractional reserve banking. Because of the systems being jointly in place, there has to be a mandate of 'DEBT', in order to maintain the money supply currency within the economic system.

    There Has To Be A Mandate Of 'DEBT.

    The daily notice of the money supply was removed from the daily periodicals by 'Ben Bernacke', the current treasury secretary of the United States.

    The public was divorced from the ability to scrutinize the currency money supply status within the United States, thereby, enabling massive volatility concerning the banking system usage of interest rate and commodity assets for the purpose of profit.

    In effect, the general public was unable to see the distortions of rapid fluctuation within the money supply that concerned the economy, and thereby, the public was, and is, existing within a vacuum of nondisclosure concerning the ACTUAL movements of the economies debt. Now, put this same scenario in a global perspective.

    There's so much more to this story, however, the main points I wanted to get across was that of the existence of the 'fiat money system, and the ' fractional reserve banking' system.

    I've leraned over time, that people are not the same in terms of comprehension or awareness of conditions effecting an immediate societal environment. Humans learn at different rates too.

    Strangely enough, people are obsolete in this type circumstance of fiat currency and 'fractional reserve', where material is valued greater than a humanity, or an environment of life in general. These systems favor non-living entities like businesses and corporations. This condition will self sustain until there is a mental change in the psychology of human populations. The systems are debt based systems, and so, the human moralities of fairness and unfairness have to coexist in order for the systems to sustain themselves.

    The real question concerns the temporal period of system balance that exist at any given time that effects human participants. The weight of effort versus compensation, is relevant, depending on a persona human level of prosperity at the time. The non living system doesn't care; it just functions and operates according to human parameter input. The MORALITY of fairness doesn't exist.

    This means that there is public concern and upheaval, at THIS period of time. The system can wait...

    Hope this helps a tiny bit - Tom
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  • Profile picture of the author Will Edwards
    Personally, I don't care how the wealth is currently distributed. I care more that the internet provides a means of redistributing some of that wealth.

    Very interesting facts - thank you for posting.

    Will
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  • Profile picture of the author Lane Bowers
    Serious issues take drastic measure to reduce them to controllable entities.

    There are many things in play that most people do not even consider.

    Why? or How?

    Do you not realize that we have been shaped and modeled by a system that is only there for one thing? And you ask what is that one thing?

    It's you life's energy - your power - the system has taught us we need to do this we need to do that what they don't tell us is that all the things they say 'WE NEED' to do are *optional* our choice, and it is set up to not provide the decision or
    *option* in plain sight on purpose.

    Why do we do the things we do then? Because that is how we have been trained.

    Believe me?

    It matters not there are too many informed people that have investigated the
    issues themselves to find what the true meaning of what is spoken of here is and
    are voicing there findings - mostly to fall on deaf ears because what was written
    in history:
    They Love To Believe A Lie More Than Truth

    The internet is an ocean of information on any subject you care to research - It is
    also a place that if you want the truth you can find it 'Neo' So then it boils down to
    the Red or the Blue - It really is that simple, it's up to you to seek the truth for you
    not for anyone else - just you, because you are the only one that truly matters.

    Do I want you to side with or believe me 'NO!'

    research the issues for yourself, that is the only way 'You' will know the truth whether anyone believes you or not. The important thing is you will know without
    any doubt for yourself.

    I could point you in a direction or two if you want to know?

    Have a G'day.
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  • Profile picture of the author EddieGilbert
    Sounds like the top 1% are doing something right...

    And the other 99% aren't...

    Perhaps the best way to help "even the playing field" would be to offer that 99% the knowledge that the 1% have.

    Unfortunately, that knowledge probably wouldn't be applied by a large portion of them.

    Knowledge is simply information...

    *Acting* on that knowledge is why the top 1% *are* the top 1%...

    Fair?

    Probably not.

    Reality?

    Most assuredly.

    Eddie
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  • Profile picture of the author kaidaiah
    America has always been a country of "me first" attitude.
    Growing up in that kind of culture, you are expected to take care of yourself first and everyone else second. So of course, when people are given an opportunity to exploit other people for their own gain, they will take it. Is it fair? Not really.

    But at least in this society, people still have the option of getting ahead. No matter who you are, you have an opportunity to make something of yourself. If you really wanted to, you have the freedoms to be in that 1% if you so desire to push yourself to that success level.
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  • Profile picture of the author accendo
    I like to look at it a little differently. I am all for anyone making all the money they can as long as it is legal; however, I do think that the spectrum has gotten a little out of wack. There was a time when CEO to front line factory had a reasonable comparison, but in the free markets, the emphasis was switched from pride of company and made in America to Profits, Profits, profits.

    Not to mention what has happened in entertainment. The colts are considering 28 million dollar or a possible injured Peyton (it's always about the money). Movie stars making 20 million per picture. How, by driving up the price. You cant take a family to a movie anymore let alone a football game.

    No easy solution - good discussion
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