VeteranX
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The United States is becoming plutarchy if it isn't one already.
Quote:
A Land for Billionaires
The consequences of several decades of Reaganism and its related ideas are now apparent. Wealth has been concentrated at the top with billionaires living extravagant lives that not even monarchs could have envisioned, while the middle class shrinks and struggles, with one everyman after another being shoved down into the lower classes and into poverty.
Millions of Americans forego needed medical care because they can’t afford health insurance; millions of young people, burdened by college loans, crowd back in with their parents; millions of trained workers settle for low-paying jobs; millions of families skip vacations and other simple pleasures of life.
Beyond the unfairness, there is the macro-economic problem which comes from massive income disparity. A healthy economy is one where the vast majority people can buy products, which can then be manufactured more cheaply, creating a positive cycle of profits and prosperity.
With Americans unable to afford the new car or the new refrigerator, American corporations see their domestic profit margins squeezed. So they are compensating for the struggling U.S. economy by expanding their businesses abroad in developing markets, but they also keep their profits there.
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More at the link: How Greed Destroys America | Consortiumnews
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VeteranXV
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Yeah, the vast majority in america can't buy products.
Meanwhile, apple sets records selling mp3 players to people who already own mp3 players but need a pink one.
**** off.
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Tribalwar Staff Contributor
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Quote:
Originally Posted by Phantred
Yeah, the vast majority in america can't buy products.
Meanwhile, apple sets records selling mp3 players to people who already own mp3 players but need a pink one.
**** off.
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^^^^
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VeteranXV
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Gas is 4 dollars a gallon but every poor white trash ****** is driving a v8 with a 6inch lift.
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VeteranXX Contributor
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wait, life is unfair?
when the **** did this happen!?!
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VeteranXV
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Starving college kids can't pay off their loans but always have the latest android\iphone and or macbook.
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Tribalwar Staff Contributor
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and drugs
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VeteranXX Contributor
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its all by design.
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VeteranX
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Oh, so that's the problem with America. It's not that there are poor people, it's that there are rich people.
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VeteranXX Contributor
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also, this is totally different than the way societies have existed since the beginning of civilization
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VeteranXV
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78 percent of americans have cable tv.
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VeteranX
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Quote:
Originally Posted by Phantred
Starving college kids can't pay off their loans but always have the latest android\iphone and or macbook.
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Poverty in America:
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VeteranXV
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damn those rich people. Damn Reagan and him lowering taxes and creating jobs
We need the government to take all of the rich man's money and distribute it among the people. We need free health care, free housing, free daycare, guaranteed jobs
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VeteranXX Contributor
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i say we claim 60% of our nations debt is Odious Dent and that should take care of the fat ****ing Banksters raping other nations, including ours, and filling their pockets.
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VeteranXX Contributor
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Liberals.
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VeteranX
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Neat fact: in 1981 the richest 1 percent paid 18% of all revenue. In 1988 they paid 28%. The richest 5% rose from 35% to 46%.
Damn, Reagan must have hated rich people.
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VeteranXV
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1 in 7 Americans LIVES IN POVERTY.
Of course, that's American brand Poverty. You still have cable tv, cell phone service, home phone service, big screen tv's, and on top of it all, you can use your extra money on alcohol because you get food stamps!
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Veteran++
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Only in here because I thought it was "How Creed Destroys America"
That's something we can all agree on.
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VeteranX
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I will admit though, that the OP is right. Families in the middle class (earning $15,000-$50,000) declined 4.7 percentage points between the 1980 and 1990 censuses.
Oddly enough, the percentage of families in the upper middle class ($50,000+) rose by 5 points.
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