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Thread: wealth Distribution

  1. #10

    Default Re: wealth Distribution

    I didn't read the whole article and get red X's for the figures, but from looking at the tables it doesn't look like much is changing long term. The top or bottom whatever percent gain a few percentage points then lose a few then gain a few etc, etc.
    There's no such thing as a pretty good aligator wrestler.

  2. #11

    Default Re: wealth Distribution

    Quote Originally Posted by FloggingSully View Post
    I didn't read the whole article and get red X's for the figures, but from looking at the tables it doesn't look like much is changing long term. The top or bottom whatever percent gain a few percentage points then lose a few then gain a few etc, etc.
    The charts also end at 2007.

  3. #12
    World Champ ODH's Avatar
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    Default Re: wealth Distribution

    Quote Originally Posted by UGLY View Post
    http://www.washingtonpost.com/wp-srv...renextdoor.htm

    This is an article by a PHD that might answer your question or discrepancy. Either way someone in the family had to make the something of themselves in order to achieve the wealth Sam Walton for example. Why shouldn't the money they made go the people they want it to go to. Their families did nothing wrong they might of had to live without a father while he was building an empire much like The Hilton who started everything.
    I enjoyed that article, but the typical millionaire profiled in that article is not neccesarily a good example of the "wealth distribution problem". I t would be interesting to see similar statistcs for the super wealthy (this study seems to define that having a net wealh of $10 million +, which is only 5% of all millioniares)

    The average millionaire would still qualifiy for a tax break under Obama's previous proposed "tax increase" which promised not to raise taxes on any families making less than $250K:
    Our household's total annual realized (taxable) income is $131,000 (median, or 50th percentile), while our average income is $247,000. Note that those of us who have incomes in the $500,000 to $999,999 category (8 percent) and the $1 million or more category (5 percent) skew the average upward.
    BTW, this is great example of the different types of average (median v. mean) and why it makes sense to use median for average income.

    Finally, the typical profiles made them seem like outstanding people and citizens, but his final bullet point really disturbed me:
    I am a tightwad. That's one of the main reasons I completed a long questionnaire for a crispy $1 bill. Why else would I spend two or three hours being personally interviewed by these authors? They paid me $100, $200, or $250. Oh, they made me another offer--to donate in my name the money I earned for my interview to my favorite charity. But I told them, "I am my favorite charity."

  4. #13

    Default Re: wealth Distribution

    KR, what you described is called Utopia. As much as I would like for that to happen, I just don't think it ever will. Human nature won't allow it.

    Payton, your situation sounds like it sucks. I don't think that is the type of thing Clinton meant when he wanted to change the welfare system. It is also what I was talking about when I said that people take advantage of the system. In your case it sounds like the slumlord is bilking the tax payer, in other cases it's the people recieving the help. If it took you 8 years to get Section 8 then it is probably because there are too many people applying for it and not enough workers checking things out. There definitely should be a better way. I just don't know what it is. KR's ideas are great but like I said, I doubt the majority of people are willing to change enough to actually make those ideas come true. One thing I am sure of though, is that the government is not the answer.

  5. #14

    Default Re: wealth Distribution

    Somebody needs to explain to me how the very wealthy being very wealthy damages me. Is wealth in the United States (or in the world) a zero-sum proposition? I recognize the disparate utilization of resources as a problem - is that where the difficulty lies, that wealth is, by nature, the product of resources? If so, how do we equate the wealth of a Bill Gates who has produced ideas rather than widgets?
    I actually don't care how much money he has, or Paris Hilton, or the Walton family. My concern is how am I? Do I have enough to meet my needs and the needs of my family? When that is threatened, then I become concerned. I don't see how Bill Gates' fortune effects me except when I choose to buy Microsoft products.
    When you talk about the redistribution of wealth, are you talking about taking it away from Bill Gates and giving it to someone else? Based on what ethical standard? To me, that sounds a lot like what the guys in the prison where I work tried to do when they were out on the street.

    R.I.P. Cyrano and Roxanne.

  6. #15
    Super Moderator UGLY's Avatar
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    Default Re: wealth Distribution

    Quote Originally Posted by M Richardson View Post
    Somebody needs to explain to me how the very wealthy being very wealthy damages me. Is wealth in the United States (or in the world) a zero-sum proposition? I recognize the disparate utilization of resources as a problem - is that where the difficulty lies, that wealth is, by nature, the product of resources? If so, how do we equate the wealth of a Bill Gates who has produced ideas rather than widgets?
    I actually don't care how much money he has, or Paris Hilton, or the Walton family. My concern is how am I? Do I have enough to meet my needs and the needs of my family? When that is threatened, then I become concerned. I don't see how Bill Gates' fortune effects me except when I choose to buy Microsoft products.
    When you talk about the redistribution of wealth, are you talking about taking it away from Bill Gates and giving it to someone else? Based on what ethical standard? To me, that sounds a lot like what the guys in the prison where I work tried to do when they were out on the street.
    I am with you.

  7. #16
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    Default Re: wealth Distribution

    Quote Originally Posted by quinn14 View Post
    KR, what you described is called Utopia. As much as I would like for that to happen, I just don't think it ever will. Human nature won't allow it.

    Payton, your situation sounds like it sucks. I don't think that is the type of thing Clinton meant when he wanted to change the welfare system. It is also what I was talking about when I said that people take advantage of the system. In your case it sounds like the slumlord is bilking the tax payer, in other cases it's the people recieving the help. If it took you 8 years to get Section 8 then it is probably because there are too many people applying for it and not enough workers checking things out. There definitely should be a better way. I just don't know what it is. KR's ideas are great but like I said, I doubt the majority of people are willing to change enough to actually make those ideas come true. One thing I am sure of though, is that the government is not the answer.
    Quinn, Unless one person stands up & puts elbow grease into their ideals then is life even worth living? All things in history happened b/c one or a handful of people got up & said NO or ENOUGH. Disagreement is the genesis of revolution & action out of that is change. I try to actually do those things in life. Pick one & start....

  8. #17

    Default Re: wealth Distribution

    Quote Originally Posted by M Richardson View Post
    Somebody needs to explain to me how the very wealthy being very wealthy damages me. Is wealth in the United States (or in the world) a zero-sum proposition? I recognize the disparate utilization of resources as a problem - is that where the difficulty lies, that wealth is, by nature, the product of resources? If so, how do we equate the wealth of a Bill Gates who has produced ideas rather than widgets?
    I actually don't care how much money he has, or Paris Hilton, or the Walton family. My concern is how am I? Do I have enough to meet my needs and the needs of my family? When that is threatened, then I become concerned. I don't see how Bill Gates' fortune effects me except when I choose to buy Microsoft products.
    When you talk about the redistribution of wealth, are you talking about taking it away from Bill Gates and giving it to someone else? Based on what ethical standard? To me, that sounds a lot like what the guys in the prison where I work tried to do when they were out on the street.
    Well said.

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