The Pitchforks Are Coming… For Us Plutocrats

[icenine]

I agree with the guy's aims. However the pitchforks will never come. Just look at the glaring inequality in the developing world....those countries have not done anything about wealth inequality. Will the US? I am not optimistic....this is an insidious disease,
creeps up on us like diabetes.

[donquixote99]

Revolutions happen sooner or later in societies with dispossessed masses.

Sometimes they overthrow the establishment, sometimes they don't.

Rarely do they result in good reforms benefiting the common folk.

We have a foundation in law here of individual rights and democratic participation in government. We need reform. A revolution that overthrows the Constitution would, I am absolutely sure, result in something worse.

[MrPots]

Originally Posted by icenine

I agree with the guy's aims. However the pitchforks will never come. Just look at the glaring inequality in the developing world....those countries have not done anything about wealth inequality. Will the US? I am not optimistic....this is an insidious disease,
creeps up on us like diabetes.

The difference IMO is in those other countries, they've never had a thriving middle class, they know not what they are missing. Here, we've had it, we know it's attainable and know how it was eventually lost.

[Tom Joad]

Originally Posted by MrPots

The difference IMO is in those other countries, they've never had a thriving middle class, they know not what they are missing. Here, we've had it, we know it's attainable and know how it was eventually lost.

[bhunter]

Originally Posted by VanishingPoi

In dollars terms, the median wealth of a US household was $87,992 in 2003, and by 2013 had decreased 36% to $56,335. In contrast, the richest 10% actually saw their net worth increase from 2003 to 2013, with the highest gains going to the top 5%. The median wealth of the households in the top five percent grew over 12% during the same time period, from $1,192,639 to $1,364,834.

http://time.com/money/2917709/wealth...s-study-finds/

And what do you suppose is the cause for those difference from 2003 to 2013. You can prove most any position with stats and make great sounding political rhetorical claims, but it has little to do with what is and what isn't causing the difference. Hint: you just might want to look at the demographic changes and lifestyle changes over the period post WWII.

The favorite dance of most noneconomists, and some economists that know better, is to not consider the effecting variables simultaeously with the resulting outcomes.

[donquixote99]

Originally Posted by bhunter

Hint: you just might want to look at the demographic changes and lifestyle changes over the period post WWII.

A 'hint' means you're right? Spell it out, man. What do you think?

[icenine]

Originally Posted by MrPots

The difference IMO is in those other countries, they've never had a thriving middle class, they know not what they are missing. Here, we've had it, we know it's attainable and know how it was eventually lost.

They know what they are missing....they are as smart and aware as you and I.

[Tom Joad]

Originally Posted by icenine

Just look at the glaring inequality in the developing world....those countries have not done anything about wealth inequality.

It's rare, but it can happen.

[bobabode]

Originally Posted by bhunter

And what do you suppose is the cause for those difference from 2003 to 2013. You can prove most any position with stats and make great sounding political rhetorical claims, but it has little to do with what is and what isn't causing the difference. Hint: you just might want to look at the demographic changes and lifestyle changes over the period post WWII.

The favorite dance of most noneconomists, and some economists that know better, is to not consider the effecting variables simultaeously with the resulting outcomes.

Don't be an jagoff to a new member with your libertarian mumbo jumbo BH .
You better be careful, she's a Cajun from Lake Forest who'll pin your ears back.

[donquixote99]

Originally Posted by bhunter

Hint: you just might want to look at the demographic changes and lifestyle changes over the period post WWII.

You ever notice how these guys like to drop their little hints, but you're a nasty unfair liberal "playing the race card again" if you ever call them on it?