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Tue Jan 22, 2019, 07:25 PM

Shocking news on income inequality.

Last edited Tue Jan 22, 2019, 08:25 PM - Edit history (2)

I saw on MSNBC today that the top 1% increased their wealth by 900 billion, and that the top 24 individuals have more wealth (about 1.4 trillion) than the bottom 3.8 billion people. We, me included have been fed a false dream about the American dream that hard work will get you ahead. And the media has helped convince people it is somehow a personal fault. We should not be cowed into thinking raising taxes on the wealthy is wrong or will hurt society or our economy.

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Reply Shocking news on income inequality. (Original post)
c-rational Jan 2019 OP
KT2000 Jan 2019 #1
tulipsandroses Jan 2019 #2
UpInArms Jan 2019 #3
Bettie Jan 2019 #4
sarcasmo Jan 2019 #5

Response to c-rational (Original post)

Tue Jan 22, 2019, 07:29 PM

1. Jeff Bezos

has accumulate massive wealth at the expense of low paid workers. That is how wealth is amassed - at the expense of others. They then have nothing to do but buy art pieces to outdo each other.

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Response to c-rational (Original post)

Tue Jan 22, 2019, 07:43 PM

2. Stephane Ruhle is currently at the 2019 Davos Economic Forum - She was interviewing some biz leaders

She had some poignant things to say as usual. But I was surprised by some of these biz leaders' insights. I will try to post in a separate thread.

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Response to c-rational (Original post)

Tue Jan 22, 2019, 07:44 PM

3. They could all fit on a short bus

Seems a bit disproportionate, doesn’t it?

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Response to UpInArms (Reply #3)

Tue Jan 22, 2019, 07:54 PM

4. And it's funny too because

none of them would ever actually ride a bus or even a downscale helicopter.

Not 'ha ha' funnny, more 'OMG what is wrong with our society' funny.

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Response to c-rational (Original post)

Tue Jan 22, 2019, 07:58 PM

5. 71% tax like it was before Ronnie Raygun gutted us.

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