American wealth distribution - is this a problem

[MattTheSkywalker]

We've heard a lot of it before but it is worth hearing again.

Top 10% = annual income of $81,000 per year.
Top1% = annual income of 290,000
Top .1% = annual income of $790,000

13,000 richest families earn as much as the poorest 20million.

Bottom 20% has actually gotten poorer in the last 20 years in terms of 1998 dollars.

Median household income is $41000 per yaer. 50% of Americans earn under $26,000 per year.

What does this mean to you? To all of us?

 

[WODIN]

Just look at Argentina's economic implosion over the past two years.

 

[GinNJuice]

What does this mean to you? To all of us?

It means that everyone should explain this to their kids. It means that kids need to stay in school instead of ditching to go smoke some crack. It means that kids need to have a desire to better themselves and strive to be in the higher income brackets. It means that people need to have the responsibility of their own success.

Thats all I have to say about that

 

[Ffactor]

I have no problems with this distribution of wealth.

 

[HappyScrappy]

I hear those stats and it just makes me want to be in that top percent.
Then I can buy and sell the increasing number of people in the lower percents as a way to amuse myself and exploit them to increase my upward movement in that top percent.

 

[Steroid_Virgin]

It means it only takes very few highly skilled and motivated people to employ a country full of less motivated and skilled people who cannot create their own employment opportunities. There has to be some reward for employing all those people.

 

[MattTheSkywalker]

Well, it's kinda scary to me that the bottom 20% has actually gotten poorer.

Another factoid that I left out: the last time wealth distribution followed this pattern was the 1920's. we know what happened then.

Can it happen again?

 

[WODIN]

Actually Matt this time I think there will be a social revolution and nothing that the existing govt. can do is going to stop it. Mainly because the existing govt. irregardless of party is sucking on the money tit and not giving a shit about wealth distribution.

Get rid of Central banking and you are taking a good first step.

 

[Code]

Top income earners = People who busted their ass, except for 2% of them who had their money handed to them, which is fine, I don't want money handed to me that I haven't earned anyway.

It's the lazy indigent trailer park residents who have issues with the distribution of wealth. They feel they should be given money simply for being a US citizen or because other people have "too much" money.

 

[Doktor Bollix]

Are those figures up to date? I have a hard time picturing anyone raising kids or even owning a car on $41,000 a year.

Why don't we just start eating the bottom 50%? That would free up some cash, though the farmers probably wouldn't like it.