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Gap between the rich and the middle class...

The last 10 years have seen the buying power of the average american shrink (net reduction in wages) yet the salaries for the rich have increased by a tremendous amount. I don't think it is right that during an economic boom, the only real benefits are shown at the top. What do you guys think about that?
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i think thats BS.so im out:)
 
Come on rr, you asked a reasonable question but when you didn't get a direct answer you got condecending again. (Start a sentence like this...)
I was kind of joking... hence the smilie with the tongue sticking out? You didn't think he was just going for a window did you? :p

Anyway, I think the point will correct itself as soon as it is reached because if the gap gets too big the wealthy can not support themselves at that level without contributions from the middle class. If the middle can't buy goods and services fast enough to keep the rich rich, the gap will close untill the rich are closer to the middle. That opens the oportunities for some in the middle to climb to the top for the next cycle. The same can be true to some extent for the middle / poor gap. In either case, sooner or later when the gap closes there will be opportunities to move up with hard work and a little luck.

I probably still didn't give you a satisfactory answer, but I don't think there is a definate point. What do you think?

I think you did great! Someone get this guy a button!! :p (Smilie = joke!! lol)
 
First off Ruffy, where is your data that proves the average buying power has gone down? CPI goes up, salaries go up. Are you saying salaries are increasing much slower than cost of living (such as CPI)?

There's super rich, Hiltons, Microsoft Crew, Buffet, ect. Some of them are self made, and I respect them for that. Some, like the Kennedy's got it handed too them from good old daddy. No respect for them. Do I think the government should tax the shat out of inheritance, no it's their money to do with what they want. Do I think they should leave it too foundations, sure Buffet and Gates and most really rich people; give very well. Great way to leave the world better than you found it, that should be encouraged.

Then there's some CEO of a failing company, that didn't found the company, that helped run the country into the ground with his bad decisions, making 460 times more than the average person, and walked away to a $20 Million parachute. Those guys you can do whatever you want too, I could care less about them. Their the ones raping the average person's 401K account, into non-existence. Some of them deserve the firing squad, or to be sued into the welfare program.

But, Obama wants everyone to think 250K is some kind of mega millionaire that deserves being bent over. That's just B.S. Sorry, but I don't know too many people that work hard, that are poor. And, when I was a child, I seem to remember everyone was poor, and now it seems everyone has more stuff than me.

Personally, it wouldn't kill me to be poor again. And, if you want to talk about poor people, why is it everyone in the world seems to think poor people here, are rich? The poorest people in the United States, live better than the median of most countries. I just don't see people starving to death in this country, like you do in other countries.
 
Sounds Like a Commy train of thought to me!!!

Sounds like the commycrats are trying to get the middle class to rebel against the wealthy. You studying marx Ruffy??? To take away the goals and aspirations of the middle class and get them to resent the wealthy is pure communism. The north American society is not feudal. The reward for working hard and saving is removed by resenting the wealthy. News flash quit whining and go to work, save and be thrifty with your money and see what happens. Merely throwing good money after bad {Stimulus}, without ever addressing the root causes of the problem is WRONG! Big brother is growing and flexing his muscles every second that you folks have this clown ruining things. To attempt to incite bitter feelings amongst the working class is the final step for the Libby agenda. The poor folks in the russia understand this better than we do. They have supported a communistic uuprising almost 100 years ago, Ruffy ask most common Russians today if they think Communism was a very great concept. Sounds to me like a attempt to pizz off the middle class so you and your friends can finally have your Socialist republic. SOCIALISM CANNOT WORK EVER! Someone somewhere has to pay for it. History tells us that in a socialist state the have nots end up having even less. Ruffy go to Cuba or China and see what your thoughts really do for all but 1/10th of a percent. Rant over will wait for the lame predictable response.
 
I was kind of joking... hence the smilie with the tongue sticking out? You didn't think he was just going for a window did you? :p



I think you did great! Someone get this guy a button!! :p (Smilie = joke!! lol)

Oops sorry - I'm so used to your sarcasm with us not so bright guys that I missed the :p! Thanks again for making me think. (You're still afu most of the time):D
 
It's an interesting time to ask this question.

The biggest problem facing this country is the fact that the last 20 years (since the last MAJOR recession in the early 80's) we have had an economy that has been funded by equity, brought on by unsustainable lending practices.

Home equity has brought a sense of entitlement to the middle class that they did not have to work for.

That pool has dried up and turned to dust and now we are seeing a re-setting of the economy to a more sustainable level. It is going to suck...and no matter whether you swing right or left, there is NOTHING that will fix it except time.

So, to answer the question...the gap is self correcting. If it gets too large, it becomes unsustainable. Just like the current situation, there will be a "thinning of the herd".
 
Sounds like the commycrats are trying to get the middle class to rebel against the wealthy. You studying marx Ruffy??? To take away the goals and aspirations of the middle class and get them to resent the wealthy is pure communism. The north American society is not feudal. The reward for working hard and saving is removed by resenting the wealthy. News flash quit whining and go to work, save and be thrifty with your money and see what happens. Merely throwing good money after bad {Stimulus}, without ever addressing the root causes of the problem is WRONG! Big brother is growing and flexing his muscles every second that you folks have this clown ruining things. To attempt to incite bitter feelings amongst the working class is the final step for the Libby agenda. The poor folks in the russia understand this better than we do. They have supported a communistic uuprising almost 100 years ago, Ruffy ask most common Russians today if they think Communism was a very great concept. Sounds to me like a attempt to pizz off the middle class so you and your friends can finally have your Socialist republic. SOCIALISM CANNOT WORK EVER! Someone somewhere has to pay for it. History tells us that in a socialist state the have nots end up having even less. Ruffy go to Cuba or China and see what your thoughts really do for all but 1/10th of a percent. Rant over will wait for the lame predictable response.

:beer;:beer; predictable is right....Marxist is right...peace out.
 
When you start taking the money from those who generally have worked harder or made more of themselves, to redistribute the wealth among those in need, it rewards those who may not have worked hard, gone to college and so on. There are way too many already taking advantage of the system, Free riders, people who get benefits of something without ever paying for it themselves.-Free Riders vs hard workers....hmm like the Kennedys or they trust fund children....or like the guy busting his hump all day in the woods and going home to a trailer.
 
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It comes down to Life Isn't Fair so most in this country will never know what it is like to be rich. For those that do get to taste wealth a few "lucky" breaks are typically needed if your not handed it on a golden spoon.
 
Personally, it wouldn't kill me to be poor again. And, if you want to talk about poor people, why is it everyone in the world seems to think poor people here, are rich? The poorest people in the United States, live better than the median of most countries. I just don't see people starving to death in this country, like you do in other countries. -Good point Wade, even our "poor" are better off then many....still we do have thousands starving and going hungry in this country. Walk around any city, go to any Rez(that doesn't have gaming). Hell I went to school with kids who had no hot water in their homes, and I graduated in 2002.

Besides fellas, as long as you are having fun you can't be poor
 
ok Ruffy, the long answer.
Tried to be brief last time.
(I do so love our little conversations);)

No, there is no top cap.
As someone pointed out, a guy spent 3.5 million on his b-day party.
That 3.5 million was spent to pay people to do what he wanted for his party.
Do I think that's nuts sure, but it illistrates my point.

When you have super rich people they spend stupid amounts of money. Once that money is spent it goes into the pockets of the working class.
In order to get super rich you have to do something. You have to own something, you have to PAY OTHER PEOPLE TO MAKE THE MONEY FOR YOU.

The super rich don't work the way most people think of work. They hire people to make the money for them. The more they make the more people it takes to make that money.

Lets take a well known figure.
Donald Trump.
Do you know how many thousands of people work for him?
He is considered to be super rich (he has had his ups and downs but still super rich).
He has created hundreds of millionairs.
He employs 10's of thousands of people.

Thousands more people look to him as inspiration to succeed. They want to be him.
Take away his money, you take away the inspiration.

The government under Obama is taxing the american dream to death.

There is no "he has too much money".
Only to many politicians who want to buy votes by stealing from the rich to give to the undeserving.
 
When is too much? Is there such a thing as too much? The last 10 years have seen the buying power of the average american shrink (net reduction in wages) yet the salaries for the rich have increased by a tremendous amount. I don't think it is right that during an economic boom, the only real benefits are shown at the top. What do you guys think about that?

I do agree that a successfull person has a right to have a lot of money. I do agree that you shouldn't get paid to do nothing in life. Welfare is a handout not a hand up, which people should get instead.

But, as money = power, having a majority of the wealth in fewer and fewer hands scares me.

What are your thoughts?


According to Obama, %60 of the population in the US is "rich" ... do you really buy that?

I don't :rolleyes:
 
ok Ruffy, the long answer.
Tried to be brief last time.
(I do so love our little conversations);)

No, there is no top cap.
As someone pointed out, a guy spent 3.5 million on his b-day party.
That 3.5 million was spent to pay people to do what he wanted for his party.
Do I think that's nuts sure, but it illistrates my point.

When you have super rich people they spend stupid amounts of money. Once that money is spent it goes into the pockets of the working class.
In order to get super rich you have to do something. You have to own something, you have to PAY OTHER PEOPLE TO MAKE THE MONEY FOR YOU.

The super rich don't work the way most people think of work. They hire people to make the money for them. The more they make the more people it takes to make that money.

Lets take a well known figure.
Donald Trump.
Do you know how many thousands of people work for him?
He is considered to be super rich (he has had his ups and downs but still super rich).
He has created hundreds of millionairs.
He employs 10's of thousands of people.

Thousands more people look to him as inspiration to succeed. They want to be him.
Take away his money, you take away the inspiration.

The government under Obama is taxing the american dream to death.

There is no "he has too much money".
Only to many politicians who want to buy votes by stealing from the rich to give to the undeserving.

:beer;:beer;
Ollie I must say, that has got to be one of the best analogies I have ever heard! Great post!
 
When is too much? Is there such a thing as too much? The last 10 years have seen the buying power of the average american shrink (net reduction in wages) yet the salaries for the rich have increased by a tremendous amount. I don't think it is right that during an economic boom, the only real benefits are shown at the top. What do you guys think about that?

I do agree that a successfull person has a right to have a lot of money. I do agree that you shouldn't get paid to do nothing in life. Welfare is a handout not a hand up, which people should get instead.

But, as money = power, having a majority of the wealth in fewer and fewer hands scares me.

What are your thoughts?

The buying power of the average american has been shrinking since the early 70's and it's not because of the rich. It has been because of inflationary government policies (on full display now) and globilization.

Economic booms are good for anyone with the work ethic to capitalize on them. Believe it or not trickle down economics do work, this has been proven throughout our nations history. Please compare the standard of living here to anywhere else in the world, and we've only been around a little over 200 years.
 
The Point I missed in my Rambling is this.

Most people don't save any money, They and myself included want everything!! (i save a lot but still want to much) in the old days we did not have so much stuff. The guy that works for me that I talked about before is not well of but pizzes his money away. people don't save to buy anything the just get a loan. I save and then buy. It is so much harder to get out from under something than it is to save then get it but no one wants to wait "I WANT IT NOW"

That is why some people will never have any money.

here is something I have said before. If you took everyones money away then gave everyone $10,000 I would bet the same people would end up rich again, For the most part anyway. Most would just pizz the 10K away but the smart working people would be rich again.







.

Everyone wants to keep up with the "Jones'", so you buy buy buy. Everyone wants a status symbol and to better than the average Joe. Everyone is so worried about it, that it becomes a sickness and here debt comes into play. I myself included have wanted a lot of things, like many people, but have told myself never to buy until I work for it. I think credit cards are a waste of plastic, but having one is the easiest ways for me to build credit.
I could really careless about how much money a person has, because money doesn't buy happiness, or health..and I have those two. Money can buy a lot of things that can make you happy, but materialistic things really shouldn't give you that ultimately. Redline brought up a good topic, which deals a lot with a persons morals, and overall what they want in life. I don't just sit and watch life go by in my Lazy-Boy, but feel it is necessary to challenge yourself and set goals as to what you want in life..big or small. And if it takes a lot of money to reach that goal, then take the steps in order to get there...in a reasonable manner.
I just opened a whole new topic on the matter, but just thought I'd throw that out there. :D:beer;
 
Everyone wants to keep up with the "Jones'", so you buy buy buy. Everyone wants a status symbol and to better than the average Joe. Everyone is so worried about it, that it becomes a sickness and here debt comes into play.

And that my dear is a very good point.
It's all about the bling.

My neighbor is a perfect example.
He likes to go boating. Of cource his idea of boating is taking a run around the lake then tieing off with a bunch of other boats and partying all weekend. That in and of itself is no big deal. However he had to have the biggest and best. So he went out and bought a 3/4T diesel (limited edition) and a 30' cabin cruiser (one of those long low sleek looking ones). Now he has the nicest boat in the party, spent over 70 grand doing it. Oh yea, he lost his job because he got popped for drugs and now can't afford to pay for any of the stuff he has. He is waiting for the bailout so he can try to save his house. He still won't sell the truck or the boat. I asked him why not sell it. He said why should I. Obama is going to take care of my house.
 
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