Wealth Inequality in the United States

Parent Cafe
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<p>[A</a> detailed video truthfully highlighting the true wealth inequality in America](<a href=“http://www.youtube.com/watch?v=QPKKQnijnsM&feature=player_embedded]A”>http://www.youtube.com/watch?v=QPKKQnijnsM&feature=player_embedded)</p>

<p>Your thoughts?</p>

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<p>Perception and reality can be quite different. Great video. This is one of the biggest issues in the US as wealth inequality makes for a weaker economy.</p>

<p>Good luck to you at GW.</p>

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<p>Is there a written version? Or transcript?</p>

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<p>but the top 1% are going to pay 35.5% of the taxes - don’t you feel sorry for them??</p>

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<p>Lol…</p>

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<p>what are your thoughts of this site? [Global</a> Rich List](<a href=“http://www.globalrichlist.com/]Global”>http://www.globalrichlist.com/)</p>

<p>people in the US making $50K are in the top 1% for the world. How much of their money should they give to the rest of the world? Is $15K fair? $17K? $20K?</p>

<p>Each person has a chance to earn a salary. How much is appropriate to take from someone else?</p>

<p>Did you know the federal government will likely take in the most tax revenue ever this year (adjusted for inflation)?</p>

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<p>No one complains about an NFL player being paid $15 million/year but if a corporate executive is paid that much…</p>

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<p>Wow I am rich!!</p>

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<p>Except that, sg, what is “poverty” here is not “poverty” in the rest of the world. A dollar can buy a lot more elsewhere. </p>

<p>Comparing apples to apples doesn’t work because buying power is not the same everywhere. </p>

<p>I was able to buy a hell of a lot more with a US Dollar in Panama than I could ever buy here.</p>

<p>It’s funny that other countries can cap their executives’ salaries and are doing quite well. Hmm…</p>

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<p>Switzerland just passed a new law capping executive salaries this week.</p>

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<p>Taking money from people who earned it and giving it to people who did not earn it is called theft. The fact that the government can do it does not make it any less theft. If you don’t the fact that someone else has more money than you do, then go out and earn more money. If you can’t figure out how to earn more money, that is your problem not the problem of rich people who have figured it out. Taking money from rich people and giving it to poor people harms the economy because it creates a disincentive for hard work and risk taking. It does not improve the economy.</p>