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111Balz
Joined:
08/13/1998
Posts:
60048
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What's this?
Wealth disparity has historically been unhealthy at extreme levels
No I don’t know where that extreme level bar is. But I think revolutions have been started over this,
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BocaHoo91
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Posted: 01/29/2019 at 7:55PM
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Current Thread:
T or F: The top 0.1% of all American's net worth almost equals the bottom
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Lazarus
01/29/2019 3:04PM
It's probably right, but nearly half this country has ZERO net worth. I'm
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BocaHoo91
01/29/2019 6:23PM
Check that... it's 20% that is negative or zero. $100K of net worth
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BocaHoo91
01/29/2019 6:27PM
According to this article, true
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Eusebia
01/29/2019 6:15PM
That doesn't sound right to me. **
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HokieDelNorte
01/29/2019 5:30PM
Schulz running as an independent to splinter Dem votes is looking better
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ryno hoo
01/29/2019 5:18PM
Unlikely that's how it would go
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wahoo138
01/29/2019 6:43PM
Well something like 30 billionaires combined have more money than 3.8
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ftwuva
01/29/2019 4:48PM
Who is the better steward of their dollars....GOVCO or the individuals who
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Tuckahokie
01/29/2019 5:13PM
That question doesnt really make sense. if you are talking investment, how
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ftwuva
01/29/2019 5:25PM
It seems that the method du jour to ending wealth disparity is to apply
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Tuckahokie
01/29/2019 5:30PM
Through taxes as i understand it. i assume the money would be distributed
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ftwuva
01/29/2019 5:42PM
Regarding your last paragraph, and at the risk of sounding like a broken
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BocaHoo91
01/30/2019 07:15AM
I would agree. i think Sanders and Warren are pure socialists and that dog
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ftwuva
01/30/2019 12:05PM
A wealth tax is a moronic nonsensical populist plan. True.
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Hoodafan
01/29/2019 4:12PM
"It will likely never affect me" doesn't enter into my thinking
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Fuzzy Dunlop
01/29/2019 4:51PM
I just don't like the idea of government making these types of judgements
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CharlestonSC
01/29/2019 6:48PM
I’m glad that your fine paying more taxes and enabling a dysfunctional govt
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TomKazanski
01/29/2019 5:43PM
As a guy that ideally would like a tiered flat tax with no deductions for
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Hoodafan
01/29/2019 5:27PM
Man, if only you were this opposed to populist nationalism.
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hoolstoptheheels
01/29/2019 6:42PM
The new standard deduction is going to eliminate most from using the
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THECZAR
01/29/2019 5:22PM
Your property tax on your house is a wealth tax **
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BonsackHoo
01/29/2019 4:18PM
Arguably yes, but not really the same thing at all. That impacts everyone
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Hoodafan
01/29/2019 4:27PM
It's a tax on an asset based on a perceived value of that asset. It's
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111Balz
01/29/2019 4:42PM
So are car and boat property taxes**
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111Balz
01/29/2019 4:21PM
Beyond healthy limits? What does that mean?
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Hokieesith
01/29/2019 3:40PM
I'm pretty sure you'll never have to worry about it personally. **
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Seattle .Hoo
01/29/2019 4:16PM
You can't answer that question can you? LOL.
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Hokieesith
01/29/2019 6:06PM
This board cracks me up... **
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Tuckahokie
01/29/2019 5:03PM
Because class warfare! **
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ResistHoo
01/29/2019 3:54PM
10 million a year seems to be the healthy limit...that is when the big tax
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Tuckahokie
01/29/2019 3:49PM
Spoiler alert author inside
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Lazarus
01/29/2019 3:43PM
They also pay for your offsprings health care
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TomKazanski
01/29/2019 3:36PM
More proof that you don't understand how health care works **
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111Balz
01/29/2019 4:15PM
Tommy's post is in response to Laz spiking the football years ago wrt obama
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Folly Beach Hokie
01/29/2019 4:35PM
I think it was temporary.
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Shenhoo
01/29/2019 5:00PM
Oh, I have heard references to that but I missed that conversation
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111Balz
01/29/2019 4:45PM
Well that’s not a surprise but continue commenting **
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TomKazanski
01/29/2019 5:33PM
In your case, we can all thank goodness birth control is 100% self-funded.
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WahooRQ
01/29/2019 3:56PM
They do? Does that mean Donald & his pals will be cutting me and
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Guy LeDouche
01/29/2019 3:39PM
The bottom 30% or so has no net wealth right? So every one of us has more
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JohnHoo2
01/29/2019 3:24PM
But that is just part of the problem. Wealth is HIGHLY concentrated
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111Balz
01/29/2019 3:52PM
45% of American workers invest in mutual funds...I don't think all of those
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Tuckahokie
01/29/2019 4:10PM
Missing your point **
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111Balz
01/29/2019 4:14PM
You stated that wealth grows from investment income...doesn't a sizeable
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Tuckahokie
01/29/2019 5:07PM
Yes, they just don't earn as much return on their investments **
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111Balz
01/29/2019 5:13PM
Why don't they earn as much return on their investments?
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BocaHoo91
01/29/2019 6:16PM
The wealthier you are the more options you have to invest.
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111Balz
01/29/2019 7:53PM
Everyone has the ability to taking more risk for higher returns.
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BocaHoo91
01/29/2019 7:57PM
The wealthy have FAR more opportunities and can do so in a balanced manner
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111Balz
01/30/2019 09:18AM
The wealthier are not gettting
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BocaHoo91
01/30/2019 09:40AM
Boca, all due respect but you don't seem to be
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111Balz
01/30/2019 09:46AM
In the context of a wealth disparity
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BocaHoo91
01/30/2019 09:54AM
That seems like a silly question and statement. I have no idea why you
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111Balz
01/30/2019 10:26AM
Um... your words
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BocaHoo91
01/30/2019 10:31AM
Yes. I said those words. Just not what you said i said **
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111Balz
01/30/2019 10:54AM
It's impossible to have an intelligible discussion with you.
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BocaHoo91
01/30/2019 10:58AM
I'm really not sure what is wrong with you today but I have been
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111Balz
01/30/2019 11:03AM
We are borrowing $1T a year for whom? The discussion we need to have
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Shenhoo
01/29/2019 6:50PM
I actually don't mind that argument. I hate the argument
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BocaHoo91
01/29/2019 7:42PM
Wealth disparity has historically been unhealthy at extreme levels
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111Balz
01/29/2019 7:55PM
That's because historically wealth has been in land ownership
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BocaHoo91
01/29/2019 8:08PM
The topic is whether expanding wealth gap is
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111Balz
01/29/2019 9:54PM
Of course the expansion of the gap is because some at the top end have been
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BocaHoo91
01/29/2019 10:05PM
Well, I would question the assertion that the vast majority of the richest
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111Balz
01/30/2019 08:14AM
Here’s Forbes summary of the richest
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BocaHoo91
01/30/2019 08:20AM
That point is valid. Still, I remember none other than Alan Greenspan on
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Shenhoo
01/29/2019 9:33PM
I agree with you that if Americans are living in squalor there will be
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BocaHoo91
01/29/2019 9:52PM
20 percent have zero net worth, right? **
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Shenhoo
01/29/2019 9:54PM
Zero net worth = squalor?
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BocaHoo91
01/29/2019 10:01PM
Awesome anecdote, Bro.
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Shenhoo
01/29/2019 10:13PM
I never said that poverty wasn't a problem. And it's not really an
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BocaHoo91
01/29/2019 10:26PM
My point was Mr. Greespan's.
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Shenhoo
01/29/2019 10:38PM
Yeah, I didn't put a goodwill entry on my personal balance sheet for
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BocaHoo91
01/29/2019 10:55PM
If you make $34K you are in the 1% Globally **
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HokieDan95
01/29/2019 3:22PM
And of course $34,000 buys the exact same life in every country **
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111Balz
01/29/2019 3:53PM
No, it buys a much better life here than in the rest of the developing
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BocaHoo91
01/29/2019 6:31PM
Not sure where you are speaking of. everywhere is developing **
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111Balz
01/29/2019 9:56PM
"3rd world".... although that term is not used as much anymore
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BocaHoo91
01/30/2019 07:05AM
I know a retired couple in Puerto Vallarta who disagree rather strenuously **
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southdenverhoo
01/29/2019 8:14PM
There are some retirement / vacation
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BocaHoo91
01/29/2019 8:40PM
Well duh😜 **
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111Balz
01/29/2019 7:57PM
Of course not **
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HokieDan95
01/29/2019 5:12PM
So a global number really is not relevant except for the usual
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111Balz
01/29/2019 5:16PM
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