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Washington DC and The Holy Land>20 Americans have more wealth than the bottom 50% of Americans(152 Million).
BigRedChief 10:07 PM 01-12-2016
I heard Sanders say this on CNN's post SCOTUS coverage. Googled it and found the same thing but on what looks like possibly biased sites.

Anyone know if this is true?
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eDave 11:43 PM 01-12-2016
Originally Posted by BucEyedPea:
Bernie's ideas have been thoroughly discredited. He's a reactionary for wanting to resurrect what has failed to ever work. These ideas haven't worked because of poor implementation—they just don't and have never worked.
He's our Trump. Metaphorically. And his base is pretty vocal for sure.
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cosmo20002 11:50 PM 01-12-2016
Originally Posted by GloucesterChief:
Socialist economies tend to have a very rich elite and everybody else being pretty poor. I would hope you would want to avoid that.

What I am saying is that if income inequality is a problem putting up further regulations and taxes and government interference into the economy will do nothing but exacerbate the problem as the already entrenched see their market share expand. The solution is to free the market so that new competition eats into the entrenched market share and people are allowed to generate wealth.
It is pretty difficult to argue for or against your unknown hypothetical regulations and taxes. You erroneously say such govt interference does nothing but exacerbate the problem.
Yeah, because someone dominant in a market further entrenching themselves by eliminating competition wouldn't happen with a completely free market, right?
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BucEyedPea 11:51 PM 01-12-2016
It is not a static as the left seems to think:
This feeds the illusion that the top 1 percent or 10 percent, or whatever, is a static group. But as the OECD noted, in 2008 there was an annual 27.2 percent turnover figure in who was in the top 1 percent of income earners. 1Further, a University of Michigan study showed that only 5 percent of the people in the bottom income quintile in 1975 were still there in 1991 and 29 percent had moved to the top.

Underlying all of this discussion is the belief that wealth inequality is out of control. While it has increased in recent years (primarily due to the loss of home equity for the middle class), according to Wolff, “... [wealth inequality] remained virtually unchanged from 1989 to 2007.2 The left liberal Economic Policy Institute released a study showing how much the top 1 percent owned at various times over the past 50 years and found the following:



Other studies have detected a similar “trend.” In fact, a recent study found that economic mobility in the United States has “remained extremely stable,” just the “rungs of the ladder have grown further apart."

So wealth inequality is not nearly as out of control as many left liberal pundits say. This, of course, does not mean everything is fine and dandy. Cronyism and government largesse have caused serious problems throughout the economy, and should be done away with, not compounded with more redistribution and government control.

https://mises.org/library/closer-look-income-inequality

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BucEyedPea 11:53 PM 01-12-2016
The Rich Aren't Dispossessing the Rest

https://mises.org/library/rich-arent-dispossessing-rest
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LiveSteam 11:58 PM 01-12-2016
Originally Posted by cosmo20002:
It is pretty difficult to argue for or against your unknown hypothetical regulations and taxes. You erroneously say such govt interference does nothing but exacerbate the problem.
Yeah, because someone dominant in a market further entrenching themselves by eliminating competition wouldn't happen with a completely free market, right?
You're the high heel shoe of Monopoly.
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cosmo20002 01:17 AM 01-13-2016
You all are gunking up the thread with side issues.
Bottom line--too much wealth in the hands of too few = not good for a democracy, republic, democratic republic, or whatever the hell we're calling the US.
How it got that way and other side issues are largely irrelevant. If you think few having most of the wealth is ok because they "earned" it, you must either be assuming those plutocrats will be on your side or that they will be benevolent dictators.
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jaa1025 01:23 AM 01-13-2016
Good for those 20 Americans for taking advantage of the American dream.

I see 152 million that made choices in their life that prevented them from being one of the 20 Americans, or maybe they are just content and happy with their lives where they are at.
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BigRedChief 01:28 AM 01-13-2016
Originally Posted by jaa1025:
Good for those 20 Americans for taking advantage of the American dream.

I see 152 million that made choices in their life that prevented them from being one of the 20 Americans, or maybe they are just content and happy with their lives where they are at.
Everyone doesn't get to be billionaires.
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New World Order 04:35 AM 01-13-2016
Originally Posted by cosmo20002:
You all are gunking up the thread with side issues.
Bottom line--too much wealth in the hands of too few = not good for a democracy, republic, democratic republic, or whatever the hell we're calling the US.
How it got that way and other side issues are largely irrelevant. If you think few having most of the wealth is ok because they "earned" it, you must either be assuming those plutocrats will be on your side or that they will be benevolent dictators.

Example: Hillary Clinton
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Anyong Bluth 05:55 AM 01-13-2016
Originally Posted by BucEyedPea:
I dunno, but so what?
Originally Posted by BucEyedPea:
I'm only concerned how they make their money or wealth. If it's because they get perks from govt such as protection from competition, or the markets, bailouts at taxpayer expense, subsidies or anything due to govt connections, then I wouldn't like it or be concerned.

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Hog's Gone Fishin 05:57 AM 01-13-2016
After I win Powerball you can make that 21
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BlackHelicopters 06:40 AM 01-13-2016
Big deal.
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Bugeater 07:04 AM 01-13-2016
Originally Posted by jaa1025:
Good for those 20 Americans for taking advantage of the American dream.

I see 152 million that made choices in their life that prevented them from being one of the 20 Americans, or maybe they are just content and happy with their lives where they are at.
Yep, like when they chose to fall out of a wealthy woman's vagina instead of a poor woman's vagina.
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D2112 07:12 AM 01-13-2016
Originally Posted by Hog Farmer:
After I win Powerball you can make that 21
Free colonoscopies for everybody
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DenverChief 07:39 AM 01-13-2016
Originally Posted by LiveSteam:
I've never been jealous of another mans possession.
They start bragging about this or that,I just whip out my 9 inch cock
You have one like this?
Pics!?!
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