The Wealth Gap Shrinks

Discussion in 'Current Events' started by Bluesguy, Sep 29, 2020.

  1. struth

    struth Well-Known Member

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    it’s fantastic we have a president that is addressing the growing economic inequalities that have plagued this nation from the obama/biden polices
     
  2. Chrizton

    Chrizton Well-Known Member

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    I don't have a side. Try harder.
     
  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    Oh please excuse me if I read wrong. Do you believe that the higher earners do so well at the detriment of the lower classes?
     
  4. Bluesguy

    Bluesguy Well-Known Member Donor

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    How about his. His economic council it it's report to sell the stimulus said it would hold unemployment 8% for one quarter and then it would rapidly fall. How'd they do? How'd the labor force participation rate do"

    Yes the Republicans forced it and it cut the deficits in half, it was not Obama who tries to take credit for it.


    No whether it is blue and the facts speak for themselves.



    No you complained I cited the WSJ and what I posted could not be confirmed because it is behind a paywall when in fact I posted the salient points AND what was the source of the data and in fact you DID go and look it up. So please don't waste my time with your faux complaints.

    Opinions and the facts upon which they are based are topics of debate here, if all you are going to do is whine about please don't waste my time.

    I know what pre-tax income is and it is of no matter here.

    I
    Nope

    And low unemployment and a shrinking available labor force drives wages up, supply and demand, basic economics and that is what wages had been expanding the lower income groups increasing their wages faster than the upper income groups who pay those wages.

    i am retired, and I was speaking with my broker about my wealth just today, wealth I accumulated through out my working career starting out at minimum wage and thanks to the recent polices of the Trump administration the incomes of those lower classes have been growing faster that those at the top and it seems you just can't stand it.


    Did they gain more under the Democrat policies 2007 - 2015?

    Well had the Obama/Biden administration replenished those supplies they used we would have had more available but that would not have stopped the governors from shutting down their economies.

    But that has nothing to do with the topic here, there are plenty of thread about COVID and the response so please try to focus on the topic here.

    I take it all in good and bad, but why to you have such a need to try and dismiss really good news about the lower and middle class with your desperate attempts to mitigate it with all this nonsense about other matters?

    Well you're making a concerted effort to do it here.

    You've been given facts and all you need.
     
  5. Bluesguy

    Bluesguy Well-Known Member Donor

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    And did nothing, you said the Democrats took the Congreess they did not, the Republicans still hold the Senate and the White House. :rock_slayer: And things would be MUCH better if Pelosi wasn't obstructing the matters and legislation to get us back on track.
     
    Last edited: Sep 30, 2020
  6. modernpaladin

    modernpaladin Well-Known Member Past Donor

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    That metric, while certainly positive, hides the gains of the top fraction of a percentile (what we might call 'the controllers'). Though, that metric is a pretty good guage that for the 'honest economy' (people engaged in normal economic behavior) ours is tending toward equality. But 'the controllers' are still leveraging the rest of us out, and that can't continue forever. They will eventually own everything worth owning.
     
    Last edited: Sep 30, 2020
  7. Denizen

    Denizen Well-Known Member

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    The Chinese virus is eating the Orange virus.
     
  8. Denizen

    Denizen Well-Known Member

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    You show me yours first. You could have transcribed your words from the back of a public toilet door.

    If you can't publish the article, publish a photo of the back of that public toilet door.
     
  9. Denizen

    Denizen Well-Known Member

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  10. struth

    struth Well-Known Member

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    ok?
     
  11. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    That would be the other way around I'm sure.
     
  12. Denizen

    Denizen Well-Known Member

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    KO!
     
  13. Bluesguy

    Bluesguy Well-Known Member Donor

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    See the OP, Fed Reserve data now prove it was all minimum wage workers as you claim and why do you see to oppose minimum wage workers working their way out of minimum wage why do you want to keep them on it and the wealth gap to increase?
     
    Last edited: Oct 1, 2020
  14. Denizen

    Denizen Well-Known Member

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    You presume too much. You are addicted to erroneous 'ass'umptions.
     
  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    So you were blowing smoke..............gotcha :thumbsup:
     
  16. Denizen

    Denizen Well-Known Member

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    You are sucking up your own smoke. It is making you blue.
     
  17. struth

    struth Well-Known Member

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    The wealth gap grew at record levels during the Obama/ Biden regime.....it's closed under the GOP and Trump leadership.

    If you want to turn the USA into a place like Venezula, with the ruling class in the High Castles, while the serfs are eating rats...vote for Biden, Sanders, Harris and AOC....if you want a nation were wealth and opportunity is available for everyone,....you vote for Trump and the GOP
     
    ButterBalls likes this.
  18. ButterBalls

    ButterBalls Well-Known Member

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    God Bless President Trump.
     
  19. ButterBalls

    ButterBalls Well-Known Member

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    Be fair, 90% of left post here on PF are behind a paywall with some of them contrary to what is claimed to say..
     
  20. Denizen

    Denizen Well-Known Member

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    BS.
     
  21. ButterBalls

    ButterBalls Well-Known Member

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    Nope.. Of course the 90% is off the cuff but that's why I added the "with some of them contrary to what is claimed to say.." :)
     
    Last edited: Oct 2, 2020
  22. Denizen

    Denizen Well-Known Member

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    You confess to publishing lies?
     
  23. ButterBalls

    ButterBalls Well-Known Member

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    Nope, that's your hope and dream :)
     
  24. Denizen

    Denizen Well-Known Member

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    That you will publish the truth at least once?
     
  25. ButterBalls

    ButterBalls Well-Known Member

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    I guess everyone need their dreams, I'm pleased that I live in your head and am a constant part of your life Bro!

    [​IMG]
     

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