Robert Reich: ‘The Democratic Party Has Not Been in This Bad Shape Since the 1920’s’

[FollowTheWay]

Income inequality is a myth. First, incomes do not need to be equal so the premise of the statement is ridiculous. Second many of those who perpetuate this myth have some of the top tiers of income in the country. Third, it is propaganda designed to gain control of wealth and place it where they want it to be, which by the way is not in the hands of middle calls income folks.

Wealth inequality is destroying the middle class in America and is thought to have been one of the primary causes of the Great Depression. I read a very scholarly book called "Capital in the Twenty-First Century" which describes this in detail You can continue to make these statements without proof or you can decide to deal with reality.

 

[carpro]

Wealth inequality is destroying the middle class in America and is thought to have been one of the primary causes of the Great Depression. .

And your hero, the Zero, made it worse.

 

[InTheLight]

Wealth inequality is destroying the middle class in America

This is heard A LOT. Please, in a couple of sentences explain how the rich getting richer "destroys the middle class".

 

[Revmitchell]

Wealth inequality is destroying the middle class in America and is thought to have been one of the primary causes of the Great Depression. I read a very scholarly book called "Capital in the Twenty-First Century" which describes this in detail You can continue to make these statements without proof or you can decide to deal with reality.

I'll tell you what bub, when you actually provide some "proof" that wealth inequality is destroying the middle class I will look at it. Up to now you have been all bluster and propaganda. Further google is your friend:

https://www.cato.org/publications/commentary/incomeinequality-myth

http://www.cnbc.com/2014/01/28/debunking-the-top-three-myths-about-income-inequality.html

Again this all about income redistribution to get rid of capitalism. Its dishonest, its propaganda, and its evil. this childish attitude "it's not fair he has more than me" needs to be done away with.

 

[FollowTheWay]

Just as it did under Obama.

Actually, that's true. Inequality goes in cycles. It was at its height in Victorian England and was going strong in the Roaring 20's. It was thought of as one of the causes of the Great Depression. Major wars tend to equalize wealth. It was low in the 50's when unions were strong and the American middle class was the envy of the world. Now those jobs are gone. Those who used to be in the middle class are now making the minimum wage and living in poverty. Other countries have stronger middle classes than we do. One reason is the downfall of unionism and another is the Republican war against paying a living wage to hard working people working 40 hrs/week. (Actually 38

I'll tell you what bub, when you actually provide some "proof" that wealth inequality is destroying the middle class I will look at it. Up to now you have been all bluster and propaganda. Further google is your friend:

https://www.cato.org/publications/commentary/incomeinequality-myth

http://www.cnbc.com/2014/01/28/debunking-the-top-three-myths-about-income-inequality.html

Again this all about income redistribution to get rid of capitalism. Its dishonest, its propaganda, and its evil. this childish attitude "it's not fair he has more than me" needs to be done away with.

The book I cited provides a lot of support for what I'm saying but there are two problems. You believe in "alternative facts" and secondly you probably couldn't understand it. A much easier prood is to remember the days when we were growing up and a middle class husband could support a family of 4? That's just not possible today.

 

[Revmitchell]

Actually, that's true. Inequality goes in cycles. It was at its height in Victorian England and was going strong in the Roaring 20's. It was thought of as one of the causes of the Great Depression. Major wars tend to equalize wealth. It was low in the 50's when unions were strong and the American middle class was the envy of the world. Now those jobs are gone. Those who used to be in the middle class are now making the minimum wage and living in poverty. Other countries have stronger middle classes than we do. One reason is the downfall of unionism and another is the Republican war against paying a living wage to hard working people working 40 hrs/week. (Actually 38

The book I cited provides a lot of support for what I'm saying but there are two problems. You believe in "alternative facts" and secondly you probably couldn't understand it. A much easier prood is to remember the days when we were growing up and a middle class husband could support a family of 4? That's just not possible today.

Yea this is what far left extremists do.They have no argument so they call everyone dumb. You have discredited your self with you ad hominems. Good luck with that.

 

[FollowTheWay]

Yea this is what far left extremists do.They have no argument so they call everyone dumb. You have discredited your self with you ad hominems. Good luck with that.

This is what in-depth research says http://tinyurl.com/z9qq6z8.

 

[FollowTheWay]

This is what in-depth research says http://tinyurl.com/z9qq6z8.

Piketty’s treatment of inequality is perfectly matched to its moment. Like [Paul] Kennedy a generation ago, Piketty has emerged as a rock star of the policy-intellectual world… But make no mistake, his work richly deserves all the attention it is receiving… Piketty, in collaboration with others, has spent more than a decade mining huge quantities of data spanning centuries and many countries to document, absolutely conclusively, that the share of income and wealth going to those at the very top―the top 1 percent, .1 percent, and .01 percent of the population―has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I.

Thomas Piketty is Professor at the Paris School of Economics.

 

[FollowTheWay]

Piketty’s treatment of inequality is perfectly matched to its moment. Like [Paul] Kennedy a generation ago, Piketty has emerged as a rock star of the policy-intellectual world… But make no mistake, his work richly deserves all the attention it is receiving… Piketty, in collaboration with others, has spent more than a decade mining huge quantities of data spanning centuries and many countries to document, absolutely conclusively, that the share of income and wealth going to those at the very top―the top 1 percent, .1 percent, and .01 percent of the population―has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I.

Thomas Piketty is Professor at the Paris School of Economics.

 

[FollowTheWay]

http://tinyurl.com/z3jepbd

Trump's Cabinet picks have more wealth than third of American households combined

62 people own the same as half the world, reveals Oxfam Davos report

http://tinyurl.com/hopvtj4

 

[FollowTheWay]

Do you think these situations demonstrate inequality of wealth? If not why not?

 

[FollowTheWay]

This is heard A LOT. Please, in a couple of sentences explain how the rich getting richer "destroys the middle class".

Please take a look at my following posts.

 

[InTheLight]

Please take a look at my following posts.

You've established that the rich are getting richer. I had already conceded that. Now tell me why this is "destroying the middle class?"

 

[carpro]

You've established that the rich are getting richer. I had already conceded that. Now tell me why this is "destroying the middle class?"

He can't.