Talk of The Villages Florida - View Single Post - The 3 Percenters
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Old 10-10-2013, 07:16 AM
donb9006 donb9006 is offline
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Quote:
Originally Posted by Dr Winston O Boogie jr View Post
She makes an excellent point, We always hear about the gap between the rich and the poor becoming wider but the truth is that even though that might be true the poor are still better off than they were forty years ago.

Look at it this way. If the poor are at 3 and the rich are at 5, the gap is two. If the poor go to 6 and the rich go to ten, the gap is 4 but the poor have double their income exactly the same as the rich have. Even if the rich go to 20 and the poor go to eight, the poor are still better off then they had been. We are a country of equal opportunity, not guaranteed equal results or equal incomes.

Some would have you believe that because the gap is now 4 that the poor are somehow less well off.

It's like John F Kennedy said, "A rising tide lifts all boats."
And where do you think the funds used to "lift the poor" to this new, higher, standard of living comes from? Everyone who isn't poor. It's costs both the rich and the middle class more and more each year to keep raising the poor's standard of living.

Quote:
Originally Posted by allus70 View Post
If it is true that "A rising tide lifts all boats", how would one explain the fact that since 2009, 93% of all the income growth went to the top 1%?
Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened - Bloomberg
That's where the saying the middle class is being destroyed comes from. They keep paying more and more, as their income growth stagnates. If the poor are doing so much better, they must have gotten the other 7% in income growth.

I've read articles that say when ALL benefits are added up...free housing, food, healthcare, phones, spending money...some families make the equivalent of $60,000 a year.

It's a messed up system to be sure... I believe the 3%ers want to end this big government we have now, they see themselves as the new revolutionaries, ready to overthrow and start a new government. To be honest, the colonists had FAR fewer taxes and regulations from king George, then we have now with our government. Just saying...