General Discussion

femrap

(13,418 posts)

23. The article (if

Mon Dec 3, 2012, 12:49 PM

Dec 2012

you read it) states that most of the wealthy are making their income from capital gains and dividends. THEY ARE NOT MAKING ANY PRODUCT/WIDGETS AND SELLING THEM.

They are simply sitting on their asses and counting their money. They're not creating jobs except the ones in Under-Developed countries via exploitation.

Just how does a Derivative create a job? The American Economy has become a Financial Roulette Wheel. We are 'The New Service Economy.' Remember?

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Five Facts About America's Pathological Wealth Distribution [View all] marmar Dec 2012 OP

They haven't been fooling me. lonestarnot Dec 2012 #1

du rec. nt xchrom Dec 2012 #2

Would we prefer the rich people in this world be Chinese? dkf Dec 2012 #3

So we should be happy with feudalism, just as long as the feudal lord shares our nationality? marmar Dec 2012 #4

+1 Johonny Dec 2012 #36

I can't believe you just said that n/t leftstreet Dec 2012 #5

I do. Jazzgirl Dec 2012 #9

Unequal distribution of wealth gives inordinate power to the few who've rigged byeya Dec 2012 #11

Unequal distribution or unequal revenue? dkf Dec 2012 #15

The article (if femrap Dec 2012 #23

Capital gains are one way you realize the revenue from selling to millions. dkf Dec 2012 #24

Well, I hope you femrap Dec 2012 #40

+1 LiberalLoner Dec 2012 #35

Dec 3, 7:47 AM EST AP IMPACT: CHINA OVERTAKING US AS GLOBAL TRADER dkf Dec 2012 #12

Oh Noes! We'll lose our national healthcare leftstreet Dec 2012 #17

Who pays the income taxes in this country? dkf Dec 2012 #26

You really should stop watching faux news... daleanime Dec 2012 #32

Actually, Ma'am, That is Not True The Magistrate Dec 2012 #33

Are you trying to pretend that the rich have paid over 93% of all taxes paid since Vincardog Dec 2012 #34

Thx for giving us the Ruling Class perspective leftstreet Dec 2012 #37

Are you kidding? That is just a run of the mill Rex Dec 2012 #42

reality, thank you dkf Puzzledtraveller Dec 2012 #6

Plutocracy is Plutocracy no matter what flag one pledges allegiance to. HughBeaumont Dec 2012 #7

Tell that to Samsung. dkf Dec 2012 #10

You buy Samsung stock... femrap Dec 2012 #27

I don't find "what about the Chinese?" arguments to be that much more compelling... Major Nikon Dec 2012 #14

I'd rather they leave. JDPriestly Dec 2012 #16

I'm willing to take that chance. sulphurdunn Dec 2012 #18

Every Time Someone Screams China. I Scream Germany. Yavin4 Dec 2012 #19

I'd gladly live femrap Dec 2012 #28

Let the rich leave Madmiddle Dec 2012 #21

+1 leftstreet Dec 2012 #41

I would prefer that our government stop underwriting the rich. LiberalAndProud Dec 2012 #22

This message was self-deleted by its author devilgrrl Dec 2012 #31

Same argument the Oligarchs used to create the Mega-Banks. Ikonoklast Dec 2012 #38

Don't forget, they do not go to jail either, ever! Dustlawyer Dec 2012 #8

It's simply a race to the bottom which ultimately benefits neither the rich or poor Major Nikon Dec 2012 #13

Corporate profits are at record highs while wages continue to fall relative to inflation. byeya Dec 2012 #20

I don't think that last line about creating a category for the magical accumulation of wealth brewens Dec 2012 #25

Emphatic K&R! Full article is well worth the read, imho - n/t coalition_unwilling Dec 2012 #29

It's nice to see such a large swath of America isn't in Wall St. raouldukelives Dec 2012 #30

"The comfort of the rich depends upon an abundant supply of the poor." Voltaire Tierra_y_Libertad Dec 2012 #39