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steve2470

(37,481 posts)

32. The credit default swaps have not been adequately addressed

Thu Mar 31, 2016, 04:51 PM

Mar 2016

Dodd-Frank was a step in the right direction, but we need a lot more reforms. The minimum wage needs to be gradually restored to parity with 1980 levels. People in the bottom 80% need to be paid more, that's the real bottom line.

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The central reason for why many of the wealthiest Americans don't care about inequality [View all] YoungDemCA Mar 2016 OP

K and R nt Rebkeh Mar 2016 #1

Reply richdj25 Mar 2016 #11

Very few of them, if any, have ever experienced poverty. Arkansas Granny Mar 2016 #2

I have it on good authority that the real problem is the "blue collar bubble"... kristopher Mar 2016 #16

just when I think Ive seen it all (on DU) bunnies Mar 2016 #19

So what do you see that is so wrong? ieoeja Mar 2016 #24

Blue collar people no damn well how rich people live. bunnies Mar 2016 #28

I shouldn't have let him re-word the discussion. ieoeja Mar 2016 #38

Your statement? Yeah, I deny it. YoungDemCA Mar 2016 #36

I know plenty of well off blue collar workers. ieoeja Mar 2016 #40

Wow Bettie Mar 2016 #21

I bet some prefer it. What is the point of great wealth if not to afford you the chance to look down Vincardog Mar 2016 #3

What they - in large part - don't want to face is this: closeupready Mar 2016 #4

When their wealth is a direct result of inequity, what motivation have they RadiationTherapy Mar 2016 #5

Many wealthy people assume money is easy to get All in it together Mar 2016 #6

Remember Romney suggesting the people should just borrow twenty thousand dollars from their parents tblue37 Mar 2016 #20

Or just sell off some of the stock your father gave you. trotsky Mar 2016 #25

I wasn't rich as a kid, but I went to schools with rich kids. Arugula Latte Mar 2016 #7

they have their own economy and money is no longer something to pay for things with MisterP Mar 2016 #8

What's sad is someone in a gated community thinking they're part of the rich. Spitfire of ATJ Mar 2016 #9

IN A BUBBLE. The richer the person, the bigger the bubble. INSULATED. Hiraeth Mar 2016 #10

something else with trust fund babies: they secretly know they can't compete yurbud Mar 2016 #12

It may not be sustainable, but I don't see it ending any time soon. robbob Mar 2016 #13

You guys got lucky passiveporcupine Mar 2016 #23

Let's say Bernie wins and becomes the next POTUS oberliner Mar 2016 #30

As president he could appoint a decent DNC head, who could work to improve tblue37 Mar 2016 #41

I got mine maindawg Mar 2016 #14

"Fuck you, I've got mine" is the Republican mantra. nt valerief Mar 2016 #15

After reading the title, my first response is WHEN CRABS ROAR Mar 2016 #17

the pitchforks will be coming out soon! Pharaoh Mar 2016 #18

The rich isolating themselves from the poor is an international phenomenon. pampango Mar 2016 #22

I really hate to say this.... steve2470 Mar 2016 #26

Well what I keep hearing is astrophuss42 Mar 2016 #29

The credit default swaps have not been adequately addressed steve2470 Mar 2016 #32

They don't have to. Atman Mar 2016 #27

Here, they live in mansions and ultra-exclusive gated communities. Asking them to mix with the RKP5637 Mar 2016 #31

Many of the wealthiest Americans care deeply about inequality oberliner Mar 2016 #33

Notice I said many, not all YoungDemCA Mar 2016 #37

I did notice that oberliner Mar 2016 #39

They have separated themselves from us for the sole purpose of objectification of us, makes it Dont call me Shirley Mar 2016 #34

The wealthy live in their own world. romanic Mar 2016 #35