Most Americans say U.S. economic system is unfair, but high-income Republicans disagree

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    Feb 11, 2016 12:43 AM GMT
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    http://www.pewresearch.org/fact-tank/2016/02/10/most-americans-say-u-s-economic-system-is-unfair-but-high-income-republicans-disagree/
    A substantial majority of Americans – 65% – say the economic system in this country “unfairly favors powerful interests.” Fewer than half as many (31%) say the system “is generally fair to most Americans.”


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  • Posted by a hidden member.
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    Feb 11, 2016 1:55 AM GMT
    Fair is a matter of perspective. Anyone who has worked hard and succeeded will say the system is fair.

    Do you think it is wrong to be rewarded for hard work?
    Funny_video_donkey_doing_pirouettes_by_h
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    Feb 11, 2016 2:39 AM GMT
    desertmuscl saidFair is a matter of perspective. Anyone who has worked hard and succeeded will say the system is fair.

    Do you think it is wrong to be rewarded for hard work?
    Funny_video_donkey_doing_pirouettes_by_h


    Um, no, wrong again.

    Do you ever read anything before you make stupid as fuck comments? Or are you striving to become as dumb as roadrage? Are you saying that the 65% of the country who says it is unfair are the 65% which is not working?

    Or are you saying that because within the "Conservative Republicans...50% say the system favors the powerful" that means HALF OF THE REPUBLICANS ARE FUCKING LAZY ASS BASTARDS? I asked calmly with a question mark instead of an exclamation point.

    And how is it that 60% of high income Republicans think the system fair (so by your assessment the other 40% high earners who don't say it's fair are just skimming and scamming or they don't care?) while 82% of high income Democrats say the system is unfair? (more honest, perhaps?)

    Stop being such a knee jerk idiot please and instead engage your mind before your mouth. Put some thought into your blowjobs for God's sakes. Otherwise you ain't never gonna get a second date.

    Thank you.
  • metta

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    Feb 11, 2016 2:47 AM GMT
    There are many wealthy people that did not have to do very much to get it other than coming from a wealthy family.

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    Feb 11, 2016 2:55 AM GMT
    http://www.chicagobooth.edu/capideas/magazine/summer-2013/billionaires-self-made
    Some 32 percent of the Forbes 400 in 2011 belonged to very rich families, down from 60 percent in 1982. On the other hand, the share of those in the Forbes 400 who didn't grow up wealthy but had some money in the family—the equivalent of the upper middle class—rose by the about same amount. The proportion of those in the list who grew up poor or had little wealth remained constant at roughly 20 percent throughout the same period.

    Most individuals on the Forbes 400 list did not inherit the family business but rather made their own fortune. Kaplan and Rauh found that 69 percent of those on the list in 2011 started their own business, compared with only 40 percent in 1982.


    http://blogs.wsj.com/wealth/2008/04/11/earners-vs-heirs/
    PNC Wealth Management recently polled about 1,500 Americans with $500,000 or more in investible assets and found that 69% of respondents made most of their fortune through work, business ownership or investments. Only 6% made their wealth by inheriting it, while 25% made it through a combination of inheritance and earnings.


    So while certainly many with 10s or 100s of millions might have some generational wealth, the survey looks at household incomes of 100,000k. Two earners of 50k each would make that cut.

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    Feb 11, 2016 3:04 AM GMT
    southbeach1500 said
    metta saidThere are many wealthy people that did not have to do very much to get it other than coming from a wealthy family.


    Not at all true.

    You're just regurgitating the leftist propaganda you've been poisoned (or it it programmed) with.


    But there are many people who inherit wealth. He made a generality about which there is some truth (depending upon relative to what which he did not specify).

    And it looks like that might be more true for big money which might make sense because outside of instant tech fortunes, you'd think that would take some time to accumulate...

    http://www.businessinsider.com/richest-people-in-the-world-2015-4

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  • roadbikeRob

    Posts: 14360

    Feb 11, 2016 3:05 AM GMT
    southbeach1500 said
    metta saidThere are many wealthy people that did not have to do very much to get it other than coming from a wealthy family.


    Not at all true.

    You're just regurgitating the leftist propaganda you've been poisoned (or it it programmed) with.
    I have to agree with Metta on this one because it is true. There are a significant number of wealthy folks who are silver spooned and spoiled. They are not the majority of wealthy folks fortunately.
  • metta

    Posts: 39134

    Feb 11, 2016 3:09 AM GMT
    I know people that never had to work. They did go get a good college education. But they never needed to work. One of them did spend a few years owning an art gallery. It never made any money. But now, he just travels most of the year. He has to spend at least 6 months away from the US in order to keep his taxes down. He mostly plays video games.
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    Feb 11, 2016 3:13 AM GMT
    southbeach1500 said
    metta saidThere are many wealthy people that did not have to do very much to get it other than coming from a wealthy family.


    Not at all true.

    You're just regurgitating the leftist propaganda you've been poisoned (or it it programmed) with.


    Exactly. He got this from Dick Gephardt, who said the wealthy are "winners of life's lottery." In Left Wing Wacko World....all the smart, honest and hardworking people are all poor, and wealthy people are born that way.
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    Feb 11, 2016 3:20 AM GMT
    metta saidI know people that never had to work. They did go get a good college education. But they never needed to work. One of them did spend a few years owning an art gallery. It never made any money. But now, he just travels most of the year. He has to spend at least 6 months away from the US in order to keep his taxes down. He mostly plays video games.


    Your anecdotal story does not represent reality. From Forbes magazine....

    "....more and more, the richest people in the country have worked hard, in an incredibly difficult context, to earn a spot in the Forbes 400. And while it is a known fact that the wealthiest have amassed a greater proportion of the nation’s output than the rest, the self-made scores demonstrate social mobility is indeed possible."

    http://www.forbes.com/sites/afontevecchia/2014/10/03/there-are-more-self-made-billionaires-in-the-forbes-400-than-ever-before/#4d81831be0a5
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    Feb 11, 2016 4:16 AM GMT
    metta saidI know people that never had to work. They did go get a good college education. But they never needed to work. One of them did spend a few years owning an art gallery. It never made any money. But now, he just travels most of the year. He has to spend at least 6 months away from the US in order to keep his taxes down. He mostly plays video games.
    How do they support themselves? Money falls out of the sky?

  • metta

    Posts: 39134

    Feb 11, 2016 5:32 AM GMT
    ^
    Their families gave them money. You guys believe what you want. It doesn't matter to me. I'm not trying to convince you of anything. It just surprises me that so many are unaware. Their lives are pretty discreet. Yes, they have beautiful homes, eat at expensive restaurants on a regular basis, and travel all over the World, but you probably would not notice them unless you knew them personally. I have nothing against them. They are nice people. That was just the hand they were dealt in life.
  • roadbikeRob

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    Feb 12, 2016 12:58 PM GMT
    desertmuscl saidFair is a matter of perspective. Anyone who has worked hard and succeeded will say the system is fair.

    Do you think it is wrong to be rewarded for hard work?
    Funny_video_donkey_doing_pirouettes_by_h
    The trouble is that most people are not rewarded for hard work. The wealthy business owners of today are cold hearted and cheap. They all want something for nothing. That greed is what is destroying the work ethic. These rich bastards cannot get their fill of money so they are stingy as hell with wages and benefits, disgustingicon_mad.gif
  • Fireworkz

    Posts: 606

    Feb 12, 2016 1:09 PM GMT
    roadbikeRob said
    desertmuscl saidFair is a matter of perspective. Anyone who has worked hard and succeeded will say the system is fair.

    Do you think it is wrong to be rewarded for hard work?
    Funny_video_donkey_doing_pirouettes_by_h
    The trouble is that most people are not rewarded for hard work. The wealthy business owners of today are cold hearted and cheap. They all want something for nothing. That greed is what is destroying the work ethic. These rich bastards cannot get their fill of money so they are stingy as hell with wages and benefits, disgustingicon_mad.gif



    If hard work was all it took then low income people working 3 jobs would be wealthy.

    There are many factors that influence wealth generation.

    And yes I agree here there are a great deal of cut throat corporations working hard to keep people poor. I know because as an investment banker I was present in the meetings with private equity owners when we looked at cost cutting and exporting jobs to different countries to increase profits for shareholders.

    Not all companies and all the rich are bad but profits do rule over people

    A lot of the new economy companies seek to reduce the cost of labour. Uber distributes money for taxi drivers to anyone making it competitive. Supermarket workers are replaced with self checkout.

    It's a big game of monopoly really. Americans are starting to wake up a little. We see campaigns like this with bring back American jobs but I don't know if that will be enough.



  • tj85016

    Posts: 4123

    Feb 12, 2016 2:21 PM GMT
    the sole reason there was a "healthy middle class" in the US and Canada (for a few decades) was World War 2, when most of the productive capacity in Europe, Russia, the UK, and a lot of Asia was decimated and the US had it all

    so people remember the jobs of the 50's, 60's, 70's and some of the 80's

    now we're just back to historical norms

    in 1870, a 23 year old worked on a farm, or a mine, or joined the Army

    in 2016, a 23 year old works behind a cash register, serves drinks, or works in a fucking nursing home
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    Feb 12, 2016 4:42 PM GMT
    The Decade Leading up to the Great Depression
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    THE REBUILDING BY THE MIDDLE CLASS OF THIS NATION AFTER THE WEALTHY CRASHED IT LAST TIME
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    THE ROBBERY REDISTRIBUTION OF THE WEALTH TO THE WEALTHY WHO CRASHED IT AGAIN UNDER BUSH
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    The Years Leading up to and through the Great Recession
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  • tj85016

    Posts: 4123

    Feb 12, 2016 5:01 PM GMT
    lol you do realize that "average income" is a meaningless number right?