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World's 26 richest own same as poorest half of humanity

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Messenger: The BANNED -- Hemphill Sent: 1/25/2019 3:14:02 PM
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Not true at all.. Its called a meritocracy. Thats the ideal. Personal accountability. I dont support wealth redistribution at all.

Why do you think you can speak for a multitude of people?


Messenger: Nesta1 Sent: 1/26/2019 2:21:23 AM
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Meritocracy? So the CEO who makes $6,000/hr is 400 times more meritorious and deserving the guy on the factory floor making $15/hour? Seriously? The trust fund kid whose invested wealth is earning him $5 million per year is 1,000 time more meritorious and deserving that the Mexican worker in an auto plant making $5,000 per year? Seriously?

Yes, Trump and his outspoken followers we were gleeful over the passage of a tax reform package the further concentrated wealth up the socioeconomic ladder. We are in the fourth decade of a drive to concentrate America's wealth and income to a small minority of the uber-rich. This began under Reagan and it's just kept going regardless of which party held political power. The general prosperity experienced throughout a broad spectrum of the American population in the 50s, 60, and 70sd has all but vanished. More people live paycheck to paycheck than ever before and they're still not making ends meet. Virtually all serious economists agree that the obscene distortion in the distributions of the US wealth and income have already done severe harm to the general prosperity and common good of the nation and that failure to restore some balance will be catastrophic for the US economy.

American society's degradation has been extensive, severe, and mostly ignored; and it continues unabated. The nation's unethical business, political and financial systems; corporate domination of politics; ineffective government; record individual and public debt; rampant incivility (even here on this website);and the record inequity of wealth distribution represent extreme systemic moral shortcomings and a failure of fundamental societal institutions.

America is not a meritocracy. It's plutocracy and a corporatocracy. 'Grab as much as you can get your hands on any way that you can do it and the other guy be damned.' That's not an advanced civilized society, that's the last step before you crumble back into the Dark Ages.


Messenger: The BANNED -- Hemphill Sent: 1/26/2019 1:19:51 PM
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Hence me saying 'the ideal'. Yes, I know that America does not opperate this way but you were trying to speak for me so I put forth the ideal, the aspiration.. And as far a CEO making much more than a factory worker, yes. That is deserved. That CEO more than likely built the company from the ground up and has much much more responsibility and important decision making.. Meaning that I have no problem with them making millions while a highschool grad and college drop out factory worker makes 15 to 20 an hour.. That is basicly my position and it doenst bother me 1 bit.. Are you suggesting that the CEO should have his money taken and redistributed? That is theft and the underlying principle of socialism.. We should work for the equality of opportunity but never confuse that with outcome equality.. Some people work MUCH harder and deserve the money and outcome they have.. Is there corruption and schemes and trust funds for those who dont deserve it? Sure. 100%.. But to suggest that anyone who makes good money has to fork it over to people who would rather sit on the butt with their hand out is ludicrous.. That creates dependency and has no basis in a free and open society.. Also, this type of socialist/communist 'wealth redistribution' scheme places supreme power in the hands of the state to decide who gets what and steal from those who are deemed to have 'too much'.. Historically, this system has failed 100% of the time, which means that it succeeds in what it is designed to do.. Topple freedom and prosperity through theft by 'promising equality of outcome'... Simple. If I work harder and build a business, I deserve to make much more money years down the road than the highschool kid I hired to run the cash register.. But the Democratic socialists like Alexandria Ocassional Cortex dont see it that way. Everyone should make the same no matter how hard they work or what merit they have, only the state gets to reep the rewards of stealing money from those who work and build for it..

Also, dont confuse capitalism with corporatism.


Messenger: Nesta1 Sent: 1/26/2019 1:34:47 PM
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So clearly the pendulum has swung way too far one side in the U.S. a globally - every one can see that and the consensus of economists is that ultra-extreme wealth concentration we have now is destabilizing and economically dangerous. So (1) How should that best be addressed?, and (2) What should we think about guys like Warren Buffett who say that they are under-taxed and should be paying more into society for the privilege & benefits they have of doing business in such a lucrative marketplace?


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