The shocking wealth inequality in America ( 6 minute video inside)

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#1 Posted by gamerguru100 (12701 posts) -

https://www.youtube.com/watch?v=QPKKQnijnsM

"The average worker needs to work more than a month to earn what the CEO makes in one hour".

If that is not f*cked up, I don't know what is.

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#2 Posted by DarkGamer007 (6033 posts) -

Wealth inequality is becoming a major problem in the United States and the gap continues to increase. Something needs to be done about it but sadly I doubt that will happen anytime soon considering our Congress is run by a bunch of immature child trying to constantly out prick each other.

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#3 Posted by Serraph105 (32126 posts) -

lower taxes for the rich will solve everything.                                                                                            

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#4 Posted by --Anna-- (4618 posts) -

Learn to play the game, it's not rocket science.  Either whine or get in the game....the choice is actually your.   If, you don't play the game you can't win.

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#5 Posted by Yusuke420 (2770 posts) -

We can't all earn was CEO's earn, but the gap between the two shouldn't be this severe. I honestly don't know what can be done about this short of the rich suddenly finding morality and begin to reduce the salaries of office figures and focus on improving the quality of life in their work force. The company I work for now doesn't even have an employee discount on it's products (they do for other things like cellphones). 

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#6 Posted by comp_atkins (34681 posts) -

what's more interesting is the effect it seems to have on societies with greater inequality. http://www.ted.com/talks/richard_wilkinson.html

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#7 Posted by DoomZaW (6475 posts) -

So?

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#8 Posted by General_X (9137 posts) -

lower taxes for the rich will solve everything.

Serraph105
Exactly! Can't people see that these people who already have more money than they know what to do with will do a much better job at spending even more money?
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#9 Posted by thebest31406 (3775 posts) -

Learn to play the game, it's not rocket science.  Either whine or get in the game....the choice is actually your.   If, you don't play the game you can't win.

--Anna--
Folks are tired of games.
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#10 Posted by Riverwolf007 (26023 posts) -

no big deal since this always happens.... right before the entire collapse of the society  in question.

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#11 Posted by Rich3232 (2628 posts) -

Learn to play the game, it's not rocket science.  Either whine or get in the game....the choice is actually your.   If, you don't play the game you can't win.

--Anna--
Ah, but the game is rigged, and we're all losers in the end.
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#12 Posted by Ace6301 (21389 posts) -
Feels so top 20% mmmm. Seriously though it's a pretty significant issue. We'd all like to think that the super rich are going to invest that money back into society in some way or the other whether it's charity, giving employees large raises or just investing in new companies but it's pretty clear at this stage in the game that this is not what happens. Sucks for the economy too since all we end up with is debt for most people and stagnating wages that don't keep up with the cost of living.
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#13 Posted by --Anna-- (4618 posts) -

[QUOTE="--Anna--"]

Learn to play the game, it's not rocket science.  Either whine or get in the game....the choice is actually your.   If, you don't play the game you can't win.

thebest31406

Folks are tired of games.

The Games have been around for Ever. And I do mean forever...Learn or Lose.  The choice is always your's:  Can't win the game if you don't play vs If you don't won't to play the game you can't lose.  It's always up to U!  There is no other choice....not playing is also a choice.  Cheers, welcome to the real world.

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#14 Posted by the_bi99man (11244 posts) -

We all know. And have for decades. It's not shocking.

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#15 Posted by Serraph105 (32126 posts) -

[QUOTE="thebest31406"][QUOTE="--Anna--"]

Learn to play the game, it's not rocket science.  Either whine or get in the game....the choice is actually your.   If, you don't play the game you can't win.

--Anna--

Folks are tired of games.

The Games have been around for Ever. And I do mean forever...Learn or Lose.  The choice is always your's:  Can't win the game if you don't play vs If you don't won't to play the game you can't lose.  It's always up to U!  There is no other choice....not playing is also a choice.  Cheers, welcome to the real world.

I'm not actually sure what you are getting at with this post. The original video outlines a massive problem with today's economic reality. Namely that the game is rigged against nearly everyone these days. You're solution seems to be to work with the problem (although at this point to do so is almost impossible) rather than working to fix the problem.

When the system is so incredibly broken why would you not try to fix the issue rather than work with a nearly crippling handicap?

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#16 Posted by comp_atkins (34681 posts) -

We all know. And have for decades. It's not shocking.

the_bi99man
clearly we don't know given how off what people think the inequality is vs. reality.
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#17 Posted by Fightingfan (38011 posts) -
I don't understand "wealth equality". If you put in less why should you get more?
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#18 Posted by comp_atkins (34681 posts) -
[QUOTE="Fightingfan"]I don't understand "wealth equality". If you put in less why should you get more?

conversely, if you put in 3x more, why should you get 15x more?
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#19 Posted by Ace6301 (21389 posts) -
[QUOTE="Fightingfan"]I don't understand "wealth equality". If you put in less why should you get more?

Hard work should be rewarded. The issue is that for a large percentage of people it isn't.
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#20 Posted by toast_burner (24932 posts) -

I don't understand "wealth equality". If you put in less why should you get more? Fightingfan

So you agree hat you should be paid retrospective to how much you work?

Then why do you not see a problem with people earning 20 times how much other people work despite not working 20 times as hard? 

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#21 Posted by Oleg_Huzwog (21885 posts) -

There's no reason an easily-replaceable worker should make anywhere near as much as the CEO.  But at the same time, I have a hard time believing a $25 million CEO couldn't be replaced by a $5 million one who'd be just as effective.

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#22 Posted by LJS9502_basic (163072 posts) -
Is becoming a major problem in the US now. The middle class is disappearing.
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#23 Posted by Guybrush_3 (8308 posts) -

I don't understand "wealth equality". If you put in less why should you get more? Fightingfan

Worker productivity has been skyrocketing while wages are decreasing. Obviously there is something wrong here.

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#24 Posted by osirisx3 (2113 posts) -

marx was right as always

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#25 Posted by comp_atkins (34681 posts) -
Is becoming a major problem in the US now. The middle class is disappearing. LJS9502_basic
going to be hard to pay ceo's millions in bonuses when their customers can't afford the products the company is offering...
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#26 Posted by DoomZaW (6475 posts) -

There's no reason an easily-replaceable worker should make anywhere near as much as the CEO.  But at the same time, I have a hard time believing a $25 million CEO couldn't be replaced by a $5 million one who'd be just as effective.

Oleg_Huzwog

Believe me, any corporation will gladly send their current CEO packing in a hurry if they are convinced someone else can do an equally efficient job for even half the salary. Problem just is that a proper CEO earns back his salary to the company by a large multiple, while a bad CEO easily can run the company into the ground and make a helluva lot of people lose jobs and money, and it's that risk factor above all others that corporations don't like. Unless the current CEO is doing so awful the board will fire him, swapping the CEO isn't done lightly.

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#27 Posted by Perfect_Blue (30448 posts) -

Learn to play the game, it's not rocket science.  Either whine or get in the game....the choice is actually your.   If, you don't play the game you can't win.

--Anna--

Omar Little?

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#28 Posted by sonicare (55916 posts) -

I will never make as much money as Lebron James does in one year.  To hell with everything!

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#29 Posted by jeremiah06 (7215 posts) -

Learn to play the game, it's not rocket science.  Either whine or get in the game....the choice is actually your.   If, you don't play the game you can't win.

--Anna--
Yeah you have to choose the parents that has the most money and resources...
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#30 Posted by Lonelynight (30050 posts) -
"The average worker needs to work more than a month to earn what the CEO makes in one hour".gamerguru100
I don't see the problem with this. American workers still make a lot more than most people in the world
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#31 Posted by Rapporteur (95 posts) -

I don't understand "wealth equality". If you put in less why should you get more? Fightingfan
Put in less of what?

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#32 Posted by Fightingfan (38011 posts) -

[QUOTE="Fightingfan"]I don't understand "wealth equality". If you put in less why should you get more? toast_burner

So you agree hat you should be paid retrospective to how much you work?

Then why do you not see a problem with people earning 20 times how much other people work despite not working 20 times as hard? 

Define "work"; if I own the business I get more earning-- whether I'm CEO, or sitting on the side lines collecting a percentage of revenue is irrelevant.
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#33 Posted by Fightingfan (38011 posts) -

[QUOTE="Fightingfan"]I don't understand "wealth equality". If you put in less why should you get more? Rapporteur

Put in less of what?

liabilities and equity.
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#34 Posted by Perfect_Blue (30448 posts) -

Define "work"; if I own the business I get more earning-- whether I'm CEO, or sitting on the side lines collecting a percentage of revenue is irrelevant. Fightingfan
That's not really the point. The issue with wealth inequality is that CEO wages have constantly risen while wages for workers have remained stagnant and haven't grown to accomodate cost of living.

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#35 Posted by Fightingfan (38011 posts) -

[QUOTE="Fightingfan"]Define "work"; if I own the business I get more earning-- whether I'm CEO, or sitting on the side lines collecting a percentage of revenue is irrelevant. Aljosa23

That's not really the point. The issue with wealth inequality is that CEO wages have constantly risen while wages for workers have remained stagnant and haven't grown to accomodate cost of living.

Oh I see. That sounds more of a Bernanke issue than the business owners issue. The founding fathers made fiat currency illegal for a reason Congress.
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#36 Posted by Riverwolf007 (26023 posts) -

[QUOTE="--Anna--"]

[QUOTE="thebest31406"] Folks are tired of games.Serraph105

The Games have been around for Ever. And I do mean forever...Learn or Lose.  The choice is always your's:  Can't win the game if you don't play vs If you don't won't to play the game you can't lose.  It's always up to U!  There is no other choice....not playing is also a choice.  Cheers, welcome to the real world.

I'm not actually sure what you are getting at with this post. The original video outlines a massive problem with today's economic reality. Namely that the game is rigged against nearly everyone these days. You're solution seems to be to work with the problem (although at this point to do so is almost impossible) rather than working to fix the problem.

When the system is so incredibly broken why would you not try to fix the issue rather than work with a nearly crippling handicap?

because ... y'know... ayn rand.

the poor deserve what they get.

i mean look at me, my house lost $40,000 in value in 2008  and i deserve that because i am stupid and lazy and the 4 banks that hold my debt and  split up my mortgage to sell and resell to each other in risky ventures deserved to get bailed out and be handed piles of money and  make record profits  because they are smart and work hard.

ok get this if you want to know how stupid and lazy i am.... i lost the forty large then.... oh lol, you will love this.... i helped to bail  out the people who just ****ed me up the ***.

that's how ****ing stupid i am.

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#37 Posted by deactivated-59d151f079814 (47239 posts) -

Is becoming a major problem in the US now. The middle class is disappearing. LJS9502_basic

   Basically this..  And the problem is that when ever this is brought up it's suddenly devolves into a screaming of socialism, entitlements, and other catch phrases with negative impact whenever it's seen as a problem..  I don't think any one here suggests that CEO's shouldn't get paid significantly more than the base worker, they should.. But when you start hearing figures of 200 to 300 times that, it becomes hard to swallow.. Especially when you hear about PoS companies like Walmart which treat their workers like trash, and actually TEACH them how to get onto the US social programs just so they don't have to pay for their healthcare or other such thing.. Or you have scum bags like Papa John's that will force workers to work the bare minimum just so they don't have to pay for their healthcare.. Healthcare I might add which would equal to the exact same "free pizza" give away they did during the NFL playoffs.. 

   

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#38 Posted by tagyhag (15874 posts) -
Video is depressing, but you know what? Life isn't fair. Sucks ass but we just gotta play with the hand that we're dealt.
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#39 Posted by deactivated-59d151f079814 (47239 posts) -

Feels so top 20% mmmm. Seriously though it's a pretty significant issue. We'd all like to think that the super rich are going to invest that money back into society in some way or the other whether it's charity, giving employees large raises or just investing in new companies but it's pretty clear at this stage in the game that this is not what happens. Sucks for the economy too since all we end up with is debt for most people and stagnating wages that don't keep up with the cost of living. Ace6301

  The problem is our system is based on "good faith".. We give subsidies and tax breaks to industries in hopes they do what we want them to do..   Rather than actually rewarding them AFTER they do the action the government is promoting.. We saw this with GE a few years back.. They paid 0 taxes, government actually gave them money, they posted record profits.. And continued to cut jobs in the United States.. 

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#40 Posted by toast_burner (24932 posts) -

Video is depressing, but you know what? Life isn't fair. Sucks ass but we just gotta play with the hand that we're dealt.tagyhag
Why? The economy is man made so it obviously can be changed and fixed. It makes no sense to carry on using a broken system simply because you're a pessimist.

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#41 Posted by osirisx3 (2113 posts) -

i wonder if these ceos work 380 times harder then there low level workers.

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#42 Posted by BenedictArnold7 (743 posts) -
This is nonsense. If you have an entry level job you don't deserve much money. If you can't climb the social ladder TOO BAD. End of story.
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#43 Posted by YoshiYogurt (6008 posts) -
And conservatives scream "NOAOAO we love our rich!"
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#44 Posted by mattbbpl (15145 posts) -
This is nonsense. If you have an entry level job you don't deserve much money. If you can't climb the social ladder TOO BAD. End of story. BenedictArnold7
I used to take the tough love attitude as well, but climbing income inequality has some very negative impacts on a society in general. When you combine it with the fact that healthcare, food, and energy costs are rising faster (in many cases much faster) than wages are rising, the situation will be exacerbated.

I tend to take more of a macro view than a micro view these days.
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#45 Posted by tagyhag (15874 posts) -

[QUOTE="tagyhag"]Video is depressing, but you know what? Life isn't fair. Sucks ass but we just gotta play with the hand that we're dealt.toast_burner

Why? The economy is man made so it obviously can be changed and fixed. It makes no sense to carry on using a broken system simply because you're a pessimist.

Sure it can be changed, just like how North Korea can be changed. You really think the big guys are gonna let all their power just go away? There would have to be total anarchy for that to happen.
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#46 Posted by Rich3232 (2628 posts) -
[QUOTE="toast_burner"]

[QUOTE="tagyhag"]Video is depressing, but you know what? Life isn't fair. Sucks ass but we just gotta play with the hand that we're dealt.tagyhag

Why? The economy is man made so it obviously can be changed and fixed. It makes no sense to carry on using a broken system simply because you're a pessimist.

Sure it can be changed, just like how North Korea can be changed. You really think the big guys are gonna let all their power just go away? There would have to be total anarchy for that to happen.

wut? More of us than there are of them. Their powers are disguises and tricks. They keep us little people constantly fighting amongst each other so that they, the rich, can get away with screwing us over and taking more and more of our money away.
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#47 Posted by RushKing (1785 posts) -

[QUOTE="toast_burner"]

[QUOTE="tagyhag"]Video is depressing, but you know what? Life isn't fair. Sucks ass but we just gotta play with the hand that we're dealt.tagyhag

Why? The economy is man made so it obviously can be changed and fixed. It makes no sense to carry on using a broken system simply because you're a pessimist.

Sure it can be changed, just like how North Korea can be changed. You really think the big guys are gonna let all their power just go away? There would have to be total anarchy for that to happen.

Bring on the revolution.

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#48 Posted by one_plum (6514 posts) -

Maybe if America was actually concerned about this issue, there wouldn't be so much crime and you wouldn't have to hear about people blaming guns being the problem.

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#49 Posted by comp_atkins (34681 posts) -
nothing to see here folks... carry on with your business.. move along. if there's a real problem, don't fret, we'll tell you about it.
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#50 Posted by kuraimen (28078 posts) -

That wealth inequality decreased considerably in Latin America thanks to leftist leaders like Chavez, Lula, Mujica, Correa while it increases in the US and Europe... Food for thought.