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CosmicTang · 03-22-2010, 04:20 PM

Will has some excellent points and I agree with many of his views on the subject. People have to take some responsibility and play by the rules. However, if we can't call a spade a spade and look at the other side here then we're all hypocrites.

The wealthiest 1% of the population has more financial wealth than the bottom 95%. That didn't happen by hard work, superior intellect, or just being born lucky. That happened by gaming the system. And worse, the disparity is growing.

According to a Federal Reserve survey in 2001 the wealthiest 1% owned 39.7 percent of the financial wealth, while the bottom 95 percent owned 32.5 percent.

They did another survey in 2004 which found that the top 1 percent owned 42.2 percent, compared to 31 percent for the bottom 95 percent.

In the 2007 survey data the top 1 percent held 48.4 percent, compared to 20 percent for the bottom 95 percent. For the second straight survey, in fact, the concentration of wealth increased.

Will, you make a show of wanting to metaphorically hang those at the bottom gaming the system to get a free ride, and I agree with you there. But you can't seriously give a pass to all rich people and assume they made it to the top honestly and without trampling on the backs of people with no money and no way to protect their rights or enforce the rules to make it a fair game.

This country is not a free-loving democracy where everyone has the same opportunities. That's the bullshit line they feed everyone and we all buy it because deep down we all hope to get rich one day and live a good life. This country is more and more becoming a plutocracy--rule by the wealthy elite. Bankers, Wall St. types, CEOs of MNCs and the politicians who do their bidding enjoy the fruits of a rigged game while making their money on the backs of everyone else.

Our free market capitalist system is an illusion. The game is fixed and most buy it because they hope that one day they get to sit at the adults' table. Until there's some REAL reform there is no way to call this a free country or a market economy. What we have is a plutocracy.

03-22-2010, 04:20 PM
CosmicTang Confirmed User Join Date: Feb 2007 Location: Los Angeles, CA Posts: 1,478	Will has some excellent points and I agree with many of his views on the subject. People have to take some responsibility and play by the rules. However, if we can't call a spade a spade and look at the other side here then we're all hypocrites. The wealthiest 1% of the population has more financial wealth than the bottom 95%. That didn't happen by hard work, superior intellect, or just being born lucky. That happened by gaming the system. And worse, the disparity is growing. According to a Federal Reserve survey in 2001 the wealthiest 1% owned 39.7 percent of the financial wealth, while the bottom 95 percent owned 32.5 percent. They did another survey in 2004 which found that the top 1 percent owned 42.2 percent, compared to 31 percent for the bottom 95 percent. In the 2007 survey data the top 1 percent held 48.4 percent, compared to 20 percent for the bottom 95 percent. For the second straight survey, in fact, the concentration of wealth increased. Will, you make a show of wanting to metaphorically hang those at the bottom gaming the system to get a free ride, and I agree with you there. But you can't seriously give a pass to all rich people and assume they made it to the top honestly and without trampling on the backs of people with no money and no way to protect their rights or enforce the rules to make it a fair game. This country is not a free-loving democracy where everyone has the same opportunities. That's the bullshit line they feed everyone and we all buy it because deep down we all hope to get rich one day and live a good life. This country is more and more becoming a plutocracy--rule by the wealthy elite. Bankers, Wall St. types, CEOs of MNCs and the politicians who do their bidding enjoy the fruits of a rigged game while making their money on the backs of everyone else. Our free market capitalist system is an illusion. The game is fixed and most buy it because they hope that one day they get to sit at the adults' table. Until there's some REAL reform there is no way to call this a free country or a market economy. What we have is a plutocracy. __________________ ICQ: 456.689.835 julian (at) orgasm (dot) com Last edited by CosmicTang; 03-22-2010 at 04:24 PM..