Electronics being cheap has nothing to do with rising incomes.

Technology has made us "richer" in the sense a poor person today has access to healthcare and toys even an emperor from 1000 years ago could not buy - but that is mixing apples and oranges too.

:thumbsup

It's the delusions of the unable, uneducated that imagine success comes from cheaters, fraudsters, and scumbags.
I'm never on the side of the deluded.
A bunch of losers demanding "equity" without ever working a hard day in their lives isn't something someone like me would ever be sympathetic to.

The left says current levels of income inequality echo the late 1920s and the Gilded Age. They?ve zeroed in on the richest 1%, citing Census Bureau data showing these top earners ?grabbing? more income than the bottom 90%.

But the census stats are misleading.

For one, they are a snapshot of income distribution at a single point in time. Yet income is not static. It changes over time. Low-paying jobs from early adulthood give way to better-paying jobs later in life.

And income groups in America are not fixed. There?s no caste system here, really no such thing even as a middle ?class.? The poor aren?t stuck in poverty. And the rich don?t enjoy lifetime membership in an exclusive club.

A 2007 Treasury Department study bears this out. Nearly 58% of U.S. households in the lowest-income quintile in 1996 moved to a higher level by 2005. The reverse also held true. Of those households that were in the top 1% in income in 1996, more than 57% dropped to a lower-income group by 2005.

Every day in America, the poor join the ranks of the middle, the middle join the ranks of the rich, and the rich fall out of comfort.

So even if income inequality is increasing, it does not mean income mobility is decreasing. There is still a great deal of movement in and out of the richest and poorest groups in America.



.:2 cents:

Accused of Deception, Citi Agrees to Pay $285 Million
 

Ummm, okay?

Not sure why you feel your argument is emboldened by that video, but again... okay?

Just as relevant as your post was.....




.

If something wasn't wrong, tons of people wouldn't be rising up and taking to the streets.

50 pointless debates.

It is the idiocy of both sides, particularly those at the fringe, that define the center. Of course, they all believe they are right, and of course they can't both be right when they are each expressing diametrically opposed ideas, but they don't know that.

Actually, as absurd as it sounds, if you step far away from the fight, both sides COULD be right!

I don't think that the people on the fringes (myself included) believe (within their own mind) that they are wrong.

In fantasyland, you can envision a happy and successful society, with almost ANY type of governance.

You can have a happy Keebler's Elf society, which may look communist or socialist, but the elves appear to be happy.

You can envision a kingdom, ruled by a great and fair king, where all of the people in the kingdom are harmonious and happy.

Some people believe a country should be everyone out for themselves, and no one needs to help anyone, and some people think otherwise.

In a lab experiment, no one is wrong.

In reality however, things are much more convoluted and corrupt, so now we just fight.