Visual representation of wealth inequality in US

[BelemNole]

Don't be a poor. Be like nearly everyone else here except Tom Paris and tarheel.

This is such a stupid throw away comment. No one wants to be a poor. And despite everything you're doing on their behalf you'll never be one of the people on the end of that curve. But instead of looking at that video and thinking "shit, this has gotten out of control" people like you think "man, maybe I can be one of those people hoarding wealth from the other 99.9%!!"
It's ridiculous and should be embarrassing.

 

[HawkeyeHitman]

Unbelievable that people think like this. The middle class has been under attack for 40 years. Seriously, you seem thrilled that 1% own have the wealth. Those billionaires LOVE you.

I have more respect for a billionaire than a useless Marxist leech like little flick and yourself. I would rather listen and follow the advice of a billionaire than Bernie Sanders. Following the advice of billionaires have made my life better than beating off to Bernie Sanders
advice on life.

 

[Rifler]

people like you think "man, maybe I can be one of those people hoarding wealth from the other 99.9%!!"
It's ridiculous and should be embarrassing.

Probably true,.. But if you're willing to work at it, hoarding wealth from the other 75% is entirely achievable.

 

[BelemNole]

Probably true,.. But if you're willing to work at it, hoarding wealth from the other 75% is entirely achievable.

So? That pile of crumbs you're fighting over gets smaller and smaller every year. That's the whole point.
Look, we're in the 90+ percentile in my household but we're nowhere near wealthy. 50 years ago a blue collar job could afford a house, two cars and a stay at home mom. Try that now.
Why is that? Because entitlements for poor people? lol no. It's because all the money that used to go to the middle class is getting sucked up by the never ending wealth addiction of the billionaire class.
Does your CEO do more work in an hour than the average employee does in a month? Is that sane?

 

[hexumhawk]

So? That pile of crumbs you're fighting over gets smaller and smaller every year. That's the whole point.
Look, we're in the 90+ percentile in my household but we're nowhere near wealthy. 50 years ago a blue collar job could afford a house, two cars and a stay at home mom. Try that now.
Why is that? Because entitlements for poor people? lol no. It's because all the money that used to go to the middle class is getting sucked up by the never ending wealth addiction of the billionaire class.
Does your CEO do more work in an hour than the average employee does in a month? Is that sane?

"We" allowed the government and the feminist movement to think that dual incomes was much better than having a stay at home mom. Why just tax one income when you can tax two incomes. People fell for the anti-Butker message and we have ended up with worse societal and monetary problems because the government doesn't care about you. They only care about getting rich while in office and selling people their money back to them in programs that aren't needed.

 

[FlickShagwell]

"We" allowed the government and the feminist movement to think that dual incomes was much better than having a stay at home mom.

JFC

 

[BelemNole]

"We" allowed the government and the feminist movement to think that dual incomes was much better than having a stay at home mom. Why just tax one income when you can tax two incomes. People fell for the anti-Butker message and we have ended up with worse societal and monetary problems because the government doesn't care about you. They only care about getting rich while in office and selling people their money back to them in programs that aren't needed.

 

[ping72]

That is how this will end unless it ends in a totalitarian kleptocracy like Russia like MAGA wants. Something has to give. It’s why everyone is angry.

Basically, every other time in world history the income equality had gotten this bad, the poor people overthrew the rich people and stole all of their stuff after killing them.

 

[Finance85]

This is such a stupid throw away comment. No one wants to be a poor. And despite everything you're doing on their behalf you'll never be one of the people on the end of that curve. But instead of looking at that video and thinking "shit, this has gotten out of control" people like you think "man, maybe I can be one of those people hoarding wealth from the other 99.9%!!"
It's ridiculous and should be embarrassing.

You have no idea, but I will admit it would be much harder to build or hoard wealth in California.

 

[jamesvanderwulf]

The US created 2200 new millionaires in 2023.

There are now more than 5.5 millionaires in the US.

Are we talking " net worth ? " The US created them or did they create themselves or like myself, inflation created them...

 

[Jerome Silberman]

"We" allowed the government and the feminist movement to think that dual incomes was much better than having a stay at home mom. Why just tax one income when you can tax two incomes. People fell for the anti-Butker message and we have ended up with worse societal and monetary problems because the government doesn't care about you. They only care about getting rich while in office and selling people their money back to them in programs that aren't needed.

 

[BelemNole]

You have no idea, but I will admit it would be much harder to build or hoard wealth in California.

Right, you're a secret billionaire who spends his free time posting on HORT when the markets are closed. I believe!

 

[seminole97]

So? That pile of crumbs you're fighting over gets smaller and smaller every year. That's the whole point.
Look, we're in the 90+ percentile in my household but we're nowhere near wealthy. 50 years ago a blue collar job could afford a house, two cars and a stay at home mom. Try that now. Why is that? Because entitlements for poor people? lol no. It's because all the money that used to go to the middle class is getting sucked up by the never ending wealth addiction of the billionaire class.

This zero sum mindset is why you can't understand what is happening.
When Musk creates billions of dollars of value in SpaceX he didn't take it from you.
It was created from nothing.
It wasn't going to be yours, it wasn't going to exist at all.

Wealth is created.

Does your CEO do more work in an hour than the average employee does in a month? Is that sane?

What does 'work more' mean?

Is a CEO worth millions of dollars to a corporation? When Jack Welch became General Electric's CEO in 1981, the stock market judged the company to be worth about $14 billion. Through hiring and firing, buying and selling, Welch turned the company around before he retired in 2001. Today, GE is worth nearly $500 billion, making it one of the most valuable companies in the world. What's a CEO worth for providing the brains and leadership to turn a $14 billion corporation into one worth $500 billion? How about paying just a measly one-half of a percent of the increase in value? If that were the case, Welch's total compensation would have come to nearly $2.5 billion, instead of the few hundred million that he actually received.
The Gillette Co. was in the early stages of corporate death in 2001 when Jim Kilts took over as CEO. The company's stock had lost almost half of its value in two years, and sales volume and market shares of its major brands had plummeted. Between the time Kilts took over at Gillette and this year's Jan. 28 announcement of Procter & Gamble's purchase of Gillette, Gillette's market value increased by $11.3 billion, a 34 percent improvement, and since the announcement, Gillette's value has risen by another $5.7 billion.
Kilts' salary and bonuses over the past four years, totaling about $17.5 million, haven't been especially large by CEO standards. Predictably, however, Kilts' pay and particularly the size of his compensation package from the merger — $153 million — have been the subject of media carping, particularly in Boston, where Gillette is headquartered. This figure is indeed large, but it, added to what Gillette has paid him since 2001, makes Kilts' total compensation a mere 1.5 percent of his contribution to Gillette's value.
Here are a couple of questions to you: If you were the owner of GE, and a CEO could turn your $14 billion corporation into a $500 billion one, how much would you be willing to pay that man in salary and bonuses? Or, in the case of Jim Kilts, turning Gillette from a corporation in steep decline into one Procter & Gamble was willing to buy for $57 billion, how much would you be willing to pay?
...
There's another important issue. If one company has an effective CEO, it is not the only company that would like to have him on the payroll. In order to keep him, the company must pay him enough so that he can't be lured elsewhere.

 

[BelemNole]

This zero sum mindset is why you can't understand what is happening.
When Musk creates billions of dollars of value in SpaceX he didn't take it from you.
It was created from nothing.
It wasn't going to be yours, it wasn't going to exist at all.

Wealth is created.



What does 'work more' mean?

Is a CEO worth millions of dollars to a corporation? When Jack Welch became General Electric's CEO in 1981, the stock market judged the company to be worth about $14 billion. Through hiring and firing, buying and selling, Welch turned the company around before he retired in 2001. Today, GE is worth nearly $500 billion, making it one of the most valuable companies in the world. What's a CEO worth for providing the brains and leadership to turn a $14 billion corporation into one worth $500 billion? How about paying just a measly one-half of a percent of the increase in value? If that were the case, Welch's total compensation would have come to nearly $2.5 billion, instead of the few hundred million that he actually received.
The Gillette Co. was in the early stages of corporate death in 2001 when Jim Kilts took over as CEO. The company's stock had lost almost half of its value in two years, and sales volume and market shares of its major brands had plummeted. Between the time Kilts took over at Gillette and this year's Jan. 28 announcement of Procter & Gamble's purchase of Gillette, Gillette's market value increased by $11.3 billion, a 34 percent improvement, and since the announcement, Gillette's value has risen by another $5.7 billion.
Kilts' salary and bonuses over the past four years, totaling about $17.5 million, haven't been especially large by CEO standards. Predictably, however, Kilts' pay and particularly the size of his compensation package from the merger — $153 million — have been the subject of media carping, particularly in Boston, where Gillette is headquartered. This figure is indeed large, but it, added to what Gillette has paid him since 2001, makes Kilts' total compensation a mere 1.5 percent of his contribution to Gillette's value.
Here are a couple of questions to you: If you were the owner of GE, and a CEO could turn your $14 billion corporation into a $500 billion one, how much would you be willing to pay that man in salary and bonuses? Or, in the case of Jim Kilts, turning Gillette from a corporation in steep decline into one Procter & Gamble was willing to buy for $57 billion, how much would you be willing to pay?
...
There's another important issue. If one company has an effective CEO, it is not the only company that would like to have him on the payroll. In order to keep him, the company must pay him enough so that he can't be lured elsewhere.

No, it was created thru the effort of the employees. The people who actually put the products in space or on the road.
Same for any other CEO, they're not 1000-10000 more valuable than the average staff member.

 

[Torg]

You have no idea, but I will admit it would be much harder to build or hoard wealth in California.

For once you are right
Only 186 billionaires in Ca
135 in second place NY

 

[nelly02]

I didn’t say I was for it just saying what would need to be done.

Almost nobody in those $50 million yachts is “working for a paycheck”.

It’s their accumulated wealth.

Maybe put a high tax on things only the super rich use and do. Federal docking fee on boats over a certain size, private jet fuel and sales tax, multiple home federal tax if one of the properties is over a certain value.

This is the best post in the thread. This is the simple solution to at least start chipping away at this problem. But we keep electing people who want to help their rich **** friends. We need to stop bickering about stupid shit and work together to elect people who will start passing these kind of things. Then we might get somewhere

 

[nelly02]

"We" allowed the government and the feminist movement to think that dual incomes was much better than having a stay at home mom. Why just tax one income when you can tax two incomes. People fell for the anti-Butker message and we have ended up with worse societal and monetary problems because the government doesn't care about you. They only care about getting rich while in office and selling people their money back to them in programs that aren't needed.

Jesus ****ing Christ you are a dumb dumb

 

[seminole97]

No, it was created thru the effort of the employees.

Effort isn’t enough, and doesn’t give you insight into value.
Effort in the right direction is what matters, and that’s what the CEO provides.

The decision to make or keep an enterprise profitable are not automatic. If they were, shareholders wouldn’t waste money on CEOs.

 

[ClarindaA's]

The problem I have with taxing the rich more than we current are is that I don’t trust our government to actually lift up the poor and middle class.

Easy, cut the tax on the middle classes to 8-14 percent

 

[RileyHawk]

"We" allowed the government and the feminist movement to think that dual incomes was much better than having a stay at home mom. Why just tax one income when you can tax two incomes. People fell for the anti-Butker message and we have ended up with worse societal and monetary problems because the government doesn't care about you. They only care about getting rich while in office and selling people their money back to them in programs that aren't needed.

Sure, the country is way worse off than it was in the 60s and 70s.

FFS you're a shill.

 

[ZachJump]

No, it was created thru the effort of the employees. The people who actually put the products in space or on the road.
Same for any other CEO, they're not 1000-10000 more valuable than the average staff member.

So what you are saying is the people that work for Walmart are much better at putting Shampoo on the shelf than those that worked at KMart?

Totally not the fault of the leadership of KMart that another company crushed them…it is all on the employees?

 

[BelemNole]

So what you are saying is the people that work for Walmart are much better at putting Shampoo on the shelf than those that worked at KMart?

Totally not the fault of the leadership of KMart that another company crushed them…it is all on the employees?

Some of that is absolutely true. The staff at In-n-Out and Chik-fil-a are much better than the staff at Wendy's and Popeyes. Why? Because they're paid better and are properly staffed is much of it, but I'd guess that they're better at their jobs as well.

 

[ZachJump]

Some of that is absolutely true. The staff at In-n-Out and Chik-fil-a are much better than the staff at Wendy's and Popeyes. Why? Because they're paid better and are properly staffed is much of it, but I'd guess that they're better at their jobs as well.

Well good thing those employees decided to offer competitive pay…just think about how screwed they would be if they decided to underpay themselves.

 

[globalhawk]

Wealth and income are different. We have an income tax at the federal level. We don't have a wealth tax.

The US created 2200 new millionaires in 2023.

There are now more than 5.5 millionaires in the US.
There are more than 9850 with investable assets over $100M.
There are 788 billionaires.

Get back to us when you give away half of your wealth. Wealth envy is greed.

Are you still trying to pretend you are in finance?

 

[globalhawk]

Easy, cut the tax on the middle classes to 8-14 percent

Or make the wealthy and corporations pay the same tax rate as the middle class.

 

[Bloody Run Hawk]

I'm pretty sure most of the libs on here were recently bragging how much money they were making in the stock market. They also mentioned all the big raises they were receiving and how great the economy is. Maybe you should share with the poors.

 

[noleclone2]

I'm pretty sure most of the libs on here were recently bragging how much money they were making in the stock market. They also mentioned all the big raises they were receiving and how great the economy is. Maybe you should share with the poors.

lol. Yes. Totally a libs problem.

 

[MichaelKeller99]

This is a great visual of what we are up against and perhaps the number 1 reason our county is suffering. It’s time for some 1950s tax tables and to make the super rich universally loathed and condemned as the selfish hoarders they are, not people to worship and praise.

View embedded media

Are you registered in the Communist Party or just like carrying water for them?

 

[Roncuba55]

Some of that is absolutely true. The staff at In-n-Out and Chik-fil-a are much better than the staff at Wendy's and Popeyes. Why? Because they're paid better and are properly staffed is much of it, but I'd guess that they're better at their jobs as well.

Because they don't hire crackhead ghetto losers. Pay is also a big factor. But having standards and enforcing them are big as well.

 

[ClarindaA's]

Or make the wealthy and corporations pay the same tax rate as the middle class.

I prefer the aggressive route

 

[HawkeyeShawn]

Easy, cut the tax on the middle classes to 8-14 percent

Do you really think we would see this from either party?

 

[ClarindaA's]

Do you really think we would see this from either party?

No, we need a middle class party. Restricts abortion to 18 weeks unless health issues, stronger on the border, legalize marijuana and tax it everywhere. A mix of Blue Dog democrats, normal people, and republicans who understand economics

 

[HawkeyeShawn]

No, we need a middle class party. Restricts abortion to 18 weeks unless health issues, stronger on the border, legalize marijuana and tax it everywhere. A mix of Blue Dog democrats, normal people, and republicans who understand economics

Where do I sign up?

 

[ClarindaA's]

Where do I sign up?

ClarindaA’s 2028

 

[NoWokeBloke]

Why are all you shitlibs poor? Nevermind, I know why. I never knew any smart people who were poor.

 

[noleclone2]

ClarindaA’s 2028

Oh chit. We might have a break through here!

 

[globalhawk]

I prefer the aggressive route

That's not aggressive. Making people pay what they actually owe in taxes is.

 

[ClarindaA's]

That's not aggressive. Making people pay what they actually owe in taxes is.

No, I want lower tax rates for mmiddle class, and 1958 rate for the wealthy

 

[globalhawk]

No, I want lower tax rates for mmiddle class, and 1958 rate for the wealthy

Okk ay

 

[ClarindaA's]

Okk ay

Figured you’d be on my side in this debate