There's no arguing the fact that income inequality is at record highs and that the middle class is shrinking - so why is that? Is it simple greed of a few? Is it policies that favor corruption? Is it wages not keeping up with inflation? what do you think contributes to this disparity and how do we fix it?
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But you are putting the cart before the horse. Corporations started out as small businesses, but gained their wealth by providing something that people want.
Most don't have an issue with gaining wealth, it's when the wealthy demand more and more and take more liberties for themselves that create problems. Profit, but why should tax payers for example subsidize walmart workers?
Everyone demands more, Christin, not just the rich. More is in demand.
If you have something against capitalism, I hear Obama is loosening restrictions to Cuba.
BizWhiz why the sarcasm? Unfettered capitalism is just as bad as unfettered socialism. The truth of the matter society needs both, but that's not what this question is about. Let's stay on topic shall we?
absolutely right about trickle down economics being ineffective, what can be done to turn the tides though?
All of the things mentioned play a role. However the biggest difference is some people never make adjustments to changes. Those who do thrive. We control our lives.
Life is 10% what happens to you and 90% how you react to it
- Charles R. Swindoll
While I agree a defeatist attitude helps no one, neither does the mindset of people not "bootstrapping" enough - it's hard to pull oneself up when you aren't even given bootstraps to pull on. education, wages, etc are declining.
You missed the point of the question.
The question isn't, "How does one get rich?" It's "Why are the rich getting richer and the poor getting poorer?"
Just because people want a more even playing field without a stacked deck doesn't mean they want govt. handouts so your peptalk is good for building wealth, but you still need people working in the businesses and they deserve living wages.
Zelkiro I think you missed my point. I said people are getting poorer because (they are NOT adjusting to changes).Anyone expecting to work 30 years at a company receiving steady raises and bonuses will likely get left behind. One can't relax!
RIGHT-ON answer. It is UP to the person to be what HE/SHE wants to be. Mr. Dashing, YOU are my PERSON. Smart, intelligent answer!
Thanks gmwilliams! ChristinS I wasn't talking about government handouts. I'm talking about expecting government to make life "fair". Government and business have always been in bed together. An individual has to look out for #1. That's my point.
Mr. Dashing, what you have stated about successful attitude is TRUE. The average person works frrom 9-5; the successful person works nonstop, finding ways to better his/her brand-HIMSELF/HERSELF. TOO MANY people DON''T want THAT responsibility!
Some people not wanting to play *your* game doesn't automatically make them losers. There is more than one game to play, and it will be interesting to see in the next decade which game ends up being the game of choice for society at large.
twodawgs, I never called anyone a "loser"! People who choose not to "play" simply cannot expect to reap the same rewards of those who do. My main point is the (individual) has more power over their own life than anything or anyone else.
The funny thing is that the complaints about pay inequality are usually about someone making too much money, not those making too little. Therefore their gov't solution is to take away from those making too much.
That about sums up the situation succinctly.This exemplifies the culture of anti-achievement/failure that's prevalent among the lower classes. It's analogous to D-F students hating on A students because the latter worked hard while the former DIDN'T!
Thanks G! I spent my younger years thinking that mediocre grades in school was good enough, but when I got mediocre returns, I was not happy. Eventually I grew up and applied myself. I realized one has to work harder to get more. Mediocre is not ok!
Nonsense, demonizing the working class as though they don't work hard enough. If not for working people corporations wouldn't be profitable..
I didn't demonize the working class.
And as for no working class, no corporations. If there were no corporations, there would be no working class, so it is symbiotic, don't ya think?
symbiotic yes, but corporations have become more and more greedy - pushing a once thriving middle class (which drives the economy) into the ground. Balance needs to be restored.
Ok, Christin. How do you suggest restoring balance. It seems you already know the answer or are you just shooting down ideas today?
That's exactly what my question was about and the ideas to explore. I think you missed the point of this question...
Umm, no. I think you missed the point OF a question. It is to get answers to something you don't know. You obviously just asked it to lure people here so you can tell them they are wrong.
I'm not going to argue with you Biz. I've asked and answered questions here for years on a variety of topics and it's never been a problem.
As much as I lament this, your observation is true enough.
You make many good points and it makes me wonder why we celebrate the kind of things we do, or glorify "success" that is earned by taking advantage of others.
Tom, you are right. It is about supply and demand.
HEY, THERE YOU GO! Great answer, rated an A!
Simplistic and focused only on self - sorry, not a good answer.
Simple, not simplistic. Focused on self? We can only control our own actions. Good answer? I am not sure, but it is reality, which is pretty much all we have. I haven't seen your solution yet or are you just dolling out complaints today?
Posing a question to ponder is not complaining - telling people "it's your fault" is simplistic - it's a societal issue in this country that hard work is undervalued stepping over everyone to get ahead is somehow noble or "successful".
So why did you ask this question, Christin? It sounds more like a loaded question to me. Next time you want only to those that think like you to answer, please put a disclaimer. Otherwise, sit back and learn.
You didn't answer the question BizWhiz and your sarcasm is not required. I'm happy to listen to ideas from others that don't agree with me when they have something meaningful to add. "lol keep your money for yourself" is not a meaningful answer.