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(The Atlantic)   The ever-widening gap between the rich and the super-rich   (theatlantic.com) divider line 165
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13202 clicks; posted to Main » on 16 Aug 2012 at 10:33 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-16 09:23:06 PM
Subby's mom has an ever-widening gap.
 
2012-08-16 10:22:07 PM
Those parasites sure do love their capital gains.
 
2012-08-16 10:37:03 PM
boisdejustice.com

But we do not need to go full Robespierre.
 
2012-08-16 10:37:46 PM
This should be rich...
 
2012-08-16 10:39:07 PM
For a second there I forgot that I live in a capitalist society and that everyone is entitled to the same freedom to earn as much income as they are able to work for. Perhaps the people without "enough" money should work a little more, a little harder, and a little longer. All I see them doing is complaining that everyone else is in the 1% and they somehow represent the 99%. Perhaps the fact that they failed their economics, finance, and math classes has something to do with the "widening" gap that exists between the people who have money, people who have worked for it, and the people who don't have money, the people who ask for hand-outs.
 
2012-08-16 10:40:30 PM
How many jobs does buying stock from another investor in order to reap dividends (or sell later) create?

I'm still unclear on this point. I'd be fine if your IPO investments were taxed at 15%. You're clearly investing in a company, at the ground floor, and they will use that cash to do whatever it is that company does, creating jobs to expand to meet demand. If I buy a thousand shares of Microsoft from the guy down the street, how the fark am I creating jobs? Microsoft doesn't see a cut of that, and it's likely that they're kicking me back dividends.

Anyone who uses the "job creator" euphemism should be asked, "How many jobs did you create last year with your investments?"
 
2012-08-16 10:40:32 PM
My wife has those tatoos on her left and right thighs. Ironic?
 
2012-08-16 10:40:50 PM
What the fark I'm poor I don't give a damn
 
2012-08-16 10:41:11 PM
White people probs.
 
2012-08-16 10:41:17 PM
What exactly is the bad part about wealth inequality? People feeling bad?

"Bill Gates makes $Brazilians for inventing the home computer! Break out the guillotines!"
 
2012-08-16 10:43:25 PM

Captain Dan: What exactly is the bad part about wealth inequality? People feeling bad?

"Bill Gates makes $Brazilians for inventing the home computer! Break out the guillotines!"


If only the majority of the super-wealthy got that way through honest hard work.
 
2012-08-16 10:44:54 PM
Yes, exactly... I'm part of the 1%, but I feel your pain, 99%! It's those .1%-ers that we should be going after!

/wait, no... they're reasonable people too. It's the .01%-ers who are the real assholes
 
2012-08-16 10:45:37 PM
Was there a point to that article?
 
2012-08-16 10:46:03 PM

whatshisname: Captain Dan: What exactly is the bad part about wealth inequality? People feeling bad?

"Bill Gates makes $Brazilians for inventing the home computer! Break out the guillotines!"

If only the majority of the super-wealthy got that way through honest hard work.


www.inquisitr.com
Sees what you did there.
 
2012-08-16 10:49:23 PM
"If only the majority of the super-wealthy got that way through honest hard work."

That's not an argument against wealth inequality, it's an argument against making money in unscrupulous ways. It's an inaccurate argument, furthermore, because nearly all of the super-wealthy earned their money fairly; if wealth were merely a result of being unethical, any schmoe could be wealthy. "They didn't earn it fairly" / "They don't deserve it" are the flimsy non-thoughts that precede "Therefore we can take it from them."
 
2012-08-16 10:50:08 PM

Theaetetus: /wait, no... they're reasonable people too. It's the .01%-ers who are the real assholes


We are the 99.9999999 percent!
 
2012-08-16 10:51:12 PM
I'm not sad.

accountingplustaxes.net
 
2012-08-16 10:53:24 PM
Paris Hilton is a favorite target for the resentful crowd, because she's rich, visible, and stupid. But if you want to prevent stupid or lazy people from becoming wealthy, tax the hell out of inheritance. She's an anomaly: more than half of the rich are first-generation rich.
 
2012-08-16 10:53:47 PM
 
2012-08-16 10:55:27 PM
y'all need to stop picking on the minorities
 
2012-08-16 10:57:58 PM

Captain Dan: "If only the majority of the super-wealthy got that way through honest hard work."

That's not an argument against wealth inequality, it's an argument against making money in unscrupulous ways. It's an inaccurate argument, furthermore, because nearly all of the super-wealthy earned their money fairly; if wealth were merely a result of being unethical, any schmoe could be wealthy. "They didn't earn it fairly" / "They don't deserve it" are the flimsy non-thoughts that precede "Therefore we can take it from them."


I still stand by my assertion that Dan Snyder needs to have his balls trampled by elephants.
 
2012-08-16 10:59:22 PM

ignite ice: For a second there I forgot that I live in a capitalist society and that everyone is entitled to the same freedom to earn as much income as they are able to work for. Perhaps the people without "enough" money should work a little more, a little harder, and a little longer. All I see them doing is complaining that everyone else is in the 1% and they somehow represent the 99%. Perhaps the fact that they failed their economics, finance, and math classes has something to do with the "widening" gap that exists between the people who have money, people who have worked for it, and the people who don't have money, the people who ask for hand-outs.


For a second there I thought you weren't a troll. Either way, good job ignoring the massive difference in tax. Rmoney pays 13% (or so he claims). People with 1/1000th the net worth pay double that. Yes, that's one thousandth. Why can't he pay his fair share?
 
2012-08-16 11:01:07 PM

ignite ice: For a second there I forgot that I live in a capitalist society and that everyone is entitled to the same freedom to earn as much income as they are able to work for. Perhaps the people without "enough" money should work a little more, a little harder, and a little longer. All I see them doing is complaining that everyone else is in the 1% and they somehow represent the 99%. Perhaps the fact that they failed their economics, finance, and math classes has something to do with the "widening" gap that exists between the people who have money, people who have worked for it, and the people who don't have money, the people who ask for hand-outs.


Quiet Mitt!
 
2012-08-16 11:02:27 PM
Oh noes subby, your mom in the Boobies!
 
2012-08-16 11:02:48 PM

CygnusDarius: [boisdejustice.com image 579x542]

But we do not need to go full Robespierre.


THIS!!
 
2012-08-16 11:04:27 PM

Bashar and Asma's Infinite Playlist: Theaetetus: /wait, no... they're reasonable people too. It's the .01%-ers who are the real assholes

We are the 99.9999999 percent!


specials-images.forbes.com
"In this vial is the amount of tears I've shed for you."
 
2012-08-16 11:04:53 PM
Damn! His yacht is 17" longer than mine and has a bidet.
 
2012-08-16 11:05:06 PM

Captain Dan: What exactly is the bad part about wealth inequality? People feeling bad?

"Bill Gates makes $Brazilians for inventing the home computer! Break out the guillotines!"


Bill Gates makes money because he managed to create an object that everyone can use. Most rich people however have never actually accomplished anything they simply inherited money from an already rich family and then used that money to exploit a system that they and their predecessors helped to break.
 
2012-08-16 11:05:14 PM

ignite ice: For a second there I forgot that I live in a capitalist society and that everyone is entitled to the same freedom to earn as much income as they are able to work for. Perhaps the people without "enough" money should work a little more, a little harder, and a little longer. All I see them doing is complaining that everyone else is in the 1% and they somehow represent the 99%. Perhaps the fact that they failed their economics, finance, and math classes has something to do with the "widening" gap that exists between the people who have money, people who have worked for it, and the people who don't have money, the people who ask for hand-outs.


Except for the fact that the "stupor rich" are STEALING from you, SHYTHEAD!
 
2012-08-16 11:06:56 PM

Bashar and Asma's Infinite Playlist: How many jobs does buying stock from another investor in order to reap dividends (or sell later) create?

I'm still unclear on this point. I'd be fine if your IPO investments were taxed at 15%. You're clearly investing in a company, at the ground floor, and they will use that cash to do whatever it is that company does, creating jobs to expand to meet demand. If I buy a thousand shares of Microsoft from the guy down the street, how the fark am I creating jobs? Microsoft doesn't see a cut of that, and it's likely that they're kicking me back dividends.

Anyone who uses the "job creator" euphemism should be asked, "How many jobs did you create last year with your investments?"


I imagine that guy bought his shares from Microsoft. Microsoft could then use that money to develop high quality innovative and bug free code. I imagine that Microsoft must pay those coders.
 
2012-08-16 11:08:36 PM
Why are some people so obscenely rich?

Because the rest of us are just that stupid.
 
2012-08-16 11:09:26 PM

Anenu: Bill Gates makes money because he managed to create an object that everyone can use.


dylan.tweney.com
 
2012-08-16 11:09:30 PM
Did you know if you were to take all incomes and capital gains earned in this country and share them relatively even, every worker could be paid around $250,000? and the richest among us would still be millionaires several times over. Think about that for a second. I'm on phone otherwise I'd post a link. Reference the xkcd money chart. It has a decent explanation.

http://slacktory.com/wp-content/uploads/2011/11/household-income-chart .jpg
 
2012-08-16 11:11:20 PM

there their theyre: Did you know if you were to take all incomes and capital gains earned in this country and share them relatively even, every worker could be paid around $250,000? and the richest among us would still be millionaires several times over. Think about that for a second. I'm on phone otherwise I'd post a link. Reference the xkcd money chart. It has a decent explanation.

http://slacktory.com/wp-content/uploads/2011/11/household-income-chart .jpg


And on the way to the gym ? Better hurry.
 
2012-08-16 11:11:21 PM

Nutsac_Jim: Microsoft could then use that money to develop high quality innovative and bug free code.


dubsism.files.wordpress.com
 
2012-08-16 11:11:29 PM

Anenu: Bill Gates makes money because he managed to create an object that everyone can use. Most rich people however have never actually accomplished anything they simply inherited money from an already rich family and then used that money to exploit a system that they and their predecessors helped to break.


That's not true - the majority of the rich are first-generation rich - and it's not an argument against wealth inequality, but against (1) inheritance and (2) making fortunes without doing things that benefit society. Both of which are better topics for discussion than the envious tropes about the "undeserving" wealthy.
 
2012-08-16 11:11:39 PM
OK IGNORANT ICE, look at your pay stub, calculate YOUR taxes, Mitt payed !3%, I paid 26% on 38,000K with NO benefits, last year, is that fair?

F U !

You be a baller, YO!
 
2012-08-16 11:13:19 PM

Nutsac_Jim: I imagine that guy bought his shares from Microsoft. Microsoft could then use that money to develop high quality innovative and bug free code. I imagine that Microsoft must pay those coders.


The guy down the street could have possibly bought his shares directly from the company. I'd like to see him take a lower tax burden for investing in a risky yet ultimately beneficial pursuit, for which Microsoft probably hired a few more coders. I didn't do any of that. I bought my shares off him in order to collect dividends before dumping the stock. My neighbor did something that benefited the country. I juggled money around and pushed paper.

We should not be taxed at the same rate on those sales.
 
2012-08-16 11:14:01 PM

mudpants: there their theyre: Did you know if you were to take all incomes and capital gains earned in this country and share them relatively even, every worker could be paid around $250,000? and the richest among us would still be millionaires several times over. Think about that for a second. I'm on phone otherwise I'd post a link. Reference the xkcd money chart. It has a decent explanation.

http://slacktory.com/wp-content/uploads/2011/11/household-income-chart .jpg

And on the way to the gym ? Better hurry.


Wtf does going to the gym have to do with anything. Yes, I know of JFP 26 minutes guy...
 
2012-08-16 11:14:40 PM

CygnusDarius: [boisdejustice.com image 579x542]

But we do not need to go full Robespierre.


Do you know where the revolution went wrong? When they started killing people, namely the king. The king was actually sympathetic to the revolutionaries in many respects.

So no. No guillotines. Jail, perhaps.
 
2012-08-16 11:15:26 PM

Theaetetus: Bashar and Asma's Infinite Playlist: Theaetetus: /wait, no... they're reasonable people too. It's the .01%-ers who are the real assholes

We are the 99.9999999 percent!

[specials-images.forbes.com image 620x434]
"In this vial is the amount of tears I've shed for you."


Gates is not the problem

I wish more super wealthy people were like him.
 
2012-08-16 11:20:30 PM

Theaetetus: Anenu: Bill Gates makes money because he managed to create an object that everyone can use.

[dylan.tweney.com image 600x414]


You forgot "Clippie." Clippie must die!
 
2012-08-16 11:21:00 PM
Yeah, it's not guys like Bill Gates who give the impression of being jerks who trample you, steal from you, and take your lunch money to their banks.

It's more a matter of how everyone else is asked to sacrifice so that the boss can take an extra trip to Hawaii, which is obviously much more important than employees' compensation. If you're already making 30 times as much money as everyone else while doing half as much work, you'd best not be a jerk about it.

If you've ever worked for someone who found a loophole in order to cancel your health insurance without even telling you, just to save money, then you see the kind of behavior that breeds resentment. (Yes, a company did that to me once. They knew I was going to grad school the following year, so they secretly reclassified me as "part-time" and cut my health insurance. I didn't find out until I got sick and needed antibiotics. I quit the next day. I'm well-off now, thanks.)

It's not that people have money. It's that they act as though you're so lucky to have a job that they can try to force you to get used to having less and less and thanking them for it, while they get richer.
 
2012-08-16 11:21:09 PM
"I worked hard to inherit my daddy's money." - Assholes
 
2012-08-16 11:22:26 PM

The All-Powerful Atheismo: CygnusDarius: [boisdejustice.com image 579x542]

But we do not need to go full Robespierre.

Do you know where the revolution went wrong? When they started killing people, namely the king. The king was actually sympathetic to the revolutionaries in many respects.

So no. No guillotines. Jail, perhaps.


Well, I guess I can dump my idea of making my own idea of making a newspaper and write articles while I'm in the bathtub.
 
2012-08-16 11:22:38 PM

Captain Dan: Bill Gates makes $Brazilians for inventing the home computer!


Wat

Wat95

MS-WAT 3.3
 
2012-08-16 11:22:58 PM

balial: ignite ice: For a second there I forgot that I live in a capitalist society and that everyone is entitled to the same freedom to earn as much income as they are able to work for. Perhaps the people without "enough" money should work a little more, a little harder, and a little longer. All I see them doing is complaining that everyone else is in the 1% and they somehow represent the 99%. Perhaps the fact that they failed their economics, finance, and math classes has something to do with the "widening" gap that exists between the people who have money, people who have worked for it, and the people who don't have money, the people who ask for hand-outs.

For a second there I thought you weren't a troll. Either way, good job ignoring the massive difference in tax. Rmoney pays 13% (or so he claims). People with 1/1000th the net worth pay double that. Yes, that's one thousandth. Why can't he pay his fair share?


I call utter bullshiat on your claim. if they have a net worth of 200,000 then there is no way they are paying 29% income tax rate.

even if he made 200,000 per *year*, and he was the most retarded tax filer on the planet, he would be paying 25%, Please find me one person in the country that is paying 25% tax on 200k per year.
 
2012-08-16 11:23:17 PM

there their theyre: mudpants: there their theyre:

Wtf does going to the gym have to do with anything. Yes, I know of JFP 26 minutes guy...


It was dropping all the keywords, we like you and are all very impressed. Are you sitting in a bathtub full of money right now ? Were'nt you in a hurry?
 
2012-08-16 11:24:04 PM

Linkster: OK IGNORANT ICE, look at your pay stub, calculate YOUR taxes, Mitt payed !3%, I paid 26% on 38,000K with NO benefits, last year, is that fair?

F U !

You be a baller, YO!


And yet, Mitt's 13% paid is more than you'll make in 10 lifetimes compared to your 26%. BUT WE NEED MOARRRRRRRRRRR OF THEIR MONEY, MOAR. GIMME GIMME I'M OWED THEIR MONEY.

Baller, indeed.
 
2012-08-16 11:24:53 PM

s1ugg0: Theaetetus: Bashar and Asma's Infinite Playlist: Theaetetus: /wait, no... they're reasonable people too. It's the .01%-ers who are the real assholes

We are the 99.9999999 percent!

[specials-images.forbes.com image 620x434]
"In this vial is the amount of tears I've shed for you."

Gates is not the problem

I wish more super wealthy people were like him.


Oh, I know. He's pretty awesome. Actually, so are several of the super-uber rich. It's just that he's number one, so it goes with that 99.999999 percent bit.

Honestly, it seems it's the 1%-.001% who are the assholes. In some ways, being in the middle of the totem pole makes them shiat even harder on the people below them. There was even a story a month or two ago (on Salon maybe?) with a journalist who interviewed six people across six orders of magnitude of income. The people who were at number two and three were the biggest douchebags, with number two being the worst by far.
 
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