fragMasterFlash: 1 percent, 99 percent, you all wish you were hung like me.
Man On Pink Corner: It must drive people like Stiglitz apeshiat when someone actually does make something of themselves in this country.
NewportBarGuy: unyon: Income elasticity in the US now falls near the bottom of industrialized nations.Combine the population of the countries that "beat" us on that chart. Still not buying it. You can still make it here. It's the main reason we get so many immigrants. Not for the welfare, because they believe they can make it here.
WorldCitizen: Here's a decent start.Mobility in earnings across pairs of fathers and sons is particularly low in France, Italy,the United Kingdom and the United States, while mobility is higher in the Nordiccountries, Australia and Canada.
doglover: THAT'S WHAT SHE SAID!
Atomic Spunk: My dream is to be balls deep in an Asian chick while a white girl licks my nuts and a Latina girl shoves her butthole in my face for me to lick. It will happen one day. It's not a goddamn myth, OK?
SouthParkCon: Because capitalism is the root of all evil....
Fano: Gordon Sinclair offers a rebuttal
NewportBarGuy: You can still make it here. I
Ennuipoet: Joseph the country was founded by rich, white, slave holding aristocrats who restricted suffrage to their class.
Forbidden Doughnut: Fano: Gordon Sinclair offers a rebuttalThat speech is from 1973....
WhyteRaven74: Which the other countries aren't facing.
neongoats: I'm not sure where I was going with this, other than to sink home te point that this invented in the 50s "American Dream" crap has always only really applied to the people who already were mostly there from the start.
wildcardjack: /My only persistent dream is being passed by branches from evil faced cypress tree to evil faced cypress tree.//Since I was six.
neongoats: It's been half a century since we had nearly 100% employment.
NewportBarGuy: I'm pretty sure that most European countries are not seeing enviable wage growth right now
WhyteRaven74: we just have to change how think about things.
NewportBarGuy: neongoats: I'm not sure where I was going with this, other than to sink home te point that this invented in the 50s "American Dream" crap has always only really applied to the people who already were mostly there from the start.What helped immensely was several decades of rapid manufacturing growth fueled by the fact that most of the world was rebuilding from and repopulating after WWII. We had a very easy market to access.It's not as easy these days, and having our best and brightest focused on how to dismantle companies and send them overseas for the past few decades has really twisted the knife in our side.
fusillade762: [d2tq98mqfjyz2l.cloudfront.net image 500x342]/got nuthin'
JungleBoogie: SouthParkCon: Because capitalism is the root of all evil....Don't conflate capitalism, which is a very effective system at providing incentives and allocating resources, and crony capitalism, which is what we have today.
NewportBarGuy: I'm pretty sure that most European countries are not seeing enviable wage growth right now. Whilst I agree with you about our own problems, I fail to see some beacon in other countries. Brazil has issues with inflation. Europe has austerity, aside from Germany and the oil-rich Nordic nations.
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