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Three Richest Americans Now Own More Wealth Than Bottom Half of US Combined: Report


#61

Nah, it’s definitely “hang the rich.”


#62

Why don’t you go spew your right wing puke over at brietfart where they’re more apt to believe it.


#63

Excellent retort, Holy.


#64

Yes, they are instructed to be “obedient.”


#65

Yep, sounds like you definitely like the Nordic states better than where you are…might want to consider moving there. But then, why are people flooding into the US? What aren’t they going to the Nordic states? BTW, it appears not all is rosy-pink in those states. While there are pros and cons of each place, the simple solution is to move there if you like it better. Nothing is 100% perfect. It’s best when you go to where you think you are/will be the happiest.


#66

When you can’t back your position with facts, you attack the person…so sad and typical…


#67

I refuse to do research for you. If you want a factual account of how international capitalists do their bidding, destroy economies and people’s lives, read “Confessions of an Economic Hitman.” To make it really easy for you, the pdf is available online. The updated version is, “New Confessions of an Economic Hitman.”


#68

The argument is simply whether capitalism or socialism or even which combination of the two works the best, not which country has the best system at this point. Capitalism is based on ever increasing growth and as such leads invariably to violence against the environment as well as each other as we live on a finite planet with limited resources. As such it is simply unsustainable. Unless we utilize a system based on cooperative action that recognizes the worth and value of all living things we are doomed. Socialism does that much better than its opposite.


#69

So, when do you think growth should stop, and how? If it weren’t for capitalism, you and I wouldn’t be here. The internet is much more controlled in many socialist states…


#70

Somebody handy can maybe draw up a map like Sarah Palin’s revealing the location and vital details of the top 20. Maybe that would help change the tone.


#71

Commentators in mainstream media often say that “nobody thinks it’s wrong to get rich”. Most say that billionaires “earned” their billions, as if it makes any sense from any perspective (moral, economic, social, etc.) that teachers and nurses and soldiers “earn” thousands and business owners “earn” billions.

Forget about elections being rigged. The economy is rigged. It’s a winner-takes-all, owner-takes-all economy.

Why would anyone advocate for an economic system that offers a literal handful of persons everything and the working class masses a life of diminishing wealth and security.

It’s not working.


#72

Play that album every few months on vinyl.


#73

Balanced growth is what matters. Growth that respects nature and people
without being destructive. Whether we thank capitalism for the internet
does not matter if that same capitalism leads to destruction of the society
that gave it birth. Capitalism is about domination of others and while the
winners will enjoy the benefits temporarily ultimately it fails in a grand
and horrible manner.


#74

Let me get this right, with 200 years of capitalism, the US has been successful, but yet, how many socialist societies have failed in those 200 years. Capitalism has lifted way more people from poverty than socialism. Not to mention how the US has come to the aid of people that suffered in natural disasters. Haven’t seen any socialistic countries that have helped there any way close to the US’s help.
So with the record of capitalism against socialism thus far, the success rate seems to heavily on the side of capitalism.


#75

excuse me, you are correct, looked up the lyric’s…sorry


#76

Actually the U.S. comes in near the b bottom of the wealthiest countries in terms of both disaster relief and economic development aid as a percentage of GDP or on a per capita basis. In terms of aid per capita we give about 1/6th of what the top countries (Norway and Denmark) give. In terms of development assistance, the United Nations sets a goal of 0.7% of Gross National Income. The U.S. comes in at around 0.2%. The countries that do meet the U.N. guidelines? Denmark, Luxembourg, Norway, Sweden and the United Kingdom (Germany and the Netherlands are right or barely below the target level ). Each of those economies are more Socialist than our own in terms of delivery of essential needs.


#77

Venezuela is failing because of the reasons stated by my co-poster kajsa52. In addition to that Venezuela, the oil richest nation in the world, attempts to abandon the Petro Dollar, the Holy Grail of American economy. Other states have tried that (Libya, Iraq) and we all know what happened there.


#78

The American Dream was a lie. At some point soon we all will have to get up from behind our computer screens and let our fingers/hands do a different kind of “typing”…or we’re gonna be swallowed up by the abyss that is fascism.


#79

Cool man. Now you are channeling Trump. Everyone, let’s have a shout out to our Libertarian troll JonZ. By the way, why are you wasting your time and energy on a progressive site, since you clearly don’t have a progressive bone in your body? And then you try and back up your beliefs by posting propaganda from the Cato Institute about living standards in the USA. What a joke. Ha, ha, ha. No one is buying your libertarian nonsense around these parts.

For those who don’t know about the Cato Institute: The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries.


#80

Most rich people inherited their wealth. Trump being a good example. Koch brothers another. They may have built on that to get richer - usually by not paying their employees well - or Trump by not paying his contractors.