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Can the US be a democracy when 5% of Americans own 95% of the weath?
http://multinationalmonitor.org/mm2003/03may/may03...
"...and the level of wealth inequality today is almost double what it was in the mid-1970s.
15 Answers
- Anonymous1 decade agoFavorite Answer
Hey michaelsan, looks like they just aren't "getting it"
The top five will figure it out when there's no one left to buy their cheap plastic crap and no one left to clean their toilets except the illegals. That's about the same time the folks on y/a will figure it out as well.
- ?Lv 45 years ago
because of the fact Obama hates united statesa.. He additionally desires to alter united statesa. right into a banana republic. i'm asserting this yet i'm valuable, in his own suggestions, he does not think of of it this type. He hates capitalism because of the fact he sees it as transforming into inequality between the persons who stay in this u . s .. He thinks that capitalism is what's keeping down the undesirable and allowing some human beings to alter into obscenely prosperous. He does not comprehend that it is the "obscenely prosperous" that are writing the paychecks for people who're keen to paintings to help their families and themselves. no one desires to be undesirable yet there'll continually be the lazy, the incompetent, the loopy, addicts, and others who can't or won't paintings. He hates the form (i'm valuable he does not experience that he does) because of the fact he's conscious it fairly is the mechanism that has allowed united statesa. to alter into the super and prosperous u . s . that this is. He sees it as allowing the grasping and prosperous to subjugate people who have not got any funds or capability. He trolls for choose among the elite of the international because of the fact he thinks that they coach the thank you to actual egalitarianism. (i'm valuable that there is a private choose to be acknowledged as super approximately this too.) Obama won't comprehend the destruction he's wrecking upon this u . s . till this is merely too previous due--or he, being so wrapped up in his own ego and insouciance, could never see it. even with the shown fact that, this u . s . is going to get replaced perpetually. The economy will disintegrate, employer will come decrease than the purvue of the federal government completely (fascism), and human beings would be divested of all the comforts and rights that they have got come to assume. Or it may desire to easily be that united statesa. will substitute into so susceptible that some foreign places capability will see it because of the fact the suited risk to wreck us fully. you will could come to a determination that's the kinder end for this as quickly as-super u . s ..
- billc4uLv 71 decade ago
yes it can be a democracy still it is only when the 5% that control 95% of the wealth use that wealth to buy influence within government that democracy gets waylaid
- Anonymous1 decade ago
It's ironic that emerging nations in Latin America and Asia are becoming more democratic and reducing the number of poor while the US is moving in the opposite direction. It's no coincidence that those countries economies are growing faster than ours. When will the wealthy ever learn that supply side economics doesn't work?
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- WhiteLv 51 decade ago
yes, it can. wealth inequity is not a problem, unless that inequity is created or exasperated by a government. if the wealth inequity exists within a truly free market system as a result of choices made by the people therein, then there is no problem. if you're trying to achieve wealth equity for all, only a government can do that and that level of equity would be low for all. it would be socialism/communism run amuk.
- Anonymous1 decade ago
What does Democracy have to do with money? You're free to accumulate all you can, if you have the power to. If you chose to work at Wal-mart for $10/hr, then you get what you deserve. If you don't try to work harder, get more education, then you won't get ahead. Some have an easier time of it, true. Some have their fortunes literally handed to them. Most of us don't. But it doesn't really have a thing to do with Democratic ideals, other than the freedom to accumulate wealth. The economic powers-that-be might make it more difficult, but there ARE those who can overcome it, and have. IT just takes brain power ( and freedom ). Can't do that in Socialist or Communist or Authoritarian countries.
- The Gremlin Guy -
- 1 decade ago
Yes. Democracy does not automatically mean placing a limit on the amount, or proportion, of wealth a person can accumulate.
- 1 decade ago
That's nothing to do with Democracy. That has to do with capitalism. Democracy is in the politics category. Capitalism is in the economics category. They are different entirely, and yet, endlessly tied - especially in our society.
You see capitalism at it's best when people refuse to pull over for an ambulance because they're worried about getting to work on time. (Plan ahead! Leave earlier!)
- 1 decade ago
Maybe that part of the Constitution which guarantees equality of financial success was left at the printers. In any event, it really is a heck of a document. You should read it some time!
- bravozuluLv 71 decade ago
Using communist ideology and class warfare to try to sound like defending democracy is hypocrisy at its worst.