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Questions to Liberals about wealth gap?
1. Would you agree the wealth gap in the present is the biggest it's ever been?
2. Would you also agree that government spending and intervention in the present is the highest it's ever been?
3. Would you agree government spending/intervention was the much smaller in 1913?
4. Do you think the wealth gap was bigger in 1913 than it is now or bigger now?
Hipster, causation is the few government regulators/overlords who hold the strings of power are easier for the rich to corrupt than the less rich. EG Goldman Sachs, JP Morgan, and other banksters in cahoots with the US Treasury and the Federal Reserve.
11 Answers
- Q48xLv 48 years ago
People in the wealth gap...there are more living better than in 1913. Guaranteed. Just look around...look at the kids...need I say more?
There will always be a wealth gap. GREED. The Rich get richer and poor get poorer...Guaranteed GAP.
Who's watching the Big Companies ie JP Morgan, the Electric GRID, etc. NOBODY...
The ration on Government Spending was smaller in 1913, so was the Government.
Na, the Wealth Gap isn't bigger, the opportunities are bigger.
It's a fact: Money talks.BS walks. Has always been that way...even in 1913 and 2013.
Hey the Gold at FT KNOX Has been GONE!
Source(s): ARMY BRAT - Anonymous5 years ago
1. probably not... the 1800s weren't so great for many... but just because something isn't the all time worst, it doesn't' mean it's good 2. I didn't agree with the first one... so this isn't "also"? but many states have actually been cutting gov. and spending... but the feds are still spending quite a bit... all time highs were probably around 2007 though, if I were a betting man... of course, if you adjust for the value of the dollar, WWII may have been higher.... I dont' know... 3. I would think that spending probably was smaller in 1913... just a guess... I wouldn't bet on it or anything 4. as you are bringing it up... I would have to assume that according to you, it was smaller... I have not looked at the numbers though... (also, numbers from so long ago can often be tricky as accurate studies were uncommon and often made many assumptions that are not allowed today) THE SIMPLE FACT IS... that overall wealth in 1913 was MUCH LESS than we have today... so that alone may have had a large impact on the gap...you have less of something overall, the less there is to go around, even to the rich... one of our biggest booms came in the 20s several years later... and then of course our post war and booms in the 80s and 90s... EDIT: if your theory is correct, then European nations should have even larger gaps... yet they are often much smaller? how does that work? if you have a gov. that feeds the corporate sector and focuses on that, then you may have a point... but if you have a gov. that helps the poor more... I think it can work... keep in mind that those who push for larger gov. also want to reform it's focus to a more European style...
- ArnieLv 78 years ago
The trouble with liberals is just that they know so much that isn't so.
The Liberal ideology is a theory , fostered by a delusional, illogical minority and which holds forth beliefs that have no basis in reality.
They are Advocates of a policy that empowers a strong federal government to enslave its people with a high tax burden incident to the support of extravagant and unnecessary social programs destructive to both the work ethic among the lower class, and the incentive to innovate and succeed among the working class.
"When the people find that they can vote themselves money, that will herald the end of the republic."
Liberals like to spend other peoples money!!
The problems we face today are because the people who work for a living are outnumbered by those who vote for a living.
@
- SeabiscuitLv 78 years ago
Facts are the rich have gotten richer since the 60's tax cuts began. Maybe the increased govt spending is an overcompensation for the stagnant wages and regressing standard of life in the working class. I read this "Capitalism hits the Fan" by Richard Wolff which I mostly forgot already.
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- CrocoduckLv 78 years ago
Actually, right before the great depression inequality was an extreme high, where the 1% were taking home about 24% of the income. Right before our current recession, it reached the same level.
Right before the great depression the rich were given huge tax cuts. Our current recession was preceded by huge tax cuts for the rich.
See a pattern here?
Source(s): http://www.washingtonsblog.com/2010/12/extreme-ine... http://visualizingeconomics.com/blog/2010/02/04/hi... - Anonymous8 years ago
1. The wealth gap has sharply risen ever since you installed your failed trickle down theory.
2. No, this is false. Government spending is at its lowest rate since Eisenhower currently.
3. 1913 has nothing to do with today. Your question assumes that this suddenly happened under Obama, when its been happening since Reagan.
- vrzzLv 68 years ago
Do you also agree that taxes in 1913 were much higher than they are now?
Do you also agree that wages have remained stagnant for years despite record profits for corporations?
Look. The problem/solution is not simple, but you can't completely blame everything on the government and choose to ignore other factors.
- Anonymous8 years ago
It's no coincidence that your selected questions come together at this time. They are all connected. There are very few true coincidences in life.
If in the US plutocracy US richclass are richer while government spending is blown out of control, then these are cause-effect factors. After all, you are a plutocracy...
US richclass corporate tears pour PUBLICLY like waterfalls when US government spending is cut. US richclass have no public shame at all that the bulk of their wealth is forced out of US working class tax coffers (as well as national indebtedness on the backs of US working class) (non-competitive sales in a “free” market). They sob all over the public news in duplicate and triplicate. It’s embarrassing…
http://www.reuters.com/article/2011/09/15/usa-debt...
"In addition to the proposals from Obama, Boehner and other lawmakers, the super committee members are hearing concerns from defense contractors, aerospace firms, healthcare providers and the pharmaceutical industry, who fear the impact of government spending cuts in their areas.
“Boeing, Lockheed Martin, Northrop Grumman, General Dynamics and other aerospace companies have launched a grassroots campaign to highlight their ties to the economy, and health insurers, drugmakers, hospitals and doctors are doing their own lobbying and encouraging patients to present their own concerns to super committee members."
http://www.reuters.com/article/2011/09/19/us-usa-d...
“Hospitals, drugmakers lash out at Obama deficit plan: The U.S. hospital and drug industries lashed out at provisions of President Barack Obama’s deficit reduction plan that would saddle them with more than $200 billion in federal healthcare spending cuts.”
- Anonymous8 years ago
libral government is well known for bettering our economy and saving money Labor/ Julia guillards party and infamouse for spending it and putting Australia in debt. Not just loosing money.
- Anonymous8 years ago
1. Yes - thanks to crony capitalism that favors the 1%
2. Yes - thanks to the bush-obama wars.
3. Adjusted for inflation, probably. Why 1913 though?
4. No.