Quote:
Originally Posted by boof
yea be afraid of communism because that's definitely why a third of the country is living in or near poverty
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Nah, fam, this ain’t it. 12.3%. Compared to 17.3% in Europe, 33.4% in Asia, 30.2% in South America, and 13.2% in Australia. Not bad. Obviously it can get better and that’s the goal. But let’s not pretend our country is suffering more so than the rest of the developed world.
https://poverty.ucdavis.edu/faq/what...-united-states
https://ec.europa.eu/eurostat/statis...cial_exclusion
http://povertydata.worldbank.org/poverty/region/SAS
https://www.cepal.org/es/publi***ion...ca-latina-2018
https://www.acoss.org.au/poverty/
Quote:
Originally Posted by boof
and 70% of workers have $1000 or less in the bank.
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This is an incorrect statistic, mostly due to you misrepresenting the study and the study itself has been discredited by economists and statisticians across the US because of its wording. The study was based on SAVINGS accounts and specifically discounted anybody if it wasn't specifically ALL in their savings account. Further attempts at this study asked if people could afford a sudden bill of $1,000 from their savings account specifically and that study was also discredited by economists.
Quote:
Originally Posted by boof
not the explosion of wealth hoarding billionaires over the last decade
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Regardless of your feelings on how they achieved their wealth, why do you care if the horde their own money? Also, what quantifies an explosion as a counting term? Also, how do you know there’s an increase of billionaires who are hording instead of investing? Do they publish their financial transactions somewhere? The answer is no. It’s a biased assumption and frankly poor taste of discussion.
Quote:
Originally Posted by boof
not all new income going to the top 1%
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All new income? All? First, generalization, yikes. Also, how does this account for the rapid increase of millionaires across the US? The 2017 study linked below stated nearly 9.38 millionaires in 2016, nearly a 70% increase from the same study done ten years prior. You’re pulling this stuff out of your ass and it smells like shit.
https://spectrem.com/Content_Press/S...e-3-22-17.aspx
https://www.investopedia.com/news/nu...nues-increase/
https://www.credit-suisse.com/corpor...port-2016.html
Quote:
Originally Posted by boof
not the longest stagnation of the federal minimum wage since it was created
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This is true. But perhaps not a bad thing. I’ve already posted a big post today so I don’t have time to get into Federal minimum wage and how it doesn’t work the way you think it works. All I will say is do some research on the economics of minimum wage and bring me some citation for a discussion.
Quote:
Originally Posted by boof
no not that
it's like you guys don't realize there's a finite number of money circulating down here
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When the supporter of Mr. Free Stuff for Everybody is going to talk about finite money, I’ve seen it all. That’s gonna be a yikes from me.