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View Full Version : This is why #Occupy started



Gerarddm
10-26-2011, 01:33 PM
http://abcnews.go.com/Business/income-doubles-top-percent-1979/story?id=14817561

Paul Pless
10-26-2011, 01:35 PM
cause its just so easy to hate rich people

Keith Wilson
10-27-2011, 07:08 AM
Agree or disagree, OWs is not "astroturf" and it's not paid for by anyone. If you look at the real numbers, they've got an excellent point.

http://www.paulmoreno.us/wp-content/uploads/2011/02/Income-change.bmp

US Gini coefficient, the basic measure of inequality. 0 means everybody makes the same, 100 means one person has all the income.

http://images.huffingtonpost.com/2010-10-15-saenz.jpg

Canoez
10-27-2011, 08:30 AM
Agree or disagree, OWs is not "astroturf" and it's not paid for by anyone. If you look at the real numbers, they've got an excellent point.

http://www.paulmoreno.us/wp-content/uploads/2011/02/Income-change.bmp

US Gini coefficient, the basic measure of inequality. 0 means everybody makes the same, 100 means one person has all the income.

http://images.huffingtonpost.com/2010-10-15-saenz.jpg


Ok, curiosity question : What really changed in the late '70's and early '80's to make this inequality grow so significantly? I'm sure there were some Reagan era laws there that were continued by later administrations, but what?

Canoez
10-27-2011, 08:41 AM
Sorry, don't see the connection - First, it was in the Nixon era that this happened. While I don't think that the result of most legislation is "instant" it seems to lag Nixon taking us off the standard by quite a bit.
Second, one would think that it would effect the currency of all individuals at all financial levels in relatively the same way. We're talking income inequality, not wealth inequality. Those who have been investing in things other than "cash" investments always seem to have the opportunity to make more money.