Very interesting reading...recent massive data leak reveals some of how the ultra-rich hide their wealth. Far more at the link.
Is a leak really needed for this? A google search can show you how to hide your wealth offshore through agents. It can easily be done within a couple of days for most people. There's nothing particularly sophisticated or secretive about the process itself. Anyone on here who works as broker, dealer, investor, asset manager, etc as part of a firm would know how to do this by virtue of having to occasionally do KYC and CDD.
BBC- US income inequality at record high http://www.bbc.co.uk/news/world-us-canada-24039202 This won't shock most posters in D&D, but seeing concrete numbers again and again should remind us why America has become so divided and unable to agree for the sake of governing. When the ultra-rich and corporations, thanks to Citizens United, can have so much influence in our society, it's because of and also a result of the numbers here. An increasingly unequal America in income and wealth hurts most of us including Republicans, Democrats, and independents.
That's interesting. I demand justice. Let's take McDONALD'S as an example where the CEO make $9M while many makes the minimum working part time. If we take 100% the CEO's salary and distribute to all of the employees, that could make wealth distribution more equal right? So... What does the average employee gain assuming they all work 20/week? It's $21/year or $.01/ hr. Yeah, that would provide wealth equality.
Good ol' fail fail. Fail Uno First, this is wrong; the total yearly compensation package of McDonald's CEO, was closer to $13.7 million in 2012. Fail Dos; nobody serious is proposing that the way to limit inequality is to divide up CEO salaries by some arbitrary number;a far better way is to change the tax code/political/legal political system that's designed to perpetuate and increase it.
You're certainly right that coming up with stupid solutions won't solve the problem. But that seems to just say more about you and your critical-thinking abilities (or lack thereof) than anything else.
Ling ling, if you are going to be a shill for inequality, you must be able to do better than that silly defense. I suggest you at least peruse some of the common conservative and libertarian think tanks to spread their spin on this issue that they have been funded by the .01% to concoct.
Meanwhile, I am sure that you have some purely governmental solution in mind that ignores any other solution based in the structuring of businesses through modest regulation.
Why not just cut taxes for the rich to 0%. Then everyone would be motivated right? And then everyone could be part of the 1%! I mean, that's what I love about conservatives. They believe that 10% of the population could become part of the 1% of the population if only they were more motivated!!!!
Good god. High school reaction, Lou. Everything to the idiotic extreme. But yes, I do believe 99% of the population could be and have the chance for that 1%. If I didn't believe that I would either be dead or asking for change on some street corner by now. And it has nothing to do with getting to that 1% but everything to do with knowing I can. So I'm not hating others for what they have because in the end I wouldn't mind "having" also, but since I have an idea what its like being one heartbeat away from a cocaine induced death or being on the road for so long my own parents wouldn't recognize me or working the Whataburger window, I do know it took hope and a **** load of motivation to change my life around. And if that makes me a hated conservative in your eyes, fine.
the whole point is that you really can't, or at the very least, depending on your starting point, it will be much harder. which sorta ruins the whole point of fairness and equality of oppurtunity. This is policy failure at its' finest, and a perversion of the American Dream of social mobility (which should really be called the Danish Dream these days.) far be it from me to question your intuition, but being data-driven
Do you care at all if it's easier or more difficult to get to that 1% than it was 10, 20, 50, or 100 years ago? Is an economy better designed if it's easier to move into that group? Or is it all the same as long as it's theoretically possible?
It's relatively easy to get into the too 1%. Become a surgeon, a school superintendent, business owner, investor, golfer, basketball player, etc...
"Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires."
This one guy has an awesome Sig. "Don't ever let somebody tell you you can't do something". If you want to move up to the top 1%, you can. Don't recall who said that though.
