Income inequality

http://www.ocregister.com/articles/bana ... nment.html


"Mark Steyn: Next stop, banana republic



By MARK STEYN / Syndicated columnist


..."The CEO of Panera Bread, as some kind of do-gooder awareness-raising shtick, is currently attempting to live on food stamps, and not finding it easy. But being dependent on government handouts isn’t supposed to be easy. Instead of trying life at the bottom, why doesn’t he try life in the middle? In 2012, the top 10 percent were taking home 50.4 percent of the nation’s income. That’s an all-time record, beating out the 49 percent they were taking just before the 1929 market crash. With government redistributing more money than ever before, we’ve mysteriously wound up with greater income inequality than ever before. Across the country, “middle-class” Americans have accumulated a trillion dollars in college debt in order to live a less-comfortable life than their high school-educated parents and grandparents did in the Fifties and Sixties. That’s banana republic, too: no middle class, but only a government elite and its cronies, and a big dysfunctional mass underneath, with very little social mobility between the two."...

And after five years of the largest stimulus program with Keynesian spending and the Fed bailing out the banks.

FredHayek wrote: And after five years of the largest stimulus program with Keynesian spending and the Fed bailing out the banks.

Fred, sometimes you are too pithy. Does your comment relate to the OP?

He's compelled to respond to EVERY post--whether it's relevant or not.

It appears that despite record amounts of stimulus spending the rich just keep getting richer. One reason? The Fed's war on savers. If the middle class and poor keep money in savings they get almost no interest for it.

FredHayek wrote: It appears that despite record amounts of stimulus spending the rich just keep getting richer. One reason? The Fed's war on savers. If the middle class and poor keep money in savings they get almost no interest for it.

On the flip side mortgage rates are low freeing up more disposable income from salaries and loan interest rates are low.

After 5 years of complainers from both sides of our one sided govt structure looking to the govt to make their lives better, they have continued to prop up those in power and those with wealth in the name of mitigating the same.

Those that work hard and have earned skills are doing just fine. Those in the middle that think they are ok are pushing their govt to make this worse in the name of making things better and the truly desperate, well no one really ever cared about them, but boy are they great for marketing the movement of the money to the top.

When you stop asking your govts to fix problems they created for the most part, they will stop making them worse. It is pretty simple, we have been taught the lesson 10,000 times since this board was started....all we have to do is listen.

Nevermind, gun, rent and mind control will fix everything, just keep doing what you are doing and expect a big change.

America is the best, the best at falling for political marketing that never seems to produce the product they mention, just more funding for the marketing.

Bottom line, the money is out there, people just need to become more skilled at getting it without force. Those without the skills look to those with the monopoly on force to make it better, but they only have force, not solutions. Monopolies are bad and have the same effect when they are businesses or govts. - they remove your choice.

LadyJazzer wrote: He's compelled to respond to EVERY post--whether it's relevant or not.

archer wrote:

FredHayek wrote: It appears that despite record amounts of stimulus spending the rich just keep getting richer. One reason? The Fed's war on savers. If the middle class and poor keep money in savings they get almost no interest for it.

On the flip side mortgage rates are low freeing up more disposable income from salaries and loan interest rates are low.

It's also very hard to get one of those low interest loans unless you are someone who is less likely to need a loan.