Will The US Become The Next Banana Republic?
 

The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.

C.E.O.?s of the largest American companies earned an average of 42 times as much as the average worker in 1980, but 531 times as much in 2001. Perhaps the most astounding statistic is this: From 1980 to 2005, more than four-fifths of the total increase in American incomes went to the richest 1 percent.

Full article here...

http://www.nytimes.com/2010/11/07/op...stof.html?_r=1

i'm just waiting for slavery to come back...

the only difference is that this time we will have white, black, and brown slaves...

its going to be awesome.... :thumbsup





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the numbers are disproportionate because for the last 50 years we've paid for the least of us to breed.
Our problem isn't that the best of us are too successful, its that the least of us are multiplying beyond their own means.
give it another 30yrs. it will balance out.

we can't lower ourselves to the worst common denominator.
The US is better than that.

The C.E.O. will make more money. The President of a company needs to be able to multi task all the different tasks of the business. The C.E.O. needs to know every little thing about the operation of the business. A person can try to micromanage every different aspect of the business operations. This is not easy. It is a difficult job. The C.E.O. can make five times more money, because the C.E.O. does the thinking and working of five people. Think about a person with eight hands talking on eight telephones at the same time. Good luck with your company!

http://images.google.com/images?q=tb...tal_kombat.png

It is funny they do not realize it is because of the welfare state that the gap is widening. 5 generations of people leeching the system with no motivation to get off the system will enlarge that gap and that gap will be greater the more people get on welfare and the more that never pay a dime into the tax system and just take take take.

Then that transfer of wealth to the bottom causes everyday items to inflate in price causing the middle class to shrink and the rich to grow. But simple understand of economics is needed to grasp that.

Probably wouldn't be all that bad if everybody in the US started dressing like a Martha's Vineyard douchebag
http://consumerist.com/images/resour.../05/banana.jpg

That's true but OTOH it's easier to make money when you have money. Starving poor people often end up working 12 hours a day to barely afford housing and food with no time for anything else. Either that or they go on welfare and just stay home. I guess that's the problem, which one would you do? We need to remove "Hand outs" and replace them with a "Hand Up". For the struggling middle class we need a "Helping Hand" (No Handjobs :1orglaugh) to keep them from falling when times get tough. The bailouts should have went to the middle classes, not the upper classes. That money would have served that function and most would have eventually ended up in the same place anyway. Though some of it would make a difference for the average Joe.

I am pretty sure you have started this same thread about 5 times in the last two days. I hope you get paid well for your tireless propaganda efforts on GFY. :1orglaugh

Never really worked in a bog corporation have you.

Wow.