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Thank you very much
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I saw Bernie's speech last night on Fox. He was saying that the top 1 percent own 90 percent of the wealth. My question is what is the dollar value of that 90 percent of wealth? Tried googling but only seeing percentages, and not actual figures.
 

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Yes I'm looking for facts to help me disprove to others Bernie's fantasy land ideas.
See if this helps:

http://www.politifact.com/wisconsin...-sanders-madison-claims-top-01-americans-hav/

"The top 0.1 percent was composed of 160,000 families with average wealth of $72.8 million. All told, they owned 22 percent of the nation’s wealth.

Meanwhile, the bottom 90 percent -- 144 million families with average wealth of $84,000 -- owned only 22.8 percent of the wealth."
 

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I'd focus on the intelligence gap if I was Bernie since he is an honest dude. I honestly believe that most wealth disparity is caused by intelligence, motivation, skill, and determination disparity. That is something the left never mentions so as to not anger their paid victims.

#Votes from dysfunctional and stupid people matters
 

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I don't think....so
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Yes I'm looking for facts to help me disprove to others Bernie's fantasy land ideas.
its tough to convince someone, who thinks income redistribution is a good thing, that NOT doing it is a good thing. Mostly because it involves other people they don't know and don't care about. Really, most people don't give a rip if a billionaire gets 800 million taken from him/her by .gov because, after all, he/she still has 200 million!

I like the argument to my Bernie supporting friends that points out that everything they own, enjoy, want to buy and use was created by capitalism. Not one single thing has ever been created by a socialist that didn't involve redistribution. True socialism is incapable of building, inventing, growing ANYTHING that was not first created by the engine of capitalism.

The dirty little secret: socialists exist because capitalism did something.

Good luck!
 

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“When the people find that they can vote themselves money that will herald the end of the republic.”

― Benjamin Franklin

That is Bernie's primary goal, along with the Democratic Party. It is why you will get zero traction debating liberals and Democrats about income inequality. Democrats, including Bernie, have dedicated their entire effort at cultivating "paid" voters.

You might be better off asking your Democratic friends this...

What would you rather do... risk everything, kill yourself working and studying, put in long hours, fall flat on your back and fail only to get up again and again, and maybe become one of the 1%, all the while paying taxes to support those who pay none. Or let the Democratic Party take care of you from womb to tomb?
 

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Total Net Worth held by individuals is about $80 to $90 Trillion dollars. It is going to fluctuate day by day, year by year. Stocks, bonds, commodities, material good, real estate all vary daily in value.

Net Worth is a bit different than wealth. Wealth also includes income, and to some degree ability to produce income in the future. It there are also a number of intangibles in "wealth".


BS Bernie...! What can one say.
 

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Let's put it this way...

At no point in history have Conservatives (not Republicans, they were NOT always conservative) been on the correct side of a huge public policy debate. They were against the US rebellion, against the abolition of slavery, against women's suffrage, against desegregation, against gay marriage, and the source of many different waves of xenophobia.

Just like all of those debates, history will look back on the Conservatives of today and say, "what the hell was wrong with you people"? They will wonder why you all thought it was OK for folks to hoard the wealth they currently do and fund campaigns with as much cash as they care to spend. They will wonder why you called these people "job creators" with such reverence. They will wonder why you thought it was a good idea to allow insurance companies to profit from healthcare while providing zero benefit to society. They will wonder why you thought it was a good idea to de-fund public schools so only the rich could send their kids to private schools and college.

Conservatives have always been wrong, and nothing is different today.
 

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Prepared
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Come off it. We have income redistribution. Taxes, rent, tithe, warfare, government contracts, military industrial complex, trade and labor restrictions, illegals, foreign visa's, off-shoring to COMMUNIST China. The system which produced the top minority owning/controlling most of the world's wealth is hardly a product of free-market capitalism.

It's ridiculous, and rings hollow, that paid bloggers fail to admit any of this. In their hypocrisy, they ignore the reliance on communist labor and agreements with that nation's government to enrich themselves.

But when the average man asks for a little of that his way, you call it socialism and therefore evil. Pot calling the kettle black, and you know it.

its tough to convince someone, who thinks income redistribution is a good thing, that NOT doing it is a good thing. Mostly because it involves other people they don't know and don't care about. Really, most people don't give a rip if a billionaire gets 800 million taken from him/her by .gov because, after all, he/she still has 200 million!

I like the argument to my Bernie supporting friends that points out that everything they own, enjoy, want to buy and use was created by capitalism. Not one single thing has ever been created by a socialist that didn't involve redistribution. True socialism is incapable of building, inventing, growing ANYTHING that was not first created by the engine of capitalism.

The dirty little secret: socialists exist because capitalism did something.

Good luck!
 

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Heliphobe
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Let's put it this way...

At no point in history have Conservatives (not Republicans, they were NOT always conservative) been on the correct side of a huge public policy debate. They were against the US rebellion, against the abolition of slavery, against women's suffrage, against desegregation, against gay marriage, and the source of many different waves of xenophobia.
... except that the Republican Party did not exist at the Revolution, unless you are talking about the Civil War, in which case they were in the North.

... except that the Republican Party was founded expressly for the purpose of blocking the expansion of slavery into the territories, and was largely supported by northern abolitionists. Lincoln was a Republican.

... except that it was the Republicans who introduced the 19th Amendment giving women the vote, against furious Democrat opposition well documented over 40 years, and only finally passed it after Republicans won a majority in both houses.

... well you either get the point, or you're bitterly clinging to a false narrative in spite of facts.
 

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Time to melt snowflakes!
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But when the average man asks for a little of that his way, you call it socialism and therefore evil. Pot calling the kettle black, and you know it.
So how much of my paycheck do you want? :mad:

I hear this type or argument all of the time, usually from someone who is envious of what another person has. You either want to spend another person's money or want some of that money yourself.
 

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I don't think....so
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Come off it. We have income redistribution. Taxes, rent, tithe, warfare, government contracts, military industrial complex, trade and labor restrictions, illegals, foreign visa's, off-shoring to COMMUNIST China. The system which produced the top minority owning/controlling most of the world's wealth is hardly a product of free-market capitalism.

It's ridiculous, and rings hollow, that paid bloggers fail to admit any of this. In their hypocrisy, they ignore the reliance on communist labor and agreements with that nation's government to enrich themselves.

But when the average man asks for a little of that his way, you call it socialism and therefore evil. Pot calling the kettle black, and you know it.
Bernie is a self proclaimed socialist. Which part of that is difficult to understand?

Not once did I say there are not ills associated with capitalism...not once however it absolutely is fair to say that true socialism BUILDS NOTHING. and not once has a paid lefty blogger been able to point to a single thing socialism creates or builds independent of an underlying capitalism based engine. Not a product, not a building, not a city...nothing.

You enjoy the fruits of capitalism while proclaiming it evil and you know it.
 

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People Are Not Good
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I saw Bernie's speech last night on Fox. He was saying that the top 1 percent own 90 percent of the wealth. My question is what is the dollar value of that 90 percent of wealth? Tried googling but only seeing percentages, and not actual figures.
Your gonna try to convince a Sanders liberal with economic data? Did I read that right?
 

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Premium Member
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See if this helps:

http://www.politifact.com/wisconsin...-sanders-madison-claims-top-01-americans-hav/

"The top 0.1 percent was composed of 160,000 families with average wealth of $72.8 million. All told, they owned 22 percent of the nation’s wealth.

Meanwhile, the bottom 90 percent -- 144 million families with average wealth of $84,000 -- owned only 22.8 percent of the wealth."
If my math is right that comes to 11.648 trillion.
Divided by the annual government spending of 3.5 trillion a year.
The ultra rich could only fund the government 3.33 years. If you plundered all their wealth, not just their income.
I am disappointed in how little wealth the rich has! They are not going to be able to support us, very long!
When the "great plunder" begins, we will burn through all that wealth in 5 to 10 years.
And then we will all, be eating chicken feed, instead of chicken.
Maybe we should fatten the rich up a bit more before the slaughter.
 

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Let's put it this way...

At no point in history have Conservatives (not Republicans, they were NOT always conservative) been on the correct side of a huge public policy debate. They were against the US rebellion, against the abolition of slavery, against women's suffrage, against desegregation, against gay marriage, and the source of many different waves of xenophobia.

Just like all of those debates, history will look back on the Conservatives of today and say, "what the hell was wrong with you people"? They will wonder why you all thought it was OK for folks to hoard the wealth they currently do and fund campaigns with as much cash as they care to spend. They will wonder why you called these people "job creators" with such reverence. They will wonder why you thought it was a good idea to allow insurance companies to profit from healthcare while providing zero benefit to society. They will wonder why you thought it was a good idea to de-fund public schools so only the rich could send their kids to private schools and college.

Conservatives have always been wrong, and nothing is different today.
And what does history say of the Socialist Left?:rolleyes:

Everything Govt. touches is a complete disaster and denying that only serves to promote laughter.
 

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Bernie, socialism and redistribution

Bernie isn't wrong about the way that wealth is now controlled by fewer and fewer people. I'm in my 50's, a business owner most of my life, and a conservative. I don't think that there is a single example of socialism working long-term in any nation without problems of funding the ever growing societal need.

BUT, we now have billionaires being created not because of "hard work", but because of the ability to leverage an idea and scale it globally. 10, 20 years ago, that was all but impossible. I'll use Google as an example. A couple of guys decided that a FREE product, google search, could end up being worth a large payday due to the visitors coming back over and over again, and literally telling the search engine what their interests were. Add advertisers looking for said searchers, and you have the perfect advertising vehicle. A global advertising vehicle.

Problem is, when wealth is created without the old ways of doing things, building factories, expanding cities, roads, government, that wealth has no where to go, again, compared to what we've seen wealth do in past decades.

The only problem that I see today is the favoritism government provides certain industries / businesses (EXIM Bank, 90% of which gives Boeing leverage to sell their jets abroad), homeowner tax deduction, where a homeowner gets a benefit that their poorer counterpart who rents does not get for exactly the same expense, and there are 100's of other examples. So the older our nation grows, the more special carve outs are created, and the more likelihood that wealth drifts up and not down due to this government leverage / power / control. So while our society needs everyone to prosper, fewer and fewer are today for these and other reasons outside the "hard work" and intelligence factors.
 

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Lets see: John Davison Rockefeller, the son of a traveling salesman, was born on July 8, 1839, in Richford, New York. Industrious even as a boy, the future oil magnate earned money by raising turkeys, selling candy and doing jobs for neighbors.

Collis Potter Huntington was born in Harwinton, Connecticut, on October 22, 1821.
His family farmed and he grew up helping. In his early teens, he did farm chores and odd jobs for neighbors, too, saving his earnings. At age 16, he began traveling as a peddler.

Henry Ford was born July 30, 1863, on a farm in Greenfield Township, Michigan. His mother, Mary Ford (née Litogot) (1839–1876), was born in Michigan as the youngest child of Belgian immigrants;

His father gave him a pocket watch in his early teens. At 15, Ford dismantled and reassembled the timepieces of friends and neighbors dozens of times, gaining the reputation of a watch repairman.[5] At twenty, Ford walked four miles to their Episcopal church every Sunday. Ford was devastated when his mother died in 1876.

Just a couple of examples of folks from a century or so ago.... Sure, we all have envy of someone who has a great idea, and makes good on it. But nothing new here.
 

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Enscheff asserted--
At no point in history have Conservatives (not Republicans, they were NOT always conservative) been on the correct side of a huge public policy debate.
Are we on the wrong side of the gun control debate, do you think? Because
that's a pretty huge public policy debate, that sorts itself out as cleanly between
"liberal" vs. "conservative" [*as the terms are commonly used today] as any issue
I've seen.

- - - -

As for more general economic issues-- here's a short cartoon, that you may
have seen, which shows generally why raw socialism might work for a little bit,
but ultimately it will fail, to the ruin of all:

https://www.youtube.com/watch?v=b-SHZxplMmM

Now, what I call the "clever socialist" will realize that the hard-workers / high
performers are needed in order to keep society functioning... and that these workers
can be exploited, up to a point. For example, you take 10% of someone who's
motivated's income and give to those who aren't working, and that person might work 10%
harder to maintain their current hard-earned standard of living. But eventually,
there comes a point (25% "redistribution"? 50%?) where the individual realizes
they're getting used like a rented mule, and just drops back to the bare
minimum. And suddenly, there's a whole lot less "wealth" available for redistribution.

And the other problem is, the socialist sees 10% "redistribution" working, they
want to try 20%... and will inevitably push it until it breaks.
 

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Come off it. We have income redistribution. Taxes, rent, tithe, warfare, government contracts, military industrial complex, trade and labor restrictions, illegals, foreign visa's, off-shoring to COMMUNIST China. The system which produced the top minority owning/controlling most of the world's wealth is hardly a product of free-market capitalism.

It's ridiculous, and rings hollow, that paid bloggers fail to admit any of this. In their hypocrisy, they ignore the reliance on communist labor and agreements with that nation's government to enrich themselves.

But when the average man asks for a little of that his way, you call it socialism and therefore evil. Pot calling the kettle black, and you know it.

Better read up on recent history. Off-shoring manufacturing jobs (the mainstay of middle income America) was invented by ... wait for it ...

Mutt Romney - arch RepubliTARD Conservative! When he was at Bain Capital, the idea developed was to buy a minimally profitable corporations rich in employees making good wages; sell off as many parts as possible including now dead factories and the land while moving all the work (and many times the machines) to China. That transferred intellectual property included not just how the product is made so reverse engineering could lead to product improvement to be sold as competition to the original, but how the machine tools and computer systems (hardware AND software) are used to control manufacturing, reduce costs further to keep American jobs in China.

Yeah, thanks for helping stockholders (the 1%) make short term profits while bankrupting much of the US of A.

Yeah, thanks a bunch, Mutt. Imagine what that butt-wipe would have done if he had made POTUS. Conceivably worse than the anti-Israel moron we have today. - IMHO!
 
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