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Rich-poor gap gaining attention
Christian Science Monitor via Yahoo ^ | 06/14/2005 | Peter Grier

Posted on 06/14/2005 3:44:47 PM PDT by zencat

The income gap between the rich and the rest of the US population has become so wide, and is growing so fast, that it might eventually threaten the stability of democratic capitalism itself.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS:

1 posted on 06/14/2005 3:44:47 PM PDT by zencat
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To: zencat

As if the gap defines wealth or standard of living. Compare the "poor" in this nation to the real poor in others. Poverty in America can only be self-created.


2 posted on 06/14/2005 3:45:53 PM PDT by zencat (The universe is not what it appears, nor is it something else.)
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To: zencat

3 posted on 06/14/2005 3:47:01 PM PDT by Rakkasan1 (The MRS wanted to go to an expensive place to eat so I took her to the gas station.)
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To: zencat

A natural mathematical function of a growing economy and growing wealth of the people is a growing gap between rich and poor. Can't be helped.


4 posted on 06/14/2005 3:49:08 PM PDT by discostu (The dude abides)
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To: zencat
"data show that the top 1 percent of the population received 11.4 percent of national after-tax income in 2002, points out Isaac Shapiro of the Center on Budget and Policy Priorities in a new study. That's up from a 7.5 percent share in 1979. By contrast, the middle fifth of the population saw its share of national after-tax income fall over that same period of time, from 16.5 to 15.8."

Received??? Share???

Whatever happened to EARNED.

Such Marxist, communist, socialist bias by the author.

5 posted on 06/14/2005 3:50:30 PM PDT by tahiti
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To: zencat
Every time you double the income of a population, the difference between the upper income group and the lower income group widens.

In dirt-power societies, there is no wealth gap.

If Bill Gates is worth billions, that does not affect my wealth. If the Government decides it must regulate how much wealth a person can earn, that affects the economic freedom we all have and that does affect my wealth.

6 posted on 06/14/2005 3:52:09 PM PDT by Polybius
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To: zencat

Remember when you can't use the "worst economy since Hoover" line they gotta figure out another angle. The "rich and poor gap" and the plight of the homeless only find their way into the media during Republican administrations.

Old and tired. Just like the ideology they all believe in.


7 posted on 06/14/2005 3:55:14 PM PDT by MNlurker
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To: zencat

I saw somewhere that some 40% of Americans live under the $34,00 (on the family of four scale). That's astounding considering the fact that so many families have more than one person out in the workforce.
It really brings home the obscenity of the worst executive salaries.


8 posted on 06/14/2005 3:59:58 PM PDT by thegreatbeast (Quid lucrum istic mihi est?)
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To: zencat

The "Alive/Dead" gap is pretty huge too - and L Ron Hubbard - still dead.


9 posted on 06/14/2005 4:00:22 PM PDT by xcamel (Deep Red, stuck in a "bleu" state.)
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To: zencat

Greenspan is rightfully pointing out that something is dreadfully wrong with our education system. The liberals do not want to hear this and would prefer to say that he is ignoring other issues. They are looking for a way to Deanspin this into a class warfare issue. Greenspan is right. The public education experiment has failed. It's time to let go and move on to something that works.


10 posted on 06/14/2005 4:03:15 PM PDT by sageb1
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To: Rakkasan1

I don't know what that image is, but it's really gross.


11 posted on 06/14/2005 4:04:02 PM PDT by sageb1
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To: sageb1

custom 'barf alert' reminder


12 posted on 06/14/2005 4:05:15 PM PDT by Rakkasan1 (The MRS wanted to go to an expensive place to eat so I took her to the gas station.)
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To: thegreatbeast
It really brings home the obscenity of the worst executive salaries.

Explain to me why executive salaries are anybody's concern besides the shareholders of the companies by whom the executives are employed.

BTW, how come nobody complained a few years back when Barbra Streisand got $20 million for a one night performance. How come nobody talked about the gap between what she made that night and what the guy who swept up the ailes after everybody went home got?

13 posted on 06/14/2005 4:07:01 PM PDT by Maceman (The Qur'an is Qur'ap.)
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To: Rakkasan1

Ah! Appropriate.


14 posted on 06/14/2005 4:07:31 PM PDT by sageb1
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To: sageb1
I don't know what that image is, but it's really gross.

I assume it is the well deserved "[Barf Alert!]" missing from this thread's title.

15 posted on 06/14/2005 4:07:56 PM PDT by cynwoody
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To: zencat

The solution is for the poor to get their collective thumbs out of their butts, get to work, and earn more.


16 posted on 06/14/2005 4:07:59 PM PDT by tickmeister
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To: zencat

Rich poor gap my a$$. Class warfare, period:

http://www.freedomkeys.com/gap.htm


17 posted on 06/14/2005 4:09:25 PM PDT by groanup (our children sleep soundly, thank-you armed forces)
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To: Maceman

Great tagline!


18 posted on 06/14/2005 4:11:04 PM PDT by sageb1
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To: groanup

You can't import 15-20 million illegal 3rd world immigrants (and constantly beg for more) and then not expect to have an income gap.


19 posted on 06/14/2005 4:11:40 PM PDT by umgud (FR, NASCAR, NRA, GOP)
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To: tahiti

"Radical left-wing organization using inherently biased methodology arrives at predictable results. Film at 11".


20 posted on 06/14/2005 4:17:14 PM PDT by andy58-in-nh
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To: umgud
You can't import 15-20 million illegal 3rd world immigrants (and constantly beg for more) and then not expect to have an income gap.

What a paradox. We import them, our INCOME GAP expands while their INCOME expands ten fold.

21 posted on 06/14/2005 4:17:17 PM PDT by groanup (our children sleep soundly, thank-you armed forces)
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To: groanup

Yup, back home the illegal might make $5-$7 day vs. at least that much per hour here. It ain't rocket science why they come. I would too if I were them.


22 posted on 06/14/2005 4:23:39 PM PDT by umgud (FR, NASCAR, NRA, GOP)
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To: zencat

I've got an uncle from Tennessee, raised up in Alabama, a big time gun rights guy, sort of a libertarian I guess. He's been going on about this income gap thing. He's disgruntled due to real bad chronic heart problems, a failed marriage, an insolent child, trouble paying medical bills or staying employed. I guess we can only take so much of a beating. Income gaps aren't my beef. I think much bigger than that. My beefs are death and pain. But Epictetus teaches me to try not to concern myself with those things, because I cannot control them. But income gaps? The CEO of my company makes like 23 million a year plus perks. And yet, I sorta feel like I'm getting one over on em for making what I make, which is a decent 5 figure income. I'm happy with my lifestyle, so I don't have an economic axe to grind. I guess that's why my enemies are those hard to accept, out of my control aspects of life: death and pain.


23 posted on 06/14/2005 4:30:06 PM PDT by Huck (Gitmo guard to enemy combatant: "Would you like the chicken or the roast beef?")
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To: zencat

Gag me


24 posted on 06/14/2005 4:44:10 PM PDT by Mister Baredog ((Minuteman at heart, couch potato in reality))
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To: tahiti
Marxist, communist, socialist

Not including liberal and RINO?

25 posted on 06/14/2005 4:45:51 PM PDT by RightWhale (Some may think I am a methodist)
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To: zencat

That "barf" thing is REALLY NASTY.

I think I'd prefer to see the "Aw Jeeeez" guy instead.

:^)


26 posted on 06/14/2005 4:46:09 PM PDT by spinestein
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To: discostu
A natural mathematical function of a growing economy and growing wealth of the people is a growing gap between rich and poor. Can't be helped.

Exactly, but other than Fox news who is going to report that?

27 posted on 06/14/2005 7:12:25 PM PDT by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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To: zencat

Ping


28 posted on 06/14/2005 7:57:14 PM PDT by mr_hammer (I call them as I see them!)
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To: umgud
You can't import 15-20 million illegal 3rd world immigrants (and constantly beg for more) and then not expect to have an income gap.

Additionally the income/wealth gap does not consider the difference between the long employed and the recently employed. In other words, people who have worked all their lives have more money than people who are just starting out. But people who are just starting out expect to be wealthy one day. As well they should.

29 posted on 06/14/2005 8:07:54 PM PDT by KC_for_Freedom (Sailing the highways of America, and loving it.)
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To: Moonman62

Would Fox news even report that? It doesn't bleed and it's not sex, that would put it at the bottom of the order for every news show. I supposed Britt Hume might mention it in passing once. Always remember there's a reason it's "TV news" not "news on TV", the TV comes first.


30 posted on 06/15/2005 8:16:42 AM PDT by discostu (The dude abides)
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