WEALTH INEQUALITY: The richest 1% controls more wealth now than at any time in more than 50 years

[melman]

Link to tweet

Posted in the primaries forum because two of the candidates appear in the video.

[Uncle Joe]

1. Excellent.

Thanks for the thread melman.

[George II]

2. Who became a millionaire, increasing his net worth by 500%, by running for President?

[ritapria]

4. Joe is not exactly in the poor House George

What is his net worth ? How much has Joe's net worth increased since he left the Vice-_Presidency ? Does Bernie have any good qualities ? Share one with us - if any exist , George 2

[in2herbs]

10. The other day I posted a reply relative to what you question and cited credible sources to support

my post/reply. In my reply I cited that Bidens made $15 million dollars since leaving the WH. My further replies questioned how any candidate with such a wide income disparity in comparison to the median income of Americans could truly represent the majority of the population. One of the replies I received was that it was because of his wealth that the candidate (being discussed on the post) is smarter and therefore more fit to be president because of his wealth. Under his financial theory I replied that Trump deserves to be president because of his wealth.

Guess what, I was flagged and my post removed. Must have hurt the feelings of this DUer. Too bad, man up.

[whathehell]

8. He wrote a book -- People get paid for those. n/t.

[DanTex]

12. But I guess that means we shouldn't worry about inequality...

[whathehell]

14. No, it means you shouldn't blame Bernie for it.

[DanTex]

16. I'm agreeing with you.

I think attacking Bernie for getting paid for writing a book is stupid. Obviously him and Warren are the ones who will do the most to address inequality. The fact that he got paid to write a book is just used as an excuse by people who don't want to address inequality.

[whathehell]

18. Oh, okay

Sorry about the misunderstanding.

[DanTex]

19. No worries!

I could have made myself clearer.

[whathehell]

21. Back at ya!

[progressoid]

13. I'm not good at math. Does going from 400K/year to a net worth of 9 million in 3 years equal 500% ?

[SMC22307]

17. Still doesn't change the fact that the fat cats are taking everything...

and leaving crumbs for the rest of us. Bend over, cuts to SS and Medicare are coming thanks to tax cuts for the wealthy. It's obscene. Not Bernie writing a successful book, but massive wealth inequality.

[Pacifist Patriot]

3. Well done.

[R B Garr]

5. This is what all or nothing looks like.

They get all, you get nothing, except the purity, of course. Who couldn’t figure this out. You could see where this was going when even Al Gore couldn’t pass the purity tests.

[betsuni]

15. +1

[Newest Reality]

6. Globally,

It is far worse then one sees superficially and the statistics are mere waves bobbing on the sea, so to speak.

You get: An Oligarchy. A Theocracy. An Oligarchical Theocracy. A Theocratic Oligarchy.

The theorcratic element can be a very useful tool for Fascism, which is what this all boils down to. In American, at least, we already see a tendency to trade freedom and rights for authoritarian control and to conflate an an authoritarian dictator with the will of their god or as a representative. It becomes an excellent way to exploit gullibility when the believers have very little understanding even of their professed religion and become loyalists that are easily lead and controlled since they are not able to recognize differences that are essential.

In any case, they are all the true enemies of democracy and, if nothing curbs the complete ownership of the planet, (and I am not being hyperbolic) that is already in progress, what we have known of our fragile democracy might be some quaint, historical notion for those who come to live to provide nothing but the RETURN the owners demand from their investment, no matter how much they squire.

[melman]

7. I'll tell you what

The fact that a thing like this is even on CBS says a lot.



And what it says is...

[JudyM]

9. It's a start.

More please! Let the media do some real coverage of these issues.

[George II]

20. "Then you better start swimmin' Or you'll sink like a stone"

[Devil Child]

11. Those poor billionaires and struggling members of the 1%

How can we assist them in attaining ALL the wealth!?

I can't wait till this perverse wealth disparity is forcibly leveled.