What other country can you still live in the ghetto and still have luxuries like an iphone and internet and cable?
nomadicdude said:Look at it this way. You basically have no chance of moving up in society unless you are born with a silver spoon. Statistics back this up. The very rich have been allowed to accumulate too much wealth.
Everyone else is a brainwashed peon IMHO, working more hours for less pay than ever before, in order to purchase more material possessions to justify their existence. America has become a braindead consumption society: your existence is tied to eating too much, spending too much, working too much, and obtaining too much in material possessions.
Worse is that people have been brainwashed to believe this is all okay. This is American. What a sad thought process. The idea that you have no security for basic things like healthcare, education, or retirement is insane. Every other rich country on Earth provides these things in a sensible and cost-effective way but in America they throw us all to the corporate dogs so they can make more money.
Anyway, I'll stop. Oh yeah I didn't even get to the obesity issue, third tier women, feminism, or the inane stupidity of the average American about the outside world, including people who have graduate degrees or higher who often think the rest of the world is unsafe and crazy.
So whatever. Anyway...
nomadicdude said:LOL @ how some Americans root for America like a sports team. It really is the same vibe. They don't really think of the facts, it's just they support it no matter what.
nomadicdude said:@ CaliforniaSupreme: again, who cares about individual cases. Statistics show economic mobility is a myth.
The rich are too fucking rich and I say this as someone who has made well into six figures before. The tax code is loaded towards the rich.
At least you admit it's a braindead consumption society. I guess no one can dispute that.
CaliforniaSupreme said:I care about individual cases because they can affect you directly. A statistic is just a number, it's very different when you can put a face on the number.
Teutatis said:CaliforniaSupreme said:I care about individual cases because they can affect you directly. A statistic is just a number, it's very different when you can put a face on the number.
Selection bias. You and others on this thread are using a few individuals that you personally know or read about and have succeeded to assert that anyone can succeed while disregarding data that show the massive amount of the population never will due to several reasons.
Not everyone is smart, not everyone has the right opportunities, not everyone will have the same connections and network, etc., etc.
That being said, while unlikely, you should still do everything in your power to become successful, whatever success means to you.
j r said:And what is this "massive amount" of data? How about a citation?
nomadicdude said:Look at it this way. You basically have no chance of moving up in society unless you are born with a silver spoon. Statistics back this up. The very rich have been allowed to accumulate too much wealth.
Such a conclusion, however, would be utterly false. The fact is that America, to an extent that may be unprecedented in its or any other country's history, is a land of opportunity and upward mobility. When we follow individuals through time, as opposed to following statistically defined income groups, we find a picture of growth and opportunity.
Several recent studies have shed light on this critical issue. In 1992, the Treasury Department analyzed tax returns filed by 14,000 taxpayers for all of the years from 1979 to 1988. For each year, they determined the distribution of income among all 14,000 filers and assigned each tax filer to an income quintile for that year. They then compared the economic status of each tax filer in 1979 with the status achieved by 1988.
The results were startling. The Treasury Department study found that very few of those who started out poor (i.e., in the bottom 20 percent of income) in 1979 remained poor. On the contrary, 86 percent of those who were in the bottom quintile in that year had moved to a higher quintile by 1988. And the Treasury Department found that a person who was "poor" in 1979 was more likely to have become "rich" by 1988 than to have remained "poor." Only 14.2 percent of those in the bottom 20 percent in 1979 were still in that category in 1988, while 14.7 percent had not only improved their lot, but had moved all the way to the top income category.8
This study tells us something critically important about America's "rich" and "poor." They are, in large part, the same people at different times in their lives. "Poor" people certainly include some who are demoralized, disabled or dissolute. But to a greater extent, "poor" family units consist of students, young people who are just starting out in life, recent immigrants, and retired people. The authors of this article, and many of those who will read it, were once classified as "poor" in government statistics. This year's bottom 20 percent are not the same as last year's, or those of the year before. Over time, the vast majority of low-income people find jobs, work their way up, and spend their peak earning years in far more prosperous circumstances. They are replaced at the bottom by young people, immigrants and others who then proceed to work themselves into a higher category.
Income mobility, of course, is a two-way street. The "rich," like the "poor," are an ever-changing group. Contrary to popular conviction that the rich only get richer, the Treasury Department study found that of those taxpayers who had ranked in the top 1 percent in income in 1979, 58 percent had dropped out of that category by 1988.
Further confirmation of the remarkable degree of mobility in the American economy comes from a second study, conducted for the Urban Institute by Isabell Sawhill and Mark Condon. Sawhill and Condon followed a procedure somewhat like the Treasury Department study. They identified a group of families and recorded their incomes in 1977, arranging them into quintiles of family income for that year. Then, in 1986, they recorded the family incomes for the same people. Rather than arranging the 1986 incomes into quintiles, they calculated the average family income, as of 1986, for each of the five groups that had been identified in 1977. The results of the study are shown below.
Sawhill and Condon found that the group that experienced the largest percentage increase in income, on average, were those who started out in the bottom quintile. Those families saw their real incomes increase a remarkable 77 percent, on average, by 1986. The second-poorest group experienced the second-largest increase -- an average of 37 percent. The smallest average increase between 1977 and 1986 was that of the highest income group. Families in the top 20 percent in family income saw their average real incomes increase by only 5 percent in nine years. On the basis of these data, Sawhill and Condon characterize the period from 1977 to 1986 as an era when the poor were getting wealthier fast, and the rich were getting wealthier slowly.9
These income mobility data are of tremendous significance to the income inequality debate. They show that much of what passes for inequality between rich and poor is really inequality between generations.10 America is not a country in the process of stratifying into permanently separate and unequal camps, one rich and one poor. Rather, it is a country that offers its young people and immigrants unprecedented opportunity to achieve financial success.