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Here we go, the top 20 % of us are the enemy
Old 06-17-2017, 05:30 PM   #1
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Here we go, the top 20 % of us are the enemy

Like i said before, this past election cycle. i saw a large portion of the citizens have a deep hatred on people that have assets. It doesn't matter if you inherited it or lived like a miser working 2 jobs, "Still, the top quintile of earners—those making more than roughly $112,000 a year—have been big beneficiaries of the country’s growth. To make matters worse, this group of Americans engages in a variety of practices that don’t just help their families, but harm the other 80 percent of Americans." So now im harming my neighbor that decides he wants to spend like a drunken sailor. Nice . This whole
wacky idea is starting to get traction. Reminds me of the poster that frowned on my .30 cent senior citizen discount, told me i was depriving a starving child.



Americans.The hoarding of the American Dream
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Old 06-17-2017, 05:36 PM   #2
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Harming in what way? I don't understand what you are talking about. Obviously we have a different political arena in Australia, but what happens in America usually happens down here eventually.
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Old 06-17-2017, 05:43 PM   #3
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Harming in what way? I don't understand what you are talking about. Obviously we have a different political arena in Australia, but what happens in America usually happens down here eventually.
The article says i am harming my neighbor
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Old 06-17-2017, 05:46 PM   #4
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Like i said before, this past election cycle. i saw a large portion of the citizens have a deep hatred on people that have assets. It doesn't matter if you inherited it or lived like a miser working 2 jobs, "Still, the top quintile of earners—those making more than roughly $112,000 a year—have been big beneficiaries of the country’s growth. To make matters worse, this group of Americans engages in a variety of practices that don’t just help their families, but harm the other 80 percent of Americans." So now im harming my neighbor that decides he wants to spend like a drunken sailor. Nice . This whole
wacky idea is starting to get traction. Reminds me of the poster that frowned on my .30 cent senior citizen discount, told me i was depriving a starving child.



Americans.The hoarding of the American Dream
Your naked link keeps changing fonts and size. I have no idea of what it says or contains.

As far as the "topic". Classic have nots vs. haves in regards to saving and planning.
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Old 06-17-2017, 05:56 PM   #5
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What I read is that the author thinks soaking the 1% is not going so solve society's problems [obviously], so we should go after the 20% as a better target.

But the target is
Quote:
the top quintile of earners—those making more than roughly $112,000 a year
Now, I haven't "earned" anything in many years, so maybe they will leave me alone?
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Old 06-17-2017, 05:57 PM   #6
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What I read is that the author thinks soaking the 1% is not going so solve society's problems [obviously], so we should go after the 20% as a better target.

But the target is


Now, I haven't "earned" anything in many years, so maybe they will leave me alone?
From your photo they see you can afford a big pint, they will come after you, hahahahaha
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Old 06-17-2017, 06:02 PM   #7
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It's hot here. What I wouldn't do for a cold pint.

Sorry. Random thought. Please feel free to continue.
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Old 06-17-2017, 06:11 PM   #8
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It's hot here. What I wouldn't do for a cold pint.

Sorry. Random thought. Please feel free to continue.
Yeah, the weather around here has been amazing. Cold and rainy late spring and then all of a sudden summer is here like someone threw a switch. Amazing. Sorry as well, nothing to do with OP post. Carry on.
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Old 06-17-2017, 06:13 PM   #9
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Ill hijack my own post, I like random posts. It makes me feel like im having a conversation instead of chatting on the keyboard. Just to get us back on track,^^^^^ the other 80 % are coming after us.
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Old 06-17-2017, 06:13 PM   #10
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BCG, you posted a copyrighted story in its entirety - no can do. The mods will be along shortly to correct your errant ways.
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Old 06-17-2017, 06:16 PM   #11
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BCG, you posted a copyrighted story in its entirety - no can do. The mods will be along shortly to correct your errant ways.
ok i goofed, someone said they could not get my link. Can anyone else see the story from the link?
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Old 06-17-2017, 06:19 PM   #12
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OK looks like some one fixed my goof, thanks. Back to us being the target.
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Old 06-17-2017, 06:24 PM   #13
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This reminds me of the "expert" a while back that advised parents to not read to their children because it gave them an unfair advantage over children whose parents didn't read to them.

Yeah, good luck with that.
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Old 06-17-2017, 06:34 PM   #14
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Harming in what way? I don't understand what you are talking about. Obviously we have a different political arena in Australia, but what happens in America usually happens down here eventually.
According to the article, this is the way the top 20% are harming the bottom 80%:

Quote:
They ensure they grow up in nice zip codes, provide social connections that make a difference when entering the labor force, help with internships, aid with tuition and home-buying, and schmooze with college admissions officers. All the while, they support policies and practices that protect their economic position and prevent poorer kids from climbing the income ladder: legacy admissions, the preferential tax treatment of investment income, 529 college savings plans, exclusionary zoning, occupational licensing, and restrictions on the immigration of white-collar professionals.
In our case:
  • grow up in nice zip codes... perhaps but pretty middle class
  • provide social connections that make a difference when entering the labor force... no.... DD and DS found jobs themselves
  • help with internships... no.. DD did it herself
  • aid with tuition.... yes
  • aid with home-buying.... no
  • schmooze with college admissions officers.... no
  • legacy admissions... no
  • preferential tax treatment of investment income... yes, but nothing that I control
  • 529 college savings plans... no
  • exclusionary zoning...... no
  • occupational licensing... nothing I control or even influence
  • restrictions on the immigration of white-collar professionals... ditto
I guess it is an interesting premise to wind up the 80% but I'm skeptical how real it really is... not in my life anyway,
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Old 06-17-2017, 06:35 PM   #15
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This reminds me of the "expert" a while back that advised parents to not read to their children because it gave them an unfair advantage over children whose parents didn't read to them.

Yeah, good luck with that.
Thanks,
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Old 06-17-2017, 06:51 PM   #16
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There are at least six different ways our society gives me advantages over other people, utterly unrelated to my myriad earned advantages. Eliminating those kinds of advantages from society overall would assuredly be an improvement in justice. I doubt society will have the will to do so in any substantive way in the short term so the concerns expressed above are premature.
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Old 06-17-2017, 06:57 PM   #17
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What a bunch of BS, makes me want to puke.
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Old 06-17-2017, 07:02 PM   #18
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Equal opportunity does not mean equal outcome. Life presents you with many opportunities (and challenges). What you do with them determines your outcome. If we go to a system that demands equal outcomes, no one will work to do better than the next person and our society will weaken and collapse.
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Old 06-17-2017, 07:19 PM   #19
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Equal opportunity does mean an elimination of unearned advantages leaving people only their earned advantages, as much as that would tend to adversely affect, and upset, those who enjoy such advantages today.
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Old 06-17-2017, 07:46 PM   #20
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I have not seen any viable plan to close the gap between the "haves" and "have not's". It's a hard problem to fix when you have generations of families that teach their kids how to take advantage of the many entitlement systems (poor role models). It really hurts the people that really need the help from these systems. There are healthy people that have no desire to work or better themselves. They are content living in subsidized/poor housing and ordering from the $1 menus and as long as they have a TV & internet they are set... I see beggars on the street corners all the time on their smart phone (WTF).. When these entitlement policies were put in place they were intend to give a person a help "up" not a hand "out", but that was a different generation back then. They were ashamed to take any help from anyone back then. I fear if we reduce or stop these entitlements that the "have nots" with just take it from the "haves" since they have nothing to loose. I'm afraid we have created a monster out of good intentions... Just my 2 cents...
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