International Oligarchy is not just a Russian phenomenon. It exists right here in the USA.

[Madmick]

I don't think any sole person or party would be responsible for something like this. I'm sure if you pulled any time period the last couple of decades you'd see income inequality trending in the wrong direction. People fight about it a lot with each other but it's the elephant in the room imo.

But only one party consistently imposes a larger tax burden on the 99%. If these people are going to get richer, either way, I'd prefer it if the middle class, specifically, wasn't encumbered with a larger tax burden and more regulations that do nothing to prevent that from happening, anyway.

 

[DoctorTaco]

-5 billion people have become poorer
-The 5 richest billionaires have gotten 14 million dollars per hour richer
-Over the last decade alone 1% of the world's global population have amassed 2 trillion dollars in new wealth
-Lower brackets only slightly have moved
-The top 1% own more wealth than 95% of the world's population while stashing up to 32 trillion in offshore tax havens

These are some wild stats when you place them together. Let's not partisan this one.

The wealth inequality we currently have in the US is greater than it was just prior to the French Revolution.

 

[44nutman]

The wealth inequality we currently have in the US is greater than it was just prior to the French Revolution.

Let them eat cake!

 

[Natural Order]

Oh, so you've bought into the propaganda that Bernie doesn't think anybody should have a couple of million dollars by the time their 70 years old after riding a couple of books? Lol. That's hilarious.

If you buy into that propaganda then you're going to have a problem understanding Bernies position but that's only because you've been lied to constantly about what is position is.

All you're doing is revealing that you've listened to lies about Bernie and then believed those lies and then sahibaky is actions based on the lies you believed.

That's a lot of books bro. And a lot of people buying a lot of books. Imagine the capital needed to be floating fluidly in society to ensure everybody has a couple million by 70 from writing a book. Or doing anything.

Sounds like that utopia would require a helluva lot of principal from capitalist methodology.

 

[44nutman]

But only one party consistently imposes a larger tax burden on the 99%. If these people are going to get richer, either way, I'd prefer it if the middle class, specifically, wasn't encumbered with a larger tax burden and more regulations that do nothing to prevent that from happening, anyway.

If we cut ELON's taxes enough, maybe he will let his wealth trickle down to all of us. He can drive a Cyber truck(as long as its not too cold because they suck in the cold) he can throw money out the window to us and we should be grateful.
I for one will thank that South African for his scraps.

 

[Jack V Savage]

Not sure i agree with a couple of these points. I don't think Bernie would make things up like "x amount of people have become poorer" if it wasn't true or he didn't refer to something he's using. I'm sure he's using a specific measure that he defined as "poorer" to say wealth isn't growing for lower classes compared to above it. He says it too directly and it's what he starts the video with, making me feel he is referencing something.

He's referencing Oxfam's report, but it's pretty questionable. I think it's inarguable that living standards for the poor have been rising around the world (and we had a really strong period of growth for the poor here in America).

The second point about the 5 richest people growing 14 million per hour seems like something that could be easier to prove. I'll check this weekend, but that seems way too specific for it to be fake, especially coming from Bernie of all people.

He's referencing the same report. The flaw he has is jumping on studies that say what he wants to hear and not really checking counters. Comes up a lot (worst example is that Princeton study that has since been thoroughly debunked about the preferences of the rich vs the middle class).

Even the last point, about the Top 1% with 32 trillion in offshore tax accounts. Again, oddly specific numbers and very direct when he's saying it. Seems too blatant as this seems to easy to call him out if it's fake.

Same report, I believe.

I do agree with your 3rd point there though. I make that argument myself sometimes.


I don't think any sole person or party would be responsible for something like this. I'm sure if you pulled any time period the last couple of decades you'd see income inequality trending in the wrong direction. People fight about it a lot with each other but it's the elephant in the room imo.

Also, WTF is he talking about? Mainstream liberals have not been in gov'ts covering anything close to 5B people.

Good piece on trends here:

Extreme Poverty Has Been Sharply Cut. What Has Changed? (Published 2021)

The U.N. pledged to cut by half the proportion of people living in the worst conditions around the world.

www.nytimes.com

 

[Fishmonger]

always has been

 

[Cid]

Give your head a shake.

https://www.thestreet.com/lifestyle/bernie-sanders-net-worth-14678955

He's a best selling author with a high paying job that's a hundred years old.

If he wasn't in the 1% you'd be saying "bernie only peddles this socialist stuff because he's hopeless with his own money"

Admit it.

 

[Cid]

That's a lot of books bro. And a lot of people buying a lot of books. Imagine the capital needed to be floating fluidly in society to ensure everybody has a couple million by 70 from writing a book. Or doing anything.

Sounds like that utopia would require a helluva lot of principal from capitalist methodology.

Bro it's a book.

Not an aircraft carrier.

 

[Sinister]

That's a lot of books bro. And a lot of people buying a lot of books. Imagine the capital needed to be floating fluidly in society to ensure everybody has a couple million by 70 from writing a book. Or doing anything.

Sounds like that utopia would require a helluva lot of principal from capitalist methodology.

Capitalism isn't so much you selling $3m worth of books. Capitalism is more that being a percentage of the money the publishing Company made selling a book you wrote which you no longer have any rights to.

 

[no fat chicks]

The irony of trump appointing one of this guy's main money managers to his administration

 

[Sinister]

The irony of trump appointing one of this guy's main money managers to his administration

The fact that MAGAtards will excuse this is one of the key signs they are in a cult. God King can do no wrong. He can literally appoint a man who assisted the billionaire they think is the antichrist, and they'll figure out some way to justify it.

This SHOULD be one of the things that shatters the image that Trump himself gives a f*ck about MAGA, because he doesn't. But they'll fight to continue thinking he does.

 

[filthybliss]

Presumably (since he doesn't specify a date) this occurred from Jan-1-2020 until today, Dec-13-2024.

Correct me if I'm wrong, but wasn't a Democrat in office during nearly that entire period? Weren't leftist leaders the heads of state for nearly every OECD Top 20 economy during this period?

Just a casual observation to highlight that maybe, just maybe, the people in Bernie's party, and the people with whom they most closely align in terms of their economic ideas across the first world, neither possess the understanding nor wield the capability to pass policy that would address this problem (for those who consider it a problem).

This income inequality trend was kickstarted with Reagan…It was not an overnight phenomenon. Also nice avatar.

 

[Sinister]

This income inequality trend was kickstarted with Reagan…It was not an overnight phenomenon. Also nice avatar.

To be fair it pre-dates even Reagan. The first iteration of trickle-down economics came under Hoover, who deregulated, depowered Unions, and cut the corporate tax rates. Ipso Facto everyone lost faith in the Government.

But the notion that the Democrats burden the middle class is patently absurd. Even in its worst iterations the Democratic party has almost always cleaned up Republicans massacring the economy. The greatest expansion of the middle class was NOT done by a Republican, and I struggle to think of any Republican who actually expanded the middle class post-Civil War. Trump fleeced the middle class once already with that temporary tax cut while the wealthy got a permanent one. And of course he takes credit for those COVID measures the Democrats had to fight tooth and nail for, then Republicans essentially dismantled under Biden (a huge reason for the lack of popularity was allowing those programs to expire via the filibuster).

 

[Madmick]

This income inequality trend was kickstarted with Reagan…It’s was not an overnight phenomenon. Also nice avatar.

It did not. This "inequality" trend is ancient. Probably started around the time we figured out agriculture, or before, and accelerated with every other epochal advancement to society (ex. modern banking, industrialization).

Even among modern inequality inflation spiked first under Carter, and so did the explosive gap in wealth share. But that means nothing. All that really happened was everything began to globalize.

 

[heloder]

Sum up a guy riding on the leftist side of socialism, being part of the 1%? There's no getting around it bud. You may believe that he's exempt because he's a nice guy with good intent, but that doesn't make it so.

$3 million?

That's a nice amount of money, but it's not out of line for someone of his age and position. And he's certainly not the problem. $3 million is absolutely nothing compared to what the truly wealthy in this country possess. If you made $3 million a year and spent none of it you would catch up to Elon Musk's net worth in about...134,000 years (if he stopped gaining wealth completely today).

 

[cottagecheesefan]

Libtards wrestling in their minds as to why globalist on both sides want open borders due to endless war and government destabilization.

Hey, hey, get onboard the trump movement or get run over by it or left on the dust

 

[Unknown Pleasures]

$3 million?

That's a nice amount of money, but it's not out of line for someone of his age and position. And he's certainly not the problem. $3 million is absolutely nothing compared to what the truly wealthy in this country possess. If you made $3 million a year and spent none of it you would catch up to Elon Musk's net worth in about...134,000 years (if he stopped gaining wealth completely today).

For whatever reason people go mental when it comes to Sanders having accumulated some wealth after working forever as a politician and writing books. He advocates for economics more akin to northern Europe and people think there aren't millionaires or wealthy people in northern Europe or you can't get rich in an economy tilted a bit more socialist. It's really weird and amateurish thinking.

 

[Madmick]

For whatever reason people go mental when it comes to Sanders having accumulated some wealth after working forever as a politician and writing books. He advocates for economics more akin to northern Europe and people think there aren't millionaires or wealthy people in northern Europe or you can't get rich in an economy tilted a bit more socialist. It's really weird and amateurish thinking.

Because that's not what he has advocated. He has explicitly advocated for Democratic Socialism, not "Third Way" economics.

 

[Cid]

Sum up a guy riding on the leftist side of socialism, being part of the 1%? There's no getting around it bud. You may believe that he's exempt because he's a nice guy with good intent, but that doesn't make it so.

I don't think you quite understand what the 1% means.

Your article didn't either.

The 1% is about wealth. $13.6 million net value in America. His value according to your article was 3 Million.

This is economist Joseph Stiglitz's article about wealth inequality written in 2011 about the 1% which is basically the genesis of the whole 1% thing as used in current society.

OF THE 1%, BY THE 1%, FOR THE 1% | Vanity Fair

Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation's income—an inequality even the wealthy will come to regret

archive.vanityfair.com

Any article talking about earnings fundamentally misses the point. The wealth gap isn't about earnings, it's about wealth.