Corporations make the poverty gap smaller because they can employ more people and give them jobs. While the CEO's do make a lot of money, there are very few CEO's vs how many people one corporation can employ. Life isn't fair, and most of those CEO's started at the bottom and worked their way up. I don't know of anyone who was just handed a CEO position.
Originally posted by Time-ImmemorialWe can argue the merits of capitalism in certain situations. I'm not going to say capitalism is bad. please do not throw out things that are not true.
Corporations make the poverty gap smaller because they can employ more people and give them jobs. While the CEO's do make a lot of money, there are very few CEO's vs how many people one corporation can employ. Life isn't fair, and most of those CEO's started at the bottom and worked their way up. I don't know of anyone who was just handed a CEO position.
The income inequality gap has been raising despite record profits for corporations. And the top 1% hold close to 20% of the wealth. A statistic that has been going up in years. Also not all or most CEOs started at the 'bottom'. The actual likely hood of moving from one income bracket to another from to parent to child is extremely low. Most likely those CEOs started from families of wealth and resources before hand.
Originally posted by Time-Immemorial
What system is better then what we have now?Capitalism creates competition and ingenuity of the people.
If you take that away, what will happen to our future of greater concepts and ideas then what we have now. If you take away for profit you take away drive to do your best.
Indeed. Capitalism is the greatest vanquisher of poverty in the world.
Socialism, otoh, leads to nothing but misery and that's what people like HIllary and Sanders want for America.
Oh, and LMAO@ Lestov proclaiming that wealthy people should have to redistribute their wealth among those less fortunate. What a crock of ####.
Originally posted by Newjak
We can argue the merits of capitalism in certain situations. I'm not going to say capitalism is bad. please do not throw out things that are not true.The income inequality gap has been raising despite record profits for corporations. And the top 1% hold close to 20% of the wealth. A statistic that has been going up in years. Also not all or most CEOs started at the 'bottom'. The actual likely hood of moving from one income bracket to another from to parent to child is extremely low. Most likely those CEOs started from families of wealth and resources before hand.
I'll reply about this in a bit.
Originally posted by Time-Immemorial
Obama said the wealth needs to be redistributed so Lestov is just a willing parrot to his master.
I think wealthy people should sometimes give to the extremely poor but they should never be forced to and they should be able to choose themselves how much they want to give not someone else (like the government).
Originally posted by Lestov16
I'm not talking about forcing people to give up their funds. I'm talking about people having the internal empathy to not self indulge while knowing others are suffering, because a lack of such causes the selfishness, xenophobia, and tribalism that has led to pretty much all anthropogenic world problems.It's an idealistic humanitarian concept, but it's alternative requires a sociopathic disregard for ones fellow man. As I stated in the other thread, a privatized health care system where material wealth determines who lives or dies is outright inhumane, especially when the money is just going towards a CEO's swimming pool. It's like that South Park episode in which the musicians were complaining piracy was preventing them from buying a new yacht, but unlike that episode, horrifyingly, we are talking about people's lives that are being monetized.
Excellent post.
Originally posted by Time-Immemorialdunno about that... since the trend is currently the wealth gap is increasing not decreasing
Corporations make the poverty gap smaller because they can employ more people and give them jobs.
and there's certainly more corporations around than ever before
on the other hand... in terms of actual material wealth today's poor live better than yesterday's rich
Originally posted by red g jacks
dunno about that... since the trend is currently the wealth gap is increasing not decreasingand there's certainly more corporations around than ever before
on the other hand... in terms of actual material wealth today's poor live better than yesterday's rich
Corporations are made up of working people, so the idea that they widen the poverty gap is false.
You can't lump all corporations in one bracket or the other. Some use unethical practices to make money and others don't some not only give charitible donations but also invest in impoverished areas and others don't.
Look up the Royal Bank of Scotland's Global Restructuring Group as an example. Their purpose changed when RBS started having problems and viable small and medium businesses were moved to the GSG who would deliberately cause the businesses to fail so RBS could take ownership of them, asset strip them and sell them on to help stem their losses.
http://www.channel4.com/news/rbs-whistleblower-grg-business-destroy-video
Anyway
http://m.huffpost.com/us/entry/440073
Then on the other hand you've got
http://www.forbes.com/sites/susanadams/2015/03/19/the-worlds-most-ethical-companies-2015/
Originally posted by red g jacks
alright... i have an idea... the increasing wealth gap is a fact. it's a well known fact, actually. so why is the wealth gap increasing in your opinion?
Less jobs are being created because corporations don't want to bring their money home because it will be taxed extremely high. Then what will the government do with all that money? Well we know they just wasted $500,000,000 in Syria and another $600m on the way. So why would anyone want to bring home more money to create jobs when the government will take half of it and waste it on useless endeavors and welfare distribution?
Originally posted by Time-Immemorialso if you had to sum it up... who or what is to blame for the wealth gap in your eyes?
Less jobs are being created because corporations don't want to bring their money home because it will be taxed extremely high. Then what will the government do with all that money? Well we know they just wasted $500,000,000 in Syria and another $600m on the way. So why would anyone want to bring home more money to create jobs when the government will take half of it and waste it on useless endeavors and welfare distribution?
Originally posted by Time-Immemorial
Less jobs are being created because corporations don't want to bring their money home because it will be taxed extremely high. Then what will the government do with all that money? Well we know they just wasted $500,000,000 in Syria and another $600m on the way. So why would anyone want to bring home more money to create jobs when the government will take half of it and waste it on useless endeavors and welfare distribution?
Yet in countries where unemployment is going down, the wealth gap is still increasing.
Between 2009 and 2012 95% of all recovery growth was captured by the top 1%. This year the top 1% is expected to own more wealth than the 99% and thus have over 50% of the world's wealth for the first time. Perhaps the scariest statistic is that the richest 300 people have more wealth than the poorest 3,000,000,000