UKC

That in 2013, 22% of the wealth in the US was owned by 0.01% of the population.

And the rest of the world wants to follow that economic model? Are they nuts?

Isn't it time we questioned our current economic model?

In reply to The Ice Doctor:

I'm enjoying my socialism over here in Norway. It's great.

In reply to The Ice Doctor:

For heaven's sake man: Brexit means Brexit, and Easter means Easter. Stop questioning imbalance, and start worrying about immigration.

In reply to The Ice Doctor:


Whilst acknowledging that large disparities in wealth can cause problems for a society we also need to recognise that if that 0.01% only owned, say 10% of the wealth then it doesn't automatically follow that the other 12% would be distributed amongst the remaining 99.99%. Its quite possible that the 12% wouldn't exist at all so the 99.99% wouldn't be any better off anyway.
Wealth is not a finite commodity, it does not follow that if I have more somebody else must have less, that's not how it works.
Interestingly, it would appear that Namibia, Zimbabwe, Denmark and Switzerland all have greater levels of wealth inequality than the USA. Make of that what you will.
https://en.wikipedia.org/wiki/List_of_countries_by_distribution_of_wealth
You will have to click on the last column arrow (Wealth Gini) to sort them in order.

In reply to The Ice Doctor:

Every morning I wake up, have breakfast, walk my dogs, then switch on my computer thinking; "I wonder what bit of misery "Ice Doctor" has to share with us today...."

In reply to The Ice Doctor:

Yes

In reply to pec:

Another thing that's often overlooked is how hard the very highly paid actually work. 18 hour days, constant high pressure, the future of the company riding on your decisions, competitors breathing down your neck, little to no time for friends or family - it's not a life many of us would choose. Would I like the 7 figure salary? You bet. Would I be willing to do all that for it? Not a chance.

In reply to Thrudge:

People, every one of us on this planet has choice. Don't forget that. Most people by the age of 20 have forgotten that, conditioned by the whole system in which we live.

I am not being miserable. People simply don't like simple cold hard facts. Apologies for being honest.

In reply to The Ice Doctor:

Apart from a few north European countries isn't it a similar picture in most large economies?