Rejoice! The good cheer spreads across the country ...

Dribley

MrRee wrote: »

It's only via the rich does money filter to the poor, the vulnerable, and yes sadly to the bone idle too!

I've heard your bones been idle for years.

nickj_2

MrRee wrote: »

Dribbles ........ I think of everyone! Everyone should rejoice in the news that we are coming out of the dark and into the light!

Rejoice that wages are climbing, jobs are numerous, the poor and vulnerable are cared for better, house prices spiral upwards meaning people spend, spend, spend - creating jobs, jobs, jobs!!

It's only via the rich does money filter to the poor, the vulnerable, and yes sadly to the bone idle too!

Rejoice!

obviously if they are paying more and more and more for their houses they won't have quite so much money to spend ,spend ,spend will they? or is it ok if it goes on the never never , does that count as good news ?

MrRee_2

Nothing wrong with borrowing to improve ones life, nothing at all.

MrRee_2

grizzly1911 wrote: »

If only it did too busy building personal wealth for personal gratification for much to trickle down voluntarily.

EH?

The rich SPEND their money, on things and services .... things people have to make, services they get paid for.

The money trickles down ... what do YOU thnk they do with it, I'm genuinely interested in what your 'personal gratification' means?

nickj_2

MrRee wrote: »

Nothing wrong with borrowing to improve ones life, nothing at all.

nothing wrong with borrowing to improve ones life , it's the paying back that some people,govts etc seem to have difficulty in comprehending

grizzly1911

MrRee wrote: »

EH?

The rich SPEND their money, on things and services .... things people have to make, services they get paid for.

The money trickles down ... what do YOU thnk they do with it, I'm genuinely interested in what your 'personal gratification' means?

Of course they do those altruistic souls.
Income inequality in the United States has grown significantly since the early 1970s,[1][2][3][4][5] after several decades of stability,[6][7] and has been the subject of study of many scholars and institutions. While inequality has risen among most developed countries, and especially English-speaking ones, it is highest in the United States.[8][9][10] Income inequality (as measured by the Gini coefficient) is not uniform among the states: after tax income inequality in 2009 was greatest in Texas and lowest in Maine.[11]
Most of the growth has been between the middle class and top earners, with the disparity becoming more extreme the further one goes up in the income distribution.[12] A 2011 study by the CBO[13] found that the top earning 1 percent of households increased their income by about 275% after federal taxes and income transfers over a period between 1979 and 2007, compared to a gain of just under 40% for the 60 percent in the middle of America's income distribution.[13] Other sources find that the trend has continued since then.[14] In spite of this data, only 42% of Americans think inequality has increased in the past ten years.[15] In 2012, the gap between the richest 1 percent and the remaining 99 percent was the widest it's been since the 1920s.[16] Incomes of the wealthiest 1 percent rose nearly 20 percent, whereas the income of the remaining 99 percent rose 1 percent in comparison.[16]





Household income levels and gains for different percentiles in 2003 dollars.[119]



Average tax rate percentages for the highest-income U.S. taxpayers, 1945–2009




Ratio of average compensation of CEOs and production workers, 1965–2009. Source: Economic Policy Institute. 2011. Based on data from Wall Street Journal/Mercer, Hay Group 2010.[195]


http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States


US Real Income Per Capita Growth Rate





http://www.multpl.com/us-real-income-per-capita-growth

The polite version.

1.the act of satisfying your own desires and giving yourself pleasure 2.indiscipline with regard to sensuous pleasure

MrRee_2

I was expecting rather more than a cut'n'paste reply ...... just a straight answer from your own head would have been infinately better and would have allowed me to take you seriously - but sorry big fail.

The rich filter money down to the masses ..... what the hell else do they do with it? Where does it go?

grizzly1911

MrRee wrote: »

I was expecting rather more than a cut'n'paste reply ...... just a straight answer from your own head would have been infinately better and would have allowed me to take you seriously - but sorry big fail.

The rich filter money down to the masses ..... what the hell else do they do with it? Where does it go?

Sorry if fact is difficult for you.

boltneck123

MrRee, if the rich filter their wealth down to the masses, then it has slowed down significantly over the past few decades.

Grizzly1911's information shows there to be a rise in wealth inequality, 'copy n paste' or not - the information is there, multiple sources are available on the internet.

At the moment the wealthy's proverbial 'filter' looks more like a vacuum.

I accept that individuals should take more responsibility for their wealth, I my self was reckless in the past and I am in the process of paying off debt. I will never again be so stupid, I have learned a valuable lesson. But come on, some people just have s**t luck, regardless of their actions or how much they try to do things right. I have no objection to people wanting to earn a lot of wealth and enjoy a good life - I would happily work towards a few million my self. But seriously, a single human does not need billions, Bill Gates is a good example, nice of him to try and do something with it.

MrRee_2

The rich - to enjoy the good life - MUST spend!

And that spend helps everyone else - from my Swimming Pool cleaner to the BoatHouse repair man - from the housemaid to the chauffer.