The American Dream Is Now a Myth: Joseph Stiglitz "Once seen as the land of opportunity, the U.S. today is grappling with rising inequality and a political system that benefits the rich at the expense of others, resulting in lower growth and risking the death of the American dream, according to Nobel prize-winning economist Joseph Stiglitz...." http://www.cnbc.com/id/47957186
depends on the defintition of "The American Dream" If it's rags to riches, that dream is still alive, and even moreso as race and sex barriers dissapear if it's graduation from high school getting a union job and retiring in Florida when you're 65, that might be over If it's go to college and get a white collar job and work your way up through the company, that might be over if it's trading, what has changed?
Stiglitz is a Libtard putz. Sure, SOME of the rich get away with things they shouldn't.. and something should be done about that. But in general, it's the successful and rich who are PENALIZED to support social programs in exchange for votes.
Buffett's secretary Bosanek pays a tax rate of 35.8 percent of income, while Buffett pays a rate at 17.4 percent.
What's the risk her paycheck bounces vs. Buffett losing his shirt on an investment like BAC? The rates reflect the relative risk of the cash flows, not to mention that one rate is being paid on money that hasn't been taxed and the second rate is on money that's already been taxed once. Just as an aside, do you find your own argument convincing? Because if you do, you must have an IQ below 80.
Want to slow the growth of income inequality? Force intelligent people to marry unintelligent people. The biggest driver of inequality growth is the rise of the two-income college-educated household vs. the one income single mother or working mother with unemployed husband. So, what are you going to do, penalize men for not wanting to marry their secretaries like it's the 1940's or women for not wanting to get a college education only to end up married to a guy with an obsolete skill set?
+1 Scat. So many blame their lack of success on "the system" and fail to take responsibility for their future. Your life will be what you make of it. You are in full control of your own destiny -- it's simply that simple. In most respects, we are all created fairly equally but a small number will rise above the rest while the masses will crumble at the first sign of rejection. Rejection and failure should lead to future determination for if we don't know what failure and rejection is how could we possibly know when we have succeeded? The American Dream is far from dead.
Perhaps he read it in the first thread I initiated where I wrote that it was ALWAYS a myth used as a carrot for the middle class. Both Capitalism and Socialism are failing, what's the next big lie?
That's a terrible analysis. How could it be a carrot for something that didn't exist prior to America? You've put the cart before the horse. The Statue of Liberty doesn't say "Give me your middle class, who were already pretty comfortable in Europe and other places, but might want to get a little extra here that they can't get over there." Read a book. America didn't magically spring into existence in the post-WWII era. It was the result of the cultivation of a certain type of existence, predominated by economic freedom and the availability of opportunity. Yeah, it wasn't perfect, but nothing is.