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Why America is the World’s First Poor Rich Country

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Piobaire
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08 Dec 2018, 7:15 am

"Extreme capitalism meets Social Darwinism by way of rugged self-reliance crossed with puritanical cruelty."



SpiceWolf
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08 Dec 2018, 7:43 am

Good article, I enjoyed reading it, except I would change one thing.
Australia now appears to be sadly heading down this economic path as well.



TW1ZTY
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08 Dec 2018, 11:56 am

I heard things aren't going too well in the UK either.



LoveNotHate
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08 Dec 2018, 1:15 pm

Mostly, Americans are rich people who spend like nuts to maintain a high standard of living, so we have to live pay check to pay check.

Mostly, we drive nice cars, probably own several, live in big beautiful homes, our homes are furnished to the max, have retirement accounts, eat out often , have smart phones, computers, all kinds of gadgets, and pack our garages full of stuff.

We lack financial wisdom!

In 2012, just $34,000 income put you in the world's 1%.
Image


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Piobaire
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08 Dec 2018, 2:46 pm

LoveNotHate wrote:
Mostly, Americans are rich people who spend like nuts to maintain a high standard of living, so we have to live pay check to pay check.


BS.
Winners have taken all.



Gallia
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08 Dec 2018, 4:16 pm

"authoritarianism and extremism don’t arise in prosperous societies — but in troubled ones, which are growing impoverished, like America is today."

That's a very good point.

This is a good video infographic on the subject:


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Gallia
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08 Dec 2018, 4:21 pm

TW1ZTY wrote:
I heard things aren't going too well in the UK either.


Yes, homelessness is on the rise.

"There was an increase of 15% from 2016 to 2017, while since 2010 rough sleeping estimates show an increase of 169%."
(data from homeless link)


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LoveNotHate
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08 Dec 2018, 4:22 pm

Piobaire wrote:
LoveNotHate wrote:
Mostly, Americans are rich people who spend like nuts to maintain a high standard of living, so we have to live pay check to pay check.


BS.
Winners have taken all.

You're confusing relative wealth with being "poor".

Most Americans are part of the elite 1% wealthy of the world.

For example, compared to India, our low skill, low wage workers earn like their top PHD neurosurgeons earn.


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Piobaire
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08 Dec 2018, 4:43 pm

LoveNotHate wrote:
Piobaire wrote:
LoveNotHate wrote:
Mostly, Americans are rich people who spend like nuts to maintain a high standard of living, so we have to live pay check to pay check.


BS.
Winners have taken all.

You're confusing relative wealth with being "poor".

Most Americans are part of the elite 1% wealthy of the world.

For example, compared to India, our low skill, low wage workers earn like their top PHD neurosurgeons earn.

Please actually read an article before commenting on it.
Further Proof That Millennials Are, in Fact, The Brokest Generation



LoveNotHate
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08 Dec 2018, 4:46 pm

Piobaire wrote:
LoveNotHate wrote:
Piobaire wrote:
LoveNotHate wrote:
Mostly, Americans are rich people who spend like nuts to maintain a high standard of living, so we have to live pay check to pay check.


BS.
Winners have taken all.

You're confusing relative wealth with being "poor".

Most Americans are part of the elite 1% wealthy of the world.

For example, compared to India, our low skill, low wage workers earn like their top PHD neurosurgeons earn.

Please actually read an article before commenting on it.
Further Proof That Millennials Are, in Fact, The Brokest Generation

The title explains it.

"Brokest Generation" is a relative wealth comparison; it says nothing about "being poor", but rather one group has more than another group.

Like when multi-millionaire football players feel poor compared to billionaire team owners.


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RetroGamer87
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08 Dec 2018, 9:00 pm

The first? Hasn't any of this happened before?


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Piobaire
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08 Dec 2018, 9:12 pm

LoveNotHate wrote:
Piobaire wrote:
LoveNotHate wrote:
Piobaire wrote:
LoveNotHate wrote:
Mostly, Americans are rich people who spend like nuts to maintain a high standard of living, so we have to live pay check to pay check.


BS.
Winners have taken all.

You're confusing relative wealth with being "poor".

Most Americans are part of the elite 1% wealthy of the world.

For example, compared to India, our low skill, low wage workers earn like their top PHD neurosurgeons earn.

Please actually read an article before commenting on it.
Further Proof That Millennials Are, in Fact, The Brokest Generation

The title explains it.

"Brokest Generation" is a relative wealth comparison; it says nothing about "being poor", but rather one group has more than another group.

Like when multi-millionaire football players feel poor compared to billionaire team owners.

If you'd actually read the article, you'd know the difference between relative and absolute poverty, and that the author's premise is neither. However, all you read was the title, then started posting non sequiturs. If you wonder why no one takes you seriously, look no further.



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08 Dec 2018, 10:38 pm

Expect the vote to eventually be taken away. I recall how Teabagger extremists have promoted the idea that the vote should only be extended to property owners, as they supposedly have a "stake in society," during the Obama years. It's these extremists who are the foot soldiers of the mega wealthy, fighting against their own self interests for the sake of their far right, neo-fascist ideology.


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TW1ZTY
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08 Dec 2018, 11:05 pm

LoveNotHate wrote:
Mostly, Americans are rich people who spend like nuts to maintain a high standard of living, so we have to live pay check to pay check.

Mostly, we drive nice cars, probably own several, live in big beautiful homes, our homes are furnished to the max, have retirement accounts, eat out often , have smart phones, computers, all kinds of gadgets, and pack our garages full of stuff.

We lack financial wisdom!

In 2012, just $34,000 income put you in the world's 1%.
Image


Do you realize that not all Americans are rich? American families living in trailer parks and government assistant housing who live off of little income from working their asses off doing blue collar jobs do not live that kind of lifestyle you just described.

We may be more wealthy compared to third world countries but you still have Americans who can't afford food or health care.

Calling all Americans rich is BS.



LoveNotHate
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09 Dec 2018, 12:06 am

TW1ZTY wrote:
Do you realize that not all Americans are rich? American families living in trailer parks and government assistant housing who live off of little income from working their asses off doing blue collar jobs do not live that kind of lifestyle you just described.

We may be more wealthy compared to third world countries but you still have Americans who can't afford food or health care.

Calling all Americans rich is BS.

Americans have the world's highest ...

-average household net-adjusted disposable income per capita
-average household net financial wealth per capita
http://www.oecdbetterlifeindex.org/topics/income/

As I said earlier, there are many "poor" American who are rich, yet blow their money on trying to keep up a high standard of living.

If they would lower their standard of living -- like billions of people do in other countries -- then they would realize how rich they are.

Americans need to ...
-eliminate debt
-save every dollar
-under consumption
-increase savings
-increase retirement investments
-do comparison shopping: Walmarts, Dollar Store, Amazon ...
-buy clothes from thrift stores

However, characterizing Americans as "poor people" is absurd.


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LoveNotHate
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09 Dec 2018, 12:21 am

Piobaire wrote:
LoveNotHate wrote:
Piobaire wrote:
LoveNotHate wrote:
Piobaire wrote:
LoveNotHate wrote:
Mostly, Americans are rich people who spend like nuts to maintain a high standard of living, so we have to live pay check to pay check.


BS.
Winners have taken all.

You're confusing relative wealth with being "poor".

Most Americans are part of the elite 1% wealthy of the world.

For example, compared to India, our low skill, low wage workers earn like their top PHD neurosurgeons earn.

Please actually read an article before commenting on it.
Further Proof That Millennials Are, in Fact, The Brokest Generation

The title explains it.

"Brokest Generation" is a relative wealth comparison; it says nothing about "being poor", but rather one group has more than another group.

Like when multi-millionaire football players feel poor compared to billionaire team owners.

If you'd actually read the article, you'd know the difference between relative and absolute poverty, and that the author's premise is neither. However, all you read was the title, then started posting non sequiturs. If you wonder why no one takes you seriously, look no further.

Here is your posting pattern:

1, You post a link with no discussion.
2. You can't explain why you posted that link.
3. Your response to respondents is more links, not explanation.
4. If anyone challenges your links, then you accuse them of being fallacious with no explanation.
5. Your postings show no effort to explain yourself.


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