Gap between rich, poor widens - Mercedes-Benz Forum

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post #1 of 32 (permalink) Old 04-02-2007, 09:24 AM Thread Starter
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Gap between rich, poor widens

Gap between rich, poor widens | The San Diego Union-Tribune
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post #2 of 32 (permalink) Old 04-02-2007, 09:28 AM
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Where does it put me if I cannot even understand the chart?

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post #3 of 32 (permalink) Old 04-02-2007, 09:39 AM
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You have this guy to thank.
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post #4 of 32 (permalink) Old 04-02-2007, 09:41 AM
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Hypothetical but simple illustration as to why this rich-poor gap is such BS.
Let's say a loaf of bread is $2.00 and it goes up 10% to $2.20. The poor man was paid enough to buy 200 loaves at $400.00. The rich man was paid enough to buy 1,000,000 loaves at $2,000,000. Now the poor man gets a cost of living increase to compensate: $440.00 to buy the same 200 loaves. The rich man also gets the same 10% to buy 1,000,000 loaves at $2,200,000. The gap of dollars between the rich and poor man did indeed widen by $199,960, BUT, the buying power of the rich man's money stays the same as does the buying power of the poor man's money. They both can still buy the same number of loaves of bread as before. This cycle will continue over the years and decades to come, but the money for each will provide the same results. Both can change their positions to further improve: The rich man can buy less bread and invest more money and the poor man can find a better paying job.

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post #5 of 32 (permalink) Old 04-02-2007, 09:42 AM
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I think you are selling a big loaf of bullshit.
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post #6 of 32 (permalink) Old 04-02-2007, 09:46 AM
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W now Ronald Reagan before, same suckers making excuses while food is being taken from their pantry.
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post #7 of 32 (permalink) Old 04-02-2007, 10:05 AM
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Quote:
Originally Posted by FeelTheLove
I think you are selling a big loaf of bullshit.
Where the hell are all these 'poor' people, anyway? I don't know one single person who is not doing better today than they were 2, 4 or even 8 years ago and I know plenty of low income people. I think the definition of poor is out of whack.

BTW, the shit I'm selling smells a helluva a lot better than some of that shit you rant about everyday.

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post #8 of 32 (permalink) Old 04-02-2007, 10:08 AM
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Quote:
Originally Posted by ThrillKill
Where does it put me if I cannot even understand the chart?
Look at the chart carefully. The narrower the gap, the wider the gap.

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post #9 of 32 (permalink) Old 04-02-2007, 10:09 AM
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Originally Posted by FeelTheLove
I think you are selling a big loaf of bullshit.
Please, just for the heck of it, make a counter-argument.
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post #10 of 32 (permalink) Old 04-02-2007, 10:31 AM
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Quote:
Originally Posted by cmitch
Where the hell are all these 'poor' people, anyway? I don't know one single person who is not doing better today than they were 2, 4 or even 8 years ago and I know plenty of low income people. I think the definition of poor is out of whack.

BTW, the shit I'm selling smells a helluva a lot better than some of that shit you rant about everyday.
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