Author Topic: Incomes Collapsing in the US  (Read 346 times)

Offline SirJohn

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Re: Incomes Collapsing in the US
« Reply #60 on: February 18, 2017, 11:19:48 am »
I picked one of the measures you suggested (total, 1%) and saw that it in fact did not peak in 2006 but continued to increase yearly with the exception of 2009 where it decreased only marginally and then started to soar back up.

It said 'top end income shares' not 'total top end income'. You provided a figure which shows the total average income has increased over time but that in no way contradicts the statement that the share of the total income taken in by the 1% has fallen as compared to the whole.

Offline ?Impact

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Re: Incomes Collapsing in the US
« Reply #61 on: February 18, 2017, 11:37:49 am »
It said 'top end income shares' not 'total top end income'. You provided a figure which shows the total average income has increased over time but that in no way contradicts the statement that the share of the total income taken in by the 1% has fallen as compared to the whole.

I see you are implying that unless the top 1% are taking more and more of the pie then something is wrong with the world. There is no opportunity to improve the lot of the rest.

Offline SirJohn

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Re: Incomes Collapsing in the US
« Reply #62 on: February 18, 2017, 11:46:21 am »
I see you are implying that unless the top 1% are taking more and more of the pie then something is wrong with the world. There is no opportunity to improve the lot of the rest.

Uhm no. I'm saying that in a discussion on income inequality you need a comparison point. According to the information I and Cybercoma posted the share of total incomes the 1% have been taking has fallen (in Canada), not risen, in the last ten years.

Offline Blueblood

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Re: Incomes Collapsing in the US
« Reply #63 on: February 19, 2017, 10:11:45 am »
I see you are implying that unless the top 1% are taking more and more of the pie then something is wrong with the world. There is no opportunity to improve the lot of the rest.

The pie also gets bigger...

Offline ?Impact

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Re: Incomes Collapsing in the US
« Reply #64 on: February 19, 2017, 10:22:29 am »
The pie also gets bigger...

Yes, but to put in in context. Between 2006-2014, the top 1% increased their own income by more than the median income, and over 80% of the average income of everyone. You could say that while the guy at the bottom got a cherry on top of his slice, the 1% got another whole pie.

Offline Blueblood

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Re: Incomes Collapsing in the US
« Reply #65 on: February 19, 2017, 12:06:19 pm »
Yes, but to put in in context. Between 2006-2014, the top 1% increased their own income by more than the median income, and over 80% of the average income of everyone. You could say that while the guy at the bottom got a cherry on top of his slice, the 1% got another whole pie.

So the 1% makes money?  The poor still have their tvs, food, internet, and computers.  By all means put it in context, the poor in Canada have a better standard of living compared to others in the world.