What do each of US feel about Wealth Inequality.

[upthetigers]

Yeah, good looking women until she peeled here face off.

Desperate times call for desperate measures, I'd have a crack 😂

 

[hammertime]

I suspect were in the same industry...

Interesting Spartan... will DM you.

 

[Tucker]

Can you expand on what you mean here with an example?

There are incredible people out there, who built fortunes and are considered to possess true wealth who are still puppets on strings as they are not members of systemic power.
Take Kanye West as an example. Early on he used his celebrity to become an activist, however he never went all the way. He was still establishment, marrying a Kadashian, supporting Obama, raging against how blacks were treated etc…and this grew his personal brand far quicker than his music could make him money and became a multi billionaire very quickly through incredible endorsements from massive multinational corporations.
He then started speaking out about the systems in Hollywood, the Jews, the corruption etc. They immediately came for him, ruining his reputation - he was now a crazy racist and then they took all those endorsements and contracts away in an attempt to ruin him financially almost over night - costing him many billions of dollars.
Had he continued down that path, he would have faced further consequences.

 

[Tom Shines]

The goal appears to be a society where people are placed into jobs based on their IQ and abilities. Everyone fulfils their roll, and somehow we become a more enlightened and prosperous society.

No one really knows what’s going to happen with AI… but I have seen some really smart people say to look out…

I find it hard to imagine that if it’s doing most of the jobs , that 8 billion of us will be kept around doing nothing …whoever is running things then mightnt think that’s a very efficient use of resources..

 

[Tim Sheens]

Liar ,,,I’ve only ever posted here about football until this

Rubbish, you have engaged in other general threads and liked numerous posts espousing that crap, including sections deleted by the mods. That is why both I and others knew of your political persuasion prior to this thread, but you are free to continue being disingenuous.

 

[Tim Sheens]

The challenge we have is that the boomers control the biggest voting block, so policy has been shaped to them over their entire lives.

Until we see that shift, or they start to care about the generations to follow, not much will change.

That has finally turned, with boomers no longer as prominent and no more evident than what occurred on May 3rd this year.

 

[Tucker]

That has finally turned, with boomers no longer as prominent and no more evident than what occurred on May 3rd this year.

You are so caught up in your hatred for the right that you have become blinded to how the world really works.
We are no better off with Albo getting another spin and it is every bit as ludicrous to suggest so as it is to state Liberals would have been better.

 

[Tom Shines]

Rubbish, you have engaged in other general threads and liked numerous posts espousing that crap, including sections deleted by the mods. That is why both I and others knew of your political persuasion prior to this thread, but you are free to continue being disingenuous.

Absolute Bullshit …

@Spartan117 - is this lying permitted ?

I have literally never commented on any political debate prior to this one …never once can I recall mentioning your orange skinned mate …find a post !

 

[Tom Shines]

You are so caught up in your hatred for the right that you have become blinded to how the world really works.
We are no better off with Albo getting another spin and it is every bit as ludicrous to suggest so as it is to state Liberals would have been better.

Obviously knows how to tell some porkies too ,,,

 

[Betterdays22]

Rubbish, you have engaged in other general threads and liked numerous posts espousing that crap, including sections deleted by the mods. That is why both I and others knew of your political persuasion prior to this thread, but you are free to continue being disingenuous.

Sheensie mate our views broadly align politically but there is nothing to be gained from attacking other posters like TS, who mostly seems to keep away from the politcal argy bargh that goes on here. Not helping your cause

 

[twentyforty]

I don’t think it’s a good idea to constantly increase taxes, regardless of the entity or its level of wealth. Why not encourage the wealthy to gift, or set up charitable funding subsidiaries, like many already have done.
Venture capital has provided an increased standard of living, including health benefits, which the public sector could not afford.
Why weaken this conduit?

 

[Tim Sheens]

Hard work in certain industries mate. I get paid very well in my job, but i know there those in aged care, hospitals, social work who are better people and dont focus on money.

Equating hard work to money is not correct. And if everyone focused on paypacket, we'd be a horrible place.

But regardless, the issue is actually not income. Its asset accumulation. Disparity will continue to grow as the outgoings, as a percentage of wealth, for super wealthy are a smaller than the rest. Meaning it just compounds and continues to grow.

We need better taxation on asset gains held in Australia. It also solves the problem of people moving overseas from income tax.

Some very pertinent points there hammer, particularly those relating to the financially unappreciated female dominated care industries.

Apart from regulation of crypto, a myriad of tax changes are needed, particularly targeting massive wealth. For starters, a simple minuscule tax on all financial transactions hits every single potential accumulation and transfer of wealth, whilst having very little effect on the poor.