American capitalist cucks will defend this
Income inequality
>everybody should make the same no matter what their job is or how well they do it
>Capitalists
>Things go to shit after the end of the gold standard and hard currency
Wow, the mutt doesn't even understand the graph. No surprise.
gold is a shit standard, highly speculative and its value fluctuates like crazy (as in comparison with other physical goods). its not a conspiracy that everyone got rid of it, its logical.
and asteroid mining in the future will completely send this idea to hell forever
other first world countries dont have gold standard either, yet they dont suffer from this. so the cause is elsewhere - not adapting tax policy to counter the effects of automatization on wealth distribution, like other countries did.
sanders could have stopped this. this is the future you chose.
>other first world countries dont have gold standard either, yet they dont suffer from this. so the cause is elsewhere - not adapting tax policy to counter the effects of automatization on wealth distribution, like other countries did.
Every country is suffering from this specially european and latin american welfare states , check property prices in europe it's literally 4 decades of wages for a cuckshed now.
Gold was a good standard because it has a natural low inflation rate, thus the currency being backed by gold and convertible to gold mean the politicians had to balance budgets and prevent inflation.
Now if they fuck up in their planning they just export the inflation to the plebians.
Is that because of corporate greed or because of globalism though? When everything was made here wages were higher and everyone had jobs.
lol, what? How is it speculative and highly fluctuating? It's actually pretty stable will very little inflation because it's fixed to a commodity. The reason that countries went fiat is because then they government can print as much money as it likes and spend as much money as it likes because it isn't fixed to a commodity, so it can boost the economy.
Nobody's saying that, but the economy was better when most people were making closer to what their bosses were in the 1950s-1970s.
The trend started in the 1980s. Not when the gold standard was abolished.
Globalism is a symptom of greedy corporations. Fiscal conservatives like Ronald Reagan and George H.W Bush began the official negotiations for globalism and under free market ideals Clinton and W Bush finished sending the majority of our manufacturing overseas to China. Unfortunately the alternative is not pretty. Stagnant, corrupt businesses are the norm in Russia and Brazil where inferior products and services are hawked at obscene prices despite subsides due to a captive market. Jobs pay shit wages there too and cost of living is insane.
American working class wages went to China,India and Bangladesh. Owners of capital profited massively from this cut in production costs.
Simple as.
And btw, this IS capitalism. Americans got cucked, but hundreds of milions of other people profited
found the corporate bootlicker
>this IS capitalism
Naah, it is corporatism.
They can because even in the lefty party all the Karens and Boomers will vote for uncle joe and tell the commies to go.
Oh and the blacks who don't give one fuck for some the hymietown boy the pit smoking spics want
fuck off retard, sucks to be you I got mine why didnt you get yours instead of bitching all the time? Im sure you wouldve been satisified if only shekelberg gave you a bit more cash, surely we wouldnt be stuck in the same situation with you reeeing about why the bottom 50 percent dont have more than 20 percent of the wealth, fuck off ya poor retarded lazy shiftless parasite.
so when the last guy gets all the money do we eat him?
>I got mine
found the Repooplickin'
I don't defend ridiculous economic policies. We need some form of universal income at this point and only a child who fell for old neocon meme rhetoric would disagree.
found the retard who cant into personal finance or career building. Enjoy your life of wageslavery at starcucks. Cry some more while im loling at you in my mansion right now. No refunds ya bern victims.
Capitalist shills
Ironically enough immigration actually helps lower income inequality but you guys hate immigrants for some reason so enjoy being manipulated by capitalists to hate brown people lol
found the butthurt boi
>immigration actually helps lower income inequality
...in what calculus?
It's "ironic" bcoz false?
I'm rich, bitch.
no, he eats you
if youre so retarded ya cant save yourself in this economy ya would be good for nothing but wageslaving under any other system either, intelligent humans dont give a shite what happens to you faggots who shoved too many pencils up yer nose as a lad, get used to it buddy and cry some more :)
Hmm this chart I have looks really similar to the one you have.
literally havin a laugh in me mansion mate lol keep up the projection and cry some more
>shift started just after implemetation of welfare
you socialist idiots got tricked by smart capitalists once again
You realize income brackets aren't set-in-stone classes? A whole bunch of the 1% today were in the bottom 50% at some point.
>A whole bunch of the 1% today were in the bottom 50% at some point.
Falling this hard for the 1% mythology.
>keep up the projection
...keep up the amateur psychology, and defend yourself some more.
more than 80 percent of the ultra rich lose all their wealth by the 3rd generation in america, gee where are these new 1percenters coming from nah couldnt be new blood and new money, it's not like the term old money and new money mean anything! Fuck off ya uneducated plebs, dont you have an hourly job to get back to lol
>we eat him
youtube.com
Trend started in 1971 every fucking chart shows it , yea from 1971 to 1976 it seems that nothing changed that much but that's because the delay in the effect of things going to shit.
Some things like housing prices reacted fast and others slowly but it all started in 1971 , the charts don't lie.
Anyone saying otherwise is a keynsian shill.
>Globalism is a symptom of greedy corporations
Globalism is a way to hide the lost of purchasing power by outsourcing jobs to places were relative to hard things like gold wages are way less.
All things that can't be imported like housing , education or healthcare suffered massive inflation since 1971 , the rest not because globalism kept that fact hidden.
Top 1% is like 330k/year you fucking mong.
cry some more cuck with no money lol
more than 80 percent of the statistics you screech are fiction
...and remember, the best defense is a good offense -- so try to think of something good.
less fictional than bernie's utopia for you lol go on give him some more of your hard earned cash, he needs another house.
Oh sorry I got it wrong it's actually 90 percent ya retarded dipshit who cant even do a basic google search
marketwatch.com
>bernie's utopia
>google
L0Lno fgt pls
...try to focus.
Interesting pic (OP) - strange how culture went downhill when the line was crossed. 1995.
cry some more bitchboy, lol do you enjoy your job at starcucks? Ill have the vanilla latte, if ya hurry there's a nice dollar tip in it for you!
>vanilla latte
...yeah, you do seem to be that kind of guy.
hurry it up bitch boy your tip will be gone in another minute, and dont forget to address the customer as sir, you pauper cuck lol.
They bring wealth with them and boost the economy, making everyone richer. Maybe you're confused because the billionaires at Fox tell you to hate them... lol
>vanilla latte kind of guy
...yeah, an arrogant little limp-wristed bastard in "designer" clothes (L0L) who never did an honest day's work in his life.
That kind of guy.
Commies are literally brain damaged
Shut the fuck up and take advantage of the booming economy
no tip for you! Lmao no wonder youre dirt poor ya cant even make a simple latte. Go figure a retard would be poor, enjoy your life of wageslavery and debt since your brightest idea for climbing up was giving your wages to a decrepit old kike who scammed you not once but twice hahaha, buh bye and have a good life you loser.
>buh bye
confirmed for trust-fund zoomer
>capitalism looks like THAT?
APOLOGIZE
Who cares
oooh you so clevah
>capitalism produced global decline in poverty
L0Lno fgt pls
Lrn2technology
we all know youre still coping from the riden that biden gave your old kike bernie, why dont you go cool off over at r/sandersforpresident you trannie
YES
youtube.com
for the commies in need of an education
>Cantillon Effect
>Capitalism
the 70's is precisely when we started creating a government that we simply can't afford
reduce government into its constitutional footprint and we'll all get rich again
pastebin.com
>the riden that biden gave your old kike bernie
News Flash: this thread is about "income inequality".
Try to focus.
South American Cato shill detected. In your heart of hearts you know the free market is to blame for most of the worlds ills.
What is your job? I bet you get paid to push this evil agenda.
its a dumpster fire and yes my business had a "record" year of gaining worthless dollars because we have to prop of and empire of bureaucrats
Go to work
>leave gold standard
>stop merit based immigration
>bring in shit ton of poor, low skilled workers
>start more and more social welfare programs, keeping people at the bottom
CAPITALISM DID THIS
technology literally comes from capital investments
sorry sweetie did I trigger you by bringing up bernie? We all know how much you dedicated to him and how sad you are it just didnt work out, again.
precisely and Nixon took us all the way off the gold standard just before OP's meme chart
WE CANNOT AFFORD THE GOVERNMENT WE CREATED THEY ARE PSYCHOPATHS WITH HIGH WAGES GREAT BENEFITS AND EVEN BETTER PENSIONS