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White is the new black, 50 is the new 40, and now poverty is the new slavery. The fact that one percent of the nation's richest individuals control 42 percent

White is the new black, 50 is the new 40, and now poverty is the new slavery. The fact that one percent of the nation's richest individuals control 42 percent of the nation's wealth is, to me, a stunning revelation in the wake of a recession. When you say things like this, you presuppose a world where we could take all the money, put it in a pile, then share it equally. But such worlds do not exist among systems of intelligent actors working in their best interests. Poverty is a symptom, not a problem. The author doesn't go into what it's a symptom for, perhaps because such detailed analysis of how we got here is beyond his ability, or perhaps he just wants to have a good lament and rant. Don't know. But in either case, I got nothing from this aside from "bad things suck"

toomuchcoffee 14y ago
When you say things like this, you presuppose a world where we could take all the money, put it in a pile, then share it equally. This is an obvious non-sequitur, of course.
toomuchcoffee 14y ago
Poverty is a symptom, not a problem. Also, I'm not sure what observations could be offered in support of this rather bold contention you're making here. Yet you seem to be stating it as if it were something intuitively obvious, practically standing on its own merit.
summerdown2 14y ago
> When you say things like this, you presuppose a world where we could take all the money, put it in a pile, then share it equally. This argument could be made regardless of the numbers. 0.1% of the nations richest individuals control 42 percent of the nations wealth? One person controls 42 percent of the nations wealth? Surely at some point enough is enough?