63% of Americans under 30 agree with "spreading the wealth"

[Fox McCloud]

give it another 5-10 years (or sooner, if we have another huge depression) and that number will, sadly, probably rocket up to 80+%

 

[Ozwest]

give it another 5-10 years (or sooner, if we have another huge depression) and that number will, sadly, probably rocket up to 80+%

Sorry mate,

This recession/depression may not end in 10 years.

 

[Ozwest]

Gonna wet a line and catch some breakfast.

Adios!

 

[Fox McCloud]

Sorry mate,

This recession/depression may not end in 10 years.

never said it was going to end in 10 years; I just said that if a severe depression doesn't happen by my "5-10" year frame, then at the end of that time frame that number is likely to be higher than 63%.

My point was that the number will probably move higher and at a lot faster pace if we have a severe Depression.

 

[Ozwest]

never said it was going to end in 10 years; I just said that if a severe depression doesn't happen by my "5-10" year frame, then at the end of that time frame that number is likely to be higher than 63%.

My point was that the number will probably move higher and at a lot faster pace if we have a severe Depression.

Fair enough.

Gonna catch me a Schnapper!

Cheers.

 

[Nirvikalpa]

That's because it sounds great. Unfortunately young people in America are swayed by words without understanding the underlying problem those words might have. But it sounds great. That's why they flock to Obama and his words of 'change' - they think of Obama getting in and not being like Bush - they don't do any real research.

 

[Uriel999]

That's because it sounds great. Unfortunately young people in America are swayed by words without understanding the underlying problem those words might have. But it sounds great. That's why they flock to Obama and his words of 'change' - they think of Obama getting in and not being like Bush - they don't do any real research.

yup, and they get their news from the tube.

 

[Fox McCloud]

That's because it sounds great. Unfortunately young people in America are swayed by words without understanding the underlying problem those words might have. But it sounds great. That's why they flock to Obama and his words of 'change' - they think of Obama getting in and not being like Bush - they don't do any real research.

Also I think there are some truly compassionate individuals out there who want to help the down and out as much as they can, but unfortunately they don't always think completely through the entire process (coercively taking money from one group and giving to another) or realize that individual, private efforts are way more successful than collective public efforts.

 

[Conservationist]

http://www.rasmussenreports.com/public_content/politics/election_20082/2008_presidential_election/democrats_favor_spreading_wealth_around_gop_disagrees

Game over. Once the greatest generation dies off America is gonna become France.

People reach maturity at age 35 these days, where they would have been there at 18 or 21 in the past.

Give it time... also, people under 30 don't own homes or have any money, with a few exceptions. Of course they want the wealth spread.

 

[Andrew-Austin]

People reach maturity at age 35 these days, where they would have been there at 18 or 21 in the past.

Give it time... also, people under 30 don't own homes or have any money, with a few exceptions. Of course they want the wealth spread.

Saying it that way makes it sound like their determined to grab other peoples money through the state... I'm broke and I don't have a house, the problem is just ignorance. I do agree that people 'mature' at a much later age nowadays though.

 

[TastyWheat]

33% dont agree. That number is higher than I would have thought! The only reason it is popular is because OBAMA said it. Now if Bush said "spread the wealth around" then 10% would agree with it.

I would agree. Howard Stern did a man-on-the-street segment where people were agreeing with McCain's ideas when they thought they were actually Obama's ideas.

 

[Crowish]

I would agree. Howard Stern did a man-on-the-street segment where people were agreeing with McCain's ideas when they thought they were actually Obama's ideas.

I heard that when Rollye James re-played it on her radio show. It was very sad.

 

[RSLudlum]

Wow, I guess the Fabian socialists have gained quite a footing here, slowly but surely they have taken America. I guess that's why their 'mascot' is a turtle, the turtle may be slow but it always beats the hare in the end of the race.

Guess who was also a member of the Fabian Society? The very father of our current economic system, John Maynard Keynes.

 

[Mesogen]

 

[cheapseats]

Also I think there are some truly compassionate individuals out there who want to help the down and out as much as they can, but unfortunately they don't always think completely through the entire process (coercively taking money from one group and giving to another)

Do Gooders.

It's not just the Robin Hood thing which, let us be real, is a story of abiding popularity. It bears quick mention that there is nothing clever or Christian about giving away Other People's Money.

But as well there is the the pie-in-the-sky-spare-no-expense-ness. Do Gooders believe that, if enough money is brought to bear, everyone can be protected from everything.

or realize that individual, private efforts are way more successful than collective public efforts.

Military? Space exploration? Interstate Highway System?

Blackwater is "successful." Private "security" is a hop, skip and a salute from Loyalist Forces.

 

[cheapseats]

I would like to know what percent of Americans under 30 agree with "spreading the wealth" and also receive ongoing assistance from either parents or government.

 

[muzzled dogg]

wowwwwwwwwwwwwwwwwwwwwwww

 

[Truth Warrior]

Wealth, Income, and Power

This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators.

Some of the information might be a surprise to many people. The most amazing numbers come last, showing the change in the ratio of the average CEO's paycheck to that of the average factory worker over the past 40 years.

First, though, two definitions. Generally speaking, "wealth" is the value of everything a person or family owns, minus any debts. However, for purposes of studying the wealth distribution, economists define wealth in terms of marketable assets, such as real estate, stocks, and bonds, leaving aside consumer durables like cars and household items because they are not as readily converted into cash and are more valuable to their owners for use purposes than they are for resale (Wolff, 2004, p. 4, for a full discussion of these issues). Once the value of all marketable assets is determined, then all debts, such as home mortgages and credit card debts, are subtracted, which yields a person's net worth. In addition, economists use the concept of financial wealth, which is defined as net worth minus net equity in owner-occupied housing. As Wolff (2004, p. 5) explains, "Financial wealth is a more 'liquid' concept than marketable wealth, since one's home is difficult to convert into cash in the short term. It thus reflects the resources that may be immediately available for consumption or various forms of investments."

We also need to distinguish wealth from income. Income is what people earn from wages, dividends, interest, and any rents or royalties that are paid to them on properties they own. In theory, those who own a great deal of wealth may or may not have high incomes, depending on the returns they receive from their wealth, but in reality those at the very top of the wealth distribution usually have the most income.
[h3]The Wealth Distribution[/h3]
In the United States, wealth is highly concentrated in a relatively few hands. As of 2001, the top 1% of households (the upper class) owned 33.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 51%, which means that just 20% of the people owned a remarkable 84%, leaving only 16% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth, the top 1% of households had an even greater share: 39.7%. Table 1 and Figure 1 present further details drawn from the careful work of economist Edward N. Wolff at New York University (2004).

Rest of the article: http://sociology.ucsc.edu/whorulesamerica/power/wealth.html

 

[Truth Warrior]

 

[nickcoons]

"A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money." - G. Gordon Liddy