Drudge Retort: The Other Side of the News
Sunday, February 10, 2019

According to National Bureau of Economic Research's paper on Global Wealth Inequality: "Wealth concentration has followed a marked U-shaped evolution of the last century. It was high in the 1910s and 1920s, with a particularly fast increase in the second half of the 1920s. The top 0.1% wealth share peaked at close to 25% in 1929. It then fell abruptly in the early 1930s (in the context of the Great Depression) and continued to fall gradually from the late 1930s to the late 1940s (in the context of the New Deal and the war economy). After a period of remarkable stability in the 1950s and 1960s, the top 0.1% wealth
share reached its low-water mark in the 1970s, and since the early 1980s it has been gradually rising to close to 20% in recent years. U.S. wealth concentration seems to have returned to levels last seen during the Roaring Twenties."

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Open Borders should solve this issue .....
~ Progressives

Its hilarious progressives complain about income inequality when they promote open border barriers.....

And California leads the nation in Income Inequality ...
www.cnbc.com

Like I have said, the progressives talk the talk about caring for minorities, women and the middle class, but their solutions don't walk the walk.

Have a nice day!

#1 | Posted by AndreaMackris at 2019-02-10 04:25 PM | Reply | Funny: 1 | Newsworthy 2

Its hilarious progressives complain about income inequality when they promote open border barriers.....

#1 | POSTED BY ANDREAMACKRIS

Why would a person's status effect how much or how little they are paid, you know, if the person paying them wasn't aware that they were here illegally?

#2 | Posted by MrSilenceDogood at 2019-02-10 04:46 PM | Reply | Newsworthy 5

Andy it's not Californias fault you make so little compare to all the liberals in San Francisco.

#3 | Posted by Tor at 2019-02-10 05:47 PM | Reply

Show me where Democrats want unfettered immigration. You are just talking crap.

#4 | Posted by zarnon at 2019-02-10 08:53 PM | Reply | Newsworthy 1

And California leads the nation in Income Inequality ...

#1 | POSTED BY ANDREAMACKRIS

Yeah... they should try to be more like the Republican ---- hole states. Where all the smart people have moved to the Democrat states that actually have opportunities, so you are just left with low income workers without any real useful skills.

Trump was right about one thing. When you win all the time, you do eventually get tired of all the winning.

#5 | Posted by gtbritishskull at 2019-02-10 09:17 PM | Reply

#1 | POSTED BY ANDREAMACKRIS AT 2019-02-10 04:25 PM | FLAG: EYE ROLL

So what?
You talk like CA is a bad place... better to be poor in the richest state... than poor in Kansas.

#6 | Posted by RightisTrite at 2019-02-10 09:25 PM | Reply | Newsworthy 1

"Like I have said, the progressives talk the talk about caring for minorities, women and the middle class, but their solutions don't walk the walk."

Medicaid expansion walks the walk.
Trump tax cuts and Trump tariffs don't.

#7 | Posted by snoofy at 2019-02-10 09:32 PM | Reply

"And California leads the nation in Income Inequality ...
#1 | POSTED BY ANDREAMACKRIS"

As the largest state, it's most likely to have the highest income variance...

#8 | Posted by snoofy at 2019-02-10 09:37 PM | Reply

As the largest state, it's most likely to have the highest income variance...

And the climate and the beaches are huge real estate perks so only super rich people can afford them. That probably skews it a bit.

Proximity to Mexico undoubtedly skews it the other way.

BTW I think Alaska is the largest state.

#9 | Posted by REDIAL at 2019-02-10 09:43 PM | Reply

#1 is part of the problem, not the solution.

He named his new yacht, "School Kid's Lunches".

Tinkle Down failed yet again with Trump, and the New America Firsters are again the authoritarian nationalist racists that are destroying this country.

Our best economic years were those where the economic playing field was somewhat leveled with aggressive progressive taxation to tame a crony capitalism that, left on it's own, always flows wealth upwards.

#10 | Posted by Corky at 2019-02-10 10:37 PM | Reply | Newsworthy 1

California's 8th, not 1st.

Search for Gini coefficient states.

Don't ever make the assumption that the premise is correct.

#11 | Posted by YAV at 2019-02-10 10:45 PM | Reply

He named his new yacht, "School Kid's Lunches".

It was just a spinnaker, not a yacht. Don't get carried away.

#12 | Posted by REDIAL at 2019-02-10 10:47 PM | Reply

So... he had that printed on the spinnaker.

The yacht is in his bathtub with the yellow, er, orange rubber duckie.

#13 | Posted by Corky at 2019-02-11 12:18 AM | Reply

Redial, in terms of population, the state with the most people should have the most inequality, all things being equal.

#14 | Posted by snoofy at 2019-02-11 01:14 AM | Reply | Funny: 1

Well it certainly explains why socialism is no longer a bad word.

#15 | Posted by RightisTrite at 2019-02-11 04:32 AM | Reply

Open Borders should solve this issue .....
~ Progressives

#1 | POSTED BY ANDREAMACKRIS

Why are you such a liar? Why bother to post?

Democrats don't support open borders. They just don't support wasting money on a wall that won't work.

You're pathetic.

#16 | Posted by Sycophant at 2019-02-11 11:14 AM | Reply | Newsworthy 2

Trump is the best at everything. He'll be the best at crashing the economy, believe him.

#17 | Posted by jpw at 2019-02-11 12:08 PM | Reply

Um, seriously, this came out a few years ago. And a few years before that. Same study, just different studiers. We know there is a problem. Why don't you spend all that time and money to come up with viable solutions? Tuition rates continue to climb while we get this kind of rehashed crap every couple of years.

#18 | Posted by humtake at 2019-02-11 12:36 PM | Reply

The wealthy own assets and investments. Those have increased tremendously over the last decade so of course they are worth much more. [Hell, my buy and hold long term portfolio has grown proportionally thanks to the markets and I am not wealthy.] Now add to that, we have a nation where so many spend more than they earn [credit debt], and of course the wealth discrepancy has grown.

Our economy is not a zero sum game and new wealth continually being created - new millionaires are created annually. I am sure no one here has had their wages reduced in order for the wealthy to have more. In fact, I have never talked to anyone who was being paid less than what they accepted upon being hired, as, had that happened I am sure they would have quit that employer and found another.

#19 | Posted by MSgt at 2019-02-11 02:50 PM | Reply

the economic playing field was somewhat leveled with aggressive progressive taxation

How can you "level" when the only thing you are doing is taking from one productive citizen and giving their production to someone who isnt producing? That's not leveling the playing field, that theft.

There needs to be a skills "leveling", not a redistribution leveling.

#20 | Posted by boaz at 2019-02-11 02:54 PM | Reply

#20 hey moron, what do you think the current economy is doing?

Or do you really believe a CEO deserves several hundred fold higher compensation because they do several hundred fold more work than the employees?

The joke with you is about feet but your constant rim jobbing or corps makes you seem like a definite --- man.

#21 | Posted by jpw at 2019-02-11 09:06 PM | Reply

"The wealthy own assets and investments. Those have increased tremendously over the last decade so of course they are worth much more."

Then their taxes should go up proportionately.

Instead, they got a tax break, and your taxes went up, and you're happy about it.

#22 | Posted by snoofy at 2019-02-11 09:15 PM | Reply | Newsworthy 1

"Or do you really believe a CEO deserves several hundred fold higher compensation because they do several hundred fold more work than the employees?"

If that's the case, he also thinks a CEO of today is doing like 20x the work of a CEO from a few decades ago.

#23 | Posted by snoofy at 2019-02-11 09:16 PM | Reply

Thank Carter, Reagan, BushI, Clinton, BushII, Obama and now our buffoon President Trump. One way or the other, they've all made it worse for working people, because they get more campaign dollars that way. As a general rule Republicans are in your face and Democrats are two faced.

#24 | Posted by bayviking at 2019-02-11 09:44 PM | Reply | Newsworthy 1

There needs to be a skills "leveling", not a redistribution leveling.

#20 | POSTED BY BOAZ

There are, and probably always will be, "low skill" jobs that must be done, e.g., cleaning office buildings, hotel housekeeping, etc. Should the people who do those jobs (which will always be needed) not be able to support a family? Doesn't that create a permanent underclass? Is that somehow a good thing to you?

#25 | Posted by WhoDaMan at 2019-02-11 11:17 PM | Reply | Newsworthy 1

"Should the people who do those jobs (which will always be needed) not be able to support a family? "

Boaz's answer for this is he's not his brother's keeper, so it doesn't matter to him.

#26 | Posted by snoofy at 2019-02-11 11:19 PM | Reply | Newsworthy 1

There needs to be a skills "leveling", not a redistribution leveling.

#20 | POSTED BY BOAZ AT 2019-02-11 02:54 PM | REPLY | FLAG:

Wish upon a star Boaz.

#27 | Posted by BruceBanner at 2019-02-11 11:26 PM | Reply

Why would a person's status effect how much or how little they are paid, you know, if the person paying them wasn't aware that they were here illegally?
#2 | POSTED BY MRSILENCEDOGOOD

Damn, these Drudge questions are so hard. - Mackris

#28 | Posted by CrisisStills at 2019-02-12 06:01 AM | Reply

Or do you really believe a CEO deserves several hundred fold higher compensation because they do several hundred fold more work than the employees?

Thinking up the product and managing it absolutely deserves more compensation. Without CEO's and owners of businesses, There would be no jobs for the average guy to walk up and get, because obviously, if the average joe had thought it up, he would be hiring people.

If I make a grass cutting business, I'm the owner...

I buy the equipment, I file for the business license. I go get the yards to cut. I fill out a business plan. I figure out taxes. I figure out business finances.

So you think the guy I hire to rake up leaves should make anywhere near what the owner makes?

You people are sick.

#29 | Posted by boaz at 2019-02-12 09:18 AM | Reply

Thinking up the product and managing it absolutely deserves more compensation.

The question wasn't simply "more." It was "several hundred fold more."

But i'm all for CEOs setting their own pay, so long as they actually pay a tax rate in line with what they pay in the other wealthiest nations, and so long as their workers can earn a living as well.

#30 | Posted by JOE at 2019-02-12 09:26 AM | Reply

Should the people who do those jobs (which will always be needed) not be able to support a family? Doesn't that create a permanent underclass?

Low skill jobs are just that, low skill. Which means there are tons of people who can do the job. And natural competition mandates that the value of that skill is low. Having the ability to take care of a family is expensive in today's life. You arent owed a comfortable life. It has to be earned. I'm sorry that's the way of the world now, but it is what it is. And no, without a needed skill in todays job market, you are not owed the ability to care for a family with a minimum wage job.

Does it make a permanent underclass? Probably. You may look at it as an underclass. I see a bunch of people who arent making good decisions as it applies to their adult life. You have plenty of time to turn your life around. And the older you get, the tougher those actions become.

#31 | Posted by boaz at 2019-02-12 09:27 AM | Reply

so long as they actually pay a tax rate in line with what they pay in the other wealthiest nations

Why are you concerned with other nations? That in itself would anger me. What other nations are doing has nothing to do with us...

#32 | Posted by boaz at 2019-02-12 09:29 AM | Reply

#32, simply because without some consistency in tax laws the jetsetters of this world simply play one country against another to dodge US taxes while living in the USA, or other country they are dodging taxes from. A staggering amount of money is involved. None of this class of money is being put to any useful purpose, its just a family endowment.

#33 | Posted by bayviking at 2019-02-12 09:54 AM | Reply

Why are you concerned with other nations? That in itself would anger me.

Of course it would. You're an angry little bitch.

#34 | Posted by JOE at 2019-02-12 09:56 AM | Reply | Funny: 1

#33 Good point. In addition to that, the other wealthiest nations on earth manage to provide for the basic needs of their citizens at a level that makes the United States look borderline third-world. Perhaps not coincidentally, their wealthiest people pay a lot more in taxes.

The only reason that isn't happening here is because American billionaires have successfully duped millions of idiots like Boaz into rooting for a class they will never, ever come close to being a part of.

#35 | Posted by JOE at 2019-02-12 09:59 AM | Reply

Does it make a permanent underclass? Probably. You may look at it as an underclass. I see a bunch of people who arent making good decisions as it applies to their adult life. You have plenty of time to turn your life around. And the older you get, the tougher those actions become.

#31 | POSTED BY BOAZ

But in your scenario, the society requires people who "aren't making good decisions" in order to have the garbage from "the productive class" picked up from the streets and cleaned from their offices. Therefore it would be counterproductive for the society to help them make "better decisions" because then the "productive" a******s would have to clean up after themselves or live in filth. Gotta have those "bad decision makers" to keep the wheels turning.

Your rejection of "I am my brother's keeper" seems out of step in a country where the vast majority claim to be Christians.

Oh, that's right. Since we're not a "democracy" who gives a s*** what the majority wants, right?

#36 | Posted by WhoDaMan at 2019-02-12 10:29 AM | Reply

None of this class of money is being put to any useful purpose, its just a family endowment.

That's none of your business. Who are you to tell someone else how to use their personal money?

#37 | Posted by boaz at 2019-02-12 11:03 AM | Reply

Your rejection of "I am my brother's keeper" seems out of step in a country where the vast majority claim to be Christians.

Like most liberals, you are confusing private with public life.

I give in my private life, like a good christian should do. And that's between my God and me.

But in my public life, I still think my taxes should only go toward infrastructure and other such projects, not redistributed to the poor. That's not the job of government.

#38 | Posted by boaz at 2019-02-12 11:05 AM | Reply

to have the garbage from "the productive class" picked up from the streets and cleaned from their offices.

There's alot of people who know how to pick up garbage. It's not a skill that's rare.

#39 | Posted by boaz at 2019-02-12 11:07 AM | Reply

Since we're not a "democracy" who gives a s*** what the majority wants, right?

We are a collection of states. I dont care what the "majority" in your state wants.

#40 | Posted by boaz at 2019-02-12 11:09 AM | Reply

We are a collection of states. I dont care what the "majority" in your state wants.

#40 | POSTED BY BOAZ

And yet you want all the other states to conform with what the "majority" in your state wants. BTW, why the "" around majority? Are you implying that a "majority" is something different than a majority?

It appears you took your oath to the Articles of Confederation rather than the Constitution of the United States which replaced it. The Constitution provides a Federal Government with Supremacy over the states.

"We the People of the United (not "Several") States"

#41 | Posted by WhoDaMan at 2019-02-12 11:23 AM | Reply | Newsworthy 1

"Nowhere in the document is there wording about states being "independent sovereigns." And, the words aren't there because the Framers the likes of George Washington and James Madison willfully removed them, with prejudice as a court might say.

General Washington despised the concept of state sovereignty viscerally because of his experience as commander-in-chief of the Continental Army, which often suffered when states reneged on promised support. Madison saw the Articles of Confederation threatening the nation's hard-won independence and holding back the nation's economic growth.

As the chief architect of the Constitution, Madison gave the federal government sweeping authority over a wide variety of national matters, including commerce. He wanted to give Congress direct power over state laws but settled for federal courts having the authority to review and strike down state statutes." consortiumnews.com

But I guess you know more about the intent of the Constitution than the people who wrote it.

#42 | Posted by WhoDaMan at 2019-02-12 11:31 AM | Reply

I dont care what the "majority" in your state wants.

...he said, while living in a state thatis a net taker from the federal government and is essentially bankrolled by places like California.

You're one of the dumbest MF'ers here. I hope the other people our military hands a gun to have a bit more brains.

#43 | Posted by JOE at 2019-02-12 12:04 PM | Reply

The Constitution provides a Federal Government with Supremacy over the states.

For someone who wants to look like he is so educated, you are supremely stupid.

Evidently you havent heard of Amendment X.

#44 | Posted by boaz at 2019-02-12 03:25 PM | Reply

Bozo,
Tax dodging is an important policy issue. How much money circulates is an issue economists and the Fed track. When it is taken out of circulation the economy shrinks. So that is important to everyone. Get it yet.

To which he I must add, if your State decides to segregate schools again or deny funding to predominantly black schools, the Feds must move in and stop it. Same if your State elects to pollute it's rivers .....

#45 | Posted by bayviking at 2019-02-12 04:00 PM | Reply

Evidently you havent heard of Amendment X.

#44 | POSTED BY BOAZ

No, but Madison who I quoted above, wrote Amendment X, so he probably understood it at least as well as you do.

#46 | Posted by WhoDaMan at 2019-02-12 06:10 PM | Reply

Actually, I have heard of Amendment X, obviously. I do not think it means what you think it means.

#47 | Posted by WhoDaMan at 2019-02-12 06:11 PM | Reply

Open Borders should solve this issue .....
~ Progressives

Its hilarious progressives complain about income inequality when they promote open border barriers.....

And California leads the nation in Income Inequality ...
www.cnbc.com

Like I have said, the progressives talk the talk about caring for minorities, women and the middle class, but their solutions don't walk the walk.

Have a nice day!

#1 | Posted by AndreaMackris

Scaring americans about fake threats from mexicans should distract them enough so we don't have to solve this issue....

-Conservatives

Have a nice bankruptcy!

#48 | Posted by SpeakSoftly at 2019-02-12 06:36 PM | Reply

Does it make a permanent underclass? Probably. You may look at it as an underclass. I see a bunch of people who arent making good decisions as it applies to their adult life.

#31 | Posted by boaz

Sure you do. Because that's what fox news tells you they are. Dont worry about the credibility of your sources of info.

#49 | Posted by SpeakSoftly at 2019-02-12 06:38 PM | Reply

Its hilarious progressives complain about income inequality when they promote open border barriers.....

#1 | POSTED BY ANDREAMACKRIS

I'm pretty sure you once said that you source foreign workers for a living. Am I wrong?

#50 | Posted by Whatsleft at 2019-02-12 07:03 PM | Reply

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