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This Land is Their Land...... - 11/19/2011 3:46:56 PM   
hlen5


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http://www.prosebeforehos.com/image-of-the-day/10/25/if-american-land-was-divided-like-american-wealth/

Just found this and thought others might like to see it, too.
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RE: This Land is Their Land...... - 11/19/2011 4:01:40 PM   
willbeurdaddy


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Wealth disparity is a false complaint because its not the same people in the different wealth categories over time. There was a recent longitudinal study that showed over a 10 year period (1999 to 2009 I believe) only 16% of the bottom Quintile (ie 3.2% of the population) was still in the bottom quintile 10 years later, and 18% of them had reached the top quintile...yes...more of the bottom quintile reached the top quintile than remained in it.

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RE: This Land is Their Land...... - 11/19/2011 4:36:38 PM   
kdsub


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Ahhhh... I love the big sky country

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RE: This Land is Their Land...... - 11/19/2011 5:33:10 PM   
tazzygirl


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quote:

ORIGINAL: willbeurdaddy

Wealth disparity is a false complaint because its not the same people in the different wealth categories over time. There was a recent longitudinal study that showed over a 10 year period (1999 to 2009 I believe) only 16% of the bottom Quintile (ie 3.2% of the population) was still in the bottom quintile 10 years later, and 18% of them had reached the top quintile...yes...more of the bottom quintile reached the top quintile than remained in it.


This wouldnt happen to be your source, would it?

http://dailycapitalist.com/2011/10/31/wealth-disparity-and-wall-street-the-owsers-are-wrong/

If not, I would like to see what it is.

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RE: This Land is Their Land...... - 11/19/2011 6:24:13 PM   
pyroaquatic


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Can robots replace all of us?

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RE: This Land is Their Land...... - 11/19/2011 7:12:20 PM   
hlen5


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quote:

ORIGINAL: pyroaquatic

Can robots replace all of us?


Pyro! Where have you been??

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RE: This Land is Their Land...... - 11/19/2011 7:21:10 PM   
tj444


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quote:

ORIGINAL: pyroaquatic
Can robots replace all of us?

hmmmm... werent there a few movies made about that scenario???

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RE: This Land is Their Land...... - 11/20/2011 2:42:30 AM   
Politesub53


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quote:

ORIGINAL: willbeurdaddy

Wealth disparity is a false complaint because its not the same people in the different wealth categories over time. There was a recent longitudinal study that showed over a 10 year period (1999 to 2009 I believe) only 16% of the bottom Quintile (ie 3.2% of the population) was still in the bottom quintile 10 years later, and 18% of them had reached the top quintile...yes...more of the bottom quintile reached the top quintile than remained in it.



Nonsense, and thats being polite. Even on your own unsourced figures ( IF true) show only 0.05 % of the population made it into the wealthiest 1.0 %. Are you seriously suggesting that none of those breaking into the top came from the big percentage in the middle of your two figures. It is incredible that someone who claims to be a maths expert can be so disingenuous. Sure there is a turnover at both ends of the spectrum but the notion that wealth disparity is a "false complaint" is somewhat crass.

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RE: This Land is Their Land...... - 11/20/2011 4:23:26 AM   
Fellow


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I agree, the study shown by "insane" is not correct. Social mobility in the US has fallen to Third World level. http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#despite-the-myth-of-social-mobility-poor-americans-have-a-slim-chance-of-rising-to-the-upper-middle-class-8

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RE: This Land is Their Land...... - 11/20/2011 5:21:16 AM   
bighappygoth39


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What, you mean there's less social mobility in the States than in countries with a hereditary nobility that are run by unelected monarchs?
Quelle horreur!


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RE: This Land is Their Land...... - 11/20/2011 6:05:59 AM   
xssve


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quote:

ORIGINAL: willbeurdaddy

Wealth disparity is a false complaint because its not the same people in the different wealth categories over time. There was a recent longitudinal study that showed over a 10 year period (1999 to 2009 I believe) only 16% of the bottom Quintile (ie 3.2% of the population) was still in the bottom quintile 10 years later, and 18% of them had reached the top quintile...yes...more of the bottom quintile reached the top quintile than remained in it.
Uh, that would include college graduates and adolescents in the workforce, and typically, as you get older and retire, you sink back down into the lower quintiles, the old and the young are a perpetual underclass, so typically, your statistics are the usual bullshit half truth.

Other studies indicate that economic mobility has stagnated - the people moving up are kids whose parents are wealthy enough to send them to college, and the connections to help them find well paying jobs. When they graduate, they're in the bottom quintile, they just don't stay there, duh.

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