r/FluentInFinance • u/ProgressiveSpark • 29d ago

Wealth inequality in America: beliefs, perceptions and reality. Discussion/ Debate

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What do Americans think good wealth distribution looks like; what they think actual American wealth inequality looks like; and what American wealth inequality actually is like.

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u/wrbear 29d ago

Do you actually think peons rub shoulders with politicians? I posted the top 10% but more like 5% or so.

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u/The_Jump_Humpers 29d ago

I honestly don't really know what you're talking about. Government contracts? Those aren't going to scientists or healthcare workers. The issue this video points out is how CEO pay is fucking ridiculous. Those aren't scientists or educators (i've never heard of a teacher or professor making bank) or doctors. From my understanding the big problem with wealth inequality isn't wage earners - it's people making money from capital gains from hoarding wealth. It seems like you have a problem with maybe the lobbying industry and people making money from 'rubbing shoulders with politicians'. I agree - that's a huge problem - buy doesn't have much to do with this video, and you're blaming the wrong people. I'm curious as to how you think people in science or education or the medical field are benefitting so much from the government?

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u/wrbear 29d ago

The National Science Foundation gets 11 billion yearly. Colleges get billions in government grants. That doesn't go to the hourly workers. My point is that maybe the institutions are part of the 1% tied to government waste and cronies.

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u/DxLaughRiot 29d ago

You know you can literally look up the pay employees get at public colleges and any other government position. There's no big mystery around it and they're absolutely NOT the 1%.

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u/wrbear 29d ago

Why do people think I'm posting about "employees"? Colleges are owned by wealthy groups. They have a board of trusties. They are charging more than what it should take, leaving students with debt that's being paid in tax dollars. The cabal is at full force, and the people are focused on someone like Elon. We'll played cabal." Is a college board rich?

Investments. In the year 2007, the College Board's net assets were worth 565 million dollars. Only twelve years later, in 2019, their net assets were worth 1.56 billion dollars