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/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/The_Jump_Humpers 29d ago

The federal budget is over 6 trillion. Your talking about 1.5% of that going to important science endeavors to advance America and the world. Why not talk about the $800 billion in defense?

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u/wrbear 29d ago

What's wrong with you I included "munitions" in my original post. I'm assuming all your doing is trying to win a discussion. As far as 6 TRILLION, you glossed over the 6 TRILLION to post a rebuttal to my example of 1.5%, an example. I'm done here, later.