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The Second Gilded Age Is Here

posted by Fnord666 on Sunday October 29 2017, @08:01AM   Printer-friendly
from the goose-and-the-golden-egg dept.

Robotron writes:

Wealth inequality stands at its highest since the turn of the 20th century - the so-called 'Gilded Age' - as the proportion of capital held by the world's 1,542 dollar billionaires swells yet higher. The report, undertaken by Swiss banking giant UBS and UK accounting company PwC, discusses the roles technology and globalization play in the status quo, and appears two weeks after the IMF recommended that the rich should pay more tax to address the enormous disparity.

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  • (Score: 2) by The Mighty Buzzard on Sunday October 29 2017, @04:34PM (10 children)

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Sunday October 29 2017, @04:34PM (#589087) Homepage Journal

    Strawman. I said people can be civilized without the government forcing them, not that there should be no government. There is a vast gulf between small government and no government.

    --
    My rights don't end where your fear begins.
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  • (Score: 2) by jelizondo on Sunday October 29 2017, @10:20PM (9 children)

    by jelizondo (653) Subscriber Badge on Sunday October 29 2017, @10:20PM (#589228) Journal

    Give me an example of the type of government you believe exists that is qualitatively different from the government of the U.S., U.K., France, Germany or any other ‘civilized’ nation.

    • (Score: 0) by Anonymous Coward on Monday October 30 2017, @03:46PM

      by Anonymous Coward on Monday October 30 2017, @03:46PM (#589479)

      Buzzy doesn't give examples and doesn't explain his opinions beyond superficial ranting. He is a small minded fool whose only real argument is "why do you think it is OK to steal MY money to pay for someone else.". That is it, fill stop. Logic begins and ends right there for him.

    • (Score: 1) by khallow on Monday October 30 2017, @04:04PM (7 children)

      by khallow (3766) Subscriber Badge on Monday October 30 2017, @04:04PM (#589489) Journal
      The US of the Gilded Age.

      • (Score: 2) by jelizondo on Tuesday October 31 2017, @12:58AM (6 children)

        by jelizondo (653) Subscriber Badge on Tuesday October 31 2017, @12:58AM (#589799) Journal

        Either TMB forgot to switch accounts or you can read his mind!

        Assuming TMB is a straight arrow and would not be trying to fool us with multiple accounts, I gather you know what he's thinking. So tell me, where does he keep his stash?

        • (Score: 1) by khallow on Tuesday October 31 2017, @04:33AM (5 children)

          by khallow (3766) Subscriber Badge on Tuesday October 31 2017, @04:33AM (#589862) Journal
          You asked for an example not what TMB was thinking. The US of the Gilded Age was flawed, but it managed the basic functions of a democratic government with a much smaller relative size than anything in the present. US federal tax revenue between the Civil War and the First World War was well under 5% of GDP. Current revenue is several times larger than that.

          And if we are to believe the story, we're in the midst of a second gilded age despite the far larger governments of the present. Funny how they spend so much more without getting so much more.

          • (Score: 2) by jelizondo on Tuesday October 31 2017, @04:38AM (4 children)

            by jelizondo (653) Subscriber Badge on Tuesday October 31 2017, @04:38AM (#589864) Journal

            Give me an example of the type of government you believe

            Maybe I should have highlighted the part that reads 'you believe' as in referring to TMB?

            • (Score: 1) by khallow on Tuesday October 31 2017, @05:44AM (3 children)

              by khallow (3766) Subscriber Badge on Tuesday October 31 2017, @05:44AM (#589873) Journal
              Why do you consider that more important that an answer to your demand? Perhaps such grandstanding is beneath you?

              • (Score: 1) by jelizondo on Tuesday October 31 2017, @07:09PM (2 children)

                by jelizondo (653) Subscriber Badge on Tuesday October 31 2017, @07:09PM (#590158) Journal

                I want TMB's opinion, that is all. Not any opinion, but his.

                • (Score: 1) by khallow on Tuesday October 31 2017, @11:43PM (1 child)

                  by khallow (3766) Subscriber Badge on Tuesday October 31 2017, @11:43PM (#590283) Journal
                  You should have asked for it then.

                  • (Score: 2) by jelizondo on Wednesday November 01 2017, @01:50AM

                    by jelizondo (653) Subscriber Badge on Wednesday November 01 2017, @01:50AM (#590325) Journal

                    I'm sorry for the misunderstanding. I went back to my post and realized that it can be read perfectly as anybody/everybody being asked and that was not my intent. I apologize.