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Joined: Nov 2006
Posts: 4,163
Hall of Famer
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Hall of Famer
Joined: Nov 2006
Posts: 4,163 |
jc Sanders: We should not be the country that has … more wealth and income inequality than any other country.
This is simply false.
When we first criticized Sanders for a similar claim back on May 28, he at least qualified it by saying U.S. inequality was the widest of any “major” country. As we said in May, that’s true only if Sanders excludes nations such as Russia, Turkey and Brazil from his definition of “major.”
But in the debate, Sanders substituted “any” for “major,” and turned what we charitably called an exaggeration into a flat-out falsehood.
We found that the U.S. ranked 42nd in income inequality using the “Gini index,” a widely used measure of inequality, according to the World Bank.
And as for wealth, the U.S. ranked 16th in the share of wealth held by the richest 1 percent, out of the 46 economies studied. Russia, Turkey, Egypt and Brazil were among those whose top 1 percent held more of their nations’ wealth. That was according to the 2014 “Global Wealth Databook.”
Update, Oct. 14: After this article was posted, we also reviewed the 2015 edition of the Global Wealth Databook, which was published earlier in October by Credit Suisse. It tells much the same story as the 2014 edition.
The share of wealth held by the top 1 percent in the U.S. has actually declined a bit — to an estimated 37.3 percent, down from 38.4 percent the year before.
This time the U.S. ranks 11th among the 37 nations listed, behind Russia, Thailand, Indonesia, India, Brazil, Chile, South Africa, China, Czech Republic and Israel. China and Israel moved ahead of the U.S. on this year’s list.
Furthermore, seven nations that ranked higher than the U.S. in 2014 are not included in this year’s edition. They are: Turkey, Hong Kong (which we are including as a “nation” for convenience even though the former British colony is now a special administrative region of China), Philippines, Egypt, Peru, Malaysia and Argentina. Since wealth concentrations don’t change quickly, it is safe to assume that most, if not all, of these would still rank ahead of the U.S. had they been included in the 2015 edition. link
It's supposed to be hard! If it wasn't hard, everyone would do it. The hard... is what makes it great!
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Joined: Jan 2007
Posts: 8,481
Hall of Famer
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Hall of Famer
Joined: Jan 2007
Posts: 8,481 |
Frankly I am actually surprised that Sanders has even made it this far in the first place because his views are too extreme (at least in my opinion). It seems he just wants to totally convert the United States to a socialist country and thinks its going to work. Maybe its just because I'm a libertarian, but I don't get it or I've seen too many Milton Friedman or Hayek economic videos. Most of them are pretty insightful and thought provoking. Just fascinating to hear the different viewpoints economically. https://www.youtube.com/watch?v=FOMI0ORGH44https://www.youtube.com/watch?v=CNbYdbf3EEc
Find what you love and let it kill you.
-Charles Bukowski
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Joined: Sep 2006
Posts: 13,205
Legend
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Legend
Joined: Sep 2006
Posts: 13,205 |
I think Bernie is nothing more than a prop for Hillary to run to the left of, or at least parallel to, in order to attract the far left of the Dem base. Then, watch her tack center-right during the general election.
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Joined: Sep 2006
Posts: 5,991
Hall of Famer
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Hall of Famer
Joined: Sep 2006
Posts: 5,991 |
I think Bernie is nothing more than a prop for Hillary to run to the left of, or at least parallel to, in order to attract the far left of the Dem base. Then, watch her tack center-right during the general election. And then make an immediate left turn if she wins.
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Joined: Apr 2013
Posts: 2,075
Dawg Talker
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Dawg Talker
Joined: Apr 2013
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Really? Which candidate mentioned Islamic Terrorism or radical Islam as a concern for this country?
I'm fairly certain all of them did during the night. But, A) Democrats really don't value Israel as an ally that Republicans do. B) Democrats aren't warhawks like Republicans. It's no surprise these concerns aren't as big on the left than on the right. Just two different voter bases. Yes, I understand that. However, I choose the safety of this nation for future generations over a false misrepresentation.of a temperature increase.
#gmstrong
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Joined: Sep 2006
Posts: 5,991
Hall of Famer
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Hall of Famer
Joined: Sep 2006
Posts: 5,991 |
Really? Which candidate mentioned Islamic Terrorism or radical Islam as a concern for this country?
I'm fairly certain all of them did during the night. But, A) Democrats really don't value Israel as an ally that Republicans do. B) Democrats aren't warhawks like Republicans. It's no surprise these concerns aren't as big on the left than on the right. Just two different voter bases. Yes, I understand that. However, I choose the safety of this nation for future generations over a false misrepresentation.of a temperature increase. I also found it interesting that most of their biggest enemies were either the weather or other Americans.
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Joined: Sep 2006
Posts: 34,788
Legend
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Legend
Joined: Sep 2006
Posts: 34,788 |
You guys crack me up. Bernie is your next President.
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Joined: Dec 2014
Posts: 25,823
Legend
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Legend
Joined: Dec 2014
Posts: 25,823 |
You guys crack me up. Bernie is your next President. Maybe you are right and he will pick Putin as his running mate.
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Joined: Nov 2006
Posts: 3,259
Hall of Famer
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Hall of Famer
Joined: Nov 2006
Posts: 3,259 |
#gmstrong
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Joined: Mar 2013
Posts: 18,204
~ Legend
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~ Legend
Joined: Mar 2013
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You guys crack me up. Bernie is your next President. Maybe you are right and he will pick Putin as his running mate. At least he'll get the Republican vote then.
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Joined: Dec 2014
Posts: 25,823
Legend
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Legend
Joined: Dec 2014
Posts: 25,823 |
 Putin on the Ritz!
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Joined: Dec 2014
Posts: 25,823
Legend
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Legend
Joined: Dec 2014
Posts: 25,823 |
IF you're blue and you don't know where to go to Why don't you go where fashion sits?... Putin on a Ritz! https://www.youtube.com/watch?v=X1_x4D0yi8k
Last edited by 40YEARSWAITING; 10/16/15 11:57 AM.
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Joined: Sep 2006
Posts: 78,473
Legend
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Legend
Joined: Sep 2006
Posts: 78,473 |
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
#gmstrong
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Forums DawgTalk Everything Else... Democratic Debate
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