“Ruminating on the ever-widening gap between America’s rich and poor, Federal Reserve Board Chairwoman Janet Yellen, in a widely reported speech on Friday, said: “I think it is appropriate…
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Federal Reserve Head Breaks Down Inequality
The people that create the wealth should benefit from the wealth. The 1%
create nothing but suffering, they are parasites. People before profits.
I don’t think people understand that economic inequality is not necessarily
a bad thing and that equality is not necessarily desirable. A country where
everyone is poor is a highly egalitarian society but it’s not a thriving
one. Moreover, it’s the kind of society where there is no incentive to
improve one’s personal economic situation. Inequality is one of the big
drivers behind competition and, hence, a society that moves forward.
I think Yellen was talking about inequality from a philosophical
perspective and she is right to do so. The question is whether massive
inequality threatens the core values of America. There are also the
questions raised by Thomas Piketty, when does inequality starts working
against the economy. And excessive wealth inequality will eventually pose a
threat to the political and constitutional order.
The reason why income inequality has gotten worse in recent years is the
culture of entitlement that has been propped up by liberals. Rather than
working hard and pursuing the american dream, people are merely taking
government support while complaining about their lives. It’s easy to blame
the rich, but they didn’t *take* the money from you, they earned it all.
You guys only have yourselves to blame.
This man genocided the Armenians and now he talks about income inequality?
Cue Paultards… innnnn… 3… 2..
My solution is to:
1. Repeal the copyright clause, Article 1, Section 8, Clause 8
2. Repeal the 16th Amendment
3. Pass the Fair Tax
3. Encourage the use of cryptocurrencies like BitCoin
The federal reserve starts talking nonsense about “income inequality” and
you liberals lap it up.
Pathetic.
The parasitic Federal Reserve needs to end. All governments should regulate
the shit out of all banks. Break them up, keep investment banks separate
from savings banks. Cap executive pay, make bonuses contingent on
performance by law and if they act irresponsibly, let them fail and recover
as much of customers’ money as you can from their personal assets. Banks
are the problem.
Down with capitalism.
If Yellen was serious about tackling inequality she would demand a wealth
tax. Massive tax hikes for corporations and the extremely wealthy, dramatic
increases in capital gains and inheritance taxes, and closing all crony tax
loopholes, which Clinton, Bush, and Obama have fought tooth and nail to
defend and are estimated to allow a total of $1.5 trillion in offshore tax
havens.
Ok so everyone is talking this revolution were we will take down the “1%”
and create income equality for all…..will this include equality for black
people this time around ?
Why, for the love of FUCKING, does anyone think that equality should matter
to the head of the Federal Fucking Reserve? Man or woman, you are STILL
getting fucked by the centralized counterfeiters – er, I mean “banks”
Jesus Christ, Cenk! Someone paid you to make a big deal about THIS! (NOT a
question)
*Liberals will eat out of the hand of anyone who appeals to them*
Actually a comprehensive and high quality early childhood education and
prenatal care program would go a really long way. Particularly in poor
communities. It just isn’t going to happen in the current political
climate.
Meanwhile she props up the stock market with unrealistically low interest
rates creating richer rich people.
The 1% are not to blame for your life situation. You are. If you don’t like
where you are in life, then you only have to blame yourself. It is not
mommies or daddy’s fault. Not the the 1%. Not the government. Not the
system. Just you.
self regulating bureaucracy can not fix anything
just keep printing money and stop all taxes? printing money is equitable
taxing
Yellen – Another super-rich person talking about income inequality. Ya
just gotta luv it.
Yellen understands that the system of permanent debt and inequality
functions only when a large portion of the population is too content to do
anything about it. That means bread and games. They need to be fed ad
entertained and they will refuse to move against perceived slights. No
matter how dire the situation.
You have your super rich. You have your dirt poor. The majority however are
“well off” in-between where they can afford everything they want, if it’s
on sale. However now we have reached a point where the rich have become so
greedy because none of these rich people had to earn their money that they
forgot the rules their fathers did understand.
If the gap gets too large you will create resentment and an unbalanced
economy that threatens the established wealthy in more ways than one.
Without a “well off” slice of the population not enough money is circulated
in the economy. Which means bad business which means less employment which
means the circle goes on. It also means your workers start grunting and
mumbling whilst they work.
Just ask the French what happened when their nobility forgot that you have
to keep the middle class happy. It’s the reason why French Nobility doesn’t
exist any more.
I think my head just exploded from irony. The Federal Reserve creating
inflation is the primary contributor of the 1% having absurd wealth.
How can you fix income inequality when intellectual property is stolen
through illegal surveillance and transferred to the banks without payment.
Government is not the solution to the problem, Government is the problem.
We need the clowns in government to get out of the way of entrepreneurs,
quit being the problem.
Bankers are bothered by this? The same bankers that manipulate our economy
by tampering with interest rates, printing fiat currency & fractional
reserve banking? The same bankers who manipulate our economy for private
profit? The same bankers who give US money to private corporations
overseas? Trick, please. I’m sorry. I just can’t. I can’t listen to a
Yellen or a Bernanke or a Greenspan… or a Wolfowitz or a Wolfensohn or a
Straus-Kahn or even a Goldman-Sachs pretend to be bothered by something
they create and participate in. “International bankers” have zero regard
for nation states. They’re willing to make profit from anything and anyone.
Tell your story walking, lady.
No. What this really has to do is an explosion in the ranks of the lower
class. You have octomoms popping out kids in record numbers with no means
to support them and a flood of millions of low-skilled illegal immigrants
over the border. Couple that with left wing policies that torpedo the
middle class and what you get is classic Trickle Up Poverty, which the
already wealthy are a bit insulated from.
Are you taking the piss, the Fed is the reasons for inequality. A bunch of
legalized criminals (primarily the New York Fed run by the elite) that
generate non-existent money than lend it to the government plus interest.
They then use the return to buy real wealth capital while the public will
have their savings and pensions annihilated through inflation. The plan,
destroy the dollar for a larger new currency and set up a police state
using ‘war on terror’ as the cover as the dollar crashes.The world is
sending back the US treasury bonds as we speak. No coincidence China has
set up a new bank with Russia and a list countries that will go around the
dying dollar.The danger is the central bankers and their fiat currencies
could drag us into WW3. p.s the western media is a fxxking joke as the
bankers own it.
These people KNOW that income inequality can be used to further destroy our
freedoms in the United States. Don’t buy into it. You can still be
successful in the US if you work hard.