Comments by "whyamimrpink78" (@whyamimrpink78) on "Bernie Sanders: We Already 'Redistribute Wealth' -- To The Rich" video.

  1. There is no such thing as redistribution of wealth, it is only creation of wealth. Wealth does not exist, it has to be created. This is where once again Bernie shows his ignorance in economics. Wealth does not equal income. Bernie also did what he usually does and that is over dramatize a problem in this country, if that problem even exists. Kyle does it as well. While the ratio of CEO to a single worker pay has increased, you have to consider that the number of full time workers in the work force has increased as well. Take Walmart for example. They have doubled in size since 1990 and since 2006 have seen an increase in almost 1 million workers. So while CEOs are earning more they are also responsible for more workers and wealth creation. So saying that a CEO earns X times more than one of their workers is pulling wool over people's eyes. Consider that the top 6 executives of Walmart earn $77 million combined. There are $525,000 workers at Walmart earning less than $25,000 a year. If you were to spread out that $77 million to those workers that will increase their pay by $148/yr. When looking it at that scale it paints a completely different picture. Now on to stagnate wages. Wages seem low due to 1. Businesses pay in benefits more (hurray payroll tax) 2. Women have been entering the workforce more (the reason why they earn less is another topic) Also disposable income has been steadily rising for decades. Sorry Bernie fans but he is throwing up smoke screens. He is a career politician that is blinding you to get his votes to remain in office. If you think people are not getting better than you are clearly ignorant. I earn $25,000 a year but I have high speed internet, a smart phone, a reliable car, a nice laptop etc. The same is with others in society. I live a better life than someone who was rich in the 60s. Same with others at my income level. People have equal opportunity no matter how you distort "facts" that says otherwise.
    2
  2. +Huw Davies-Phinney Because he is economically illiterate. He doesn't even know the difference between wealth and income.
    1
  3. +Tensai55 Wealth does not equal income. One can have a lot of income but not be wealthy. One can have negative wealth and be well off financially. Bernie complains about the wealth problem that supposedly exists. What you have to realize is that a home owner has 30 times more wealth than a renter. The average home owner has around 60% of their wealth in their home. Beyond owning a home the average person has little wealth. There are people that have a lot of wealth because they run a business. Take Bernie's favorite family, the Walton family. They own have of Walmart's shares which is essentially owning half of Walmart. That is why they are so wealthy. They do that to make investors comfortable because they know if Walmart struggles the guys on top will suffer, thus any investor will know that Walmart will be ran to make sure that share holders see their investment grow. So in reality it is more complicated than what you, and Bernie think.
    1
  4. +Tensai55 Owning a home is an investment like owning a business. With owning a business you are trying to make a profit as well thus you have the potential for more wealth. But not everyone desires to own a business, thus a lot of people have little wealth. I have around the same wealth as my boss who has a PhD. The reason why is because we both rent, we both own a car, he just earns $60,000/yr more than me. That is it. So our wealth is basically the same. " Rich ppl choose to save." Which is fine. Where do you think banks get money to loan out for new businesses or home? Just because a rich person saves money doesn't mean it just sits there. Also rich people do spend, they invest. "And then there's inherited money" Which is always overblown. Most rich people did not inherit their money. "The only way to have wealth without income is if it was inherited" Not true. You can pull out at loan, have negative wealth, then invest it to develop wealth. "Our tax system right now places more of the tax burden on the middle and poor classes" Not true. But with that said we should not have any individual taxes at the federal level. It should only be a tax on the states. " That's wealth redistribution because it prevents them from accumulating more wealth." There is no such thing as wealth redistribution. " But do you really think they were going to give him time to have a full-blown econ class in their carefully portioned news segment?" Bernie is not knowledgeable in economics so the answer to that is no. "There's a reason politicians dumb down their policies " The problem with Bernie is that people gave him time to get in detail on his policies and he just runs back to his typically talking points. He was having a discussion about the min. wage and he was talking about Walmart the entire time. The guy he was talking about asked him simply what about other businesses besides Walmart. Should they pay a higher min. wage? And Bernie just went back to Walmart. Bernie has no specifics in his arguments because he has no clue what he is talking about. It is seen here when he confuses wealth with income. It is also seen when he says all new wealth is redistributed at the top. As I said, you can't redistribute wealth, you only create. A lot was created at the top because it was created at the bottom as well. Everyone has seen their wealth increase minus the few that made poor investments.
    1
  5. +Tensai55 You don't need collateral to get a loan, you need to prove that you can pay it off.  Also nobody paid that 90% tax rate. The Tax Reform Act of 1968 was designed to raise taxes on the rich.  During that 90% rate there were so many deductions and with inferior technology compared to today the IRS could not track money as easily.  If I were rich I would love to have the rate from the 50s with the same technology, I would pay less taxes compared to today.    Before the reform act there were 155 Americans earning over $200,000 that paid $0 in taxes.  So much for that 90%.  Learn what wealth is and when you do you find out that you can't redistribute it.
    1
  6. +Eddie "JaggSauce" Gluskin https://research.stlouisfed.org/fred2/series/DSPIC96 What was that?
    1
  7. +whyamimrpink78 Nobody responded to me because either 1. They want to remain ignorant of 2. They know that they will get embarrassed like you just did
    1
  8. +Eddie "JaggSauce" Gluskin Or that you know you will lose if you did debate me. I know that my ideas are not popular on here. I come here to try to give a counter viewpoint, and through debate are more complete viewpoint as opposed to what is presented in this video. Now you can either remain myopic and just do what you just did, or you can try to have an intellectual debate with me and maybe learn something. Your choice.
    1
  9. +ClipOnSunglasses But the money is not being horded.
    1
  10. +ClipOnSunglasses That is not true. You have to learn what wealth is. Wealth is not finite, wealth is developed. Consider this, a home owner has 30 time more wealth than a renter. A homeowner has around 60% of their wealth in their home. Beyond owning a home the average person has little wealth. Now you say the wealth gap is widening. That is true. Why? Because wealth is growing for everyone. Bernie says that wealth is being redistributed to the top. Nothing is farther from the truth. More wealth grew at the top, but it also grew at the bottom which is fine. Let us look at Bernie's favorite family, the Walton family. The Walton family own half of Walmart essentially by owning half of it's stocks. They do that because investors realize that if Walmart stocks plummet then the Walton family will suffer. Thus it makes investing in Walmart stock better. It happens with most companies. Walmart grew which means people have a way to buying cheap goods and services at convenient locations. Now look at some technological company like Apple. It grew so those on top say a massive wealth increase, but us in society did as well with more affordable technology like the iPhone or iPod. Wealth great a lot on top because it grew for people that ran these businesses who had a lot of wealth to begin with. But it also grew for everyone else. So the widening gap is not bad, it is actually good.
    1
  11. +ClipOnSunglasses Walmart offers lower prices and a larger selection of goods at convenient locations and times.  It is a pay off.  Plus those manufacturing jobs are archaic,  we should be pushing for jobs that develop more wealth.  It isn't Walmart's fault that their workers refuse to better themselves and earn more.
    1
  12. +Bryanonymous 1 If the system is rigged in any way it is because the federal government is creating rules in corporations favor. Corporations can't do anything besides offer you a product or a job. Government can use force to do something. If you want to stop that then place limitations back on the federal government like there use to be. This brings up another problem with Bernie. If he gets what he wants which is more government, what is going to stop future politicians from misusing that power?
    1
  13. +Bryanonymous 1 Slaves were forced to work. If you don't like a wage then don't take the job. And monopolies are created by the government.
    1
  14. +Bryanonymous 1 No one can compete because of regulations and taxes that hurt small businesses. That is due tot the government.
    1
  15. +Bryanonymous 1 FDR turned a recession into a depression. He was not a good president and arguably one of the worst. Saying FDR was a good president is like saying Matt Millen was a good GM for the Detroit Lions. If you are in a position that the only job you can get is a low wage job then that is your fault. The company does not have to hire you.
    1
  16. +Ideally Jekyl What is your definition of a shrinking middle class?
    1
  17. +dem0crat1 Scandinavian countries have small populations and different societies. Even at that it is debatable if they are actually successful.
    1
  18. +Jordan AssassinTurky When you repeat the same talking points over and over again it become natural. Ever noticed when he is faced with a challenging question he falls back to a handful of talking points? I really considered making a pull string Bernie Sanders doll, it will make millions.
    1