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Eat the rich! Not so fast.
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<blockquote data-quote="curiousbrain" data-source="post: 821891" data-attributes="member: 31608"><p>I could do a point by point rebuttal, but I think that would be very longwinded - even for me.</p><p></p><p>I will say, however, that there are a lot of singularly interesting statistics contained in that video; however, the way in which they are put together, and the conclusions reached, I disagree with.</p><p></p><p>For example, there is a point in the beginning where he takes all the revenue of the Fortune 500 companies and that just cracks February; but, later, when he takes the earnings of the American households which earn above 250k - what he implies is a meager 1.93% of the population - he generates 1.4 trillion bucks and knocks out about 4.5 - 5 months. That speaks volumes, I think, about the wealth gap. A case could be made that that is the way capitalism works (a case I might agree with), but to gloss over that fact is indicative of the bias.</p><p></p><p>Another example is that the government has to pay for everything the second it happens - which, as most who work at UPS know, there is a difference between the way things should be and the way things are operationally. Practically, the government is a master at kicking the can down the road, and rarely pays for things up front. Not to mention the fact that private investors pour money into the government through bonds, and it's not like the government is paying "out of pocket" for all these things it does per annum.</p><p></p><p>I like the video, don't get me wrong, but I wish it took a more honest look (edit: or, what I personally perceive to be honest - which is entirely subjective) at the issues - at the risk of being 90 minutes, instead of nine.</p><p></p><p>edit x2: Current Events forum?</p></blockquote><p></p>
[QUOTE="curiousbrain, post: 821891, member: 31608"] I could do a point by point rebuttal, but I think that would be very longwinded - even for me. I will say, however, that there are a lot of singularly interesting statistics contained in that video; however, the way in which they are put together, and the conclusions reached, I disagree with. For example, there is a point in the beginning where he takes all the revenue of the Fortune 500 companies and that just cracks February; but, later, when he takes the earnings of the American households which earn above 250k - what he implies is a meager 1.93% of the population - he generates 1.4 trillion bucks and knocks out about 4.5 - 5 months. That speaks volumes, I think, about the wealth gap. A case could be made that that is the way capitalism works (a case I might agree with), but to gloss over that fact is indicative of the bias. Another example is that the government has to pay for everything the second it happens - which, as most who work at UPS know, there is a difference between the way things should be and the way things are operationally. Practically, the government is a master at kicking the can down the road, and rarely pays for things up front. Not to mention the fact that private investors pour money into the government through bonds, and it's not like the government is paying "out of pocket" for all these things it does per annum. I like the video, don't get me wrong, but I wish it took a more honest look (edit: or, what I personally perceive to be honest - which is entirely subjective) at the issues - at the risk of being 90 minutes, instead of nine. edit x2: Current Events forum? [/QUOTE]
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