Reply #10

In the discussion thread: Growth of Income Inequality Is Worse Under Obama than Bush [View all]

Fri Apr 13, 2012, 10:44 AM

10. This is something you see in any serious economic downturn.

If you had a net worth of 40K, it can be wiped out to zero. If you had a net worth of 50 million and it goes down to 30 million, your percentage of the pie is infinitely higher than the middle class person whose net worth is zero.

It's basic mathematics.

Large swaths of the poor and middle class are completely wiped out in a major recession or depression. Since the rich are invariably hurt but not wiped out, it skews the ratios of which group has what percentage of wealth.

The truth is much simpler than what Stoller or anyone else with an agenda can write.

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37 replies	Author	Time	Post
Growth of Income Inequality Is Worse Under Obama than Bush [View all]	ProSense	Apr 2012	OP
It is capitalism -	TBF	Apr 2012	#1
Sadly, I have absolutely NO faith in any of that happening, EVER!	SammyWinstonJack	Apr 2012	#17
The propaganda has been thick here -	TBF	Apr 2012	#20
Stoller is not very bright	Justice4allofus	Apr 2012	#2
Damn	ProSense	Apr 2012	#3
Damn	Karmadillo	Apr 2012	#21
Yes, get out ahead of it, frame the issue early	whatchamacallit	Apr 2012	#4
Good idea to attack the messenger when the messenger is a clueless arsonist. nt	bluestate10	Apr 2012	#24
Excellent article. Thanks for posting. Stoller does a good job of analyzing Obama's approach and its	Karmadillo	Apr 2012	#5
K	Gold Metal Flake	Apr 2012	#7
Here:	ProSense	Apr 2012	#8
Thank you for the linkorrhea instead of an attempt to respond to Stoller's balanced criticism	Karmadillo	Apr 2012	#9
This is something you see in any serious economic downturn.	stevenleser	Apr 2012	#10
It's especially simple if you don't address the point Stoller is making in the article.	Karmadillo	Apr 2012	#11
None of his points contradict mine. nt	stevenleser	Apr 2012	#12
None of your points address his.	Karmadillo	Apr 2012	#13
Its not necessary. Mine supercede his by taking into account why this happens in the first place. nt	stevenleser	Apr 2012	#16
LOL	Karmadillo	Apr 2012	#19
Exactly. The old saying, the rich get richer, holds.	bluestate10	Apr 2012	#26
Oops	ProSense	Apr 2012	#35
The OP was ripping Stoller.	bluestate10	Apr 2012	#25
Duh. Unless the rules have changed, I'm not required to accept the bizarro framing of the OP.	Karmadillo	Apr 2012	#36
FUDr porn	uponit7771	Apr 2012	#6
FUDr? (Not a flame.)	BlueIris	Apr 2012	#18
Narrative not working out? Attack the messenger.	Egalitarian Thug	Apr 2012	#14
.	ProSense	Apr 2012	#29
But... you do know... nothing bad may be pinned on Obama!	begin_within	Apr 2012	#15
Roosavelt Institute is a progressive organization	paulk	Apr 2012	#22
Income gaps become larger during severe downturns.	bluestate10	Apr 2012	#27
Your comment	ProSense	Apr 2012	#30
LOL!	paulk	Apr 2012	#32
No	ProSense	Apr 2012	#33
You are on target.	bluestate10	Apr 2012	#23
Real issue: the govt needs to respond to the crisis among the middle & working classes	RainDog	Apr 2012	#28
Do you know anything about Matt Stoller?	sabrina 1	Apr 2012	#31
LOL!	ProSense	Apr 2012	#34
Oh, poppy cock.	Zax2me	Apr 2012	#37

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