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2007-04-08 11:00:03 #secondlife from 2007-04-08 11:00:00 (showing messages 1-30) Bookmark the permanent url.
11:00:03LuciferWelcome to this week's Virus chat
11:00:13LuciferThe topic is "the widening income gap"
11:00:43Luciferthe motivation was a post to the bbs...
11:01:34Luciferhttp://www.churchofvirus.org/bbs/index.php?board=69;action=display;threadid=38891
11:01:48Lucifer"Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows."
11:02:11SecondLife[salon] Earl Enzyme: arrrrrr
11:02:22Lucifer"The new data also shows that the top 300,000 Americans collectively enjoyed almost as much income as the bottom 150 million Americans. Per person, the top group received 440 times as much as the average person in the bottom half earned, nearly doubling the gap from 1980."
11:02:33SecondLife[salon] Lucifer Darrow welcomes Earl
11:02:46SecondLife[salon] Earl Enzyme: hello Lucifer
11:02:48SecondLife[salon] Lucifer Darrow: Earl gets the credit for the topic this week
11:04:10LuciferThe article was followed by two others that had the same take, that this widening income gap is a serious problem to be addressed
11:04:49LuciferI'd like to question the assumptions behind that conclusion
11:05:39SecondLife[salon] Earl Enzyme: sorry...I gotta get some coffee real quick
11:05:44Luciferbecause it seems the commonly espoused "solution" is wealth redistribution which is an nice euphemism for theft
11:06:14LuciferWhat is so bad about a large income gap?
11:06:36LuciferBlunderov says "This sort of gross imbalance is widely perceived as an obvious social injustice.Such wealth can never be 'deserved'. "
11:06:54LuciferBlunderov continues, "These massive holdings take value out of the economy and impoverish everyone else."
11:07:08LuciferHermit adds, "Historically it is one of the principle leading indicators of social instability. Why should this have changed?"
11:07:31Sat* Sat scratches himself
11:07:41LuciferLet's take each point in turn
11:08:20LuciferThe first one consists of 2 claims.
11:08:22SatWell I look at it rather pragmatically: that money was never mine and I do not miss it as such.
11:08:27Sat* Sat shrugs
11:08:42LuciferI agree that the imbalance is perceived as a social injustice
11:08:53Luciferemphasis on "perceived"
11:09:05SatI mean shit, you and I have an income gap. I do not claim that the money you have in addtion to what I have is mine.
11:09:08Satnext topic.
11:09:10Sat* Sat grins
11:09:11LuciferCan such wealth ever be "deserved"?
11:09:33Luciferheh, I agree with Sat
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