Title of the article, about social mobility, is a little misleading. Its primarily an interesting read on where the wealthy made their money and where they are located, as well as the changes over time.

http://www.thedailybeast.com/articles/20...risis.html

so, basically the gist is central banking, shipping jobs overseas, tech, coupled with a population increase has created a gap in wealth never seen before

who'd a thunk it...."robber barons".....that one always made me laugh...we've been an oligarchy since the industrial revolution

the bottom line is we built shite and it's falling apart and this country is transitioning to non sustainability.....the virtual creation of business will collapse when the ground can no longer be traversed and the water supply becomes a problem as the sun sets

what is happening is much larger than the bs smarty pants understands....it's a simple numbers game that is falling apart

oh wellzy, I'll be dead.....

(04-04-2016 04:22 AM)stinkfist Wrote:  so, basically the gist is central banking, shipping jobs overseas, tech, coupled with a population increase has created a gap in wealth never seen before

who'd a thunk it...."robber barons".....that one always made me laugh...we've been an oligarchy since the industrial revolution

the bottom line is we built shite and it's falling apart and this country is transitioning to non sustainability.....the virtual creation of business will collapse when the ground can no longer be traversed and the water supply becomes a problem as the sun sets

what is happening is much larger than the bs smarty pants understands....it's a simple numbers game that is falling apart

oh wellzy, I'll be dead.....

And the robber barons are now Democratic Wall St. and Silicon Valley types. I was surprised to see (not in this article) that most readers of WSJ are Democrats.

(04-04-2016 08:53 AM)bullet Wrote:  

(04-04-2016 04:22 AM)stinkfist Wrote:  so, basically the gist is central banking, shipping jobs overseas, tech, coupled with a population increase has created a gap in wealth never seen before

who'd a thunk it...."robber barons".....that one always made me laugh...we've been an oligarchy since the industrial revolution

the bottom line is we built shite and it's falling apart and this country is transitioning to non sustainability.....the virtual creation of business will collapse when the ground can no longer be traversed and the water supply becomes a problem as the sun sets

what is happening is much larger than the bs smarty pants understands....it's a simple numbers game that is falling apart

oh wellzy, I'll be dead.....

And the robber barons are now Democratic Wall St. and Silicon Valley types. I was surprised to see (not in this article) that most readers of WSJ are Democrats.

it's ironical how some represent....not surprising however (IMO)

I have no problem with the wealthy who made money creating new products and services or creating new efficiencies.

My problem is with people who made their money taking our 401K money and gambled with it in the Wall Street casino using means of questionable fairness.

(I'm not talking about venture capital)

Check out the Panama Papers.

(04-04-2016 09:17 AM)ark30inf Wrote:  I have no problem with the wealthy who made money creating new products and services or creating new efficiencies.

My problem is with people who made their money taking our 401K money and gambled with it in the Wall Street casino using means of questionable fairness.

(I'm not talking about venture capital)

as one shouldn't....in this equation, one has become too many think they should

one can also toss in that pumping into the 401k/roth and that increase promotes that style of corruption....