Wealth Distribution in America

[Coach]

Interesting talk on how wealth inequality corrodes our societies:

http://www.ted.com/talks/richard_wilkinson.html

Superb. I urge all those who say wealth equality is not important rather that a basic standard of living is to watch this.

Kind of puts this debate to bed.

Absolutely brilliant quote in there,

If Americans want to live the American dream they should move to Denmark

 

[Blue 1]

If Americans want to live the American dream they should move to Denmark

Aye, I liked that one.

 

[Bruce Wayne]

Those things are very worthy and all, but they don't paint the whole picture of society do they? America is bashed for its inequalities, yet their universities remain unequaled in the whole world, with people flocking from far and wide to study there.

Their rate of invention and innovation is also without peer, with many of the innovations we have grown to love and depend upon originating from the US. It's been widely reported recently for instance that the majority of US start-ups are begun by migrants to the country.

It seems easy to brand the US as some kind of mad max society, yet there are clearly some exceptional things about the place too. Would those exceptional elements occur if it were more egalitarian?

 

[Moomin]

Some excellent points made in this thread. I would like to make the worthwhile contribution, that i would like to distribute my wealth inside Katy Perry's vagina.

 

[Chang Elephant]

I understand investors and investment very well. Take my word for it.

Somehow, Buffett seemed to have missed the spending issue this country has in his commentary you link above. Funny that.

By the sound of that your investment strategy will have outperformed Buffet's then....so come on down TX your takeover of Everton FC is awaited, and if Bill doesn't accept a reasonable offer you can use reasonable Texas persuasion on him.

 

[Coach]

Those things are very worthy and all, but they don't paint the whole picture of society do they? ?

Seemed pretty comprehensive to me.

Their rate of invention and innovation is also without peer, with many of the innovations we have grown to love and depend upon originating from the US. It's been widely reported recently for instance that the majority of US start-ups are begun by migrants to the country.

It seems easy to brand the US as some kind of mad max society, yet there are clearly some exceptional things about the place too. Would those exceptional elements occur if it were more egalitarian?

Only if you agree that other countries consistently outperforming them in innovation rankings doesn't matter.

 

[TX Bill]

By the sound of that your investment strategy will have outperformed Buffet's then....so come on down TX your takeover of Everton FC is awaited, and if Bill doesn't accept a reasonable offer you can use reasonable Texas persuasion on him.

My investment strategy has nothing to do with Buffett's. Some similarities but very few. And unfortunately I don't have near a fraction of what would be required by Bill to buy Everton. Would be nice though...