US inequality of wealth....shocking statistics

[El Kabong]

You can't just create wealth out of nothing. Even if you print money (in normal economic conditions, current situation not remotely normal) you just devalue it. Wealth is earned by increased economic activity and productivity. That wealth is then distributed through the economic system. And if it's distributed very unequally, like it is currently, it leads to a fucked up economic system, like we have now.

Excuse me, but I'm kind of fuzzy on the whole "fucked up economic system"....could you be specific about what exactly is "fucked up" other than Rich people have money and Poor people don't? because it looks like that's your argument and well....that's really fucking weak

[Kirkland Laing]

You can't just create wealth out of nothing. Even if you print money (in normal economic conditions, current situation not remotely normal) you just devalue it. Wealth is earned by increased economic activity and productivity. That wealth is then distributed through the economic system. And if it's distributed very unequally, like it is currently, it leads to a fucked up economic system, like we have now.

Excuse me, but I'm kind of fuzzy on the whole "fucked up economic system"....could you be specific about what exactly is "fucked up" other than Rich people have money and Poor people don't? because it looks like that's your argument and well....that's really fucking weak

Well you have the zero lower bound, billions of dollars of quantative easing, the central bank balance sheet quadrupling overnight and being filled with assorted toxic crap making it look like the balance sheet of some third world central bank, all the biggest banks are zombie banks being kept alive with a massive amount of central bank liquidity, massive demand shortfall in the real economy coupled with a lack of credit, massive business overcapacity, significant long term unemployment with all the future problems that brings, over 90% of the economic revovery since 2008 going to the top 1% when over 75% of the economic recovery 1929-46 went to the bottom 50%, and so on.

And to top it all the authorities are trying to get out of the mess with much the same policies that created the mess in the first place.