Thread: "Capitalism: A Love Story" by Michael Moore

Originally Posted by Jet Gorgon

Who in their right mind that studies hard, then works hard, and excels at their work would want to earn the same as some loser who prefers to do nothing? How nice for Sweden. Fek that.

I agree.

I don't know who or what you're referring to (I presume the GINI index noting Sweden).

In the US, the top 1% and top 5% have really taken off. It's not good for a society.

Originally Posted by Milkman

I agree.

You agree with a completely inaccurate statement?

Originally Posted by panama hat

Originally Posted by mackayae

MM is part of the 1%.

Hardly

The 400 Richest Americans
Edited by Matthew Miller and Tatiana Serafin 09.21.06, 6:00 PM ET
A NINE-FIGURE FORTUNE won’t get you much mention these days, at least not here. This year, for the first time, everyone in The Forbes 400 has at least $1 billion. The collective net worth of the nation’s wealthiest climbed $120 billion, to $1.25 trillion. Surging real estate, oil and other asset prices paved the way for 28 new members and 14 returnees

. . . not a mention of Moore in that list by a country mile

The 400 Richest Americans - Forbes.com

Michael Moore's wealth is estimated to be 25 million . . . and that's according to one of the many anti-Moore sites

Hardly in the top 1%

1% of 300,000,000 is 3,000,000 , not 400 .... with 25 million MM is for sure in the top 3,000,000 ....I remember that with just 1,000,000 I was in world top 1% , I guess to be in USA top 1% you need more, but surely no more than 25 million.

Originally Posted by Milkman

Originally Posted by Jet Gorgon

Who in their right mind that studies hard, then works hard, and excels at their work would want to earn the same as some loser who prefers to do nothing? How nice for Sweden. Fek that.

I agree.

I don't know who or what you're referring to (I presume the GINI index noting Sweden).

In the US, the top 1% and top 5% have really taken off. It's not good for a society.

Yep, that GINI Index. Preposterous. Like govt union workers, who make much more than many workers simply for performing high-level tasks such as stapling forms together.

This from the same article MM was good enough to post above. Well worth the short read:

But does that mean that the US is on the road to Third World-dom? Well, not necessarily - and not yet, at least. But it should give some context to comparisons of wealth between societies. For instance, the GDP per capita in the US is one of the highest in the world. But more of that wealth is concentrated in the hands of relatively few people, meaning fewer people (relative to that high per capita GDP) are well-off.....
So even though a lot of wealth has been created since the 1970s, the typical family isn't much better off. And as Yglesias points out: "Another country with a lower GDP but less inequality could still be a country in which most people are richer than most Americans, and I believe there’s pretty compelling evidence that that’s now the case in a number of European countries." http://mapscroll.blogspot.com/2009/04/is-us-becoming-third-world-country.html