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venezuela lines | THIS IS WHAT INCOME EQUALITY GIVES YOU,PEOPLE; FOOD LINES AND CRIME | image tagged in venezuela lines | made w/ Imgflip meme maker
3,800 views 7 upvotes Made by Panther112 7 years ago in fun
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9 Comments
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3 ups, 7y,
1 reply
The Most Interesting Man In The World Meme | AMAZINGLY ENOUGH, INCOME INEQUALITY, LEADS TO THE SAME RESULT | image tagged in memes,the most interesting man in the world | made w/ Imgflip meme maker
0 ups, 7y,
2 replies
Yes because America (one of the best economys ) is full of people going to the government for food by the millions.
0 ups, 7y
Sarcasm
[deleted]
0 ups, 7y,
1 reply
LONG BEFORE THERE WAS A WELFARE PROGRAM | made w/ Imgflip meme maker
0 ups, 7y,
1 reply
That was the depression caused by people scared to spend money during the war and if no one spends money no one gets money
[deleted]
1 up, 7y,
1 reply
Move forward 4 decades and we saw the advent of soup kitchens reappear and food pantries for the poor. These have been growing steadily since then. I live in a small city with a population of roughly 52,000. there are 7 or 8 food pantries that serve the working poor and the disabled. three of them are within walking distance of my home. likewise, there are about 4 soup kitchens. While some of the food pantries have closed in the last few years, I'm aware of 4 of them, at their peak, they were needed for the 5.7 unemployment rate 10 years ago, and grew more important over the next five years as unemployment rates hit double digits. Local businesses cut wages during that time, laid off remaining employees, and outsourced what they could. Meanwhile income inequity continued to grow. Loans businesses needed to continue were almost non-existent. Had there been less income inequity, prior to the meltdown, people would have been able to support those businesses and invested in stock. As it was, they could barely afford shelter, utilities, and food. One reason there are so many food pantries in this small city. Currently, the average ratio of CEO compensation to their workers average Compensation is sitting at 70:1. When I was young, that ratio was 20:1. What happens with that extra money. It doesn't get reinvested but sat on. Like the depression, the average person is too afraid to spend money, so they put what little they can salvage from their earnings away. as for the top tier income earners? They aren't afraid to spend it, but rather, can't spend it fast enough to keep the economy moving. Nick Hanauer, Billionaire entrepreneur and venture capitalist, puts it very simply. how many cars can he own? How many pairs of pants, shirts, and shoes can he buy? True, he can afford to spend more for these items, but how many does he buy a year? Is he going to buy a new BMW every month? check out his TED talk. https://www.ted.com/talks/nick_hanauer_beware_fellow_plutocrats_the_pitchforks_are_coming. It's a few years old, but still pertinent. Fortune Magazine paid attention and discussed the issue with 7 billionaires. Warren Buffet, Bill Gates, even Charles Koch among the names that I recognized. We're not talking left wing liberals that are looking for free lunches, but men that realize that the inequality hurts their bottom line. It's difficult to sell a person on investing their disposable income if they have none.
0 ups, 7y,
1 reply
We should give the poor a job not free money for sitting and thinking badly about yourself. America is was not built on pity but on the backs of the working continental army . Think about it
[deleted]
1 up, 7y
DId I say otherwise? When I was a kid, the poor were usually jobless, most due to some physical or mental handicap. Today's poor work, but are not paid true value of their labor. FDR said it quite well “No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” (1933, Statement on National Industrial Recovery Act) If you employ people at less than a living wage, that job is unimportant to your success and should be either eliminated entirely, or handled by yourself. but since it's important enough to have it in your company, it's important enough that you pay the employee a liveable wage. THIS is where the income inequality stands. Did you get a chance to look at the Hanauer video? It's very eyeopening.
0 ups, 7y
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THIS IS WHAT INCOME EQUALITY GIVES YOU,PEOPLE; FOOD LINES AND CRIME