• Welcome to OGBoards 10.0, keep in mind that we will be making LOTS of changes to smooth out the experience here and make it as close as possible functionally to the old software, but feel free to drop suggestions or requests in the Tech Support subforum!

income inequality debate

WokeandBroke said:
https://www.cato.org/commentary/real-1-percent

Roughly 80 percent of millionaires in America are the first generation of their family to be rich. They didn’t inherit their wealth; they earned it. How? According to a recent survey of the top 1 percent of American earners, slightly less than 14 percent were involved in banking or finance.

Roughly a third were entrepreneurs or managers of nonfinancial businesses. Nearly 16 percent were doctors or other medical professionals.

Lawyers made up slightly more than 8 percent, and engineers, scientists and computer professionals another 6.6 percent.

Sports and entertainment figures — the folks flying in on their private jets to express solidarity with Occupy Wall Street — composed almost 2 percent.

By and large, the wealthy have worked hard for their money. NYU sociologist Dalton Conley says that “higher‐​income folks work more hours than lower‐​wage earners do.”
Click to expand...

The Pareto principle strikes again!?!
 
Just answer the question. You're the one who said doctors are overpaid out of all the wealthy occupations out there.
 
Just letting him know I know what he’s up to.
 
PhDeac said:
Who should get paid the most? Doctors, lawyers, or hedge fund managers?
Click to expand...

The earth is ending, there is limited room to leave the planet, one of those three is actually needed but in our society it would end up being 50% full of hedge fund managers that bride their way on.
 
Louis Gossett Jr said:
The earth is ending, there is limited room to leave the planet, one of those three is actually needed but in our society it would end up being 50% full of hedge fund managers that bride their way on.
Click to expand...

Who will set up the stock market on Mars?!?!?!
 
PhDeac said:
Who should get paid the most? Doctors, lawyers, or hedge fund managers?
Click to expand...

Lawyers and hedge fund managers should get paid whatever the market will pay them, but considering the amount of doctors’ payment that comes from or is tied to the federal government, they should not make as much as they do.
 
I’m sure hedge fund capital is completely untethered from the federal government.
 
What wealthy people value and pay for isn’t necessary valuable.

What people spend their millionth dollar on isn’t actually value. What people would spend their last dollar on is valuable.
 
WakeBored said:
Lawyers and hedge fund managers should get paid whatever the market will pay them, but considering the amount of doctors’ payment that comes from or is tied to the federal government, they should not make as much as they do.
Click to expand...

wut?
 
man, these jokers consider themselves the educated, enlightened conservatives and they're fucking off their rockers
 
ImTheCaptain said:
man, these jokers consider themselves the educated, enlightened conservatives and they're fucking off their rockers
Click to expand...

It's the same sort of brain rot we saw 10 years ago from people who couldn't admit Wellman fucked up and [name redacted] was leading to the downfall of Wake basketball. They couldn't defend the state of the program but they could defend the institution as inherently good and lash out at anyone who dared to criticize Wellman and MSD. Republicans like the j-boys can't defend Trump or the Trumpism that has taken over the GOP. They can defend America as inherently good. The GOP gives the plenty of enemies, so lash out at anyone who dares to criticize the GOP or the country. It's a con job that helps the GOP hold people who may be critical of Trump.

It's an ugly space to be in and they may never recover from the cognitive dissonance. I'll also add that it's become clear that the j-boys are true believers who aren't in on the con, maybe a step above the people sticking keys on their foreheads.
 
Last edited:
PhDeac said:
It's the same sort of brain rot we saw 10 years ago from people who couldn't admit Wellman fucked up and [name redacted] was leading to the downfall of Wake basketball. They couldn't defend the state of the program but they could defend the institution as inherently good and lash out at anyone who dared to criticize Wellman and MSD. Republicans like the j-boys can't defend Trump or the Trumpism that has taken over the GOP. They can defend America as inherently good. The GOP gives the plenty of enemies, so lash out at anyone who dares to criticize the GOP or the country. It's a con job that helps the GOP hold people who may be critical of Trump.

It's an ugly space to be in and they may never recover from the cognitive dissonance. I'll also add that it's become clear that the j-boys are true believers who aren't in on the con, maybe a step above the people sticking keys on their foreheads.
Click to expand...

All of this because I pointed out that a not insubstantial portion of provider revenues for medical care come from Medicare. Remarkable.
 
WakeBored said:
All of this because I pointed out that a not insubstantial portion of provider revenues for medical care come from Medicare. Remarkable.
Click to expand...

What does income coming from a government reimbursement program have to do with the value of a service provided or the cost incurred to get qualified to provide those services?
 
You must log in or register to reply here.
Back
Top