![]() Waiting a significant period of time before voting would result in simply voting for whatever option is ultimately leading at the time, because the majority of regional WA's would already be voting for that option, having been driven to it by the early vote stacking of the more WA-involved GCR regions and High-Endorsement UCR regions. ![]() The TSP regional breakdown, if untouched by any outreach, would follow that just like any other large region's individual WA breakdown. While I'm definitely interested in gaining regional opinion, and will speak about it a bit more in the next part of my answer, it's been pretty consistently proven throughout NS that individual WA nations largely will just vote for whatever option is already winning in the WA vote. Moreover, if you intend to lead rather than follow the majority of the region, what types of WA proposals are you going to support? Would you be willing to provide a list? While I think this is an interesting proposal, it's rather different than most delegates in TSP has handled it and actually has ramifications to change in-game nations and (as such) we need to get a little more pointed in what "TSP" will be supporting.ġ. ![]() Such staggering levels of wealth inequality threaten our democracy, compound racial and class divisions, undermine social cohesion, and destabilize our economy.In regard to the above, how do you square the fact of "voting early" with the fact that you might very well be going against the region's wishes? "We have not witnessed such extreme levels of concentrated wealth and power since the first Gilded Age a century ago. "The elite ranks of our billionaire class continue to pull apart from the rest of us," the report says. The Institute for Policy Studies suggests a handful of tax strategies to work to combat the wealth inequality including raising taxes on higher incomes, increasing capital gains tax rates and expand the estate tax. "People are going to by and large, either know how to code or be increasingly unemployed because they are being replaced by the product of that. "It is going to worsen because technology is a fantastic way of raising productivity by also reducing the need for people in a lot of different ways," Dalio says. "The real problem, in my view, is - this has been - the prosperity has been unbelievable for the extremely rich people," Buffett told PBS Newshour in June.Īlso, technology will exacerbate the already severe problem, Dalio says. "I do believe that this split in the country is the greatest problem of our time, and not just economically - socially, politically," Dalio said speaking to Recode executive editor Kara Swisher on her podcast, Recode Decode.īuffett has also said the wealth inequality in the United States is a problem. Over 60 percent of Americans report not having enough savings to cover a $500 emergency."īillionaire hedge fund manager Ray Dalio recently talked about the issue. Even those low- and middle-income families who do have some wealth often don't have any liquid assets - cash or savings - at their disposal. "Reserves amount to life preservers for people who experience job loss, illness, divorce, or even car trouble. ![]() "Families with no financial reserves face enormous stress," the report says. The percentage of underwater households is higher among black and Latino families: 30 percent and 27 percent respectively. ![]() "The United States is becoming, as the French economist Thomas Piketty warns, a hereditary aristocracy of wealth and power."Īlso adding to the stark dichotomy between the top and the bottom economic stratus in America, the bottom 19 percent of Americans are financially underwater, meaning they have zero or negative net worth, the report finds. The 1982 price of admission amounted, in today's dollars, to $189 million, less than a tenth of the wealth of today's poorest Forbes 400 affluents," write the study's co-authors Chuck Collins and Josh Hoxie. The minimum wealth necessary in 2017: $2 billion. "In 1982, a wealthy American needed $75 million to enter the Forbes 400 list. Since the Forbes 400 was published, Bezos' net worth has increased another $7 billion, the authors note, so these calculations would be conservative for the present moment.īezos is worth $95 billion, Gates is worth $90 billion and Buffett is worth $79 billion, according to Forbes' real-time estimates on Thursday. The wealthiest 25 billionaires have more than $1 trillion in wealth, that's equivalent to the wealth of 56 percent of the rest of the population, or 178 million people, the report finds.įor the report, the Institute for Policy Studies used data from the most recent Forbes 400 list and the Federal Reserve's 2016 Survey of Consumer Finances, the latest edition of the tri-annual data available. ![]()
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