Was this the free market capitalist dream the founding fathers had ?
* The number of people below the official poverty thresholds numbered 35.9 million in 2003, or 1.3 million more than in 2002, for a 2003 poverty rate of 12.5 percent. Although up from 2002, this rate is below the average of the 1980s and 1990s.
* The poverty rate and number of families in poverty increased from 9.6 percent and 7.2 million in 2002 to 10.0 percent and 7.6 million in 2003.
* As defined by the Office of Management and Budget and updated for inflation using the Consumer Price Index, the average poverty threshold for a family of four in 2003 was $18,810; for a family of three, $14,680; for a family of two, $12,015; and for unrelated individuals, $9,393.
_The average paid to each of the banks' top executives was $2.6 million in salary, bonuses and benefits.
_Lloyd Blankfein, president and chief executive officer of Goldman Sachs, took home nearly $54 million in compensation last year. The company's top five executives received a total of $242 million.
. Poverty in the United States is cyclical in nature with roughly 12% to 16% living below the federal poverty line at any given point in time, and roughly 40% falling below the poverty line at some time within a 10 year time span
The United States has less than 5 percent of the world's population. But it has almost a quarter of the world's prisoners.
According to Forbes magazine, Gates is the world's wealthiest person, with a net worth of approximately US$50 billion, as of September 2005.
More than 67% served our country for at least three years and 33% were stationed in a war zone.
How many homeless veterans are there?
Although accurate numbers are impossible to come by -- no one keeps national records on homeless veterans -- the VA estimates that nearly 200,000 veterans are homeless on any given night. And nearly 400,000 experience homelessness over the course of a year.
1. What is The Carlyle Group?
The Carlyle Group is a global private equity firm with $91.5 billion of assets under management committed to 66 funds as of September 30, 2008. Carlyle invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media.
The last thing any aristocracy wants is a well informed peasant class --
The last thing the elites want is a worker class capable of critical thought and analysis
The last thing the ruling class want is for the population to start comparing notes
And those who are offended by this question --- or feel uncomfortable want you to remain isolated - ignorant of the disparity and an uninformed slave class that produces the wealth and then gives it to the 1% at the top
Notice some of the responses ---
That is exactly what they are afraid of and that is exactly what they want
Now be quiet and go to work and then give it to us so we can live in luxury off your back and you can go home to the ghetto's and eat baloney sandwiches and be grateful for it
- Anonymous1 decade agoFavorite Answer
No I don't think it is. The media portrays Gates out to be a genius and a great philanthropist, yet all he has ever done is steal other people's ideas and make money off of it (and monopolize and close off the market to real competition using his money and connections), use his money for depopulation/population control programs of the people here and all over the world, and is funding (along with co-sponsors Rockefeller and the large biotech agribusinesses like Monsanto) stealing the world's seeds and biodiversity and placing them into a secure vault!
If he really cared, he would use his money to challenge Monsanto for patenting seeds (our natural food supply that they did not create and should not be able to own) and growing GMOs that contaminates other crops and ecosystems, make humans and animals sick, sterile, allergic and worse; causes famine and poverty because the seeds can only be used for one harvest; and hasn't been tested long enough to determine the long-term effects (although the rat and pig deaths in studies go ignored by our governments). Instead Gates is working with Monsanto and contributing to the problem by thinking about his own self-interests by making sure he has a stake in healthy and natural foods that belong to us while everyone else are left to be the guinea pigs. It looks like they know that GMOs will cause problems and food shortages and they're making sure they save all of our natural seeds that they can use for themselves (and seel back to the people at high prices). The world's seeds, the food, and it's biodiversity belongs to we the people, not Gates, Rockefeller, and Monsanto!
- 1 decade ago
I imagine the sociopath Benjamin Franklin would be happy with what
we have now. But as for the rest, I'm absolutely certain the phrase and
idea "progressive taxation" was coined in a letter by Thomas Jefferson
to James Madison. The truth is the socio-economic reality was vastly
different than it is now; small business owners were small merchants.
Most people were impoverished labourers,and the few who
actually had lodging had built it from logs. Lands and other natural
resources were subject to centralized aristocratic and royal power.In
that time, capitalism was a way of uniting the peasants and
artisans into an economic system that would free both from
dependence on the decadent aristocracy. The Founders could never
have imagined the rapid, beaver-like construction of the complex
laissez-faire system that has torn through the modern world like the
- Anonymous1 decade ago
No, not the way it exists today. Their economic system was much clearer and less complicated In your question you provided indisputable evidence of the inequities and income disparity, among the people living in the United States. It's obscene and incredible that one person could have $58 billion dollars while others are starving or losing their homes . The only logical solution is to start nationalizing big business, restricting their obscene salaries and perks and the gradual implementation of Democratic SocialismSource(s): www.spusa.org
- SkitterLv 41 decade ago
I'm a green blooded capitalist myself. I love capitalism. I eat, drink and sleep capitalism.
I really wish we would try it here in the US sometime, I think it would fix a lot of what is wrong here. So to answer your question: No this is not the capitalism our Founders dreamt of. It started to fall apart almost immediately after Congress started acting as a charitable lender and was giving taxpayer money away. Both James Madison and Benjamin Franklin spoke about it.
I blame Congress and Fiscal Liberalism for our current problems. Let's try capitalism on, I really think it could work. Nothing else I've seen in my 40 years has.
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- 1 decade ago
They left england because of high taxes much like we now pay now to senseless morons who are raping us and spending money on personal gain while calling it military, health care, interest and social security.
you know these guys can't be trusted to be the honest saint type.
I'm not saying they're taking all of the money. I think they're being kind enough to leave us the scraps. We are now cleaning up all the messes from the auto industries because the oil companies raised the prices and trucks lose value and this cost auto industries enough to fight that decision.
It's a tug of war between the little piggies and we pay for the works.
- JenLv 71 decade ago
Our Founders did not envision the current corporate plutocracy and cronyism that the major corporations and their CEO's enjoy today.
- Anonymous1 decade ago
Yes and no,
Some were just greedy pukes wanting free labor (slaves) and No tax's. While the rest wanted Freedom to better themselves and the people that fought for our freedom.Source(s): ol white biker
- tott1Lv 51 decade ago
our founding fathers never envisioned that so many americans would be willing to remain poor while waiting on help from a government that they tried so hard to keep from having the power to effect the peoples everyday life. they thought that if they put enough restrictions on the government it would increase the peoples ability and motivation to provide for themselves and we have ruined it.
- robot_hooker2Lv 41 decade ago
Yes. The percentage of poor and homeless was much higher in the 1700s, and the actual living situations of both groups was much, much worse.
Ten percent of the population occasionally dropping below the poverty line (but still owning color TVs and cars) before rising back up again is not bad at all.
If you want to protest what you see as unwarranted high salaries, why don't you direct your anger toward athletes who contribute almost nothing to society as opposed to captains of industry who provide goods, services and employment.
We have more prisoners in the US because we don't execute them at the same rate as other countries, we're more honest about our statistics than other countries and we actually enforce our own laws.
- JadeLv 61 decade ago
This is definitely not what our founding fathers envisioned for this nation!
A government big enough to give you everything you want, is strong enough to take everything you have. -Thomas Jefferson