1. Rarely, since capitalism inherently creates social classes.
Life inherently creates social classes. Some people spend more frugally than others. Do you know of an economic system that does not create social classes? If so your criticism of capitalism is valid, if not then your issue with capitalism is meaningless.
You can bullshit about none of the Fortune 500 CEOs came from the aristocratic class, but the fact is that they came from the upper-middle class at worst.
But the Forune 500 CEOs are not the only 500 successful people in America. Arguably if you go from lower class to upper middle class then you have upward social mobility. It's really rather irrelevant how far you make it up as long as you move upward. I know of few people who would have a problem ending their life as upper-middle class.
Don’t try to justify how Paris Hilton and the rest of them deserve the wealth; they did not earn their money through a meritocratic, social-classless capitalism (which, by nature of the capitalist system, cannot exist). For the poorest of classes, there is limited opportunity given the need for high education to succeed in modern society, and thus are trapped in their poverty.
Higher education is so prevalent as to be worthless. What we need is to refocus resources on the sciences and stop stigmatizing trade schools as inferior. That will in and of itself solve many problems with our current allocation of resources.
2. There is not really a figure for this but I believe it would be about an income of 250,000 a year.
Individual or family? What if they live in an expensive neighborhood with a "compassionate" government that taxes them at 60%? I do like however that you have made up an arbitrary number to define rich. Why isn't it 200,000? 150,000? 100,000? I mean, why 250,000?
I guess $250,000 is the number redistributionist busybodies think will earn them the least scorn.
Everyone living under the poverty line in America, which stands about 12% of the total population, in addition to the lower brackets of income of the middle class. Your definition of poor is a description of the middle- to upper-middle class, and reveals a downright ignorance of the plight some people face.
No, you are ignorant of the prosperity in America. People in truly poor nations come to America and wonder where the poor people are. More people below the poverty line in America die from obesity than starvation. Your faux concern for the poor aside, I doubt very much you care for their "plight" any more than I just because you are grossly ignorant of the difference between private money and public money.
I don’t have exact figures but I highly doubt the United States has the greatest social mobility. George Carlin: ‘They call it the American Dream because you have to be asleep to believe it.’ Countries such as Norway and Sweden, due to an effective welfare system, is presently a few of the most just and equal societies, and the standard of living there is on average higher the United States.
Didn't George Carlin have a degree in late-night comedy? I hear Jim Carrey and Jenny McCarthy say vaccinations cause autism. Clearly since they are celebrities they must be right.
As an aside, no system, including Marxism, advocates the abolishment of economic classes, but instead advocates the abolishment of social classes. The most common, and misguided, interpretation of Marxism is Stalinism, and it was precisely because they created inequal social classes that it ultimately failed to bring prosperity to the workers.
No, it was precisely because The Communist Manifesto points out an evil social class: The bourgeoisie, and pits them against a good social class: The proletariat, that scumbags of every stripe have used it to rile up a mob of populism, take over a nation on a wave of anger, and set up gulags with their newly acquired emergency powers. That is why Commies are called Reds: They always leave a trail of blood behind.
This is seriously pathetic. The majority of poor who even do this are compelled by their socio-economic positions.
Blame the problem. The poor have no free will. They are subhumans incapable of free will. But you know better for them, don't you?
Rich snobs also do little but drink booze and take weed, but because of their family positions they are allowed to do so with little consequences. I am all for a meritocratic system, whereby social mobility and hard work are virtues.
Social mobility and hard work are virtues in a capitalistic system. In a capitalistic system if you create something someone else wants you will succeed unhindered by those "compassionate" folks who believe they can better spend your money than you can.
In a capitalistic society, however, the man at the factory gains much less, and will always gain much less, than Bill Gates at the top, despite doing much more labor. You can blame it on the worker's lack of innovation or intelligence, but these again are virtues inspired by education and can only really be used when you belong in at least the middle class.
I would love to know where you got the notion that factory work is still a large labor sector in America. Unless you are defining labor as a very crude "work requiring much brute strength and minimal mental focus," I fail to see how you can claim Bill Gates does or did "less labor" than any of his employees.
Furthermore, there are a huge number of immigrants who came to America poor and unskilled, who raised there children to value hard work, intelligent thought, and innovation. In what world do you live in where your economic class is the sole determinant of your values?
Never said it inherently did, only the failed policies of modern ‘conservatives’ Reagan and Bush.
"Conservative" is right in Bush's case. Reagan however pulled us out of the economic and foreign tailspin left for him by Jimmy Carter.
It is our business as to how they distribute their wealth, because it is through the laborers how they ever achieved their wealth.
This is utter bullshit. My mother started her own company and put in loads of labor and sweat equity. Only when the work became too great for one person did she get a bigger office and hire another person. You live in a Marxist fairy tale where employers discovered their companies presumably by magic and exist solely to exploit their workers and personally enrich themselves. You are the kind of person who should never be given power or trust in any matter of importance. You believe that everyone's money is the government's money. By what right is it your business what anyone does with their own money? Because you are compassionate? Because you are a good person? Because you care? Because it personally pains your soul that someone, somewhere may be getting fired today and despite your utter ignorance of the circumstances, you believe it fundamentally wrong?
Get serious.
How can you believe a government is compassionate if you believe people exist to exploit others? Government is comprised of people. If people are malevolent, than by extension government must be. Your positions are self-contradictory and inherently illogical. You see the boogieman of the employer everywhere yet believe the largest employer in a nation, a bloated, redistributionist government, is benign. Further you extol the virtues of unions as if the boss of the union is somehow a different class of boss than the boss of the factory.
While you may say the capitalists achieved their wealth by intelligently going through ‘voluntary exchanges’, the workers are in fact forced to accept their constantly-lowering (inflation-adjusted) wages or otherwise face starvation. By such an arrangement, capitalists extort great profit doing little productive labor. Of course, today there are unions to prevent blatant exploitation, thank God.
How are workers forced to accept their wages? Has no one in your life ever changed jobs? Do you believe human beings are automatons incapable of assessing a bad situation and innovating a way to solve it?
Oh wait, you must believe the only people capable of any innovation whatsoever are those in the upper-middle class. Everyone else is either a business owner and therefore a vile exploiter or a poor, uneducated, astoundingly ignorant moron who must be protected by those saintly few that establish unions.
You really believe unions prevent blatant exploitation? What prae tell does a union boss actually do? Does a union boss actually create anything? No. A Union Boss takes dues and forwards them to his favored political party. A Union Boss slows the efficient allocation of resources by protecting the unproductive. A Union Boss inflates wages beyond their productive value.
Notice the failure of the American Auto Industry. Why have Japanese companies flourished while US Auto has tanked? Because American auto-workers in Japanese companies based in America aren't being paid $40 an hour for an activity that produces $30 of value an hour. They are being paid $25 an hour for an activity that produces $30 of value an hour.
What century do you hail from, sir? This isn't 1860 Britain. Unions are a bloated, useless anachronism now that exist only to maintain themselves and their political power.
This is a result of deregulation policies of Reagan, extended by other presidents. The chief cause of this recession is bubbles in the economy: in the housing market, in the financial market, etc, all fueled by deregulation policies. I don’t see the debate here.
Yes, these industries, the most regulated industries in America, the industries who most likely got hit with Sarbanes-Oxley a few years ago, suffered from serious "deregulation" issues.
The most regulated sectors of the economy have ‘failed disastrously’ because the regulations were not effective and efficient, not because regulations are inherently bad. So let’s reform regulations to be more efficient.
Regulations exist to exchange efficiency for safety. The idea you can make an efficient regulation is preposterous, unless you're talking quality control policies, which are generally internal anyway.