Quote:
Originally Posted by Adux
HKDan,
There are income disparities, wide one's at that. There is no use of denying that, anybody saying otherwise is a liar. We have 300 million under the poverty line. But we are getting nearly 3-5 million out of poverty every year. But every new billionaire or person moving up the chain gives people the hope that even they can make it too.
|
Adux,
I have not read the entire thread, but your figure is very positive for India!
At that current pace, "IN A PERFECT WORLD", would end poverty in about 75 years in India with no population growth.
I also agree with your statement that every person moving up on the chain gives people hope that they also can make it!
Here in the U.S., one of the most capitalistic countries in the world, has a population of 300 million. Of those 300 million people, we also have the most billionaires and millionaires! Am I bragging?? NO!!!
What I believe in, is the middle guy!! Your average American.
In this country, the gap between the rich and the poor is increasing. It is a disease that is spreading around the world!
Most of the U.S., "BLUE COLLAR" jobs have moved overseas to countries that pay "pennies on the dollar". With this modern move, the U.S. has now become a, "WHITE COLLAR COUNTRY", in which the poorer, and "UP AND COMING COUNTRIES" manufacture our everyday goods.
As a business owner myself, it is cheaper to pay someone $.30 per hour then $30.00. In this situation, it makes more CEO's richer, but CEO's in other countries that own the manufacturing factories wealthy beyond believe!
I know 99% of you already know this, but China and India is currently experiencing there new wealth. As long as China and India continue with cheap, or slave labor practices, the gap between the rich and poor will decrease, but only to a certain point.
Thanks!