I believe this is a perfect location to demonstrate the huge income disparity our nation suffers from. The grandest game, with seats in the $10,000+ range, and million dollar suites, is being played in one of the poorest counties in New Jersey. I wonder how many Passaic County residents will be attending the big game? With a per capita income of $21,000 (Genesee is 24,000 with much more reasonable cost of living), my guess is none.
The Super Bowl has become more than a game, it is an event. Here's hoping it is windy, rainy and 33 degrees. The players won't be affected nearly as much as the "beautiful people" who have the means to waste money on such frivolity.
Some may view this as class envy. I view it as what it is;the truth. Why do we allow one spectacle, costing 100's of millions of dollars, to be played within whole communities that don't have good schools, streets or infrastructure? Because as a collective society, we admire the "beautiful people", and ignore the less fortunate.
( Cue the hateful comments about socialism and wealth redistribution)
WASHINGTON | The growing gap between the richest Americans and everyone else isn't bad just for individuals.
It's hurting the U.S. economy.
So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that's intensified as middle-class pay has stagnated while wealthier households have thrived.
A key source of the economists' concern: Higher pay and outsize stock market gains are flowing mainly to affluent Americans. Yet these households spend less of their money than do low- and middle-income consumers who make up most of the population but whose pay is barely rising.
"What you want is a broader spending base," said Scott Brown, chief economist at Raymond James, a financial advisory firm. "You want more people spending money."
Spending by wealthier Americans, given the weight of their dollars, does help drive the economy. But analysts said the economy would be better able to sustain its growth if the riches were more evenly dispersed. For one thing, a plunge in stock prices typically leads wealthier Americans to cut sharply back on their spending.
"The broader the improvement, the more likely it will be sustained," said Michael Niemira, chief economist at the International Council of Shopping Centers.......
Kyle, I don't even remember the comment! I was referring to the poster's name. It was something like "jxxxxx sxxxxxxx". I was surprised someone with a name like that could even log on.
And thanks to whoever for the 2 negative votes! I love them, keep 'em coming!
........"For the past 10, 20, 30 years, capital has moved away from labor and towards corporations and investors," Gross says. "I'm not sure capitalism can thrive in a system in which ... [labor] has a declining interest, in terms of percentage of the pie. Then ultimately the pie itself can't grow, because consumption can't be supported."
95 percent of income gains go to top 1 percent
Indeed, Wall Street has been on a record-smashing binge. The Dow has been setting all-time highs since March 2013, closing with its 52nd on New Year's Eve, with a 26 percent gain for the year. The S&P 500 set its 45th record, also on New Year's Eve, with a yearly profit of nearly 30 percent – its largest increase in 16 years. And the Nasdaq has outperformed both, with a 38 percent gain in 2013.
Corporate profits, fueled by the easy cash flowing into Wall Street, have been setting all-time records as well. In the third quarter of 2013, profits after taxes accounted for more than 11 percent of US gross domestic product, the sum of all goods and services. That's the highest such percentage of GDP ever recorded, although record highs have been set in each of the past three years.
As a result, since the official end of the Great Recession in mid-2009, 95 percent of all income gains have flowed up to America's top 1 percent, who also now accrue 20 percent of the nation's total pretax income, doubling their 10 percent share from the 1970s.
Main Street, too, has been setting records – albeit of a different kind. Only a little more than half of Americans own stock today, continuing the record lows since the start of the recession. Income from wages and salaries, the essence of middle- and working-class wealth, has shrunk from more than 50 percent of the GDP pie in 1970 to 42.6 percent in 2012 – the smallest piece ever measured.......
It should be played outdoors in the elements. The way I figure it, it will an advantage to my beloved Bills when they return to the championship game in Super Bowl IIC
Although I am concerned about it from the reported economic affects, I am more concerned about income disparity due to the way wealth is bastardizing our political system. When the Kock brothers (and their bastard brother Art Pope) and their ilk can buy state legislatures and redrawn Congressional districts, income disparity is a bigger issue than some being able to buy $20,000+ seats to a football game.
Amazing that a simple poll about playing the super bowl in an open air North East Stadium has prompted attacks on the Koch Brothers, long winded links to articles frothing against Wall Street and what is shaping up to be a progressive, socialist manifesto.
My take, cold, wind blown and snowy conditions make for good football, anything else is irrelevant to the poll
Cool, I'm going to change my
Cool, I'm going to change my name to Lxxx Sxxxxxxxxx. Let's ALL do that!
Anonymous commenter account
Anonymous commenter account blocked and comment deleted.
I believe this is a perfect
I believe this is a perfect location to demonstrate the huge income disparity our nation suffers from. The grandest game, with seats in the $10,000+ range, and million dollar suites, is being played in one of the poorest counties in New Jersey. I wonder how many Passaic County residents will be attending the big game? With a per capita income of $21,000 (Genesee is 24,000 with much more reasonable cost of living), my guess is none.
The Super Bowl has become more than a game, it is an event. Here's hoping it is windy, rainy and 33 degrees. The players won't be affected nearly as much as the "beautiful people" who have the means to waste money on such frivolity.
Some may view this as class envy. I view it as what it is;the truth. Why do we allow one spectacle, costing 100's of millions of dollars, to be played within whole communities that don't have good schools, streets or infrastructure? Because as a collective society, we admire the "beautiful people", and ignore the less fortunate.
( Cue the hateful comments about socialism and wealth redistribution)
Dang I missed it because of
Dang I missed it because of my Dr.s Appt. What kind of assinine comment was it Lxxx.... I mean Lori LOL
Why is "the huge income
Why is "the huge income disparity in this country" a problem?
http://www.theledger.com/arti
http://www.theledger.com/article/20131217/news/131219302?p=1&tc=pg#gsc…
WASHINGTON | The growing gap between the richest Americans and everyone else isn't bad just for individuals.
It's hurting the U.S. economy.
So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that's intensified as middle-class pay has stagnated while wealthier households have thrived.
A key source of the economists' concern: Higher pay and outsize stock market gains are flowing mainly to affluent Americans. Yet these households spend less of their money than do low- and middle-income consumers who make up most of the population but whose pay is barely rising.
"What you want is a broader spending base," said Scott Brown, chief economist at Raymond James, a financial advisory firm. "You want more people spending money."
Spending by wealthier Americans, given the weight of their dollars, does help drive the economy. But analysts said the economy would be better able to sustain its growth if the riches were more evenly dispersed. For one thing, a plunge in stock prices typically leads wealthier Americans to cut sharply back on their spending.
"The broader the improvement, the more likely it will be sustained," said Michael Niemira, chief economist at the International Council of Shopping Centers.......
Kyle, I don't even remember
Kyle, I don't even remember the comment! I was referring to the poster's name. It was something like "jxxxxx sxxxxxxx". I was surprised someone with a name like that could even log on.
And thanks to whoever for the 2 negative votes! I love them, keep 'em coming!
http://www.csmonitor.com/USA/
http://www.csmonitor.com/USA/2014/0105/Income-inequality-Does-wider-gap…
........"For the past 10, 20, 30 years, capital has moved away from labor and towards corporations and investors," Gross says. "I'm not sure capitalism can thrive in a system in which ... [labor] has a declining interest, in terms of percentage of the pie. Then ultimately the pie itself can't grow, because consumption can't be supported."
95 percent of income gains go to top 1 percent
Indeed, Wall Street has been on a record-smashing binge. The Dow has been setting all-time highs since March 2013, closing with its 52nd on New Year's Eve, with a 26 percent gain for the year. The S&P 500 set its 45th record, also on New Year's Eve, with a yearly profit of nearly 30 percent – its largest increase in 16 years. And the Nasdaq has outperformed both, with a 38 percent gain in 2013.
Corporate profits, fueled by the easy cash flowing into Wall Street, have been setting all-time records as well. In the third quarter of 2013, profits after taxes accounted for more than 11 percent of US gross domestic product, the sum of all goods and services. That's the highest such percentage of GDP ever recorded, although record highs have been set in each of the past three years.
As a result, since the official end of the Great Recession in mid-2009, 95 percent of all income gains have flowed up to America's top 1 percent, who also now accrue 20 percent of the nation's total pretax income, doubling their 10 percent share from the 1970s.
Main Street, too, has been setting records – albeit of a different kind. Only a little more than half of Americans own stock today, continuing the record lows since the start of the recession. Income from wages and salaries, the essence of middle- and working-class wealth, has shrunk from more than 50 percent of the GDP pie in 1970 to 42.6 percent in 2012 – the smallest piece ever measured.......
I thought this was about
I thought this was about football???
It should be played outdoors in the elements. The way I figure it, it will an advantage to my beloved Bills when they return to the championship game in Super Bowl IIC
Although I am concerned about
Although I am concerned about it from the reported economic affects, I am more concerned about income disparity due to the way wealth is bastardizing our political system. When the Kock brothers (and their bastard brother Art Pope) and their ilk can buy state legislatures and redrawn Congressional districts, income disparity is a bigger issue than some being able to buy $20,000+ seats to a football game.
Crony capitalism is one
Crony capitalism is one thing. There's nothing free market about that.
But when I see people harping about "wealth inequality" I hear a call for socialism, for taxes being used to redistribute income. That's just wrong.
In America you should be able to become as wealthy as you're able so long as you play fairly.
H.
Amazing that a simple poll
Amazing that a simple poll about playing the super bowl in an open air North East Stadium has prompted attacks on the Koch Brothers, long winded links to articles frothing against Wall Street and what is shaping up to be a progressive, socialist manifesto.
My take, cold, wind blown and snowy conditions make for good football, anything else is irrelevant to the poll