Inequality in Chilean society breeds resentment

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john
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Inequality in Chilean society breeds resentment

Post by john » Wed Oct 29, 2014 8:02 pm

Apparently, Chile's 'one percenters' are causing middle class resentment, particularly against those with inherited wealth.

'Very high inequality' in Chilean society breeds resentment

Chile's elite regarded as 'arrogant' and 'despotic' by middle class, expert says securing 'social rights' is first step in bridging the gap between rich and poor.

http://www.santiagotimes.cl/very-high-i ... esentment/
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Kaitee
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Re: Inequality in Chilean society breeds resentment

Post by Kaitee » Thu Oct 30, 2014 1:42 am

""“The gap between rich and poor will increase until policies to redistribute wealth and establish social rights are enacted,” he added.""
Oh, boy, it's everywhere! The rich did not cause the poor to be poor. There will always be rich and there will always be poor. Have been since the beginning of time. Redistribution of wealth is not a good policy.

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Re: Inequality in Chilean society breeds resentment

Post by frozen-north » Thu Oct 30, 2014 1:43 pm

Kaitee wrote:
""“The gap between rich and poor will increase until policies to redistribute wealth and establish social rights are enacted,” he added.""
Oh, boy, it's everywhere! The rich did not cause the poor to be poor. There will always be rich and there will always be poor. Have been since the beginning of time. Redistribution of wealth is not a good policy.


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john
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Re: Inequality in Chilean society breeds resentment

Post by john » Thu Oct 30, 2014 2:07 pm

Kaitee wrote:The rich did not cause the poor to be poor.
Of course not, the poor want to be poor. :roll:
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ExpatBob
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Re: Inequality in Chilean society breeds resentment

Post by ExpatBob » Thu Oct 30, 2014 2:48 pm

john wrote:
Of course not, the poor want to be poor. :roll:
I don't see them doing anything to improve their condition, other than complaining. So yes, they do want to be poor. Those who truly don't want to be poor shut up, work, and save, in order to become "not poor."

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Re: Inequality in Chilean society breeds resentment

Post by admin » Thu Oct 30, 2014 3:12 pm

let me get this strait.

You have Credit Suisse researchers providing magic numbers about who is wealthy in Chile, coupled with magic sociologist (sociology in latin american = study of marist socialism, not any recognized academic field), both drawing conclusions about what is right and wrong with Chilean society?

Yea, I feel thoroughly informed about something I did not know about Chile prior to reading that article.

Then also, this sure seems like a good deal of redistribution going on:
Credit Suisse estimates that Chile’s sphere of millionaires will rise by 84 percent within the next years with “sustained growth,” numbering 88,000 by 2019.
Although, I would again reiterate that the good people at Credit Suisse, even though they might try, haven't got a F*%KEN clue who is rich and who is not in Chile. For instance, did they count my friends living in cabins with no electricity or running water in the Patagonia, built on properties that are worth 1-2 milllion U.S. dollars (or more). Pretty sure they did not, because not even the Chilean IRS knows what they are worth until they are sold. There is a lot of millionaires (in U.S. dollars) in this country, that do not look like millionaires, and are totally unaccounted for.

did Credit Suisse go out and unravel the labyrinth of business partnerships and incorporation at all the notaries in Chile, to figure out who is really worth a million dollars? Hardly. It would cost more than the GDP of Chile to unravel that mess, and likely they would find out that many of their counted millionaires are up to their eyeballs in debt, while a lot of poor people are actually more than middle class.

I could go on and on about how whatever number they got, is complete B.S. hell, over half the wealth of Chileans, is not even in Chile. It is parked in a swiss bank account, or a house in Miami, or whatever. How the hell do you measure that? They sure did not get any sort of number from the Chilean IRS, because they might be the most clueless of all about how rich Chileans are.

Now, I do believe that cultural view of the rich is deserved in some sense. Just think a lot of it really is directed at the New Rich of Chile, not the uber rich or old money of Chile (because most of the poor people will never get to interact with them at all on any level).

I have met a lot of both, and some are assholes and some are not. However, the overwhelming majority of assholes, in purely economic terms I have met in chile, are the new rich of Chile. There is this belief to show that you are rich, you need to act like it, among those that come up from the lower or middle class and makes some money. Thus, it is a self-fulfilling prophecy of the rich behave like assholes, because that the cultural believes that is what is to be rich. So they start treating everyone else like crap, as soon as they get more than two pesos to rub together.

The uber rich of Chile, I would say fall more in to the realm of they just don't give a dam for the most part, one way or the other. They do however appreciate the fact that you can not ignore the poor completely, without bad things starting to happen.

By the way, to be considered in the top 1%, or at least the 10%, of wealthy in Chile does not take all that much money. Doubt it even takes million dollars to qualify.
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El Chupacabra
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Re: Inequality in Chilean society breeds resentment

Post by El Chupacabra » Thu Oct 30, 2014 3:15 pm

I don't get this thread, was this info a surprise to anyone? It has been like this forever. Chile is a very classist society.
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Re: Inequality in Chilean society breeds resentment

Post by gyroid » Thu Oct 30, 2014 3:15 pm

Kaitee wrote:Redistribution of wealth is not a good policy.
Denmark and its mates are laughing hard.

Forced redistribution is bad. Distributism as a philosophy of life is great.
El Chupacabra wrote:I don't get this thread, was this info a surprise to anyone? It has been like this forever. Chile is a very classist society.
Every society was classist until some point in history.

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Re: Inequality in Chilean society breeds resentment

Post by nwdiver » Thu Oct 30, 2014 3:16 pm

I find the new rich and new middle class to be the most arrogant and untrustworthy in Chile, they would be the ones to screw you over, the old rich live pretty quietly and stay out of the limelight........ well except for the politico types ;)
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El Chupacabra
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Re: Inequality in Chilean society breeds resentment

Post by El Chupacabra » Thu Oct 30, 2014 3:17 pm

admin wrote:There is this belief to show that you are rich, you need to act like it, among those that come up from the lower or middle class and makes some money. Thus, it is a self-fulfilling prophecy of the rich behave like assholes, because that the cultural believes that is what is to be rich. So they start treating everyone else like crap, as soon as they get more than two pesos to rub together.
I think they got this from trying to emulate wealthy Americans.
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Re: Inequality in Chilean society breeds resentment

Post by ExpatBob » Thu Oct 30, 2014 3:33 pm

admin wrote:let me get this strait.
See, even Admin has done well for himself despite his terrible spelling :) Who says folks can't get ahead?!

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Re: Inequality in Chilean society breeds resentment

Post by HybridAmbassador » Thu Oct 30, 2014 4:19 pm

ExpatBob wrote:
admin wrote:let me get this strait.
See, even Admin has done well for himself despite his terrible spelling :) Who says folks can't get ahead?!
For sure I concur, when trying to visualise who is who with having his/hers hidden wealth, of the very few people met in person and those not met yet, whilst my short stay there in Chilelandia, the Admin comes ahead of EEUU-san as person being "loaded" but incognito !

Has the spring arrived there in Chile? can't wait to be there again very soon but this time around hoping for much prolonged stay...
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