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Thread: As Corporate Profits Soar, Workers are Making Less!

  1. #131
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by Middleground View Post
    Apart from the 1%, it seems that the American Dream is dead. Sad.
    It will be if O'Bama gets his way.

  2. #132
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by apdst View Post
    It will be if O'Bama gets his way.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by apdst View Post
    The bottom 50% pay nothing, so it's not, "everybody else".
    Not quite true. They pay all kinds of taxes, not to mention SS and such.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  4. #134
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by apdst View Post
    Do you even understand what trickle down economics means?



    That's because there was no government involvement. No one is advocating no government involvement. Obviously, there need to be regulations in place to protect workers and businesses, but not so much regulation that it oppresses those same businesses.
    Yes, I do understand, and I see no evidence that it actually trickles down in the context of the discussion . . . , you know . . . , giving them breaks.

    And yes, you do seem to be advocating no involvement. But it is good to see that we do need some involvement. But then the argument becomes where is the line and not to remove government. One man's oppression is another man's needed regulation.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  5. #135
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by Boo Radley View Post
    Yes, I do understand, and I see no evidence that it actually trickles down in the context of the discussion . . . , you know . . . , giving them breaks.

    And yes, you do seem to be advocating no involvement. But it is good to see that we do need some involvement. But then the argument becomes where is the line and not to remove government. One man's oppression is another man's needed regulation.
    I think that you fail to understand that trickle down economics isn't confined to rich people. Trickle down economics is effected by all income levels, who aren't on government assistance.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by apdst View Post
    I think that you fail to understand that trickle down economics isn't confined to rich people. Trickle down economics is effected by all income levels, who aren't on government assistance.
    Trickle down economic only works in two ways. By the rich spending retard amounts of money or by the rich raising wages. Neither is happening nor has happened in quite some time. Not even under Reagan

    Quote Originally Posted by MrVicchio View Post
    It is a non-story. Businesses don't exist to make workers rich, welcome to reality.
    When the evil maximum is the most esteemed value, you have a broken society.
    Last edited by xpiher; 06-17-11 at 12:25 AM.
    Hayek - too liberal for republicans

  7. #137
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by xpiher View Post
    When the evil maximum is the most esteemed value, you have a broken society.
    interesting libertarian perspective you have. Corporations exist to make their owners money. And that is not evil. Evil is demanding other people conform to your utopianistic pillowheaded ideals

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by TurtleDude View Post
    interesting libertarian perspective you have. Corporations exist to make their owners money. And that is not evil. Evil is demanding other people conform to your utopianistic pillowheaded ideals
    Capitalism demands people/society to have a moral backbone. The evil maximum is pursing profit at the cost of everything else. That has become the most esteemed value in our society, and its lead to many of its ills. Go re-read The Wealth of Nations.
    Hayek - too liberal for republicans

  9. #139
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by TurtleDude View Post
    interesting libertarian perspective you have. Corporations exist to make their owners money. And that is not evil. Evil is demanding other people conform to your utopianistic pillowheaded ideals
    And communities exist for the populations that inhabit them. If a corporation can't have a symbiotic relationship with its community, there's no reason why it should exist in that community.

    Why should a nation allow something that hurts them to exist? Usually, we list such things as threats to be monitored, or destroyed.

    Capitalism demands people/society to have a moral backbone. The evil maximum is pursing profit at the cost of everything else. That has become the most esteemed value in our society, and its lead to many of its ills. Go re-read The Wealth of Nations.
    Pretty much this.

    One of the assumptions behind a capitalist system is that there are qualities and behaviors one can possess that exceed the value of money, and that people who have wealth will also want those qualities (all the more so since they already have wealth). It's one of the qualities that reconcile self-interest with the public good, that eventually a person's self-interest will be satisfied and they can be sincerely interested in the public good.

    Wall-Street doesn't give the impression that any amount of money is good enough for its members, that they can turn their attention to other things. The wealthier people get, the greater their compulsion to get more wealthy becomes. It encourages recklessness and greed on a level no civilization can support.

    The bottom 50% pay nothing, so it's not, "everybody else".
    Because their salaries are plummeting. And the salaries of the upper income brackets are rising.

    You can only tax where the money is.
    Last edited by Morality Games; 06-17-11 at 12:46 AM.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

    St. Benedict

  10. #140
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by xpiher View Post
    Trickle down economic only works in two ways. By the rich spending retard amounts of money or by the rich raising wages. Neither is happening nor has happened in quite some time. Not even under Reagan
    Another one that has zero clue of how trickle down economics works.

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