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Thread: Economy shrinks for first time in 3 1/2 years[W: 395]

  1. #111
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    Of course it is reality, that is what a capitalist meritocracy is all about.
    That's contradictory. In a meritocracy, one person would never need to work harder than another to achieve the same things. They'd receive things base don merit, not increased opportunity. Aristocracy is what causes the extreme opportunity divide.

    I would certainly support implementing a meritocracy, but it's just unrealistic.
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    Of course it is reality, that is what a capitalist meritocracy is all about.
    The problem is that an intergenerational class system runs in opposition to meritocracy.

  3. #113
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Dwight View Post
    The problem is that an intergenerational class system runs in opposition to meritocracy.
    Not really, since a fool and their money are soon parted. What allows that system to persist are laws that allow hiring profesionals (lawyers, money manangers and accountants) to maintain a personal fortune, despite the inability of any given rich moron to do anything productive at all.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  4. #114
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    Not really, since a fool and their money are soon parted.
    Yes really, because an intergenerational class system works to keep the fool and their [parent’s] money together.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Dwight View Post
    Yes really, because an intergenerational class system works to keep the fool and their [parent’s] money together.
    Which is exactly what the rest of my post, that you clipped, said.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  6. #116
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    Not really, since a fool and their money are soon parted.
    It's not just about money, but opportunity. In a meritocracy, someone else's accomplishments or failures would not have any effect on your opportunity to succeed. That's not the case here, though. The accomplishments or failures of a person's parents have a tremendous effect on a child's opportunities. Far more of an effect than one's personal merits does. We are definitely not in a meritocracy because of that.
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    Which is exactly what the rest of my post, that you clipped, said.
    Then you should have left the positively inane sentence out of the post.

    Further, it is not just what you talked about. It is baked in much deeper than that. For example the education system, as it is currently constructed. As someone with kids the first thing when I am moving that I look for is the school, not the house. Because schools and school districts are so uneven quality and as someone of means I can afford the houses served by the better run schools.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Dwight View Post
    Then you should have left the positively inane sentence out of the post.

    Further, it is not just what you talked about. It is baked in much deeper than that. For example the education system, as it is currently constructed. As someone with kids the first thing when I am moving that I look for is the school, not the house. Because schools and school districts are so uneven quality and as someone of means I can afford the houses served by the better run schools.
    Good point. At least some local gov't is still allowed. If the liberals in charge of federal income redistribution had their way, that too would vanish. It seems that the new gov't paradigm is - if it works then tax it, if not then subsidize it.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  9. #119
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    Re: Economy shrinks for first time in 3 1/2 years

    Heres the real problem. The economy has not really grown since 2007. In 2007, GDP was 13.3 trillion. Today its 13.6 trillion ( in constant 2005 dollars). Which means the economy grew by only 2% in 5 years!

  10. #120
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    Re: Economy shrinks for first time in 3 1/2 years

    Tucker Case;1061408065]So if they cut spending, you'd support tax increases?
    Spending cuts first then let's see what that does to govt. revenue. Right now only half the country that earns income pays income taxes and that means they have no "investment"in the debt service. We don't have a revenue problem we have a spending problem



    That's just not true, though. Wealthy people are granted many opportunities that others have to struggle to even have a chance to receive. A kid who comes from a family with an income of $1,000,000 per year will not have to work as hard as a kid from a family that earns $40,000 annually. That's just reality in a world where things need to be paid for.
    I am living proof that is an exaggeration which you seem to offer a lot of. I worked hard, took risk, and benefited. What is your excuse for not being part of the elite that you seem to be jealous of?





    I guess if you abuse the English language with blatant disregard like that it's "whining".
    How about addressing the issue?



    What if it's invested in a Chinese company? Does that help the US economy? What if it is put a Swiss Bank account (the financial equivilant of burying it in your backyard)?
    Since we are China's biggest trading partner, yes, it helps people here.





    What are you talking about? I ran a construction business for years. Did you make something up in your head and convince yourself it was true?
    Apparently just following your lead

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