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Thread: Ap survey: Us income gap is holding back economy

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by apdst View Post
    The government has killed a lot of jobs over the past few years.

    Obamascare is going to kill more.
    Care to explain how the "government killed jobs"? Notice that how none of the economists in this survey stated your position..


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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    Care to explain how the "government killed jobs"? Notice that how none of the economists in this survey stated your position..
    The drilling moratoriam, the XL pipeline, closing Federal land to drilling, closing coal mines, closing power plants...

    They're probably a buncha Libbos who are pushing wealth redistribution.
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    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by apdst View Post
    The drilling moratoriam, the XL pipeline, closing Federal land to drilling, closing coal mines, closing power plants...
    So everything about a sensitive issue when it comes to the environment? News flash take a look at this graph..


    They're probably a buncha Libbos who are pushing wealth redistribution.
    Yes all economists who dont agree with you are "libbos"


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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    government work programs, SNAP, not to mention the minimum wage was a lot more.. Care to elaborate?
    Sure.

    EITC used to be $400 and now it can be $5k. The Child Tax Credit used to be $400 and now it's $1k. Those two credits alone account for $90 Billion dollars in transfer payments. Food stamps started out as a program where people bought their own food stamps at a 50% discount (for $10 you would get $20 in food stamps). In the late 70's it turned into a direct benefit and it has been expanded several times since.

    Discussion of minimum wage is only relevant to the extent that years ago minimum wage jobs were considered to be "entry level" jobs that people weren't expected to stay in but now with all the additional subsidies that minimum wage workers are eligible for it has become a career choice for millions of Americans who lack the ambition to better themselves economically.

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by Lutherf View Post
    Sure.

    EITC used to be $400 and now it can be $5k. The Child Tax Credit used to be $400 and now it's $1k. Those two credits alone account for $90 Billion dollars in transfer payments. Food stamps started out as a program where people bought their own food stamps at a 50% discount (for $10 you would get $20 in food stamps). In the late 70's it turned into a direct benefit and it has been expanded several times since.

    Discussion of minimum wage is only relevant to the extent that years ago minimum wage jobs were considered to be "entry level" jobs that people weren't expected to stay in but now with all the additional subsidies that minimum wage workers are eligible for it has become a career choice for millions of Americans who lack the ambition to better themselves economically.
    So the argument is that the government assistance killed worker productivity?


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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    So the argument is that the government assistance killed worker productivity?
    At the low end of the income scale? Yes.

    What you have now as opposed to 30 years ago is a stagnant low income demographic while middle and high income individuals have become more productive and, thus, are more highly compensated.

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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by Lutherf View Post
    At the low end of the income scale? Yes.

    What you have now as opposed to 30 years ago is a stagnant low income demographic while middle and high income individuals have become more productive and, thus, are more highly compensated.
    Then why is the middle class disappearing? They certainly are not joining the upper class...


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    Re: Ap survey: Us income gap is holding back economy

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: AP survey: US income gap is holding back economy

    No surprise here. Seems that this trickle down economic theory isnt working at all, also not a surprise.
    We can all look forward to Gilded Age II within the next ten years or so.

    A supposedly happy day for the libertarians - a living Hell for the rest of us.
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    Re: Ap survey: Us income gap is holding back economy

    Of course the income gap is holding back the economy. I can't imagine their is a an economist alive that would argue with that point.

    The only real debate is what causes that gap. The article makes some suggestions but it doesn't really bring the economists into it.

    (Even if it did, what they heck is a survey of "more than three dozen" economists supposed to mean anyway.
    That's like saying we got 3 or 4 doctors to agree on a medical point. It means almost nothing.)

    Fun quote:
    "The Obama administration's health care law will make little or no difference to the job market. About two-fifths said the law would cost jobs. None said it would increase hiring."

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    Re: Ap survey: Us income gap is holding back economy

    AP Survey: Media is doing its job selling hand outs to voters to take more from the successful for the unsuccessful.


    Quote Originally Posted by TheDemSocialist View Post
    Read more @: AP survey: US income gap is holding back economy

    No surprise here. Seems that this trickle down economic theory isnt working at all, also not a surprise.

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