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Thread: The 1% will own more than the 99% by 2016, report says

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by ludin View Post
    only liberal logic can come up with this disaster of a statement.
    no it isn't available to him. if it was then he would be able to sign up for it.

    then why are you so up in arms that they have more than you?
    actually I try to pay as little in tax as possible. I work hard for my money to provide for my family not give it to the government.
    Where am I up in arms that someone has more money than me? LOL Don't make up random ****, ludin, that's bad form.

    (Oh and it is available to him, he just needs to earn less money. He can weigh the risks and benefits, and if it's so easy and great as you guys say, then he can choose to live below the poverty line and apply for some federal benefits).
    Ted Cruz is the dumbest person alive.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by whysoserious View Post
    Where am I up in arms that someone has more money than me? LOL Don't make up random ****, ludin, that's bad form.

    (Oh and it is available to him, he just needs to earn less money. He can weigh the risks and benefits, and if it's so easy and great as you guys say, then he can choose to live below the poverty line and apply for some federal benefits).
    Do you believe a road to a prosperous society is to lower successful citizens to the level of less successful ones so that everyone can be on a level playing field? I'd really love for you to explain this one...
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by j-mac View Post
    Do you believe a road to a prosperous society is to lower successful citizens to the level of less successful ones so that everyone can be on a level playing field? I'd really love for you to explain this one...
    That's a straw man. It's difficult for me to explain a position I don't have.
    Ted Cruz is the dumbest person alive.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by whysoserious View Post
    That's a straw man. It's difficult for me to explain a position I don't have.
    So, then what did you mean when you said this:

    "Oh and it is available to him, he just needs to earn less money. He can weigh the risks and benefits, and if it's so easy and great as you guys say, then he can choose to live below the poverty line and apply for some federal benefits"

    ???
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JasperL View Post
    We all recognize that we're not solving the problems of the world. But I really see no alternative to somehow LIMITING the influence of money in elections. And constitutional issues aren't a barrier really - we've amended it many times and can do so again.
    We could amend the constitution but since we are talking about free speech, you're really talking more about discarding it because it's the most fundamental right a democratic society can have and it is the cornerstone of the bill of rights. They don't call it the first amendment for nothing.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by j-mac View Post
    Hi Jasper, could you please explain what you mean by this? Are you talking about the mortgage payment that homeowners make to the lenders?
    OK, the financial institutions made loans, charged a bunch of fees, sold them off at a profit almost immediately, those buyers bundled them into securities, charged more fees, sold off those securities at a profit, so all along the way the players are keeping slices of this new debt. And when the shiate hit the fan, the homeowners were mostly left with a mortgage debt in excess of the value of the property, many bankrupted, lost their houses and savings, but we covered the losses of the lenders instead of bailing out the borrowers. So after all the dust settles, which group benefited from the boom and the bust? It's not homeowners.... Follow the money as they say.

    And the bigger point is the purpose of all the changes were NEVER to 'redistribute' downward. The banking and lending environment we had in the bubble was nearly exactly what the biggest lenders and the most powerful institutions in the U.S. paid good money - $billions over time - to get. Look at the results during the bubble - everyone in the process was shoveling in profits, pay, bonuses and stock appreciation gains as fast as they could work the shovels.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by j-mac View Post
    So, then what did you mean when you said this:

    "Oh and it is available to him, he just needs to earn less money. He can weigh the risks and benefits, and if it's so easy and great as you guys say, then he can choose to live below the poverty line and apply for some federal benefits"

    ???
    That people who live below the poverty line have access to some benefits.
    Ted Cruz is the dumbest person alive.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JasperL View Post
    OK, the financial institutions made loans, charged a bunch of fees, sold them off at a profit almost immediately, those buyers bundled them into securities, charged more fees, sold off those securities at a profit, so all along the way the players are keeping slices of this new debt. And when the shiate hit the fan, the homeowners were mostly left with a mortgage debt in excess of the value of the property, many bankrupted, lost their houses and savings, but we covered the losses of the lenders instead of bailing out the borrowers. So after all the dust settles, which group benefited from the boom and the bust? It's not homeowners.... Follow the money as they say.

    And the bigger point is the purpose of all the changes were NEVER to 'redistribute' downward. The banking and lending environment we had in the bubble was nearly exactly what the biggest lenders and the most powerful institutions in the U.S. paid good money - $billions over time - to get. Look at the results during the bubble - everyone in the process was shoveling in profits, pay, bonuses and stock appreciation gains as fast as they could work the shovels.
    Right, and so I still didn't see a direct answer to the question, 'are you talking about the mortgage payment made to the bank'?

    I would ask you though, I know I am not the smartest person in the world, but when we bought our house, I read the documents before signing them, and if I had questions, I asked right then for clarification, and if I didn't like the answer, I asked to have it changed...Are you telling me that the borrower has NO responsibility for their situation? That the banks forced them to sign the papers?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by whysoserious View Post
    That people who live below the poverty line have access to some benefits.
    Right, So my point stands, you are saying that those with the means should give them up to live like those in poverty...Why? And do you think that would be a model for prosperity in this nation?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by j-mac View Post
    Right, So my point stands, you are saying that those with the means should give them up to live like those in poverty...Why? And do you think that would be a model for prosperity in this nation?
    No I don't know that I've ever said that. It's a straw man and possibly one of the largest non sequiturs I've seen. I don't even give up enough to "live like those in poverty", so I am not sure how a small bump in a progressive tax bracket would be asking anyone else to.

    That's not a very good or logical argument, j-mac.
    Ted Cruz is the dumbest person alive.

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