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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 imagep View Post
    That, and the fact that some people believe that there inheritance is an "accomplishment", as if they did something to earn it.
    who has ever said that-what is funny is watching the envious complain that someone-- who inherited money because the person who earned it exercised his or her right to bequeath the wealth he or she earned-- is less entitled to that wealth than the pimps in government who want to pander to the butt hurt envy of a bunch of failures



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

    Quote Originally Posted by TurtleDude View Post
    ah Poor thing. I am sorry the some place, some where I posted something that accentuated your feelings of envy. Its a piss poor argument to support confiscatory statist policies because someone made you feel bad about your own failings
    Why do you feel the need to continually mention your accomplishments? Do you suffer from an inferiority complex? Do you need to feel superior?

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

    Quote Originally Posted by Texmex View Post
    Why do you feel the need to continually mention your accomplishments? Do you suffer from an inferiority complex? Do you need to feel superior?
    Constantly is a bit hyperbolic but it fun watching a few whine and caterwaul

    and when people who are net tax consumers constantly whine about the rich and bleat that the rich should pay more and more, I have a right to counter that crap.



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

    Quote Originally Posted by ludin View Post
    like America other place have their banking system that can expand their money supply as needed based on economic demand.
    So, quantitative easing, is that what you're referring to? Is that what the real difference is between those places you mention where people are generally either very wealthy or very poor?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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

    Quote Originally Posted by TurtleDude View Post
    Constantly is a bit hyperbolic but it fun watching a few whine and caterwaul

    and when people who are net tax consumers constantly whine about the rich and bleat that the rich should pay more and more, I have a right to counter that crap.
    Yes you are free to be as obnoxious as you desire.

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

    Quote Originally Posted by Papa bull View Post
    OK. You're convinced that Obama engaged in crony capitalism and no amount of explanation to the contrary is going to change your mind so I leave you to your opinion on that. But...... gotta say.... if a little odd to argue that it was necessary AND it was crony capitalism. Crony capitalism, by it's very "meme" indicates that it wasn't necessary but gratuitous. But nevermind. I've got work to do.
    Of course they all did - Bush II, Obama, Congress, both parties. It's in the historical record, so not really an "opinion" - just what happened. Every history written of the era will accept this as self evident. So you're right - no amount of "explanation" that is contradicted by the record will convince me.

    And crony capitalism just means success or failure depends on relationships with government, with government picking winners and losers. That clearly was the case during the crisis - as you said, 100s of smaller banks were allowed to fail, some huge financial institutions were allowed to fail, but we spent/loaned/guaranteed $TRILLIONS to save some of the biggest players.

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

    Quote Originally Posted by TurtleDude View Post
    Constantly is a bit hyperbolic but it fun watching a few whine and caterwaul

    and when people who are net tax consumers constantly whine about the rich and bleat that the rich should pay more and more, I have a right to counter that crap.
    No you don't. The first amendment is only for liberals. Any attempt to refute their silly-assed drivel has them swarming to shout you down.
    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 imagep View Post
    That, and the fact that some people believe that there inheritance is an "accomplishment", as if they did something to earn it.
    80% of millionaires are first generation rich. IE they didn't inherit it. they earned it.

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

    Quote Originally Posted by Dittohead not! View Post
    So, quantitative easing, is that what you're referring to? Is that what the real difference is between those places you mention where people are generally either very wealthy or very poor?
    do you not understand how the federal reserve works? they control the money supply in the system. as the system needs more money or the economy expands. they add that money into the system.

    hence no 1 group of people can own it all. it simply isn't possible.

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

    Quote Originally Posted by JasperL View Post
    Of course they all did - Bush II, Obama, Congress, both parties. It's in the historical record, so not really an "opinion" - just what happened. Every history written of the era will accept this as self evident. So you're right - no amount of "explanation" that is contradicted by the record will convince me.

    And crony capitalism just means success or failure depends on relationships with government, with government picking winners and losers. That clearly was the case during the crisis - as you said, 100s of smaller banks were allowed to fail, some huge financial institutions were allowed to fail, but we spent/loaned/guaranteed $TRILLIONS to save some of the biggest players.
    Like I said. You can't argue assert that the bailouts were necessary and then assert that it was crony capitalism, too. One or the other. If your motive is to save yourself, then saying it was really because you were doing someone else a favor is just dishonest. But I see there's no reasoning with you so go ahead and get your requisite last word in, whatever it may be. Cheers.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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