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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 rocket88 View Post
    Mitt Romney signed off on Obamacare, John McCain voted for the stimulus, and George HW Bush raised taxes.
    Romney holds no public office, McCain did not vote for the Stimulus, and Bush has been out of office for over 6 years plus that fact that none of them are true conservatives. Romney beats the alternative of Obama as did Bush and McCain but the low information voters disagreed.

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

    Quote Originally Posted by rocket88 View Post
    Mitt Romney signed off on Obamacare, John McCain voted for the stimulus, and George HW Bush raised taxes.
    Mitt Romney did not "sign off" on obamacare. In fact, the parts he opposed in Obamacare are the same parts he vetoed in Romneycare (vetoes overruled by Mass's legislature).
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Conservative View Post
    Does personal responsibility play any role in your world? What is your proposed solution to what you see as a problem? You seem to put a lot of faith in charts and graphs and have very little understanding about human nature and the ability of humans to make poor choices.
    First of all, I put some faith in evidence, because that is how we make informed judgments about the question at hand. I'm not sure what else to do but look at the data, observe the trends. Anecdotal evidence - how YOU did in your particular part of the world when you started work with your skill set and education - isn't data.

    Of course personal responsibility plays a role, but the fact is no amount of "personal responsibility" makes up for the fact that wages have stagnated for decades, or that a person of average intelligence, willing to work hard, 30 years ago could get a good job, with regular raises, a pension, etc. and that job either doesn't exist - it's been offshored - or exists in far fewer numbers. If there are 1,000x of those jobs, only 1,000x people CAN fill them. People can't work really hard and fill 2,000x of those good jobs - 1000x are simply GONE.

    This is the constant refrain from conservatives that it's all about personal responsibility and all that. For each person, sure, their success will depend in large part on their effort. But not everyone can be above average, make above average wages in an above average job in a booming field with lots of future growth potential. So no amount of hard work changes those broad trends reflected in those numbers.

    This is a great country for opportunity which liberals always destroy by micromanaging and promoting social engineering. Seems you want equal outcome and redistribution of wealth and punishing producers. The question is why don't you let people spend their money the way they want and not the way you think they should?
    A string of straw men. If you don't want to have a serious conversation, fine, but I've never claimed I want anything close to 'equal outcomes' nor do I want to 'punish producers.' In the past few decades the "producers" have seen their wages and wealth skyrocket. That's great. The problem is the other 90% of the country which has not. If there's anything I "want" it is that the country as a whole SHARE in the increased prosperity. It's fine with me if a CEO makes $50 million. What's missing is his employees wages are going down or stagnant (economy wide). It's the latter that is the problem, for all of us, including the CEO who needs BROAD wage gains to fuel real, sustainable economic growth.
    Last edited by JasperL; 01-23-15 at 08:08 PM.

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

    Quote Originally Posted by mac View Post
    Mitt Romney did not "sign off" on obamacare. In fact, the parts he opposed in Obamacare are the same parts he vetoed in Romneycare (vetoes overruled by Mass's legislature).
    Romneycare = Obamacare for all intents and purposes. Did he not sign it into law in Massachussetts?


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    This issue has been plowed more times than Paris Hilton.
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    Too bad we have to observe human rights.

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

    Quote Originally Posted by Conservative View Post
    Romney holds no public office, McCain did not vote for the Stimulus, and Bush has been out of office for over 6 years plus that fact that none of them are true conservatives. Romney beats the alternative of Obama as did Bush and McCain but the low information voters disagreed.
    Romney did hold public office when he signed it, McCain was sure in favor of the Bush stimulus, and you can't even keep your Bushes straight.

    Sure is convenient that you can just write them off as "not conservatives." I'm beginning to think the "true conservative" is as elusive as Bigfoot.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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

    Quote Originally Posted by Conservative View Post
    Your opinion noted, name for me the Conservative who voted for Obamacare, the Obama stimulus, or raising taxes on anyone?
    Well two of those are asking me to name a conservative that voted something with Obama's name on it... so no, that's not happening. And Reagan raised some taxes.

    Not sure what this has to do with anything. The point is that conservatives are just as concerned about other people and their money as anyone else. They just follow this ridiculous, unproven theory of these magical "job creators" who we all suckle off of.
    Ted Cruz is the dumbest person alive.

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

    We live on a planet with scarce resources. This is not Star Trek, we cannot just replicate everything we need. As such, it's important to realize that the wealth centralization as described in the OP is basically mass theft. It is restricting access to the world's natural resources and forcing people to go without. It is economic authoritarianism.

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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
    You want to go after true "predatory lending"? Do something about the 'pay day lenders', and the 'title loan places'.... These parasites go after the poorest of society with APR's that can top 300% annually....But I don't see anyone going after them.
    Didn't we used to have laws against usury? Whatever happened to them?

    You're right about the predatory lenders and mortgages. What happened was that houses were sold to perfectly willing buyers who couldn't afford those houses using "creative loans". Lots of buyers as well as lenders made money on the deal until the bottom fell out of the market. Rates were no higher than for any other mortgages.

    What should have happened is laws passed to ensure that buyers had enough skin in the game to lose if the houses were foreclosed, and to have a reasonable assurance that people weren't buying houses that they couldn't afford, that dreaded but necessary word: Government regulation. That didn't happen, and so the whole house of cards eventually fell.
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by mac View Post
    Most of the reduction in net worth is directly related to the increase in debt. The increase in debt is a responsibility of the person, not society. Regardless, the reduction in net worth is minimal and doesn't in and of itself illustrate a reduction in living standards. More middle class kids go to college now than they did in 1989, more middle class people buy more new cars now than they did in 1989....etc, etc.
    You asked me to defend my points and I did with links and evidence. What you've responded with is your opinion. It's not how this works.

    And you can't point to more people buying cars and going to college as a positive, and evidence of rising living standards, then condemn the debt that makes that POSSIBLE because of decades of stagnant wages. Yes, many families funded what appeared to be rising living standards by taking on more debt. That's not sustainable, which is in large measure why growth is so anemic - real, sustainable growth can ONLY come from rising wages, and we haven't had that in the broad middle for DECADES.

    What policies cause this?
    A couple are globalization made possible with "free trade" agreements, the end of tariffs, and "right to work" for less laws, and a general institutional hostility towards unions of all kinds. I could say more, but you're just going to dismiss those points out of hand so why bother.

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

    Quote Originally Posted by rocket88 View Post
    Romneycare = Obamacare for all intents and purposes. Did he not sign it into law in Massachussetts?
    No, they are not equal, first off. Secondly, he opposed parts of the law and was overruled. So, what he signed into law were the parts he agreed with. The parts he didn't...the individual mandate, most importantly, he didn't sign into law. He was overruled and they were "signed into law" by the Mass legislature.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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