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

You were the one who used an example of a guy with an 85 IQ and an 8th grade education, not me.



Of course, but it's a very deliberate policy choice to pit a U.S. worker in a U.S. plant with minimal safety and environmental rules against a plant in China that is allowed to dump waste untreated into the nearest waterway, and to use electricity fired by coal plants that cause the pollution you see in any picture of modern day China. That is our country setting the rules of the game.

Obviously, it's the job of companies to use the rules to their advantage. But there is no inherent requirement that we set the rules so U.S. manufacturing will lose. For 200 years, we had a policy of rigging the rules in favor of our citizens. Seems reasonable to me! Our job as a country isn't to maximize ROI for GE



That horse has left the barn, but at this point I'm for subsidies of U.S. manufacturing, tax breaks, and perhaps more. Not because I think that's how it should be done, but when we "compete" with subsidized production overseas, we either lose or match their subsidies - seems to me. I'd rather work it the other way with the tariffs we thought were normal for 200 years, but there seems little likelihood of that in this environment. Saying the word is almost heresy - brands one a kook.

But what I don't quite understand is we have a global economy that predictably caused decades of income stagnation for the vast majority of U.S. workers, and has GLOBALLY resulted in an incredible concentration of wealth in the hands of a very, very, very few. It's in the data and the causes are clear enough. But you're insulting the predictable losers of that rigged game by calling them "parasites" and then whining when those who were guaranteed to lose and DID, have the temerity to fight for some small measure of their losses to be restored.

you can whine all you want but wages are buying the commodity of labor. why pay more when you don't have to or you aren't getting any better quality/ with more an more people, the supply of labor has increased meaning the COST should go down
 
its easy for the failures to justify others not failing by pretending its inheritance

the country is littered with athletes, entertainers and heirs who got big bucks as 20-30 year olds and are bankrupt at 40

ever heard of MC Hammer? Aaron Pryor?
I understand, you need a distraction away from your personal anecdotes now.

Cheers.
 
its easy for the failures to justify others not failing by pretending its inheritance

the country is littered with athletes, entertainers and heirs who got big bucks as 20-30 year olds and are bankrupt at 40

ever heard of MC Hammer? Aaron Pryor?

Why yes. That would be the same MCHammer who got slapped with the backtax bill of the tune of about $1.5M this past year. Probably welfare check overpayments :lol:
 
I understand, you need a distraction away from your personal anecdotes now.

Cheers.

I get it-you started with personal comments and don't like it when your argument is shown to be moronic
 
Why yes. That would be the same MCHammer who got slapped with the backtax bill of the tune of about $1.5M this past year. Probably welfare check overpayments :lol:

yeah, the guy who made an ad lampooning his bankruptcy
 
you can whine all you want but wages are buying the commodity of labor. why pay more when you don't have to or you aren't getting any better quality/ with more an more people, the supply of labor has increased meaning the COST should go down

You ignored the entire previous comment, so I think this is a good time to bow out for the night.
 
I get it-you started with personal comments and don't like it when your argument is shown to be moronic
On the contrary, I started with logic (finite wealth) and fact (US wages), you turned it into personal comments about my supposed lack of success.....and went tumbling down into your swamp......when you suddenly went all sports and entertainment (!?!).

Cheers!
 
On the contrary, I started with logic (finite wealth) and fact (US wages), you turned it into personal comments about my supposed lack of success.....and went tumbling down into your swamp......when you suddenly went all sports and entertainment (!?!).

Cheers!

there is no logic in claims of finite wealth at the present time.
 
Um, an infinite amount has not existed.



I never said they could.

doesn't have to exist the fact is the fed can add more money into the economy as needed. if it wasn't the case then there is no way that the US would be able to uphold it's multi trillion dollar economy if everything was a fixed amount as you people claim.

all the resources would have been eaten up long ago.

it is being implied that unless something is done the 1% will own everything. that is simply not possible based on how our and other nations economies are setup.
it is nothing more than a meme argument and class warefare.

OMG those 1% people will own everything if we don't do something about it soon. they will just eat up the entire money supply and no one else will have anything.
it is a load of BS and always has been.
 
What do you think? The middle class is disappearing. At one time increases in productivity equated to wage increases.
https://fortune.com/2015/01/19/the-1-will-own-more-than-the-99-by-2016-report-says/
The richest 1% of the population will own more than half of the world’s wealth by next year as inequality continues its relentless rise across the globe, a new report out Monday says.

The report, by the U.K.-based charity Oxfam, shows that the top 1% have grown their share of global wealth constantly since 2010. After dipping at 44% in the wake of the 2008 financial crisis, it rose to 48% by the end of last year and is poised to top 50% by the end of next year.

That's what happens when we have so much free trade across the globe. Between corporate tax rates, legal requirements, insurance requirements, wage requirements, etc...

The US manufacturing sector, which was the bulk of the middle-class is going extinct. We need to bring back tariffs and return manufacturing here.

You can all thank president Clinton and the republican congress he had for this.
 
What do you think? The middle class is disappearing. At one time increases in productivity equated to wage increases.
https://fortune.com/2015/01/19/the-1-will-own-more-than-the-99-by-2016-report-says/
The richest 1% of the population will own more than half of the world’s wealth by next year as inequality continues its relentless rise across the globe, a new report out Monday says.

The report, by the U.K.-based charity Oxfam, shows that the top 1% have grown their share of global wealth constantly since 2010. After dipping at 44% in the wake of the 2008 financial crisis, it rose to 48% by the end of last year and is poised to top 50% by the end of next year.


OK, thought experiment time. If we took everything away from the 1% and gave it to the bottom 50% what would happen?
 
Progressive policies ALWAYS lead to more disparity.

Its not surprising
So does greed at from any political side, but yes, it is mostly progressive reasons to cause the problems we see.
 
you pretend the pie cannot get bigger
Sure it can...but not when time is stopped.....when one is counting total wealth....a finite amount. You said "at present time"....a single point in time....remember? Or was that to long ago to remember?
 
OK, too many posts already.

I responded to the first few, and didn't read the hundreds in between.

I have a question. Why do people pose this as if the 1%'ers are the problem? This in my opinion is a very ignorant way to view things.

People who squander they money will remain at the bottom no matter their income, unless they have a very large inheritance.

Anyone can become a 1%'er with time, determination, and yes, a little luck.

Luck runs both ways, and some people keep getting kicked down, but in general... It is the individual that makes their own future.
 
Sure it can...but not when time is stopped.....when one is counting total wealth....a finite amount. You said "at present time"....a single point in time....remember? Or was that to long ago to remember?

but we are talking about "solutions" for not one slice of the wheel of time but for its constant rotation forward
 
if everything was a fixed amount as you people claim.
Geez, you people can't hold anything still, there either is or is not at any single point in time a finite amount of captured wealth on this planet.

So which is it?
 
but we are talking about "solutions" for not one slice of the wheel of time but for its constant rotation forward
For a solution to work with a moving target, you first have to hold a target steady. You still can't even accept that when you hold time still, a finite amount exists.
 
For a solution to work with a moving target, you first have to hold a target steady. You still can't even accept that when you hold time still, a finite amount exists.
uh that fails
 
Geez, you people can't hold anything still, there either is or is not at any single point in time a finite amount of captured wealth on this planet.

So which is it?
the economy doesn't stand still for one thing. it is constantly flowing in either direction.
sure you can try and take a snapshot but it is already out of date by the time you try and process it.

why can't you actually understand what you are saying and listen to why it is wrong? that would be the better question.
the fact is while you can go here there is X money right there.

good for you what you leave out is that the fed and put Y money into the system thereby increasing how much is there.
they can do this at any point in time to maintain the level of money needed to make the system work.

that is their job and what they do.

it isn't that hard to understand except for you guys I guess.
 
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