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Thread: Over 90% of the income gains in the first year of the recovery went to the top 1%

  1. #231
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by VanceMack View Post
    Then you really SHOULD get out of the house more. Go check out your nearest behavioral health units, emergency rooms, Domestic Violence shelters and treatment centers. Amazing how many people with no income for several years are still pack a day smokers and manage to access alcohol and illegal drugs. Check out stats on reservations. Comorbid diagnosis of mental D/O, DV, SA, all relatively common in low income communities, regardless of country of study. Of course...this just all feeds your argument that the rich are stealing from the poor...
    Tobacco smoking, alcohol, cannabis and polysubstance use are common behaviors among young adults, particularly those experiencing socioeconomic disadvantage. Interventions aiming to decrease substance abuse and reduce socioeconomic inequalities in this area should be implemented early in life.

    http://www.ok.gov/odmhsas/documents/...20-%20PIRE.pdf
    Alcohol and Drug Problems - Topic Overview - Addiction | Alcoholism | Drugs - MSN Health
    http://www.marshall.edu/jrcp/Maring%20and%20Braun.pdf
    Neighborhood Income and Income Distribution and the Use of Cigarettes, Alcohol, and Marijuana
    ScienceDirect.com - Drug and Alcohol Dependence - Tobacco, alcohol, cannabis and other illegal drug use among young adults: The socioeconomic context
    If somebody stole all my money I'd take what I had left and buy smokes, drinks and cannabis.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by grip View Post
    If somebody stole all my money I'd take what I had left and buy smokes, drinks and cannabis.
    Well sure...since that IS after all what is happening.

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by VanceMack View Post
    Well sure...since that IS after all what is happening.
    The ultra rich who run industries and rely on consumption realize that if they absorb an excess of the funds, that the profit machine (consumer and business sales) will stop.
    If they let sheer greed allow them to keep taking beyond what is healthy for the economy it will cost them more in the medium term. So it's actually a self balancing model though there will be offsets here and there.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by grip View Post
    The ultra rich who run industries and rely on consumption realize that if they absorb an excess of the funds, that the profit machine (consumer and business sales) will stop.
    If they let sheer greed allow them to keep taking beyond what is healthy for the economy it will cost them more in the medium term. So it's actually a self balancing model though there will be offsets here and there.
    Omigish...the ultrarich are targeting the poor...stealing their pennies? You have GOT to be kidding...right? See...I was being sarcastic a few posts ago...and I know sometimes sarcasm doesnt translate well. Please tell me you are joking and we can have a good laugh at your comments and move forward. Please. Cuz if not...well...there will still be LOTS of laughter...just..not at your comments...

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by JP Hochbaum View Post
    You make it seem like there is choice.
    There is a choice.

  6. #236
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by VanceMack View Post
    Then you really SHOULD get out of the house more. Go check out your nearest behavioral health units, emergency rooms, Domestic Violence shelters and treatment centers. Amazing how many people with no income for several years are still pack a day smokers and manage to access alcohol and illegal drugs. Check out stats on reservations. Comorbid diagnosis of mental D/O, DV, SA, all relatively common in low income communities, regardless of country of study. Of course...this just all feeds your argument that the rich are stealing from the poor...
    "Tobacco smoking, alcohol, cannabis and polysubstance use are common behaviors among young adults, particularly those experiencing socioeconomic disadvantage. Interventions aiming to decrease substance abuse and reduce socioeconomic inequalities in this area should be implemented early in life."

    http://www.ok.gov/odmhsas/documents/...20-%20PIRE.pdf
    Alcohol and Drug Problems - Topic Overview - Addiction | Alcoholism | Drugs - MSN Health
    http://www.marshall.edu/jrcp/Maring%20and%20Braun.pdf
    Neighborhood Income and Income Distribution and the Use of Cigarettes, Alcohol, and Marijuana
    ScienceDirect.com - Drug and Alcohol Dependence - Tobacco, alcohol, cannabis and other illegal drug use among young adults: The socioeconomic context
    You are using the wrong correlation. IT isn't booze and cigs that make people poor, or booze and cigs that keep them there. As you can see from the first link CP posted it showed that at increasing level of incomes people drink more.

    Its an argument with no statistical evidence in your favor. Try again.
    My blog, where I talk latest news on economics and some other issues.

    http://hereticaldruthers.wordpress.com/

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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by JP Hochbaum View Post
    You are using the wrong correlation. IT isn't booze and cigs that make people poor, or booze and cigs that keep them there. As you can see from the first link CP posted it showed that at increasing level of incomes people drink more.

    Its an argument with no statistical evidence in your favor. Try again.
    DO 'the poor' spend their money on such things and can they afford to? No one said that is what CAUSED their failure. Usually that is attributed to mother and father and a dismal level of preparation for a future. NOT rich people stealing their sheckels.

  8. #238
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by VanceMack View Post
    DO 'the poor' spend their money on such things and can they afford to? No one said that is what CAUSED their failure. Usually that is attributed to mother and father and a dismal level of preparation for a future. NOT rich people stealing their sheckels.
    I was simply responding to you saying that they should stop smoking and drinking your own link showed that isn't what makes them poor.

    From your link:

    "By far, most of the alcohol is bought by people in the upper-income brackets. People in the bottom quintile consume only about eight percent of alcoholic beverages.

    Alcohol purchases among those consumers in the lowest income quintile are highly concentrated in a relatively small percentage of families."

    http://www.cspinet.org/booze/taxguide/lowerincome.pdf
    My blog, where I talk latest news on economics and some other issues.

    http://hereticaldruthers.wordpress.com/

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    Quote Originally Posted by JP Hochbaum View Post
    I was simply responding to you saying that they should stop smoking and drinking your own link showed that isn't what makes them poor.

    From your link:

    "By far, most of the alcohol is bought by people in the upper-income brackets. People in the bottom quintile consume only about eight percent of alcoholic beverages.

    Alcohol purchases among those consumers in the lowest income quintile are highly concentrated in a relatively small percentage of families."

    http://www.cspinet.org/booze/taxguide/lowerincome.pdf
    Nowhere did I SAY that is what 'made them poor'. And by your continued dodge you fully accept that in fact they DO spend resources they don't have on such things. So...the rich didn't rob them, no one else created their situation, and they are digging their own holes deeper. Looky there...common ground.

  10. #240
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    Re: Over 90% of the income gains in the first year of the recovery went to the top 1%

    Quote Originally Posted by VanceMack View Post
    Nowhere did I SAY that is what 'made them poor'. And by your continued dodge you fully accept that in fact they DO spend resources they don't have on such things. So...the rich didn't rob them, no one else created their situation, and they are digging their own holes deeper. Looky there...common ground.
    I never said the rich robbed them, and I would disagree that their situations aren't "Created" by someone else, and having a few drinks for living a life where you have to work or have no leisure is completely acceptable. **** if I was poor I would probably drink a bit more.
    My blog, where I talk latest news on economics and some other issues.

    http://hereticaldruthers.wordpress.com/

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