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Thread: Rich-Poor gap widening

  1. #61
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    Re: Rich-Poor gap widening

    Quote Originally Posted by liblady View Post
    people also grew their own food in the 1800's, pissed outside and lived in homes built by their own hands. tell me how that's remotely possible today.
    It's very possible, today.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Rich-Poor gap widening

    Quote Originally Posted by apdst View Post
    Obama didn't work hard to get to where he's at?
    may have not worked harder, perhaps he worked smarter

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    Re: Rich-Poor gap widening

    Quote Originally Posted by liblady View Post
    people also grew their own food in the 1800's, pissed outside and lived in homes built by their own hands. tell me how that's remotely possible today.
    What does it matter?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Rich-Poor gap widening

    Quote Originally Posted by SE102 View Post
    ...Why is that important?
    I'm pointing out that wage controls and social safety nets are not necessary.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  5. #65
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    Re: Rich-Poor gap widening

    OP, you fail to provide a solution to the problem, let me guess more unions in America?
    "It is a sad day in society when people adjust the facts to fit their beliefs, rather than adjust their beliefs to fit the facts."
    Libertarian/Conservative/Christian Beliefs

  6. #66
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    Re: Rich-Poor gap widening

    Quote Originally Posted by Boo Radley View Post
    I'm not sure we want to return to that world. And I doubt we could if we wanted to.
    I'm only talking about the rules of that time, not the prosperity of that time. Obviously we are much better off now, but rules did not make us that way. If that was true then the Romans would have been as prosperous as we are now.

    More yes, and I'm not sure it was better. Read Workers on the Edge. We almost went socalist because conditions were so bad. And if you want to torture yourself, read progress and poverty. Largely the freemarket, with no regulations, poses problems. That's why we have very little of that left in the world today.

    The trick, if there is one, is finding balance.
    Conditions were so bad? We were growing at a tremendous pace and again there is no evidence of mass starvation. Private charity worked. The business cycle back then and other problems were not caused by the free market. Look at state banks which caused the business cycle and other interventions that caused problems even back then.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Rich-Poor gap widening

    Quote Originally Posted by phattonez View Post
    I'm pointing out that wage controls and social safety nets are not necessary.
    Remember the great depression? I believe baptist ministers begged for government help because they couldn't handle the charity load. However, even without that great crisis, it really is better to be poor today then it was then. That's improvement.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Rich-Poor gap widening

    Quote Originally Posted by Boo Radley View Post
    Remember the great depression? I believe baptist ministers begged for government help because they couldn't handle the charity load. However, even without that great crisis, it really is better to be poor today then it was then. That's improvement.
    Improvement because of economic growth not because of new rules and regulations!

    Also, remember who brought on the great depression: the central bank, not the free market. And it lasted so long because of government interventions.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Rich-Poor gap widening

    Quote Originally Posted by phattonez View Post
    I'm only talking about the rules of that time, not the prosperity of that time. Obviously we are much better off now, but rules did not make us that way. If that was true then the Romans would have been as prosperous as we are now.
    I think the rules are part of the better prosperity.

    Conditions were so bad? We were growing at a tremendous pace and again there is no evidence of mass starvation. Private charity worked. The business cycle back then and other problems were not caused by the free market. Look at state banks which caused the business cycle and other interventions that caused problems even back then.
    Mass starvation is a high hurdle, but there was evidence of some rough to bad conditions. It wasn't better than today.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Rich-Poor gap widening

    Quote Originally Posted by apdst View Post
    "improper", "too much", six of one, half dozen of another.
    I think there is an important difference though. It is entirely possible (likely given the innate behavior of government) to have too much regulation. In which it becomes necessary if one wants to restore free market capitalism, to decrease government's involvement in the market place. Improper doesn't necessarily say too much, it says that there could be the proper amount of government, but government is doing it wrong; regulating where it shouldn't and not regulating where it should.

    It's like the drill ban. The oversight committee for this was basically being bought off by the big oil companies (how the hell do I get that job!?). There were a lot of hookers and cocaine, it was like an 80's party. Had the proper regulation been in place and done it's job well, it is likely that there wouldn't have been the disaster and we could have avoided an outright drilling ban. But government got it completely backwards; while it had a "regulatory" process, it did not work because...well it's government and we need to really watch it. And then because of it, the system broke and government once again acted improperly.

    Proper oversight and regulation can help aleviate a lot of these problems.
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