Criticism of billionairism

[marke]

Destroyed? Russia was pretty crappy before Communists came around.

I'm as anti-Communist as anyone, but let's be historically factual.

Dr. Zhivago's family, as a fictional representative of millions of Russian families in reality, got along well and helped all sorts of people before the atheist Bolsheviks and their brutal gangs of highway robbing thugs seized control.

 

[JohnfrmClevelan]

There is a one semester course called "Macroeconomics". I recommend it for your further education.

If you can't come up with a correlation, just say so.

Also, stop making unfounded claims about what causes inflation.

You might want to take a class or two yourself, btw. Maybe they will teach you how to correctly respond to a direct question.

 

[smallvoice]

I get it.

Nuance isn't a conservative thing. Nor is any idea they don't find on their chosen media.

I was just unaware your distinct recent history stretched back 12,000 years.

Oh, I got your nuanced position, it's just that the real strength of Capitalism is in how it values initiative, which gives EVERYONE the means to succeed. From your comment, it's clear your chosen media has focussed you only on the minor negative side of unrestrained success of the capitalist system: some people are too good at it. Why is it that those that complain about "income inequality" are usually those that haven't succeeded. There is still hope, but you have to keep at it.

 

[marke]

Why would you expect incomes for doing the same job to increase by more than inflation? I assume you also understand that many of the folks on the red line in 1979 moved up to the blue line by 2013 (likely much sooner).

You assume the government regulates wealth distribution in America. The government does not create wealth nor can it regulate wealth so that the poor can be made richer by government interference in the economy. Government giveaways are hugely expensive and do nothing whatsoever in remedying the problem of poverty in any civilization.

 

[smallvoice]

If you can't come up with a correlation, just say so.

Also, stop making unfounded claims about what causes inflation.

You might want to take a class or two yourself, btw. Maybe they will teach you how to correctly respond to a direct question.

Or then, it might be that I don't care about your topic. And for your edification, the one thing that causes most inflation is an unfettered money supply, usually caused by government printing money willy-nilly.

 

[JohnfrmClevelan]

Or then, it might be that I don't care about your topic. And for your edification, the one thing that causes most inflation is an unfettered money supply, usually caused by government printing money willy-nilly.

So it should be no problem for you to find a correlation between any measure of the money supply and CPI. Or maybe you aren't up to such a Herculean task.

If you don't care about the topic, then don't litter the thread with your useless posts.

 

[phattonez]

Dr. Zhivago's family, as a fictional representative of millions of Russian families in reality, got along well and helped all sorts of people before the atheist Bolsheviks and their brutal gangs of highway robbing thugs seized control.

I'm not going to say that Communist society worked better. I'm just saying that economically it was a basket case.

Sent from my phone. Instaurare omnia in Christo.

 

[phattonez]

Why? You want the rich getting poorer while the poor are getting poorer? That is the only thing a government can to to change the economy. It cannot make the poor get richer any more than it can make the rich get richer.

What an utterly unsubstantiated claim.

How does the government of Haiti help everyone get richer? By printing more of its own money? How does the US make everyone get richer? By taking more away from the rich? By making politicians richer? By doing Vietnam veteran Indian prosperity dances?

The government of Haiti helps everyone get richer by getting tough on crime, investing in education, and creating the stability necessary for business to thrive.

Sent from my phone. Instaurare omnia in Christo.

 

[phattonez]

According to the Bureau of Labor Statistics, the average household earned $1,518 in 1918 which would be $25,243.74 in 2018 dollars.
In 1918 my Grandfather earned $9 a week working as a mechanic for Western Auto, that would be $149.67 or $3.74/hr in 2018 dollars and ignore the fact that he worked more than a 40 hour week for a $9 wage.

No one is disputing that we're wealthier than in 1918. We're poorer than we were in the 70s.

We're obviously richer than in the Middle Ages. Therefore everything is awesome!

More what?

Money.

Then you agree it doesn't matter who the debt is owed to, only that you owe a debt?

If you own a printing press then debt doesn't matter.

Sent from my phone. Instaurare omnia in Christo.

 

[tosca1]

They left because we started allowing other countries to dump their products here.

And we find out.......that's not a good incentive, is it?

Mind you, some left because of low wages in other countries (and maybe laizzes faire system from those government).

Canada is the opposite to having laissez faire system.
Our Liberal government just love to strangle big businesses.

 

[tosca1]

The government of Haiti helps everyone get richer by getting tough on crime, investing in education, and creating the stability necessary for business to thrive.

That sounds like the propaganda of Haiti's Tourism department. :lol:

Political instability continued in 2018 to hinder the Haitian government’s ability to meet the basic needs of its people, resolve long-standing human rights problems, or address humanitarian crises.

In July 2018, the government’s announcement that it would eliminate subsidies, allowing fuel prices to increase by up to 50 percent, led to widespread protests and the worst civil unrest the country has seen in years. A resurgence of gang violence has led to further instability. The National Human Rights Defense Network (RNDDH) researched a November 13 incident in La Saline in which it alleges at least 59 people were killed and called for an official investigation, including into the alleged involvement of members of the Haitian National Police and other officials.

Illiteracy is a major problem in Haiti. According to the UN Development Programme (UNDP), approximately one-half of all Haitians age 15 and older are illiterate. The quality of education is generally low, and 85 percent of schools are run by private entities that charge school fees that can be prohibitively expensive for low income families. At least 350,000 children and youth remain out of primary and secondary school throughout the country.

https://www.hrw.org/world-report/2019/country-chapters/haiti

Investment in Haiti is hampered by the difficulty of doing business and weak infrastructure, including access to electricity.

Haiti's outstanding external debt was cancelled by donor countries following the 2010 earthquake, but has since risen to $2.6 billion as of December 2017, the majority of which is owed to Venezuela under the PetroCaribe program.
Although the government has increased its revenue collection, it continues to rely on formal international economic assistance for fiscal sustainability, with over 20% of its annual budget coming from foreign aid or direct budget support.

https://www.indexmundi.com/haiti/economy_profile.html

 

[itsforthekids]

Millionaires slinging arrows at billionaires. Hilarious!

 

[marke]

What an utterly unsubstantiated claim.





The government of Haiti helps everyone get richer by getting tough on crime, investing in education, and creating the stability necessary for business to thrive.

Sent from my phone. Instaurare omnia in Christo.

And yet, unlike comrade KKKamala Harris and fellow socialist democrats, the Haiti government does not have the loose cash to throw at poor people everywhere in failed efforts to turn them into prosperous citizens.

 

[MTAtech]

When the Fed buys assets, are we really left with the same amount of dollars? No.



Absolutely agreed. But you know what else can be done? Just printing the money directly and doing away with interest on government debt altogether.

Psst, that's called "inflation".

Ah, the idea that increasing the money supply causes inflation. Except that's not what we witness in reality. As the graph below shows, inflation rose about 17% over the ten year period (right axis), while the money supply tripled (lwft axis).

 

[MTAtech]

Let's throw some facts out about Haiti, from the CIA Factbook.

Literacy:
definition: age 15 and over can read and write (2015 est.)
total population: 60.7% (2015 est.)
male: 64.3% (2015 est.)
female: 57.3% (2015 est.)

Life expectancy at birth:
total population: 64.6 years (2018 est.)
male: 61.9 years (2018 est.)
female: 67.2 years (2018 est.)
country comparison to the world: 186

GDP - per capita (PPP):
$1,800 (2017 est.)
$1,800 (2016 est.)
$1,800 (2015 est.)
note: data are in 2017 dollars

country comparison to the world: 213

 

[smallvoice]

So it should be no problem for you to find a correlation between any measure of the money supply and CPI. Or maybe you aren't up to such a Herculean task.

If you don't care about the topic, then don't litter the thread with your useless posts.

Oh, I care about the OP, just not the useless rabbit hole you want to take it.

 

[Individual]

No one is disputing that we're wealthier than in 1918. We're poorer than we were in the 70s.

We're obviously richer than in the Middle Ages. Therefore everything is awesome!

I'm not, nor are most everyone, if not all, that I know who struggled and lived during the 1970's.

Money.

And Americans still make more money than those Chinese today, who are both willing and able to produce many of the products Americans used to produce.
"But worker wages aren't going down, they have increased to the point we are becoming less able to compete with other countries."

If you own a printing press then debt doesn't matter.

Sent from my phone. Instaurare omnia in Christo.

This is becoming rather childish. Debt doesn't matter when you can make it the responsibility of another, regardless of who is printing the money.

 

[phattonez]

And yet, unlike comrade KKKamala Harris and fellow socialist democrats, the Haiti government does not have the loose cash to throw at poor people everywhere in failed efforts to turn them into prosperous citizens.

Stability precedes prosperity. The US was a peaceful nation before it was a prosperous one. Look at Africa. High crime, political turmoil, terrible business climate. There's a reason why, despite the exploitation of colonialism, Africa was far more prosperous as a European colony.

Sent from my phone. Instaurare omnia in Christo.

 

[Bullseye]

You assume the government regulates wealth distribution in America.

NO, I don't. Far from it.

The government does not create wealth nor can it regulate wealth so that the poor can be made richer by government interference in the economy. Government giveaways are hugely expensive and do nothing whatsoever in remedying the problem of poverty in any civilization.

How did you come up with this total misread of my post?

 

[Bullseye]

Stability precedes prosperity. The US was a peaceful nation before it was a prosperous one. Look at Africa. High crime, political turmoil, terrible business climate. There's a reason why, despite the exploitation of colonialism, Africa was far more prosperous as a European colony.

Sent from my phone. Instaurare omnia in Christo.

At the cost of subjugation and brutalizing the native populations.

 

[phattonez]

At the cost of subjugation and brutalizing the native populations.

I'm just making the point that stability is more valuable than people realize.

Sent from my phone. Instaurare omnia in Christo.

 

[phattonez]

That sounds like the propaganda of Haiti's Tourism department. [emoji38]



https://www.hrw.org/world-report/2019/country-chapters/haiti



https://www.indexmundi.com/haiti/economy_profile.html

I'm not saying it as if it's something they currently do. It was a prescription, not a description. Haiti is obviously a dump.

Sent from my phone. Instaurare omnia in Christo.

 

[phattonez]

And we find out.......that's not a good incentive, is it?

Mind you, some left because of low wages in other countries (and maybe laizzes faire system from those government).

Canada is the opposite to having laissez faire system.
Our Liberal government just love to strangle big businesses.

We have a highly educated, highly skilled workforce. If we didn't allow other countries to dump their products here we'd still be wealthy and we'd have higher wages.

Sent from my phone. Instaurare omnia in Christo.

 

[phattonez]

I'm not, nor are most everyone, if not all, that I know who struggled and lived during the 1970's.



And Americans still make more money than those Chinese today, who are both willing and able to produce many of the products Americans used to produce.
"But worker wages aren't going down, they have increased to the point we are becoming less able to compete with other countries."

I don't know how often I can make this point. Wages aren't rising and they're lower than they were in the 70s.

This is becoming rather childish. Debt doesn't matter when you can make it the responsibility of another, regardless of who is printing the money.

It does matter. The maintenance on the debt is a real expense, and it's entirely pointless. We don't need to be paying it.

Sent from my phone. Instaurare omnia in Christo.

 

[phattonez]

So it should be no problem for you to find a correlation between any measure of the money supply and CPI. Or maybe you aren't up to such a Herculean task.

If you don't care about the topic, then don't litter the thread with your useless posts.

There's no short term correlation, but over long time periods there certainly is.

Short term fluctuations are dictated more by demand, and that can be seen in the dollar index.

Sent from my phone. Instaurare omnia in Christo.