iknowexactly
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Top 1% Get More Now Than in All US History
(This post was last modified: 09-11-2013 12:31 AM by iknowexactly.)
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| 09-11-2013 12:30 AM |
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Blackhawk
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RE: Top 1% Get More Now Than in All US History
"Alpha children wear grey. They work much harder than we do, because they're so frightfully clever. I'm awfully glad I'm a Beta, because I don't work so hard. And then we are much better than the Gammas and Deltas. Gammas are stupid. They all wear green, and Delta children wear khaki. Oh no, I don't want to play with Delta children. And Epsilons are still worse. They're too stupid to be able to read or write. Besides they wear black, which is such a beastly color. I'm so glad I'm a Beta."
--Aldous Huxley, Brave New World
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| 09-11-2013 12:44 AM |
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placer
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RE: Top 1% Get More Now Than in All US History
The big reason I'm not a Republican nor a Libertarian is because the right wing politicians in America are not really interested in bringing us back to the "glory days" of the 1950s and 1960s. They claim that is what they want, but the post-Regan Republican party has been chiseling away at all of the depression-era laws passed that made the boom of the 1950s and 1960s possible.
The Libertarians are flat out wrong: Free markets without government regulation will not give us a golden age with a thriving middle class. Uncontrolled free markets will give us a very few rich people and a lot of very poor people -- just as how things were in the late 1800s.
There is a lot I despise about the left wing -- they harbor and support abominations like
Adria Richards -- but I agree that taxing the 1% more and handing out the money in a way so we can have a strong middle class again (just like what we had 50 years ago) is a good idea.
Here's a PDF: http://emlab.berkeley.edu/~saez/saez-USt...s-2012.pdf
(This post was last modified: 09-12-2013 08:17 PM by placer.)
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| 09-12-2013 08:16 PM |
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Menace
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RE: Top 1% Get More Now Than in All US History
(09-12-2013 08:46 PM)Samseau Wrote: Let's be real: The only time in US history there was a large and powerful middle class was in the aftermath of WW2. We were the victors and we got all the spoils. Everyone bought from our industry and we made all the money.
That's the real story that no libertarian, democrat, or republican will talk about. Winning a war is the best way to prosperity.
And that period is the basis for the "American Dream." Everything was stacked in America's favor: massive industrial capacity, undamaged infrastructure, plentiful resources, a huge military, and being the winning side in a world-spanning war.
Now the rest of the world has caught up, but the American Dream is such a powerful idea, that no one can possibly admit it is based on a historical artifact rather than the intrinsic nature of the country or its form of government.
I sometimes wonder whether the fact that donating money is considered a form of protected speech is a problem; if campaigns were all publicly funded, would we have as much regulatory capture and lobbying by special interests?
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| 09-12-2013 09:03 PM |
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placer
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RE: Top 1% Get More Now Than in All US History
Sure, we won World War II. We also had strong unions, a higher top tax rate for the very very rich (over 90%), and strong protections from out-of-control greed (such as the Glass-Steagall act) which are not in place today.
Here's a thought: We won the war in Iraq. Where's the prosperity from winning that war?
Here's another thought: France has a lot less income inequality than the US. I don't think that's because of the spoils of all those French military victories I keep hearing about. ;>
I'm probably a 1950s Republican (faith in God, supports strong unions, supports freedom, believes marriage is the core of a strong society, believes that government can make miracles like a man on the moon happen) with some, but not all, of the more modern tolerances (I support gay rights -- actually, I support all consensual sex between adults -- as well as racial equality). I just don't get why a lot of Republicans really think breaking up unions is going to bring us back to the prosperity we had in the 50s and 60s.
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| 09-13-2013 05:45 AM |
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iknowexactly
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RE: Top 1% Get More Now Than in All US History
I t boils down to the basic existential nature of power. Power, of any kind, by its very nature tries to increase itself. This is an idea by Foucault and Nietzsche.
This is why the idea of a free market is unbelievably naive. If you're rich and own 8 of the 9 apartment buildings in town, the first thing you're going to do is buy the last one so you have total control of the market.
As power accumulates, it makes it easier and easier to get MORE power. Right when real estate prices started turning up, big companies here in Norcal started buying houses up by the HUNDREDS.
They're going to rent them out ( further moving money from working to owner class) then when things start to peak again they'll sell them and make a killing.
You working in the meantime? Too bad, sucker-- your money goes to them unless you live in your RV getting rousted by the cops. Oh, you HAVE TO pay them rent, legally. Free market, the idea is laughable. Just to exist and take a shit you have to pay the landowners of the world.
(This post was last modified: 09-13-2013 05:58 AM by iknowexactly.)
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| 09-13-2013 05:57 AM |
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It_is_my_time
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RE: Top 1% Get More Now Than in All US History
(09-13-2013 05:45 AM)placer Wrote: Sure, we won World War II. We also had strong unions, a higher top tax rate for the very very rich (over 90%), and strong protections from out-of-control greed (such as the Glass-Steagall act) which are not in place today.
Here's a thought: We won the war in Iraq. Where's the prosperity from winning that war?
Here's another thought: France has a lot less income inequality than the US. I don't think that's because of the spoils of all those French military victories I keep hearing about. ;>
I'm probably a 1950s Republican (faith in God, supports strong unions, supports freedom, believes marriage is the core of a strong society, believes that government can make miracles like a man on the moon happen) with some, but not all, of the more modern tolerances (I support gay rights -- actually, I support all consensual sex between adults -- as well as racial equality). I just don't get why a lot of Republicans really think breaking up unions is going to bring us back to the prosperity we had in the 50s and 60s.
Because Unions prevent competition, aka the open market, and end up either running businesses into the ground (so not only are the union employees hurt, but so are the non-union employees) or end up needing govt. money (aka YOUR money, MY money, OUR money) so they can get paid 150% more than they are worth on the open market.
It isn't sustainable in today's global economy. It isn't the 1950's anymore.
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| 09-13-2013 07:24 AM |
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It_is_my_time
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RE: Top 1% Get More Now Than in All US History
(09-13-2013 05:57 AM)iknowexactly Wrote: I t boils down to the basic existential nature of power. Power, of any kind, by its very nature tries to increase itself. This is an idea by Foucault and Nietzsche.
This is why the idea of a free market is unbelievably naive. If you're rich and own 8 of the 9 apartment buildings in town, the first thing you're going to do is buy the last one so you have total control of the market.
As power accumulates, it makes it easier and easier to get MORE power. Right when real estate prices started turning up, big companies here in Norcal started buying houses up by the HUNDREDS.
They're going to rent them out ( further moving money from working to owner class) then when things start to peak again they'll sell them and make a killing.
You working in the meantime? Too bad, sucker-- your money goes to them unless you live in your RV getting rousted by the cops. Oh, you HAVE TO pay them rent, legally. Free market, the idea is laughable. Just to exist and take a shit you have to pay the landowners of the world.
Move and start your own company then. Except with the burdensome federal govt. and their regulations it is nearly impossible to do today. Thanks Obamacare.
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| 09-13-2013 07:26 AM |
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Samseau
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RE: Top 1% Get More Now Than in All US History
(09-13-2013 05:45 AM)placer Wrote: Sure, we won World War II. We also had strong unions, a higher top tax rate for the very very rich (over 90%), and strong protections from out-of-control greed (such as the Glass-Steagall act) which are not in place today.
How do you know these things weren't harmful, and yet America became rich in SPITE of these laws?
Quote:Here's a thought: We won the war in Iraq. Where's the prosperity from winning that war?
Iraq was nothing compared to WW2. WW2 left America as the world's sole industrial superpower.
Quote:Here's another thought: France has a lot less income inequality than the US. I don't think that's because of the spoils of all those French military victories I keep hearing about. ;>
France taxes the shit out of their rich so much, the rich just leave the country. That's why there's income equality - rich people don't stay thus keeping everyone poor as fuck.
Having been to France, I can't imagine anyone preferring France to America. France is fucked and it is obvious.
Quote:I'm probably a 1950s Republican (faith in God, supports strong unions, supports freedom, believes marriage is the core of a strong society, believes that government can make miracles like a man on the moon happen) with some, but not all, of the more modern tolerances (I support gay rights -- actually, I support all consensual sex between adults -- as well as racial equality). I just don't get why a lot of Republicans really think breaking up unions is going to bring us back to the prosperity we had in the 50s and 60s.
Unions are not some kind of equivocal good that leads to prosperity. It keeps wages artificially high at the expense of the consumer. I do not think unions have ever helped anyone, even back in the days of rampant exploitation by families like the Rockefellers.
Almost always, there is some kind of massive abuse of the law that allows people to get super rich. But instead of fixing that law, people would rather make their own set of special laws so they can compete.
Contributor at Return of Kings. I got banned from twatter, which is run by little bitches and weaklings. You can follow me on Gab.
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| 09-13-2013 12:42 PM |
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Quintus Curtius
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RE: Top 1% Get More Now Than in All US History
For a long time now, we've had a government of the super-rich that's existed to further their interests at the expense of the country's interests. To some extent it's always been that way, but over the past 30 years the gross inequalities in power and wealth have become so great that it's threatening the foundations of social justice and constitutional government.
It may already be too late.
One of the laws of history is that wealth and power tend, over time, to get concentrated in the hands of the few. Any government that cares about social justice and stability can't let the system become so unbalanced, or else real civil disorder will eventually happen. We're at that critical danger point now. People are getting crushed out there. There's a lot of increasing desperation and it's obvious that our "leaders" care only about lining their own pockets and protecting the interests of the rich and powerful.
It takes real political courage to stand up to the interests of wealth and power. It happens rarely in history.
In ancient Athens, Solon was able to restructure society in order to provide some relief to debtors, the underclass, and the poor. By so doing, he was able to avert a revolution and perhaps years of civil war. FDR did the same thing in the US during the Depression.
The brothers Tiberius and Gaius Gracchus tried to institute reforms in Rome and had just the opposite result: the powerful resisted reform, and the result was years of chaos and war.
So, the choice is ours. Either the leadership is going to try to solve problems, or they will not. Any society that lacks at least some compassion for the unfortunate, the downtrodden, and the dispossessed is hardly worthy of the name.
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| 09-13-2013 03:32 PM |
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