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re: Nice opinion piece on income inequality from CNN
Posted on 4/10/14 at 1:35 pm to Vols&Shaft83
Posted on 4/10/14 at 1:35 pm to Vols&Shaft83
quote:
I'd hope to raise kids better than that, and recreate myself in them and with their advantages they turn my family into American royalty
I have a lot of respect for the Taylor family of Enterprise Rent-A-Car. They've pledged to keep the company family owned and the third generation is now taking over. The youngest kids also had to start in the local branches.
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Posted on 4/10/14 at 1:36 pm to MIZ_COU
quote:
but at the same time you can't not notice that financial industry skims billions and then buys congressmen to make sure they can skim more and get bailouts,
Of course I notice it, but as I said before, the corporatism discussion is another bag of cats. Not just the financial industry btw.
quote:
CEO's that get 8 figure parachutes while their companies tank.
I don't give a frick what anybody else gets, how does their golden parachute affect your ability to build wealth?
Posted on 4/10/14 at 1:37 pm to Vols&Shaft83
because what they earn has no relation to what they produce numbnuts
Posted on 4/10/14 at 1:40 pm to MIZ_COU
quote:
because what they earn has no relation to what they produce numbnuts
still doesn't directly affect you and your ability to produce. Unless you are an investor in that company or in some other way directly involved it shouldn't matter.
Posted on 4/10/14 at 1:41 pm to MIZ_COU
quote:
because what they earn has no relation to what they produce numbnuts
First of all, that's a pretty inaccurate statement. But secondly, I asked how their golden parachutes affect your ability to build wealth?
Posted on 4/10/14 at 1:44 pm to MIZ_COU
Class warfare is the tools of those who wish to put their heels on your neck. Nobody is owed anything, especially the fruits of someone elses labor. If you believe it to be so, then start a PAC, demanding lower ticket prices to NFL and NBA games, and demanding a portion of their salaries go to social programs that help the poor.
There is nothing in this society, except Gov't, that holds people back from being successful. Not lack of education. Not racial hurdles. Nothing. Except laziness, and the feeling of entitlements. That's one of the reasons there is a growing divide in the wealthy and poor, if not the largest reason. Nobody wants to work to accomplish the success others have. They have it ingrained that it's owed to them. And who is responsible for this? 2 groups. The lazy, lack of common sense citizens, and the politicians who wish to keep people poor, under gov't control with subsidies and entitlements. If you'd like to blame anyone, blame those two groups.
There is nothing in this society, except Gov't, that holds people back from being successful. Not lack of education. Not racial hurdles. Nothing. Except laziness, and the feeling of entitlements. That's one of the reasons there is a growing divide in the wealthy and poor, if not the largest reason. Nobody wants to work to accomplish the success others have. They have it ingrained that it's owed to them. And who is responsible for this? 2 groups. The lazy, lack of common sense citizens, and the politicians who wish to keep people poor, under gov't control with subsidies and entitlements. If you'd like to blame anyone, blame those two groups.
Posted on 4/10/14 at 1:44 pm to Vols&Shaft83
It doesn't directly. What's somebody robbing a bank have to do with my ability to build wealth?
Posted on 4/10/14 at 1:47 pm to MIZ_COU
nothing, which is why it isn't relevant to this topic.
Posted on 4/10/14 at 1:49 pm to CheeseburgerEddie
quote:which is kind of my point.
nothing, which is why it isn't relevant to this topic.
So Vols is income inequality a good thing for the economy and everyone? If the top 1000 people had all the money would life be awesome?
and BTW 808 is much smarter than you
This post was edited on 4/10/14 at 1:50 pm
Posted on 4/10/14 at 1:51 pm to MIZ_COU
quote:
It doesn't directly. What's somebody robbing a bank have to do with my ability to build wealth?
Nothing, even if you have money in said robbed bank, FDIC insured.
Tell me how, anybody else's paycheck or inheritance affects your ability to build wealth. I'm still waiting.
Posted on 4/10/14 at 1:52 pm to MIZ_COU
quote:No it's a terrible idea
So Vols is income inequality a good thing for the economy and everyone?
quote:This doesn't make sense. Our money is fiat currency, it's intrinsically worthless. If 1000 people literally had all the money, it would become pretty worthless and the other 300 million of us would create our own money
If the top 1000 people had all the money would life be awesome?
Posted on 4/10/14 at 1:52 pm to Vols&Shaft83
quote:That line of questioning has already been answered. Now answer mine. And I'm waiting.
Tell me how, anybody else's paycheck or inheritance affects your ability to build wealth. I'm still waiting.
This post was edited on 4/10/14 at 1:53 pm
Posted on 4/10/14 at 1:53 pm to genro
So we agree.
Posted on 4/10/14 at 1:53 pm to MIZ_COU
quote:
is income inequality a good thing for the economy and everyone?
No it isn't. where are you going with this?
Posted on 4/10/14 at 1:54 pm to CheeseburgerEddie
quote:trying to bring it back to the OP
No it isn't. where are you going with this?
Posted on 4/10/14 at 1:56 pm to MIZ_COU
Sure, we agree that an oligarchy is bad. It would essentially be slavery.
Of course, we don't have an oligarchy as demonstrated by the fact that anyone can acquire capital and increase their socioeconomic standing.
That's where we disagree.
Of course, we don't have an oligarchy as demonstrated by the fact that anyone can acquire capital and increase their socioeconomic standing.
That's where we disagree.
Posted on 4/10/14 at 1:58 pm to Alahunter
quote:
Nobody is owed anything, especially the fruits of someone elses labor.
I agree with this, but I also have a problem with wage/productivity gap that's steadily increasing.
Posted on 4/10/14 at 2:02 pm to UMTigerRebel
quote:
I also have a problem with wage/productivity gap that's steadily increasing
This country has so many people on the Gov't dole, those folks would equate to a country larger than Italy and England. Might wanna start with gov't reforms and instill a work ethic into folks first, rather than demonize those that do produce. Imho, of course.
Posted on 4/10/14 at 2:02 pm to Vols&Shaft83
quote:
I asked how their golden parachutes affect your ability to build wealth?
Looking at it on a micro level will never yield an answer. Looking at it at a macro level and it's pretty clear if you take your blinders off. Unless you haven't been paying attention over the last 30 years. Your story is becoming more and more the exception rather than the rule. Some of that can be blamed on the sense of entitlement some younger folks have, but a lot can also be blamed on the system being rigged for the wealthy.
Posted on 4/10/14 at 2:04 pm to The Spleen
Gov't interference has increased the rigging. There's a reason so many politicians are multi millionaires when they leave office.
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