Capitalism Guarantees Rising Inequality

.

I'll try again.

Clearly there are people here who are more than willing to point out what they perceive to be the evils of capitalism.

So, and I'm sure you've thought this through, what precisely would you like to see? Let's get specific here, with ideas and/or examples of the following:

  • New regulations you'd like to see on business
  • Specific marginal income tax rates
  • Macro comparisons with other countries
  • Constitutional amendments, if any
  • New culturally-oriented laws, if any
  • Any other specifics of any kind

Let's take full advantage of this forum, and of the anonymity provided by the internet, and really get into the nuts & bolts of what you'd really like to see. You don't like capitalism, great. Take the reins, what, precisely, is your answer for America?

And by the way, it would be great if you could identify potential problems with each idea, so that we can all understand that you've thought it through and recognize red flags that we would need to consider and address upon implementation.

Thanks.

.

Well golly batman, you got me. I'm just a poor stupid election worker and not an economist, but even a poor stupid fucking election worker can see that the income inequality in this country is unsustainable. This moron also knows that we've had this kind of inequality before. What did we do then?

There has been income inequality for 200 years. What part of that sounds unsustainable to you? Why do you care what someone else earns if you're making more than you were last year, last decade?
Why does the Left promote the politics of envy and greed? Yes, greed. The Left is the greedy party, defining greed as wanting something that doesn't belong to you. High income earners mostly earned their income. People clamoring for gov't redistribution didnt. That's greed.
 
We created the inequality, we can fix it.

Yeah, we can give everyone unicorns too

they tried FIXING poverty and we still have the same amount and worse today

You people go take YOUR money and go FIX inequality...We are sick of your pie in sky ideas of some liberal utopia and sucking our blood, sweat and tears and monies from OUR FAMILES

When we fought the war on poverty, we were winning. When we stopped fighting, we started losing again. Imagine that?

According to Joseph Califano, who worked in the Johnson White House, “the portion of Americans living below the poverty line dropped from 22.2 percent to 12.6 percent, the most dramatic decline over such a brief period in this century.” That’s a staggering 43 percent reduction. In six years.​

Marco Rubio Is Wrong: The War on Poverty Worked

The War on Poverty’s surprising success

Don't you get SS?
Never mind the figures are wrong and misleading.
When did we stop fighting a war on poverty? What poverty related program has been cut back or eliminated?
 
Where is Democracy to be found in a world where the three richest individuals have assets that exceed the combined GDP of 47 countries?

A world where the richest 2% of global citizens "own" more than 51% of global assets?

Ready for the best part?

Capitalism ensures an already bad problem will only get worse.


"The Organization for Economic Cooperation and Development (OECD) states that income inequality 'first started to rise in the late ‘70s and early ‘80s in America and Britain (and also in Israel)'.

"The ratio between the average incomes of the top 5 per cent to the bottom 5 per cent in the world increased from 78:1 in 1988, to 114:1 in 1993..."

"Stiglitz relays that from 1988 to 2008 people in the world’s top 1 per cent saw their incomes increase by 60 per cent, while those in the bottom 5 per cent had no change in their income.

"In America, home to the 2008 recession, from 2009 to 2012, incomes of the top 1 per cent in America, many of which no doubt had a greedy hand in the causes of the meltdown, increased more than 31 per cent, while the incomes of the 99 per cent grew 0.4 per cent less than half a percentage point."

Spotlight on Worldwide Inequality

There are alternatives that don't require infinite "growth."

Thank gawd The Gonad has solved that problem.
 
.

I'll try again.

Clearly there are people here who are more than willing to point out what they perceive to be the evils of capitalism.

So, and I'm sure you've thought this through, what precisely would you like to see? Let's get specific here, with ideas and/or examples of the following:

  • New regulations you'd like to see on business
  • Specific marginal income tax rates
  • Macro comparisons with other countries
  • Constitutional amendments, if any
  • New culturally-oriented laws, if any
  • Any other specifics of any kind

Let's take full advantage of this forum, and of the anonymity provided by the internet, and really get into the nuts & bolts of what you'd really like to see. You don't like capitalism, great. Take the reins, what, precisely, is your answer for America?

And by the way, it would be great if you could identify potential problems with each idea, so that we can all understand that you've thought it through and recognize red flags that we would need to consider and address upon implementation.

Thanks.

.

Well golly batman, you got me. I'm just a poor stupid election worker and not an economist, but even a poor stupid fucking election worker can see that the income inequality in this country is unsustainable. This moron also knows that we've had this kind of inequality before. What did we do then?

There has been income inequality for 200 years. What part of that sounds unsustainable to you? Why do you care what someone else earns if you're making more than you were last year, last decade?
Why does the Left promote the politics of envy and greed? Yes, greed. The Left is the greedy party, defining greed as wanting something that doesn't belong to you. High income earners mostly earned their income. People clamoring for gov't redistribution didnt. That's greed.

Yes, some inequality is natural and necessary. Never before in our history has it been this great. Deny it to all of our peril.

11-28-11pov-f1.png


See how the lines used to be conjoined? See how they aren't anymore?

An even broader range

r-GILDED-large570.jpg
 
Where is Democracy to be found in a world where the three richest individuals have assets that exceed the combined GDP of 47 countries?

A world where the richest 2% of global citizens "own" more than 51% of global assets?

Ready for the best part?

Capitalism ensures an already bad problem will only get worse.


"The Organization for Economic Cooperation and Development (OECD) states that income inequality 'first started to rise in the late ‘70s and early ‘80s in America and Britain (and also in Israel)'.

"The ratio between the average incomes of the top 5 per cent to the bottom 5 per cent in the world increased from 78:1 in 1988, to 114:1 in 1993..."

"Stiglitz relays that from 1988 to 2008 people in the world’s top 1 per cent saw their incomes increase by 60 per cent, while those in the bottom 5 per cent had no change in their income.

"In America, home to the 2008 recession, from 2009 to 2012, incomes of the top 1 per cent in America, many of which no doubt had a greedy hand in the causes of the meltdown, increased more than 31 per cent, while the incomes of the 99 per cent grew 0.4 per cent less than half a percentage point."

Spotlight on Worldwide Inequality

There are alternatives that don't require infinite "growth."

So Capitalism works?

OK TY
 
Yeah, we can give everyone unicorns too

they tried FIXING poverty and we still have the same amount and worse today

You people go take YOUR money and go FIX inequality...We are sick of your pie in sky ideas of some liberal utopia and sucking our blood, sweat and tears and monies from OUR FAMILES

When we fought the war on poverty, we were winning. When we stopped fighting, we started losing again. Imagine that?

According to Joseph Califano, who worked in the Johnson White House, “the portion of Americans living below the poverty line dropped from 22.2 percent to 12.6 percent, the most dramatic decline over such a brief period in this century.” That’s a staggering 43 percent reduction. In six years.​

Marco Rubio Is Wrong: The War on Poverty Worked

The War on Poverty’s surprising success

Don't you get SS?
Never mind the figures are wrong and misleading.
When did we stop fighting a war on poverty? What poverty related program has been cut back or eliminated?

Wait...aren't you the same guy that said not adjusting for inflation is a pay cut? Think about that for a minute...
 
There are alternatives that don't require infinite "growth."


Great, so what would you like to see?

Specifically?

.
At a minimum:

"It is now more than four years since the financial
crisis struck, and the mood has changed. At the
time, the conventional wisdom was that, while the
crisis was serious, we would see a similar pattern to
previous recessions: a two- to three-year period in
which output was below its pre-crisis peak, followed
by a return to growth. It hasn’t happened. The scale
of the financial sector’s losses, the level of debt in
richer economies and the austerity policies pursued
by many governments have combined to create a
slowdown that is longer and deeper than anticipated."

http://www.wpp.com/~/media/sharedwpp/readingroom/consumer%20insights/succeeding_in_lowgrowth_markets_feb13.pdf

Business and individuals should change their thinking in order to profit in a low growth world
 
Well golly batman, you got me. I'm just a poor stupid election worker and not an economist, but even a poor stupid fucking election worker can see that the income inequality in this country is unsustainable. This moron also knows that we've had this kind of inequality before. What did we do then?

There has been income inequality for 200 years. What part of that sounds unsustainable to you? Why do you care what someone else earns if you're making more than you were last year, last decade?
Why does the Left promote the politics of envy and greed? Yes, greed. The Left is the greedy party, defining greed as wanting something that doesn't belong to you. High income earners mostly earned their income. People clamoring for gov't redistribution didnt. That's greed.

Yes, some inequality is natural and necessary. Never before in our history has it been this great. Deny it to all of our peril.

/QUOTE]

Never mind your charts are bullshit. What is the optimal point of income inequality? What is the problem if it goes over that point?
That seems to be the thing the left just can't quite explain. What difference does it make? All the "explanations" have been bullshit and easily debunked. The truth is much more bad happens when gov't tries to regulate how much people make than the opposite.
 
When we fought the war on poverty, we were winning. When we stopped fighting, we started losing again. Imagine that?

According to Joseph Califano, who worked in the Johnson White House, “the portion of Americans living below the poverty line dropped from 22.2 percent to 12.6 percent, the most dramatic decline over such a brief period in this century.” That’s a staggering 43 percent reduction. In six years.​

Marco Rubio Is Wrong: The War on Poverty Worked

The War on Poverty’s surprising success

Don't you get SS?
Never mind the figures are wrong and misleading.
When did we stop fighting a war on poverty? What poverty related program has been cut back or eliminated?

Wait...aren't you the same guy that said not adjusting for inflation is a pay cut? Think about that for a minute...
Wait, was that supposed to be an answer to my question of what programs have been cut?
 
what the hell is that suppose to mean?
Deny it to all of our peril.

is that some sort of threat?

like you better extend unemployment monies or they will riot and blunder what you have?
 
Last edited:
what the hell is that suppose to mean,
Deny it to all of our peril.
?

It means that something scaaary is going to happen. What that is I have no idea. Because middle class people are better off now than they were 10 years ago, even accounting for the shitty performance of the economy under Obama, Mr. Spread the wealth. Who is going to riot because their standard of living has improved?
 
Income inequality is biggest global risk, World Economic Forum says
<snip>
The World Economic Forum, which hosts the annual high-profile gathering of top business and political leaders, asked 700 global experts to assess global risks.
For the third straight year, income disparity topped the list of the five most likely global risks over the next 10 years. The others in this year's report were extreme weather events, unemployment and underemployment, climate change and cyber attacks.
Income inequality is biggest global risk, World Economic Forum says - latimes.com

But lets just go ahead and make excuses and think everything is fine. The world's greatest experts see a problem, but what do they know. Right?
 
Well golly batman, you got me. I'm just a poor stupid election worker and not an economist, but even a poor stupid fucking election worker can see that the income inequality in this country is unsustainable. This moron also knows that we've had this kind of inequality before. What did we do then?

There has been income inequality for 200 years. What part of that sounds unsustainable to you? Why do you care what someone else earns if you're making more than you were last year, last decade?
Why does the Left promote the politics of envy and greed? Yes, greed. The Left is the greedy party, defining greed as wanting something that doesn't belong to you. High income earners mostly earned their income. People clamoring for gov't redistribution didnt. That's greed.

Yes, some inequality is natural and necessary. Never before in our history has it been this great. Deny it to all of our peril.

11-28-11pov-f1.png


See how the lines used to be conjoined? See how they aren't anymore?

An even broader range

r-GILDED-large570.jpg

You are absolutely correct.
Wealth concentration is inarguable.
But this is not the result of capitalism.
This is the result of corrupt/oligarchical governance. Our entire federal government is thoroughly corrupt via special interest made up of the central banks/super corporations.
The problem is not capitalism. The problem is corruption in our entire financial system.
Of which - both parties are duplicitous.
 
Income inequality is biggest global risk, World Economic Forum says
<snip>
The World Economic Forum, which hosts the annual high-profile gathering of top business and political leaders, asked 700 global experts to assess global risks.
For the third straight year, income disparity topped the list of the five most likely global risks over the next 10 years. The others in this year's report were extreme weather events, unemployment and underemployment, climate change and cyber attacks.
Income inequality is biggest global risk, World Economic Forum says - latimes.com

But lets just go ahead and make excuses and think everything is fine. The world's greatest experts see a problem, but what do they know. Right?

Risk of what?
 
One thing the socialist morons always ignore (besides every conceivable and historical fact pointing the opposite since the dawn of man) - is the "evils" of capitalism don not arise from capitalism itself.
Extreme inequality arises from crony-capitalism. Or if you prefer a corrupt capitalist system.
Capitalism can only be corrupt with the help of government. Or the duplicity of government.
And this is what we have today. We do not have proper capitalism anymore. We have a bastardized corrupt system that extracts wealth rather than builds it.

I agree that crony-capitalism is a problem. However, I disagree with the concept that wealth inequality is a problem. Bill Gates didn't become one of the richest men in the world because of crony capitalism. He developed the operating system that was used in most of the personal computers in the late twentieth century. He rode that wave to earn billions while in the process employing thousands of people. He was a wealth creator.

The person who invents the better mouse trap and becomes an entrepreneur to bring that better mousetrap to the masses is able to become filty rich in a capitalistic society. I don't see a problem with that.
 
Never mind the figures are wrong and misleading.
When did we stop fighting a war on poverty? What poverty related program has been cut back or eliminated?

Wait...aren't you the same guy that said not adjusting for inflation is a pay cut? Think about that for a minute...
Wait, was that supposed to be an answer to my question of what programs have been cut?

If you keep something at the same funding or don't adjust for inflation, isn't that a cut?

And how can you say programs haven't been cut? Isn't that what the GOP claims to do? Are you saying the GOP has been an abject failure for the last 50 years?

Does the GOP want to cut SS and Medicare, yes or no? Has the GOP cut SNAP and Head Start programs, yes or no? Do they want to even more, yes or no?

I like how you just threw out "those numbers are misleading" but don't actually provide facts to the contrary. Hmmm...
 
what the hell is that suppose to mean?
Deny it to all of our peril.

is that some sort of threat?

like you better extend unemployment monies or they will riot and blunder what you have?

I'm saying that those who don't learn from history are doomed to repeat it. What has happened in societies where the income inequality grew too great?

Don't you collect Social Security? Would you be in poverty without that money?
 
Wait...aren't you the same guy that said not adjusting for inflation is a pay cut? Think about that for a minute...
Wait, was that supposed to be an answer to my question of what programs have been cut?

If you keep something at the same funding or don't adjust for inflation, isn't that a cut?

And how can you say programs haven't been cut? Isn't that what the GOP claims to do? Are you saying the GOP has been an abject failure for the last 50 years?

Does the GOP want to cut SS and Medicare, yes or no? Has the GOP cut SNAP and Head Start programs, yes or no? Do they want to even more, yes or no?

I like how you just threw out "those numbers are misleading" but don't actually provide facts to the contrary. Hmmm...
Which programs have been kept at the same level or cut? You seem unable to answer this simple question. I'm not asking what the GOP platform is. The GOP can not and has not been able to implement any program for over 5 years.
You made the claim, defend it or admit you made the whole thing up.
 
what the hell is that suppose to mean?
Deny it to all of our peril.

is that some sort of threat?

like you better extend unemployment monies or they will riot and blunder what you have?

I'm saying that those who don't learn from history are doomed to repeat it. What has happened in societies where the income inequality grew too great?

Don't you collect Social Security? Would you be in poverty without that money?

That's a pretty simplistic formulation. What happened to societies that normalized homosexuality?
She paid into social security. How much better off would she have been if she had been able to keep that money and invest it for 40 years?
 

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