Smart Man Discusses Income Inequality

[wihosa]

The right has no problem with corruption as long as they can profit from it.

 

[AVG-JOE]

The forced surrender of wealth is theft.

Nobody is forcing them to surrender wealth. We are merely advocating that we relook our policies that enable him to accumulate future wealth. Why subsidize billionaires?

How are any billionaires subsidized?

All of us.

 

[AVG-JOE]

It's impossible to stir lolberals from their belief that one person gets ahead only when someone else gets behind. Or that we're all in this together and policies that discourage earning money discourage it all across the board.
Until lolberals realize this--which is never because they don't educate well--they will never be able to propose reasonable policies that will help growth for everyone.

Is that what you really believe? Really?!?



That's sad, dude.

 

[Quantum Windbag]

There will always be income equality for the simple fact that not everyone is equal.

The income distribution graph should form a smooth bell curve with most of the wealth in the hands of most of the people and where both the extremely wealthy and the poor are adequately represented.

Just an FYI, that would make it worse for poor people.

Here is an income distribution graph from 2005.

Why 2005? Because it was the first year I found, and it indicates why you shouldn't be commenting on issues you don't understand.

 

[AVG-JOE]

There will always be income equality for the simple fact that not everyone is equal.

The income distribution graph should form a smooth bell curve with most of the wealth in the hands of most of the people and where both the extremely wealthy and the poor are adequately represented.

The income distribution graph should form a smooth bell curve

It should? Why?

Because a fair market place is the goal. When measuring Monkey business involving a LOT of Monkeys, anything but a smooth bell curve paints a picture of unfairness.

Don't forget... it's a gauge measuring the effectiveness of market policies, not a policy itself.

 

[Toddsterpatriot]

The income distribution graph should form a smooth bell curve with most of the wealth in the hands of most of the people and where both the extremely wealthy and the poor are adequately represented.

The income distribution graph should form a smooth bell curve

It should? Why?

Because a fair market place is the goal. When measuring Monkey business involving a LOT of Monkeys, anything but a smooth bell curve paints a picture of unfairness.

Don't forget... it's a gauge measuring the effectiveness of market policies, not a policy itself.

Because a fair market place is the goal.

Why is a bell curve fair? Besides your feelings?

 

[AVG-JOE]

There will always be income equality for the simple fact that not everyone is equal.

The income distribution graph should form a smooth bell curve with most of the wealth in the hands of most of the people and where both the extremely wealthy and the poor are adequately represented.

Just an FYI, that would make it worse for poor people.

Here is an income distribution graph from 2005.

Why 2005? Because it was the first year I found, and it indicates why you shouldn't be commenting on issues you don't understand.

That's just the bottom 98%. That leaves much of the income for that year ungraphed.


Fair and unfair I understand perfectly.

 

[AVG-JOE]

The income distribution graph should form a smooth bell curve

It should? Why?

Because a fair market place is the goal. When measuring Monkey business involving a LOT of Monkeys, anything but a smooth bell curve paints a picture of unfairness.

Don't forget... it's a gauge measuring the effectiveness of market policies, not a policy itself.

Because a fair market place is the goal.

Why is a bell curve fair? Besides your feelings?

Because of averages. A smooth bell curve is a description of "average". Anyone who has ever had a college course that was graded on a bell curve understands perfectly.

 

[bripat9643]

Wow.....a pinko professor?

Well I certainly welcome you to post your own data on the distribution of wealth in this country. It should be interesting

I never claimed I had any such data. I don't think it's even available. That's why the chart is almost certain bullshit. The fact that I don't have an alternative set of numbers doesn't make the ones posted correct. That's the logic of a true believer, not a scientist.

Except that the data is available...

Really? Then post it. And I don't want to see any links to some ultra-pinko website.

 

[Toddsterpatriot]

Because a fair market place is the goal. When measuring Monkey business involving a LOT of Monkeys, anything but a smooth bell curve paints a picture of unfairness.

Don't forget... it's a gauge measuring the effectiveness of market policies, not a policy itself.

Because a fair market place is the goal.

Why is a bell curve fair? Besides your feelings?

Because of averages. A smooth bell curve is a description of "average". Anyone who has ever had a college course that was graded on a bell curve understands perfectly.

Average is one number, a bell curve has more than one number on it.

 

[bripat9643]

I never claimed I had any such data. I don't think it's even available. That's why the chart is almost certain bullshit. The fact that I don't have an alternative set of numbers doesn't make the ones posted correct. That's the logic of a true believer, not a scientist.

You don't have any data? Why am I not shocked?

Come on fingerboy.......you can do better than that

Guys from NYU.....must be a pinko

Why do conservatives embarrass themselves at every chance

Yeah, that's a convincing argument . . . . if you're a moron.

 

[bripat9643]

It's not inequality per se, but the size of the inequality, that's the point.

What's the magic number where it goes from being bad to good?

Ignorance is not a defense or a point

Asking a question isn't ignorance, you fucking moron.

 

[editec]

And......some fun facts about our wonderfully fair economy.....with nice pictures.

Wealth Inequality in America - YouTube

This video is wrong in that it assumes wealth is finite.

No, actually is doesn't assume that at all.

What it assumes is that the amount of wealth at any given moment is the amount of wealth at any given moment.

It's not. Wealth isn't like a pizza or a pie. So simply because some people have more money, others don't automatically have to have less.

Let me introduce you to the concept of the free market where those with more can outbid those with less to gain control of productive assets.

Does that help?

Also, wealth isn't distributed in America. It's earned.

Seriously? You're going to attempt to fight this battle over rhetoric? that's truly pathetic.

You need to study macro-economics, sport.

You have been terribly misinformed as to how the world of macro-economics actually works.

 

[bripat9643]

Oh I see why you keep repeating yourself...It's because you are arguing against something no one said or is suggesting. There is no way to eliminate income inequality and no one is saying that. But there is something wrong with how unequal it is. Wouldnt you agree with that?

I've already asked you this, but you were too stupid to post an meaningful reply. What is the magic number that determines where income inequality goes from bad to good? How does mere statistical data equate to some moral principle?

 

[bripat9643]

Which some political sides do not understand in any fashion.
CEO Pay Grew 127 Times Faster Than Worker Pay Over Last 30 Years: Study
And as we all know some don't like to deal with facts nor do they like to read any site that does not give them the information they desire: CEOs earn 380 times in pay more than average worker - Apr. 19, 2012

There will always be income equality for the simple fact that not everyone is equal.

It's not inequality per se, but the size of the inequality, that's the point.

The AFL-CEO is hardly a credible source of data. Furthermore, labor unions are responsible for the vast increase in CEO pay. IN the 1980s they lobbied for laws that prevent so-called "corporate raiders" from taking over a corporation and kicking out the overpaid management. They made it possible for corporate executives to pay themselves as much as they want.

 

[Agit8r]

"Above all things, good policy is to be used that the treasure and moneys in a state be not gathered into few hands. For otherwise a state may have a great stock, and yet starve. And money is like muck, not good except it be spread."
-- Francis Bacon; from 'Of Seditions and Troubles' (1625)

 

[bripat9643]

"Above all things, good policy is to be used that the treasure and moneys in a state be not gathered into few hands. For otherwise a state may have a great stock, and yet starve. And money is like muck, not good except it be spread."
-- Francis Bacon; from 'Of Seditions and Troubles' (1625)

Did you have a point of some kind? Hitler never stepped foot in a church. Like Clinton and Obama, he pretends to be religious for political purposes. There are many quotes of Hitler saying that religion is a con.

 

[editec]

Economic history keeps showing us the same thing.

When wealth distribution gets too lopsided, capitalism becomes increasingly inefficient until the markets fail to get resources to where they are needed.

Now you guys can whione and bitch and talk about socialism and fairness, but still history keeps showing us the same thing.

IF we want a capitalist economy that is consumer driven, then wealth inequity cannot get too far out of line.

And this is true regardless of how that wealth is distributed.

If, as another example, the RICH were NOT rich enough, the system would ALSO fail in that case.

But when the WEALTH CLASS has too much control over money, the system bogs down, asset inlfation kicks in and bubbles form that inevitably POP!

Savings and loan bubble? POP!

Dot Com bubble...POP!

Real estate bubble POP

All these bubbles are the inevitable outcome of the investor class having too large a share of the nation's overall wealth.

If you don't like that?

Blame capitalism because capitalism needs some modicum of wealth by class balance to work efficiently

 

[bripat9643]

"Above all things, good policy is to be used that the treasure and moneys in a state be not gathered into few hands. For otherwise a state may have a great stock, and yet starve. And money is like muck, not good except it be spread."
-- Francis Bacon; from 'Of Seditions and Troubles' (1625)

"It is through the peasantry that we shall really be able to destroy Christianity because there is in them a true religion rooted in nature and blood."

- Adolf Hitler -

"Antiquity was better than modern times, because it didn't know Christianity and syphilis."

- Adolf Hitler -

Historian Paul Johnson wrote that Hitler hated Christianity with a passion, adding that shortly after assuming power in 1933, Hitler told Hermann Rauschnig that he intended "to stamp out Christianity root and branch."

"I'll make these damned parsons feel the power of the state in a way they would have never believed possible. For the moment, I am just keeping my eye upon them: if I ever have the slightest suspicion that they are getting dangerous, I will shoot the lot of them. This filthy reptile raises its head whenever there is a sign of weakness in the State, and therefore it must be stamped on. We have no sort of use for a fairy story invented by the Jews."

- Adolf Hitler -

 

[bripat9643]

Economic history keeps showing us the same thing.

When wealth distribution gets too lopsided, capitalism becomes increasingly inefficient until the markets fail to get resources to where they are needed.

History shows no such thing. What it does show is that whenever people manage to accumulate any significant amount of wealth, scumbags scheme to get their hands on it via government compulsion.