The Gini coefficient

[Truthmatters]

then you are very very uninformed on purpose

 

[Truthmatters]

Still refusing to explain in your own words what you claim I dont understand?


Tell me what Pareto found about the assets in his own country?

that 80% of the land was owned by 20% of the people. He found that the same was true everywhere. He didn't say or observe that was a bad thing, just the way it is.

Yes , very good , you have been reading the material.


he found this in what year?

 

[LordBrownTrout]

What's the solution, TM?

 

[boedicca]

I'd like to see her explain what the problem is before offering The Solution, final or otherwise.

 

[Truthmatters]

Progressive Era - Wikipedia, the free encyclopedia


The same solution they had in 1906 when the man discovered this relationship

 

[boedicca]

That's not an explanation. Try again.

 

[Oddball]

Ahhh, the onset of the socialistic "progressive era"...Back when gubmint only consumed about 3% of GDP.

Now it consumes in excess if 1/4 of American GDP, while the progressives snivel and wring their hands over the "shocking" (well, to them anyways) accumulation of wealth by those at the very top.

Coincidence?...I think not.

 

[Truthmatters]

I already explained the problem you just never listen

 

[Truthmatters]

Ahhh, the onset of the socialistic "progressive era"...Back when gubmint only consumed about 3% of GDP.

Now it consumes in excess if 1/4 of American GDP, while the progressives snivel and wring their hands over the "shocking" (well, to them anyways) accumulation of wealth by those at the very top.

Coincidence?...I think not.

HAHAHAHAHAHAHAH


dear one the country was all about unfettered markets at the time which created the problem

 

[boedicca]

Ahhh, the onset of the socialistic "progressive era"...Back when gubmint only consumed about 3% of GDP.

Now it consumes in excess if 1/4 of American GDP, while the progressives snivel and wring their hands over the "shocking" (well, to them anyways) accumulation of wealth by those at the very top.

Coincidence?...I think not.

Actually, nearly 40% with state and local spending added to the total - much of it mandated by the Feds.

 

[Oddball]

I already explained the problem you just never listen

You haven't explained jack shit...You've merely linked to a goofy Wiki link that you cannot possibly comprehend and said "SEE!?!?...SEE!?!?"

 

[Oddball]

Ahhh, the onset of the socialistic "progressive era"...Back when gubmint only consumed about 3% of GDP.

Now it consumes in excess if 1/4 of American GDP, while the progressives snivel and wring their hands over the "shocking" (well, to them anyways) accumulation of wealth by those at the very top.

Coincidence?...I think not.

Actually, nearly 40% with state and local spending added to the total - much of it mandated by the Feds.

I stand corrected.

But somehow or another, this is all the fault of them eeeeeviilll rich people.

 

[Oddball]

Ahhh, the onset of the socialistic "progressive era"...Back when gubmint only consumed about 3% of GDP.

Now it consumes in excess if 1/4 of American GDP, while the progressives snivel and wring their hands over the "shocking" (well, to them anyways) accumulation of wealth by those at the very top.

Coincidence?...I think not.

HAHAHAHAHAHAHAH


dear one the country was all about unfettered markets at the time which created the problem

What unfettered markets?

C'mon....Name these "unfettered markets".

 

[boedicca]

Ahhh, the onset of the socialistic "progressive era"...Back when gubmint only consumed about 3% of GDP.

Now it consumes in excess if 1/4 of American GDP, while the progressives snivel and wring their hands over the "shocking" (well, to them anyways) accumulation of wealth by those at the very top.

Coincidence?...I think not.

Actually, nearly 40% with state and local spending added to the total - much of it mandated by the Feds.

I stand corrected.

But somehow or another, this is all the fault of them eeeeeviilll rich people.

It's so much easier to blame The EVUL Rich than to take actual responsibility for one's lot in life and to stop being consumed with pea green envy.

 

[Truthmatters]

Panic of 1907 - Wikipedia, the free encyclopedia


This is how the rich used to act.

Its why you know the name JP Morgan




The crisis was triggered by the failed attempt in October 1907 to corner the market on stock of the United Copper Company. When this bid failed, banks that had lent money to the cornering scheme suffered runs that later spread to affiliated banks and trusts, leading a week later to the downfall of the Knickerbocker Trust Company—New York City's third-largest trust. The collapse of the Knickerbocker spread fear throughout the city's trusts as regional banks withdrew reserves from New York City banks. Panic extended across the nation as vast numbers of people withdrew deposits from their regional banks.

The panic may have deepened if not for the intervention of financier J. P. Morgan, who pledged large sums of his own money, and convinced other New York bankers to do the same, to shore up the banking system. At the time, the United States did not have a central bank to inject liquidity back into the market. By November the financial contagion had largely ended, yet a further crisis emerged when a large brokerage firm borrowed heavily using the stock of Tennessee Coal, Iron and Railroad Company (TC&I) as collateral. Collapse of TC&I's stock price was averted by an emergency takeover by Morgan's U.S. Steel Corporation—a move approved by anti-monopolist president Theodore Roosevelt. The following year, Senator Nelson W. Aldrich established and chaired a commission to investigate the crisis and propose future solutions, leading to the creation of the Federal Reserve System.




Did you see any of our era stepping up like these guys did?

 

[Oddball]

JP Morgan benefited greatly from gubmint-granted rights-of-way and mineral rights.....Hardly laissez-faire.

Try again.

 

[LordBrownTrout]

Ahhh, the onset of the socialistic "progressive era"...Back when gubmint only consumed about 3% of GDP.

Now it consumes in excess if 1/4 of American GDP, while the progressives snivel and wring their hands over the "shocking" (well, to them anyways) accumulation of wealth by those at the very top.

Coincidence?...I think not.

Actually, nearly 40% with state and local spending added to the total - much of it mandated by the Feds.

True, and quite a few progressive types that I know will harken back to WW2 and tell us all that it ain't really bad at all right now....as they draw comparisons to GDP at 120%. The problem is that they're arguing two equations with different variables. 40 percent GDP is disgusting.

 

[boedicca]

Ahhh, the onset of the socialistic "progressive era"...Back when gubmint only consumed about 3% of GDP.

Now it consumes in excess if 1/4 of American GDP, while the progressives snivel and wring their hands over the "shocking" (well, to them anyways) accumulation of wealth by those at the very top.

Coincidence?...I think not.

Actually, nearly 40% with state and local spending added to the total - much of it mandated by the Feds.

True, and quite a few progressives types that I know will harken back to WW2 and tell us all that it ain't really bad at all right now....as they draw comparisons to GDP at 120%. The problem is that they're arguing two equations with different variables. 40 percent GDP is disgusting.

During WWII we didn't have massive entitlement and government pension liabilities that were off the books liabilities either.

If the government held itself to the same standards that it did Enron, it would have to arrest itself for accounting fraud.

 

[LordBrownTrout]

Actually, nearly 40% with state and local spending added to the total - much of it mandated by the Feds.

True, and quite a few progressives types that I know will harken back to WW2 and tell us all that it ain't really bad at all right now....as they draw comparisons to GDP at 120%. The problem is that they're arguing two equations with different variables. 40 percent GDP is disgusting.

During WWII we didn't have massive entitlement and government pension liabilities that were off the books liabilities either.

If the government held itself to the same standards that it did Enron, it would have to arrest itself for accounting fraud.

That's exactly right.

 

[Truthmatters]

JP Morgan benefited greatly from gubmint-granted rights-of-way and mineral rights.....Hardly laissez-faire.

Try again.

So you suggest they gov should have given the mineral rights to who for how much?


That is an example of the country benifiting from capitalism.