The problem with capitalism

[Orangecat]

Capitalism has no such requirements.

It’s a benefit, not a requirement.

 

[Colin norris]

You project a lot. Don't you.

You called
It projecting. I call it facts.
I am right and you know it but the best you've got is childish remarks.
You are blight in the human race.

 

[Ray From Cleveland]

Standing on your own two feet became virtually impossible for millions of productive Americans after the mid-1970s when the aggregate incomes of Americans living below the 90th percentile began declining from more equal income distribution following WWII.

What happens to your economic independence when corporate raiders (vultures) ship your job to China after looting your pension plan?

Conservative slaves (MAGA) fail to understand their ideology is, at its root, a destructive system of inequality and prejudice founded on deception and dedicated to a single end: consolidating wealth in fewer and fewer hands with each passing generation.

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure

So who is it that's consolidating this wealth you speak of? I mean.........if somebody is doing this, you have to know who.

 

[Ray From Cleveland]

You can call it what you like but you are taking other taxpayers money for your benefit.
Republicans like you cannot tolerate paying for someone else but are h sappy to take their taxes.

Next time you need a hospital, don't go to a public one. Go to th e private one. Send your kids to a private school and dintndrive on the government funded roads.
You are a hypocrit.

What is hypocritical about using something you were forced to pay into? I don't call that hypocrisy at all. I call it common sense.

You may not like carrying automobile insurance because it's law, but if you get into an accident, there is nothing hypocritical about using it once you do get into an accident.

 

[Orangecat]

When it’s going right to the debt it is.

Lowering taxes does not increase debt. That is done when you spend at levels above your revenue stream.

 

[Ray From Cleveland]

Poverty in the US by comparison to other countries is relevant because given what resources are available, a person in the US in “poverty” is living pretty well. In addition, the US provides the best opportunity to become one of those millionaires or billionaires in comparison to any other country which is the primary reason people come here.

Class warfare here in the US does nothing except to erode our Middle Class, erode incentive, punish success, and move US towards more failed models of Socialism.

Correct. If you are born in this country and have no physical or mental disabilities and are still poor, it's a choice you made, not an affliction.

 

[georgephillip]

So who is it that's consolidating this wealth you speak of? I mean.........if somebody is doing this, you have to know who.

I know which percentile increased their income and wealth by bribing government over the past 40 years.

"A Tale of Three Classes (Figure 1):
The 9.9 percent hold most of the wealth in the United States.

The 9.9 Percent Is the New American Aristocracy

"Every piece of the pie picked up by the 0.1 percent, in relative terms, had to come from the people below.

"But not everyone in the 99.9 percent gave up a slice.

"Only those in the bottom 90 percent did.

"At their peak, in the mid-1980s, people in this group held 35 percent of the nation’s wealth.

"Three decades later that had fallen 12 points—exactly as much as the wealth of the 0.1 percent rose."

 

[georgephillip]

Lowering taxes does not increase debt. That is done when you spend at levels above your revenue stream.

When government borrows from its richest citizens instead of taxing them, does public debt increase?

 

[westwall]

You called
It projecting. I call it facts.
I am right and you know it but the best you've got is childish remarks.
You are blight in the human race.

Facts? No, you project your behaviors on innocent people because you are a liar, and a feckless piece of shit loser.

 

[Orangecat]

When government borrows from its richest citizens instead of taxing them, does public debt increase?

When the government borrows money to cover spending above revenue levels, debt is accrued. It makes no difference who lends it, unless you’re trying manipulate opinions to further a divide-and-conquer class warfare narrative.

 

[BrokeLoser]

Standing on your own two feet became virtually impossible for millions of productive Americans after the mid-1970s when the aggregate incomes of Americans living below the 90th percentile began declining from more equal income distribution following WWII.

What happens to your economic independence when corporate raiders (vultures) ship your job to China after looting your pension plan?

Conservative slaves (MAGA) fail to understand their ideology is, at its root, a destructive system of inequality and prejudice founded on deception and dedicated to a single end: consolidating wealth in fewer and fewer hands with each passing generation.

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure

We should probably recruit tens of millions of desperate Mexicans to fix the issue huh?

 

[jbander]

Along with inequality there has also been an almost 60 year-long stagnation of purchasing power for a majority of Americans:

The economy has seen massive growth over those seven decades, yet most Americans' ability to purchase goods and services without acquiring massive levels of debt has barely budged.

For most Americans, real wages have barely budged for decades

1981 is the year , no one has to ask why, it is 100% apparent .

 

[jbander]

There's got to be a better way or we don't have a future.

why's that, if the right had any respect at all for capitalism and didn't try to destroy that also and let it work the way it should work instead of the I want it all routine . We would be fine.

 

[jbander]

The only people that distribute wealth in this country are the people, not government.

If the government tax's you 100% of your wages or outlaw what your product is, They dam well are in charge of the distribution of wealth , your comment is just brainless.

 

[jbander]

Of course they did but not nearly to the extent the Democrats have. Furthermore the right doesn't push to have government cater to your every need, and that's what the left is all about.

this thread is about the distribution of wealth , I won't let you hijack this thread , stick to the topic or move on. .

 

[jbander]

This thread is about the distribution of wealth in this country , if you can't stay with that topic go and start another thread on what you want to talk about. No one has the right to hijack threads.

 

[BrokeLoser]

This thread is about the distribution of wealth in this country , if you can't stay with that topic go and start another thread on what you want to talk about. No one has the right to hijack threads.

Be honest…isn’t this thread more about shameless beggars begging for free shit?

 

[Wyatt earp]

Adam smith said that at any time the market, jobs and wages can be controlled by business and not by the markets and at that time it is wrong and something has to be done about it, That is what is going on now. The possibility of the chance to get ahead is the driving force that separates capitalism from all other economic concepts but the right, since Reagan's trickle down lie, has taken that away totally from the possibilities. The only threat to capitalism in this country is the right wing , thinking they deserve it all.

A Guide to Statistics on Historical Trends in Income Inequality | Center on Budget and Policy Priorities

Adam Smith and "The Wealth of Nations"

Adam Smith's 1776 classic "The Wealth of Nations" may have had the largest global impact on economic thought.

www.investopedia.com

All that to say You're a broke motherfucker?

 

[jbander]

And if we want to compete with China, then we need more workers willing to get paid less, while still adding into SS.

why would we even want to compete with China . That is ridiculous . They are still a widget producer we haven't done that in decades. What you try to protect is the technology based production and that is done with American ingenuity, American ability to create.

 

[Wyatt earp]

This thread is about the distribution of wealth in this country , if you can't stay with that topic go and start another thread on what you want to talk about. No one has the right to hijack threads.

No this thread is about you trying to figure another way to steal money legally