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The dollar costs of inequality: they are greater than you think | MR Online
"Pretty much everyone accepts that inequality is a big problem in the U.S.
"But it is doubtful that most people truly grasp how successfully U.S. elites have captured the benefits of economic growth and, as a result, how much the resulting inequality has cost them.
"Here is one estimate of that cost—according to Carter C. Price and Kathryn A. Edwards, authors of a Rand Education and Labor study on income trends:
"That $2.5 trillion was enough to give each and every worker in the bottom nine income deciles an additional $1144 a month, every month of the year.
"That is life changing money for tens of millions—and that is only a partial measure of the costs of inequality."
Just like you, Parasite.
When US banks required France and the UK to repay loans made prior to US involvement in the "'War to End All Wars", Germany took the biggest hit and Hitler got his Big Part.this so bs the crash of 29 happened due to massive borrowing to pay for a colossal war in europe when they couldnt pay the banks banks went under
True. It is a oligarchy verging on a Banana Republic.Today the USA is neither capitalist or Democratic.....
Depending on your definition of "freedom", I can say from personal experience becoming homeless produced a sense of freedom I've never experienced anywhere else.broke people have no freedom
Americans who own shares in defense stocks certainly benefitted.How did Americans benefit from Afghanistan, Iraq or Vietnam?
What's you alternative?Democracy is rule by the dumbest 51% of the people. What makes you believe majority vote is a good way to design a car? It obviously isn't. There is no technical innovation that resulted from a majority vote. Economic democracy is the dumbest idea ever concieved.
No, that's your alternative. The only one, apparently, that you can imagine. That must suck.What's you alternative?
Rule by rich morons?
Is it (capitalism) compatible with democracy?It’s not Democratic, but it is democratic.
As long as we don't try to mix the two, it's all good.Is it (capitalism) compatible with democracy?
You should mention that to Hitler the next time you see himsocialism and communism always fail when big brother takes your paycheck and re distributes it its only a matter of time you spend your time at work drinking and sitting on your ass cause working hard will get you NOWHERE
"In 1943-1945 mass production of the newer military equipment was carried out. In 1943, when it became clearer that the war was going in allied favor and that the Soviet Union would not outright lose the war, one of the most important tasks became to restore the national economy"
Communism leads to a money-less society which pretty much eliminates the WEALTHY from the human population; sorry if that scares you.THE WEALTHY always control everything that is never going to change money is power communism just increases the poor and POWERLESS
Yes, that does scare me. It should scare anyone with a brain.Communism leads to a money-less society which pretty much eliminates the WEALTHY from the human population; sorry if that scares you.
Of course it is, turd. You don't know the meaning of the term. Gold in the vault are reserves. If you don't have enough reserves to exchange every note issued for gold, then you have a fractional reserve system. That's the definition of term, moron.That is " fractional reserve banking."
A bank issuing their own notes is not fractional reserve banking.
Yes, like gold, moron.Fractional reserve banking is when a bank holds a part of their deposits as a reserve.
It's still not a partial gold standard.That doesn't make it a "partial gold standard."
Notes are partially covered.
It doesn't matter what makes me feel better. I'm explaining the meaning of the term "entitled."You're legally entitled.
I'm sure that makes you feel better after the bank failed.
Private notes backed by gold are a much better idea than government fiat money.That means if the bank doesn't cough up the gold you can have the legal authorities go after it.
Go after the gold? They never had it.
Go after the bank? You're the one who thinks private bank notes are a good idea.
No, that isn't what I claimed. Go back and read through the thread.It's separate issue.
You claimed banks had 100% of the gold needed to cover their notes.
That's the issue that started our disagreement.
You're forgetting Alfred RosenbergSocial Darwinism is an idea promoted by progressives like Woodrow Wilson and Margret Sanger. birth control was part of Sanger's plan to keep blacks from reproducing.
Of course it is, turd. You don't know the meaning of the term. Gold in the vault are reserves.
Of course it is, turd. You don't know the meaning of the term. Gold in the vault are reserves. If you don't have enough reserves to exchange every note issued for gold, then you have a fractional reserve system. That's the definition of term, moron.
Yes, like gold, moron.
It's still not a partial gold standard.
It doesn't matter what makes me feel better. I'm explaining the meaning of the term "entitled."
Private notes backed by gold are a much better idea than government fiat money.
No, that isn't what I claimed. Go back and read through the thread.
Proving (once again) you would have been more useful to this society as an abortion statistic.My solution for you is to send you to a reeducation camp.
