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How Inequality Was Created

enoch says...

@Trancecoach
you are starting to sound damn near evangelical about this free market lovefest you are having.
and this:
"Socialism promotes equality: "it's only virtue is equal misery for all" (with the exception of the rulers, of course)"

thats a beaut.

and how come all your examples are the european countries that got fucked in the ass by corrupt currency and derivative speculators? are you working for goldman sachs?
whats the deal man?

how about throwing out some countries are doing pretty damn ok?
denmark?finland?

ill give ya props for knowing capitalism and all the positive bennies that can go with it but its apparent you dont know shit about socialism.
socialism-communism=not the same.

so while we are at it lets discuss some things that are from the dark side of capitalism and no free market carny barker never seems to want to talk about.

1.how do you fix the currency issue with its pyramid scheme?
2.how do create a level playing field for the wage slave? or debt slave?
3.or can you outright buy people?
4.since nothing is communal and there is no regulation.is there anything that cannot be commodified?

look man.i get it.lots of good things can happen with a free market.
but so can a lot of bad.
eyes open my man.

reminds me of the scientist who came up with game theory.
from the rand institute i think.
the whole cold war was set up on this dudes principles of self-interest.
did a bunch of testing on dudes and the data seemed conclusive...
until he did the same experiment with secretaries.
turns out they were unwilling to dick each other over and were more prone to co-operate with each other.

well how about them apples.co-operation as a way on interacting.
ya dont say?
very interesting.

the scientist later recanted and dismissed his own study(years later though).

i know we both agree that what we have now is a clusterfuck.
and i agree that the free market should have a place,that its even vital.
but unrestricted free markets?
naw..no thanks.

Crowdsurf at the Price is Right

Russian Truckers do not endorse racketeering.

Happy Gilmore in 5 seconds

Macklemore & Ryan Lewis - Can't Hold Us

siftbot says...

Tags for this video have been changed from 'Macklemore, Ryan Lewis, KEXP, Northwest, Seattle, Bob Barker Suit' to 'Macklemore, Ryan Lewis, KEXP, Northwest, Seattle, Bob Barker Suit, Ray Dalton' - edited by brycewi19

ant (Member Profile)

120 Hunting dogs being fed at Cheverny, France!

Price is Right: First Episode (09/04/72)

ant says...

>> ^ulysses1904:

No, I was also wondering what he meant when he referred to the old Price is Right, that was before my time. They showed Match Game '73 right after TPIR so it was a pretty entertaining hour of TV back then. I actually remember the seatbelt commercial, they showed that one a lot.>> ^ant:
>> ^ulysses1904:
Thanks for posting this, I think I started watching it around 1973. I had to smile when he said the Vega comes with an AM radio. We used to be amazed when the cars they showed started costing $5000 to $6000 a year or two later, that was a huge amount of money back then.

Did you watch TPIR before Bob Barker?



Yeah, it was in black and white.

Price is Right: First Episode (09/04/72)

ulysses1904 says...

No, I was also wondering what he meant when he referred to the old Price is Right, that was before my time. They showed Match Game '73 right after TPIR so it was a pretty entertaining hour of TV back then. I actually remember the seatbelt commercial, they showed that one a lot.>> ^ant:

>> ^ulysses1904:
Thanks for posting this, I think I started watching it around 1973. I had to smile when he said the Vega comes with an AM radio. We used to be amazed when the cars they showed started costing $5000 to $6000 a year or two later, that was a huge amount of money back then.

Did you watch TPIR before Bob Barker?

Price is Right: First Episode (09/04/72)

Price is Right: First Episode (09/04/72)

ant says...

>> ^ulysses1904:

Thanks for posting this, I think I started watching it around 1973. I had to smile when he said the Vega comes with an AM radio. We used to be amazed when the cars they showed started costing $5000 to $6000 a year or two later, that was a huge amount of money back then.


Did you watch TPIR before Bob Barker?

Price is Right: First Episode (09/04/72)

Sexy Cat on the Prowl for Loving

Barseps (Member Profile)

Income Inequality and Bank Bonuses

Winstonfield_Pennypacker says...

Just because one clip focuses on it doesn't mean that the entire movement is fixated on one stat.

All I ever see from the liberal left's ProgLibDytes are clips that focus on the 'wealth disparity' between the rich and poor. I've never seen the ProgLibDyte clip that focuses on something like median income. That's because focusing on median income tells a completely opposing story. The point is that ProgLibDytes and and left as a whole focus only on a narrow band of stats that drives thier agenda-based narrative. They ignore huge vistas of other facts, studies, research, thought, and evidence because it cuts the legs out from under thier world view and makes them look like idiots.

Barak Obama himself is a CLASSIC example of this narrow-minded kind of agenda-driven cherry-picking of reality. Every time that specimen opens his mouth it is to say, "The experts I have spoken to agree with me..." And what about the bazillions of experts he DIDN'T speak to which all disagree with him, or contradict him? Of course is his empty noggin such people don't exist - or don't matter. The same issue plagues neolib leftists across whole spectrums. Global Warming, Abortion, Economics - you name it - the left picks a tiny slice of carefully selected grain of sand to tell a story, and ignores whole beaches of sand that says the opposite.

Not that the right doesn't suffer from the same problem. It is not an issue limited to only the left. However, the left is more aggressively self-important, pious, and arrogant about their narrative - and far more inclined to try to base bad legislation on it.

How is raising the marginal tax rate on the super rich a few percentage points "communist" or even "socialist" on an objective scale?

The US tax rate (both corporate and private) is already one of the highest in the world. I counter your question with another. "What good is raising the marginal tax rate on the super rich a few percentage points going to do?" You could confiscate every penny the top 10% of America has and it would not get America's government out of the red even for one year - let alone for the 15 trillion we have in debts - and the SIXTY-FOUR TRILLION we have in 'unfunded liabilities' such as Social Security. There isn't enough money in the entire economy to pay for all the spending the government is doing and/or proposing with its leftist big-government agendas. The economic problem is one of spending - not taxation.

But you're pretending that the income gap between super rich and poor is static, which misses the entire point. It's not static. It fluctuates.

Irrelevant. The gap between the top 1% and the bottom 5% means nothing. It is immaterial statisitically speaking. If I earn a million a year compared to a guy that earns 30K then he makes 3% of what I do. A year later I am earning 1,050,000 a year and he is earning 28K for a new adjusted difference of 2.66% of what I earn. Head for the hills, Ma Barker! Since when is this -0.34% shift of any value. Or let's go the other way and now I'm only earning 950,000 and he's earning 32,000 for a 3.25% How is that helping either the rich guy OR the poor guy? Or let's take the real world situation that Barak Obama brought us and BOTH of them go down while the government's income skyrockets. Wow - that's really benefiting society isn't it?

The wealth gap is utterly irrelevant - static or dynamic. And for the record - I never assume ANY economic stat is static except for one. Government growth. Government baseline budgeting has created an untenable economic drag on the nation because it continues to grow at 8% to 10% Year over Year no matter what the economy is doing. That's the only static economic stat out there - and it is not a good one.

(BTW, what a good person you are to say whose jobs are of value and whose aren't!)

Right back at you Clyde. Who are you to decide what an inside-trader's job should or shouldn't be worth? The IT generates real profit for his company, and they compensate him to keep him doing it. Who are you - or Cunk - or any other ProgLibDyte to come along with the cheek to say they don't deserve it?

I'm advocating the gov't make it moderately more equal by raising the rich's taxes, and ease up on the poor and middle class.

The mistake you and the left make is that for some reason you think that 'taxes' make things 'more equal'. They don't except in one way... Taxes make everyone equally miserable. Money goes into government and dissappears. Taxing the rich doesn't make things better for the poor or the middle class. It only gives government more power - which is the last thing our bloated federal system needs right now. The poor pay virtually no income taxes - so it is quite impossible to 'ease up' on them except at the state & sales tax level. The middle class? Hey - anything helps but in the average budget we're talking a few hundred bucks a year. I don't have a problem with the rich paying thier 'fair share' (as leftists so vaguely love to put it). But the rich already ARE paying thier fair share and then some. If they jacked 'the rich' tax rate up to 90% it wouldn't do jack-squat for 'the poor' or the middle class.

Tax capital gains like it's income, subject to the same brackets, etc.

America's captial gains taxes are already the #2 highest in the world. Gapital gains are treated differently for a reason. This is another thing that most leftists prove themselves woefully ignorant about whenever they talk about it. And again - even if we did that how exactly is that going to 'help' anyone? All that does is provide you lefties with an ephemeral, meaningless sense of shadenfruede which you can suckle on as you trudge back to your government-mandated hovels - properly pacified with the meaningless knowledge that a rich guy is getting taxed some more. That is until you realize he's still rich, you're still poor, and only the government got something out of the deal. How leftists can be so stupid on the subject of economics I will never know, but I can only tip my hat to the depths of human gullibility.



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