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Wealth Inequality in America

renatojj says...

@aaronfr and what if I said, "the State and the Church should be separate", would that imply I want priests getting away with murder?

My problem is not my original comment, it's you interpreting "get government out of the economy" in the worst possible light to make a quip about libertarianism and get cheap upvotes.

Government is in bed with the economy, with the monetary system, crooked financial institutions, bailing out banks that are too big to fail... is it OK for me, Mr. @aaronfr, to want the State to separate itself from all that shit, much like society agreed centuries ago that the State + Church = trouble? Or is that too much libertarian nonsense?

It makes me sad that you think socialism has anything to do with cooperation, because there's no room for cooperation when there's no private ownership or capital. Socialism's relationship with the economy is that of central planning, logically, and historically.

Cry Cry Cry "Cold Missouri Waters"

calvados says...

http://lyrics.wikia.com/James_Keelaghan:Cold_Missouri_Waters

My name is Dodge, but then you know that
'Cause it's written on the chart there at the foot end of the bed
They think I'm blind or I can't read it
I've read it every word, and every word it says is 'death'
So, Confession - is that the reason that you came
Get it off my chest before I check out of the game
Since you mention it, well there's thirteen things I'll name
Thirteen crosses high above the cold Missouri waters

August 'Forty-Nine, West Montana
The hottest day on record, the forest tinder dry
Lightning strikes in the mountains
I was crew chief at the jump base; I prepared those boys to fly
Into the drop zone, C-47 comes in low
Feel the tap upon your leg that tells you go
See the circle of that fire down below
Fifteen of us dropped above the cold Missouri waters

I gauged the fire - I'd seen bigger
So I ordered them to sidehill and we'd fight it from below
We'd have our backs to that river
We'd have it licked by morning even if we took it slow
But the fire crowned, it jumped the valley just ahead
There was no way down, we headed for the ridge instead
Too big to fight it, we'd have to fight that slope instead
Flames one step behind above the cold Missouri waters

Sky had turned red, the slope was boiling
Two hundred yards to safety, death was fifty yards behind
I don't know why, I just thought it
I struck a match to waist-high grass, running out of time
Tried to tell them, step into this fire I've set
We can't make it; this is the only chance you'll get
But they cursed me, ran for the rocks above instead
I lay face down and prayed above the cold Missouri waters

And when I rose, like the phoenix
In that world reduced to ashes, there were none but two survived
I stayed that night and one day after
Carried bodies to the river, wondering how I'd stayed alive
Thirteen Stations of the Cross to mark to their fall
I've had my say, I'll confess to nothing more
And I'll join them now, those that left me long before
Thirteen crosses high above the cold Missouri waters
Thirteen crosses high above the cold Missouri shore

Shenandoah, I long to see you
Far away, you rolling river
Oh Shenandoah, I long to see you
Way down the way, across the wide Missouri

Elizabeth Warren's First Banking Committee Hearing - YES!

Ickster says...

I find it amazing that no one is capable of giving a straight answer. I know they're trying to cover their asses, but how about one of them having some guts and saying, "We've never taken a big bank to trial, because they'd throw so much money, and so many lawyers, and so many lobbyists into the fight that we'd be destroyed. These institutions are too big to regulate."

The fact that none of them would even try something like that suggests that none of them are in fact interested in doing what their job says they should be doing.

Elizabeth Warren's First Banking Committee Hearing - YES!

KnivesOut says...

"You know, I just want to note on this. There are district attorneys and U.S. attorneys who are out there every day squeezing ordinary citizens on sometimes very thin grounds. And taking them to trial in order to make an example, as they put it. I'm really concerned that too big to fail has become too big for trial," she said. "That just seems wrong to me."

Clinton/Warren 2016

Elizabeth Warren's First Banking Committee Hearing - YES!

radx (Member Profile)

Olafur Ragnar Grimsson ~ "Let banks go bankrupt"

CreamK says...

Nothing is and nothing was too big to fail. It was the largest theft in history organized by politicians. If banks don't their shit right, they need to suffer from it. I understand protecting the savings of individuals that would've been lost but not the worthless lines of text in some computer system that is used to create money from thin air.

Next: derivatives that will burst and even larger theft where rest of the wealth is transferred from poor to the rich. Then they can start to decrease our numbers.

Celebrity Encounters (Blog Entry by lucky760)

Sarzy says...

Thanks to TIFF I've seen a bunch of famous actors/directors, mostly during Q&As, occasionally out and about. The most memorable time was when I was running late for a movie (it's generally a good idea to arrive at TIFF screenings at least half an hour early, if you want to get a decent seat), and there was a man and a woman standing side by side on the escalator, blocking me from running past. I was thinking "what a couple of douchebags," and I quickly turned around to get a look at them as I was finally able to run by. I did a double take when it turned out to be Joseph Gordon Levitt and Lynn Collins, the two stars of the movie I was about to see.

I was tempted to say something like "I'm about to see your movie!" but I'm way too big of a chicken for that.

The new russian 5th generation stealth fighter Sukhoi T-50

Too much information. (Blog Entry by UsesProzac)

Actual Gun/Violent Crime Statistics - (U.S.A. vs U.K.)

quantumushroom says...

Perhaps if your beloved so called "job creators" paid people a living wage rather than horde more and more of their profits for themselves there wouldn't be a war on poverty.


>>> You are your own boss, whether you work for someone else or not. You create the value and sell your time and labor to others, and can increase the value of both in many ways: providing solutions for others, inventing new products or boosting your own knowledge base. Yep, there are socialist countries that will pay you a living wage to push a broom, and those economies can't hope to compete with non-socialist economies.


I will go out on a limb and assume that you would shop exclusively at a Wal-mart-type store that paid their employees a living wage as opposed to the real Wal-mart? There aren't enough such "conscious consumers" to sustain such a business.


The problem with your narrative is you believe that the wealthy all won some type of lottery, that they did not provide any service or create an invention that yielded deserved financial rewards. This is a common sickness surrounding socialism: the game is rigged and those at the top are there by pure chance. This is what Obama was raised to believe.


The rich pay the lion's share of taxes in America, while the bottom half pay NOTHING in income tax yet get plenty of benefits. This model is nothing new, the ancient Athenians taxed the wealthy at a much higher rate than the poor. The difference is they didn't endlessly spend and create money out of thin air. I'm not against the social safety net, but what we have now is unsustainable and beyond ridiculous.


I agree that many of these CEOs are overcompensated turds, but they are a small part of the problem. In order for them to be paid, stockholders have to be happy, and for stockholders to be happy, a business has to be successful. Only in the fantasy world of government is anything too big to fail.


You're somewhat awakened in that you see that the ole government's robbing peter to pay paul routine doesn't work. Wonder where the trillions went? First and foremost, to con artists and bureaucrats, who gobble up so much of every dollar seized by government very little reaches the intended recipients, and that will NEVER change. "The state is that great fiction by which everyone tries to live at the expense of everyone else."


If you want to attack "greed", start with these Obama worshipers who nonetheless sheltered their own wealth when it came time to pay up.


http://michellemalkin.com/2013/01/01/obamas-tax-evaders-of-the-year/


RFlagg said:

Perhaps if your beloved so called "job creators" paid people a living wage rather than horde more and more of their profits for themselves there wouldn't be a war on poverty. They can't even pay their employees a rate that keeps up with inflation. Worker compensation goes up 5.7% since 1978, while CEO pay 726.7%. You right wing folks cry foul if the government taxes the rich about "spreading the wealth" but don't care that the rich are stealing the money earned by the hard work of the working class and keeping it at the top. Want to stop spending so much of your tax dollars helping the poor? How about your heroes paying everyone a living wage? How about they start hiring people again rather than fire people so they can have a jet? When the job creators start doing that then we can complain about how much tax money goes to helping the siftless who refuse to work and "want a handout". When some rich guy, <cough>Romney</cough> making $20 Million a year off investments actually spends $15 to $19 Million of that making businesses that just run off those investments rather than just holding it for their own greed, then we talk about a war on poverty... if I made that kind of money I wouldn't need even $1 Million a year, I'd stop around $150k (+/- cost of living adjustments from this area to whatever area I was in) and the rest I'd put into making stores or something, paying people living wages... $20 million a year would pay a lot of people a living wage.

And to be clear, I believe in the right to start your own business, and to be compensated for the risk, but when over half of your workers need food stamps, and you are making $18.7 Million a year, most of that in very low tax capital gains, then I start having issues. Nobody needs that kind of money, nobody. I'm not saying that everyone should cut off at the $150k (+/- cost of living for a given area) that I'd stop at, but after $250-$500 or so it starts to get bad if they aren't paying everyone under them a living wage (and if they are all being paid a living wage, then start hiring more people rather than keeping minimum staffing).

But no, they hold it for themselves, they fire thousands of people and keep the rest an minimum wages for over 3 years so they can have and keep their jet, their incomes greatly increase year to year compared to the rate of inflation while the few people they keep aren't keeping pace, and you people on the right complain about the poor rather than looking at the people responsible. You complain about how the poor are all just lazy... stop your job, work with the poor, take a job in retail working minimum wage for 10 to 20 years of your life. Most of those people want better jobs, they don't want a hand out, they want something better for themselves and their kids. Most of the poor want out, not by a handout, they want good jobs, but the "job creators" care only about increasing their pockets rather than helping their employees. Every person I know who gets government assistance (and that is a very large percentage of the people I know) would love to make a living wage and be off government assistance, a great many of them are embarrassed to be on the government roles and take it only because the only other choice would be take their kids and live on the streets, while the business owner or CEO hired by the company they work for jets around from mansion to mansion.

radx (Member Profile)

Spitzer/Taibbi: HSBC is too big to jail, untouchable

RFlagg says...

"Corporations are people my friend" except apparently when they break the law. Then they, and the people who run them are above the law, or too big and important to jail or prosecute. They get to have their cake and eat it too. When will the working class people rise up against these people? Why do people not care? The streets should be flooded with people in outrage... not just over this, but cases like this and it just keeps happening...

Dad and Daughter’s Close Whale Encounter in Hervey Bay

How to kill the lobster(s) humanely

Trancecoach says...

that lobster looks too big to be flavorfull. The small to medium-sized lobsters are the only ones I like.

(P.S. these are the insects of the ocean.)



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