Oh this is good stuff. The assumptions made in this post are too funny. Is it a case of you don't know or that you don't know that you don't know. I think with you it's the latter.
Collapse of Middle Class Wealth
- Thread starter jerry55
- Start date
Oh this is good stuff. The assumptions made in this post are too funny. Is it a case of you don't know or that you don't know that you don't know. I think with you it's the latter.
Everytime I get ready to read one of your posts, I cue this song up:
[ame]http://www.youtube.com/watch?v=0U3V00h8tnk=embed[/ame]
Like a dull knife
Just ain't cutting
Just talking loud
Then saying nothing
Just saying nothing
Just saying nothing
You can't tell me
How to run my life down
You can't tell me
How to keep my business sound
You can't tell me
What I'm doing wrong
When you keep driving and
Singing that same old money song
You can't tell me
Which way to go
Cause three times seven
And then some more
You can't tell me, hey
You're like a dull knife
Just ain't cutting
You're just talking loud
And saying nothing
Just saying nothing
Just saying nothing
Don't tell me
How to do my thing
When you can't, can't
Can't do your own
Dont tell me how to be a boy
When, when you know I'm grown
Can't use me like a woman
Woman throws away her dress
And you can't tell me, hey
How to use my mess
You're like a dull knife
Jack, you just ain't cutting
You're just talking loud
Then saying nothing
Just saying nothing
And saying nothing
Shape up your bag
Don't worry bout mine
My thing together
And a doing fine
Good luck to you
Just allow you're wrong
Then keep on singing that
Same old money song
Then keep on singing that
Same old money song
Just keep on singing that
Same old money song
Just keep on singing that
Same old money song
Just keep on singing that
Same old money, oww
I got to, I want yo
I musta, I got to
Ashes ashes and a dust to dust
I musta, jump on back
I'm doing a, my hands
I say I will, the point
Is too dark to fill
You say I cant
You're phony, you're phony
I said, I said, you're phony
LOL. Love all the language like "jealous" and "sponge" etc. If it makes you feel better. But the reality is that the sponges that you are so against are often the richest people out there. Oh, yes, their companies gets fat subsidies and corporate welfare, pay lower effective tax rates than the middle class, and siphon off an insane amount of surplus labor value through increasingly anti-worker laws they get passed by buying Congressmen off with the gazillion dollars they spend on lobbying.
And you call me a sponge? hahahaha. Dude, if you were to open your eyes and see how billionaires get their money, you'd change your tune. In your mind they got it by rolling up their sleeves and playing fair in a free market of labor and capital. To you they are a bunch of Buffets. However, if you were to actually become an informed individual, you'd realize that these rich people are taking money from the middle class and workers to get rich. They aren't getting rich by exclusively creating new wealth out of thin air. You think it's a coincidence that as unions have declined, anti-workers laws have increased, offshoring has blown up that the rich have gotten richer while the middle class has gotten poorer?
When a post is so dumb and full of so many factually incorrect assumptions as was MHunter's post, I can't be bothered to dissect it line by line.
It's like someone posting that humans are green and tables talk. Would you really expect for someone to get into a lengthy discussion showing them how wrong they are? Or would you just chuckle and let them live in their fantasy world?
why are so many of you even wasting your time replying to this with logic? this is just generic liberal gibberish, their brains are unable of comprehending logic or thinking multiple steps ahead so there is no use using arguments that rely on these skills because they won't understand what you're saying anyway, nor will they be willing to do any relevant amount of research into the subject matter or put any effort into proposing viable solutions that wouldn't destroy the economy
exhibit A) jerry brings up a problem. multiple intelligent wickedfirers ask him for his solution to the problem. instead of responding with a solution, he has a bag full of excuses as to why he can't come up with a solution.
exhibit B) when i was 18 i had $4k in my bank account. now i have over 100x that. in another 10 years, i plan to have worked hard enough to have 100x what i have now. if you really think there is no upwards mobility in this country, suck my dick.
liberals sometimes remind me of the homeowners association in my neighborhood: people with nothing better to do, who already know they have failed at life, so they go around making silly rules and trying to tell everyone what to do in order to make themselves feel like they have a purpose
(by "liberals" i'm referring to the far leftists whose minds are unable to understand why 90% tax rates and socialist fiscal policies don't work, not reasonable liberals who are actually somewhat educated/intelligent and are more interested in social policies - if you're a lib for the social stuff, that's perfectly fine and the above doesn't refer to you)
exhibit A) jerry brings up a problem. multiple intelligent wickedfirers ask him for his solution to the problem. instead of responding with a solution, he has a bag full of excuses as to why he can't come up with a solution.
exhibit B) when i was 18 i had $4k in my bank account. now i have over 100x that. in another 10 years, i plan to have worked hard enough to have 100x what i have now. if you really think there is no upwards mobility in this country, suck my dick.
liberals sometimes remind me of the homeowners association in my neighborhood: people with nothing better to do, who already know they have failed at life, so they go around making silly rules and trying to tell everyone what to do in order to make themselves feel like they have a purpose
(by "liberals" i'm referring to the far leftists whose minds are unable to understand why 90% tax rates and socialist fiscal policies don't work, not reasonable liberals who are actually somewhat educated/intelligent and are more interested in social policies - if you're a lib for the social stuff, that's perfectly fine and the above doesn't refer to you)
Technological advancement is Growth. With static supply and demand being constant (whether it be for goods or space) there will be no growth. In a competitive economy they will be unable to lower prices, so funding new businesses will just take a chunk out of the existing market. The reason companies do R&D is to develop technologies for greater/more efficient production.
This isn't a new concept.
Ok, but then why don't you get pissed off at the poor people for accepting the oh-so-shitty wages and working conditions? If everyone refused to work at Walmart, then Walmart would do what's necessary to attract workers. They don't seem to have a problem with hiring new employees though. Aren't the workers to blame just as much if not more than the wealthy CEO who's just doing what he/she can to run their business as efficiently as possible?
Honestly, this response is a little too simple for me. There must be more factors than simply rampant consumerism and consumer debt.
Does monetary inflation play a part? What about corporate wellfare that stifles competition? Increased taxation?
Time for me to do some homework.
Yes.
Inflation plays a huge part. Artificially low interest rates, fiat currency, corporate bailouts, etc etc.
Also the culture of going into six-figures of debt to go to college. That the American dream is to "own" a home, no matter the massive financial burden involved. The easy access to consumer credit to buy $800 phones and $40,000 cars to people who can't afford it.
Regulations, licensing, taxes and fines injected into every aspect of our lives.
One example, I recently had an infection. I was prescribed antibiotics. The pharmacist told me that a year ago it'd be $4. It was $200 for a 10-day supply.
The increasingly militarized police state. The military industrial complex and perpetual wars. Being forced to purchase shitty products at gun-point (health insurance).
Invasive bureaucratic intrusion into every aspect of our lives. You have to pay for other people's kids to go to youth indoctrination camps. You have to pay into social security - and if you're younger than 40 the odds of you getting any return on that forced investment are laughable. You can't drink water or wipe your ass without shelling out money to the state.
Your internet and cell phone are state sanctioned monopolies. There's no market competition. No competing on price or service, you pay what they demand or you don't get service. And that applies to everything from energy to automobiles.
In India, you can buy a brand new car for $2,500. Never going to happen here due to regulations.
I could go on about the state all day.
In fairness, people are idiots when it comes to finances. But if you eliminate state intervention, they could be free to be idiots and still do just fine.
Say population increases by 10%, supply and demand can both increase without a change in technology.
I noticed you left out the last part of that scene and also the fact that Louis CK is a liberal.
We need to decentralize the legislative system. Get rid of representatives entirely and let people vote via the internet. No one to bribe and everyone gets the same voice. Problem solved.
Great idea. I nominate mattseh to develop and regulate this new technology.