paradime Posted November 19, 2017 Report Share Posted November 19, 2017 The professor in the Forbes editorial says otherwise. Problem began well before 1982. https://www.forbes.com/sites/louiswoodhill/2013/03/28/the-mystery-of-income-inequality-broken-down-to-one-simple-chart/#4f9b5d4419ea Great editorial post DHP. Good read with respect to the Fed's policies influence on income inequality, but it totally overlooks the influence that deregulation of the investment banking industry had in creating every one of these bubbles and subsequent recessions. I'm sure you remember we did have a recession after the savings and loan crash. "Ronald Reagan’s across-the-board supply-side tax cuts became fully effective at the start of 1983. These, coupled with Volcker’s quasi-stabilized fiat dollar, got the economy moving again. RGDP growth during the 18 years 1983 – 2000 averaged 3.67%, while inflation subsided to 2.64%. Things got better for everyone during this period, but quite unequally. The incomes of “the ninety percent” rose by about 17%, while those of “the ten percent” shot up by 106%. This was the best that could be done without actually re-fixing the dollar to gold (or something else real). A fiat dollar creates additional risks for capital investment, thus raising the cost of capital. When the cost of capital goes up, the return on capital must also increase, or the economy will liquidate itself. “The ten percent” owns essentially all of society’s capital. So, a higher cost of capital will inevitably raise the incomes of “the ten percent” relative to the rest of society." 1 Link to comment
racerx Posted November 19, 2017 Report Share Posted November 19, 2017 Will get worse with the new tax bill. Again low and middle income will lose out while the super rich and corporations will get tax breaks and will come out the winner Link to comment
a.d._510_n_ok Posted November 19, 2017 Report Share Posted November 19, 2017 https://www.youtube.com/watch?v=ovu7QXvpIjU Link to comment
Dguy210 Posted November 19, 2017 Report Share Posted November 19, 2017 This is what the brou ( or brew ) haha is about (please see below). Supposedly the holding hands is a couple of lesbians and this is morally unacceptable to have on a disposable coffee cup. It is kind of hard for me to tell SEEING AS THIS IS AN ASEXUAL CARTOON ILLUSTRATION. As far as supporting and promoting or not supporting and promoting the "gay agenda", neither is loony toons. INSANE PARANOIA IS. Pretty sure one of those hands belongs to this guy: 3 Link to comment
Jesse C. Posted November 19, 2017 Report Share Posted November 19, 2017 https://www.youtube.com/watch?v=ovu7QXvpIjU And nobody gave a fuck! I quit watching when she claimed to be a Star! I watched way too much!! Link to comment
q-tip Posted November 19, 2017 Report Share Posted November 19, 2017 When did Andy dick lose the glasses and dye his hair? 2 Link to comment
240zness Posted November 19, 2017 Report Share Posted November 19, 2017 Good read with respect to the Fed's policies influence on income inequality, but it totally overlooks the influence that deregulation of the investment banking industry had in creating every one of these bubbles and subsequent recessions. I'm sure you remember we did have a recession after the savings and loan crash. Dosnt that ignore the deregulation was actually done with regulation to make homes available to lower incomes? Then banks get forced to sell those crap loans as investable. And not participating , like chase ,leeds to 5 billion in fines to the regulators. See what they did there. Every move to regulate seems to cost people that arent involved. Loss of freedom and power to influence is the problem. With digital money and this stuff set up to cycle, bubble as big as ever. But yeah high taxes, 10% and 1% ers, middle class.. were doubling down again. So I don't know if anybody thinks that we need to fix how federal government helps. But it's simple for me, less gov. And I only ever hear that hinted at from republicans. Name calling and side taking tho, really helps us give up control. Link to comment
thisismatt Posted November 19, 2017 Report Share Posted November 19, 2017 As a middle classer (lower middle classer?), my effective tax rate is rather low (not even 5% last year). I'm not sure what middle classers are complaining about when it comes to taxes. Wages stagnation, yes, definitely. Taxation? Not so bad. Healthcare and housing are what kill me. If anything, besides cheaper healthcare, I would really like to see a tax credit/deduction for rent paid, considering the government taxed that money as income for me, and then again as income for the landlord. 1 Link to comment
racerx Posted November 19, 2017 Report Share Posted November 19, 2017 Healthcare, housing, cost of higher education and yes wages have not kept up. Heard in the news that most people in the silicon valley are spending 50% or more on rent, which leaves hardly any room for savings or retirement. Link to comment
thisismatt Posted November 19, 2017 Report Share Posted November 19, 2017 Healthcare, housing, cost of higher education and yes wages have not kept up. Heard in the news that most people in the silicon valley are spending 50% or more on rent, which leaves hardly any room for savings or retirement. Yup. It's amazing. In 2000 I went to a pretty good state college and my tuition was about $6k/year for a BS. The US Census Bureau released a new calculation of poverty; one that is more realistic than the old one. It’s called the Supplemental Poverty Measure (SMP) [1]. This new calculation adjusts classic poverty levels by the living expenses in each area. Using this better measure flips the numbers on their heads. California takes the No. 1 spot from Mississippi. Yes, you read that right! When taking housing and living expenses into account, California has more poor people than Mississippi, and all southern states. The SPM poverty calculation puts over 20% of all Californians below the poverty level. For comparison, Colorado’s is just 11%. The money earned may be higher but the cost to live is even higher in California, so money left over for food and other essentials is much lower, which makes getting by even harder. https://inlandempire.us/california-steals-no-1-poverty-state-mississippi/ Link to comment
racerx Posted November 19, 2017 Report Share Posted November 19, 2017 Put it this way, When I went back to college at sjsu in the late 80s, I think it was like $725 a semester. So what's happening today is that a lot of college grads are up to their necks with student loans. Link to comment
thisismatt Posted November 19, 2017 Report Share Posted November 19, 2017 Put it this way, When I went back to college at sjsu in the late 80s, I think it was like $725 a semester. So what's happening today is that a lot of college grads are up to their necks with student loans. Their choice, though. Link to comment
a.d._510_n_ok Posted November 19, 2017 Report Share Posted November 19, 2017 Former Clinton Staffer: Well, Franken's Sexual Assault Was Benign With the rot of Hollywood’s rape problem leeching into other areas, as women come forward with stories of harassment that transcend political lines and industries, there seemed to be a consensus developing. No matter who does it; sexual harassment/assault is wrong and accountability and punishment should follow. It’s pretty simple. Then, comes Zerlina Maxwell, a former Hillary Clinton staffer, who appears to have disagreed, calling Franken’s actions “benign” when compared to Roy Moore, the embattled Alabama GOP candidate who has been accused of molesting and sexually assaulting teenage girls. https://townhall.com/tipsheet/mattvespa/2017/11/17/former-linton-staffer-well-frankens-sexual-assault-was-benign-n2411113 Link to comment
paradime Posted November 19, 2017 Report Share Posted November 19, 2017 Doesn't that ignore the deregulation was actually done with regulation to make homes available to lower incomes? Then banks get forced to sell those crap loans as investable. And not participating , like chase ,leeds to 5 billion in fines to the regulators. See what they did there. Every move to regulate seems to cost people that aren't involved. Loss of freedom and power to influence is the problem. With digital money and this stuff set up to cycle, bubble as big as ever. But yeah high taxes, 10% and 1% ers, middle class.. were doubling down again. So I don't know if anybody thinks that we need to fix how federal government helps. But it's simple for me, less gov. And I only ever hear that hinted at from republicans. Name calling and side taking tho, really helps us give up control. The sales pitch of lower corporate tax and banking deregulation is that it promotes greater wealth distribution, but history clearly shows it has always had the opposite effect. That's not to say deregulation of other industries hasn't been good, but it requires close monitoring and adjustments to be successful. Remember what happened with airline deregulation? In a boom, the cost of real capital investments goes up and that get's 80% middle and lower income money on the table. The wealthier are more able to weather the crashes and then able to buy up capital for pennies on the dollar. Making homes available to people with lower incomes was started way back with Clinton, but the deregulation in the banking industry ramped up under Bush. In the absence of a Gold Standard these Fed levers of our fiat currency and regulation of our financial system are the only things we have to control the free market beast. It's all too easy to over heat the economy for short term political gains, but that has always had disastrous effects on wealth distribution and the deficit. What kills me is the term fiscal conservatism is synonymous with the republican party, but they know they are talking out of both sides of their mouth when when they sell huge tax cuts for the wealthy and corporations will benefit the middle class. As good as the economy is doing, how is it prudent to hit the spurs now? 1 Link to comment
a.d._510_n_ok Posted November 19, 2017 Report Share Posted November 19, 2017 GOP Fears Obamacare Repeal Fail Means More Roy Moores in ’18 Never in the history of American politics has a political party so utterly and completely squandered an opportunity and mandate. Republicans are in complete control of the federal government, control that was won primarily through a seven-year pledge to repeal Obamacare. The only thing stopping the GOP from keeping that promise is the GOP — and these feckless liars cannot even do that. If millions and millions of establishment dollars fail to push Strange over the finish line, if even President Trump cannot drag him over, the green light to primary Republican incumbents in 2018 is as inviting as it is bright and clear. According to the Hill, the GOP establishment is well aware of this fact and sweating bullets: GOP base voters are frustrated with the lack of accomplishments, and their frustration is on full display in the Alabama Republican primary runoff, where former state Supreme Court Chief Justice Roy Moore has a substantial lead in the polls over incumbent Sen. Luther Strange. “We’re now staring at a much messier 2018 if Republicans continue to fail to get the job done,” he said. Republican strategists and conservative activists predict that combined with Moore’s projected victory over Strange will embolden conservative challengers to take on Senate and House GOP incumbents. http://www.breitbart.com/big-government/2017/09/26/nolte-gop-fears-obamacare-repeal-fail-means-more-roy-moores-18/ Link to comment
paradime Posted November 19, 2017 Report Share Posted November 19, 2017 GOP Fears Obamacare Repeal Fail Means More Roy Moores in ’18 Breitbart has a very bias agenda in this so be aware of that when reading this. Good, bad is up to you, but always be wary of what's behind a headline like this. Candidates like Moore may appeal to a Alabamans, but he also ignites liberal backlash and brings otherwise lazy voters to the polls. 2018 will be yet another spectacle of divisions in both parties. Link to comment
datzenmike Posted November 19, 2017 Report Share Posted November 19, 2017 roy GOP Fears Obamacare Repeal Fail Means More Roy Moores in ’18GOP base voters are frustrated with the lack of accomplishments, and their frustration is on full display in the Alabama Republican primary runoff, where former state Supreme Court Chief Justice Roy Moore has a substantial lead in the polls over incumbent Sen. Luther Strange.http://www.breitbart.com/big-government/2017/09/26/nolte-gop-fears-obamacare-repeal-fail-means-more-roy-moores-18/ That's not true. He's 12 points down. At least. Link to comment
racerx Posted November 20, 2017 Report Share Posted November 20, 2017 In away that article is true, the GOP has squandered their opportunity. We will have to see, I just don't like the tax bill they are trying to pass. 1 Link to comment
240zness Posted November 20, 2017 Report Share Posted November 20, 2017 Dope, golf cart one. What's his round count? 2-3 hour rounds I bet Link to comment
dhp123166 Posted November 20, 2017 Report Share Posted November 20, 2017 Another "family values" pol. got caught with his pants down and is going to prison; https://www.yahoo.com/news/trump-campaign-coordinator-apos-family-222545006.html Link to comment
dhp123166 Posted November 20, 2017 Report Share Posted November 20, 2017 Trump lashes out at UCLA basketball players: 'I should have left them in jail' Yeah, he is right, he should have. Dumbasses... 1 Link to comment
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