Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth This Needs To Change (cost, financial)
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I think you would find that corrupt industries generally trade on some arbitrary advantage conferred directly or indirectly by government. Competition forces most participants to try to render more value per dollar than competitors.
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Correct. Monopolies almost always are created or sustained by government. Big Government and Crony Capitalism are to blame for monopolies.
The rich are richer than ever, so if we just wait for the trickle down, the middle class will be in great shape and the poor will have a shot at being in the middle class.
This is the **** for brains logic of the right wing constituents.
Why would you wait? Why not get off your lazy azz and EARN some money? Trickle down is not needed.
Why are Dems always waiting for somebody to give them something?
Ah, yes. I see what you mean now. I guess I didn't even pay attention that because I knew that's what it meant. However, by dropping off the outliers, how do you claim we'd get a bell curve? Maybe a reverse bell curve? No matter which way you plot this data, it's not going to show a fairly small lower class, a healthy middle class, and a small upper class, which I surmise would be an ideal distribution (to anyone whose sole motivation for getting out of bed every day isn't how rich they can become). That would be a bell.
What is still apparent is that approximately 20% of households (based on two adults and one child) are below federal poverty lines as far as income goes, and the next 22% being at only twice poverty, still a pretty meager existence. Hell, even the median point isn't anything to celebrate. We can debate all day about whether that many people aren't working hard enough, but that's another discussion (well, no...it really isn't).
At the end of the day, it shows us that far too many people are making far too little money to support the economy in any meaningful way. And the answer isn't "tell those people to work harder" or to call them all leeches. You don't want my answer, so I'll leave it at that.
So, then...if government didn't interfere at all in business, wages would be much higher for most jobs, especially low end jobs? And thus, the economy and the populace as a whole would be much better off?
And of course, those capitalists would be sure by policing themselves that our environment, clean air, and water would remain safe for us all without government meddling.
Quote:
Originally Posted by Roadking2003
Why would you wait? Why not get off your lazy azz and EARN some money? Trickle down is not needed.
Why are Dems always waiting for somebody to give them something?
Why are rich capitalists always stepping on the necks of the poor and middle class?
oh, wait, because they're rich, and dog gonnit, they can!
Hey, it's an attractive concept, the notion that we could restore prosperity if only we are allowed to waste enough money. Krugman's politics are alluring, in the same way that crack cocaine or meth is.
Krugman is a one trick pony. His solution to every problem is increased government spending.
And of course, those capitalists would be sure by policing themselves that our environment, clean air, and water would remain safe for us all without government meddling.
Yes, they would if given the proper incentives. People don't usually crap in their own pond. If businesses owned a river, they would be sure it was clean. That's just simple business sense.
Yes, they would if given the proper incentives. People don't usually crap in their own pond. If businesses owned a river, they would be sure it was clean. That's just simple business sense.
So, you think businesses should be allowed to own rivers?
It's not a zero sum game unless you are lazy and don't care to work.
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