You are paying for it

[Rudeboyelvis]

#1 on Amazon's best seller list


>>>...In Piketty's view, backed by centuries of data on wealth and economic growth, the typical outcome of unfettered capitalism is rising income inequality. Piketty says the world's biggest economies have to do something, like impose a global tax on capital, to stop it. As Piketty said in an interview with HuffPost Live last week, income inequality is only getting started, and this century could look a lot more like the deeply unequal 18th and 19th centuries than the more-egalitarian 20th....<<<


http://www.huffingtonpost.com/2014/0...n_5191566.html

[jms62]

Originally Posted by Rudeboyelvis

#1 on Amazon's best seller list


>>>...In Piketty's view, backed by centuries of data on wealth and economic growth, the typical outcome of unfettered capitalism is rising income inequality. Piketty says the world's biggest economies have to do something, like impose a global tax on capital, to stop it. As Piketty said in an interview with HuffPost Live last week, income inequality is only getting started, and this century could look a lot more like the deeply unequal 18th and 19th centuries than the more-egalitarian 20th....<<<


http://www.huffingtonpost.com/2014/0...n_5191566.html

Oligarchy

We are becoming third world where a few in business are disgustingly wealthy and they buy the politicians to rig the rules to make themselves even more wealthy. Death Spiral if you ask me.

[Rudeboyelvis]

Originally Posted by jms62

Oligarchy

We are becoming third world where a few in business are disgustingly wealthy and they buy the politicians to rig the rules to make themselves even more wealthy. Death Spiral if you ask me.

Exactly...And nothing new - from the 2012 Mitt Romney thread where Joey promised us how much better things would be with a Republitard in charge:

Originally Posted by Rudeboyelvis

A Corporate Oligarchy is a form of power, governmental or operational, where such power effectively rests with a small, elite group of inside individuals, sometimes from a small group of educational institutions, or influential economic entities or devices, such as banks, commercial entities, lobbyists that act in complicity with, or at the whim of the oligarchy, often with little or no regard for constitutionally protected prerogative.

Monopolies are sometimes granted to state-controlled entities, such as the Royal Charter granted to the East India Company, or privileged bargaining rights to unions (labor monopolies) with very partisan political interests.

This is what we are living in.

Only when we all collectively dismiss the bullsi.t spewed from the corporate-controlled (RE: State Run) media and reclaim our nation, can we try that whole "Constitutionally Federated Republic" thing again.

but if you think you're getting there with Romney or Obama, I'd say you're in for a disappointment.

[Danzig]

another take on the minimum wage, from a point of view i'd never considered-how it would level the playing field a bit between small business owners and large corporations.

http://www.slate.com/articles/busine...er_living.html


hubby and i talked about this more than once over the weekend...the walmartization of our economy, with the big fish gulping up the small.

[dellinger63]

Originally Posted by jms62

Oligarchy

We are becoming third world where a few in business are disgustingly wealthy and they buy the politicians to rig the rules to make themselves even more wealthy. Death Spiral if you ask me.

Hey Chicken Little,

The other side.

We consider 'poor' for a single person at $11,670 or under and that comes out to $40/day.

Give me some stats on how close we're becoming a third world country, or even close to one.

P.S. the sky isn't falling!

As demonstrated earlier if only minimum wage and US median income had kept up with increases to welfare since 40 years ago we'd be at $24/hr. plus minimum wage and $150K plus US median income.

Then again we are the most generous country on earth despite the inability of 25% of our citizens being unable to graduate from high-school.

Take another bow America you deserve it!

[jms62]

Originally Posted by dellinger63

Hey Chicken Little,

The other side.

We consider 'poor' for a single person at $11,670 or under and that comes out to $40/day.

Give me some stats on how close we're becoming a third world country, or even close to one.

P.S. the sky isn't falling!

As demonstrated earlier if only minimum wage and US median income had kept up with increases to welfare since 40 years ago we'd be at $24/hr. plus minimum wage and $150K plus US median income.

Then again we are the most generous country on earth despite the inability of 25% of our citizens being unable to graduate from high-school.

Take another bow America you deserve it!

Truly amazing. Again my point goes flying over your head. rudeboy had no problems grasping it. Always debating an issue that no one is talking about.

http://gofrontrow.com/en/reading-com...FU4aOgodmCAAtg

[dellinger63]

Originally Posted by jms62

Truly amazing. Again my point goes flying over your head. rudeboy had no problems grasping it. Always debating an issue that no one is talking about.

Your point has no factual basis other than rude and some author trying to push a book. Kind of like the guy who says bet the grays.

Again show me a third world country's poverty threshold stats, any third world country and show me how close we are.

Which was your point, no?

[jms62]

Originally Posted by dellinger63

Your point has no factual basis other than rude and some author trying to push a book. Kind of like the guy who says bet the grays.

Again show me a third world country's poverty threshold stats, any third world country and show me how close we are.

Which was your point, no?

No it wasn't my point and I am done with you. Waste of everyones time continually having to dumb down the conversation. You need to drop down the claiming latter of discussions. Let me guess, you've been drinking.

[dellinger63]

Originally Posted by jms62

No it wasn't my point and I am done with you.

Yea stats and facts don't matter when there's a movement.

Put your fingers in your ears while you go blah, blah, blah

And resurrect Occupy

[dellinger63]

Originally Posted by jms62

. You need to drop down the claiming latter of discussions. Let me guess, you've been drinking.

You need to come up with something, anything to substantiate your rants.

You start a post with “Oligarchy, We are becoming third world” yet that is not your point?

When I started my post, “Chicken Little” that was my point and it has been confirmed as correct by your inability to do anything but put your fingers in your ears and make believe my reasoning was achieved through a bottle instead of reality based facts.

[Danzig]

Originally Posted by jms62

No it wasn't my point and I am done with you. Waste of everyones time continually having to dumb down the conversation. You need to drop down the claiming latter of discussions. Let me guess, you've been drinking.

Been there......

[Danzig]

Originally Posted by Rudeboyelvis

#1 on Amazon's best seller list


>>>...In Piketty's view, backed by centuries of data on wealth and economic growth, the typical outcome of unfettered capitalism is rising income inequality. Piketty says the world's biggest economies have to do something, like impose a global tax on capital, to stop it. As Piketty said in an interview with HuffPost Live last week, income inequality is only getting started, and this century could look a lot more like the deeply unequal 18th and 19th centuries than the more-egalitarian 20th....<<<


http://www.huffingtonpost.com/2014/0...n_5191566.html

i'm reading the slate article about the book now. need to get it along with my penman book i'm ordering. piketty was one i saw referenced in my thursday posts on this thread. wasn't able to copy/paste because i was on my new phone, and i haven't figured out all that crap yet!


'A 2013 study by Thomas Piketty, Emmanuel Saez et al., notes that the rise in the share of total annual income received by the top 1%, which has more than doubled since 1976, has had a significant effect on overall income inequality. It states: "It is tempting to dismiss the study of this group as a passing political fad due to the slogans of the Occupy movement or as the academic equivalent of reality TV. But the magnitudes are truly substantial."[46] Also in 2013, the Economic Policy Institute noted that even though corporate profits are at historic highs, the wage and benefit growth of the vast majority has stagnated. The fruits of overall growth have accrued disproportionately to the top 1%'.