if walmart paid a living wage

[GenuineRisk]

Originally Posted by jms62

And meanwhile everyone is missing the real problem which is the gutting of the middle class. The middle class that buys a hell of a lot more cars, houses,ovens, etc. then the top and bottom combined. Who is going to buy your products Mr. CEO when your customer or their customer has no job. Those on these boards that think their job is immune are whistling by the graveyard.

This. The amount of labor required to build a $100,000 car versus a $20,000 is minimal, compared to the amount of labor required to build 5 $20,000 cars versus one $100,000 car. The middle class will consume more than the wealthy, because there are more middle class. That's more money continuing to flow through the economy, instead of being socked away.

Call the ultra wealthy what they really are: hoarders.

[Danzig]

Originally Posted by GenuineRisk

This. The amount of labor required to build a $100,000 car versus a $20,000 is minimal, compared to the amount of labor required to build 5 $20,000 cars versus one $100,000 car. The middle class will consume more than the wealthy, because there are more middle class. That's more money continuing to flow through the economy, instead of being socked away.

Call the ultra wealthy what they really are: hoarders.

true.
a million dollars in the hands of a millionaire sits in a vault.
take that million and spread it out to the rest of the country, it gets spent.

it just boggles my mind that people are perfectly ok with pay to the top skyrocketing, while the rest of us are supposed to be happy with the crumbs. that people explain away stagnating wages-while the money is still there, it just goes to the very few now.
what changed? why are the mindsets of the businesses changing? why don't they view it like henry ford, where the workers have to be able to afford the products they make?


i think another round of tax cuts to the wealthy is the answer. it's bound to work eventually.

[jms62]

Unfortunately I think as a country we are headed towards bloodshed. The sky has been falling for sometime.

http://www.priceactionlab.com/Blog/2...y-bull-market/

[Rudeboyelvis]

Originally Posted by jms62

Unfortunately I think as a country we are headed towards bloodshed. The sky has been falling for sometime.

http://www.priceactionlab.com/Blog/2...y-bull-market/

Be careful there, you'll be labeled a conspiracy theorist

This has been the FED model ever since the collapse of the economy and subsequent "propping-it-back-up" with borrowed money.

You never see Obama talking about restoring the middle class, only "creating good paying jobs". It is not in the government, nor the FED's interest to create policies that restore the middle class. Quite the opposite, actually. We discussed Thomas Pikkety's book in the last thread this topic came up in, I'd really suggest anyone that has an actual interest in the fundamental cause/effect of Capitalism run amok take some time to read it. There's only like 800 years of data that points out precisely what happens next (believe it or not, we're not the first ones to be in this current state)

Of course it is sooooo much easier to blame the big ole' meanies that run Walmart because they hate 'Merica.

[Pants II]

the rule makers don't care. The choice was made.

Technology won. We lost. The end.

[Danzig]

Originally Posted by Rudeboyelvis

Be careful there, you'll be labeled a conspiracy theorist

This has been the FED model ever since the collapse of the economy and subsequent "propping-it-back-up" with borrowed money.

You never see Obama talking about restoring the middle class, only "creating good paying jobs". It is not in the government, nor the FED's interest to create policies that restore the middle class. Quite the opposite, actually. We discussed Thomas Pikkety's book in the last thread this topic came up in, I'd really suggest anyone that has an actual interest in the fundamental cause/effect of Capitalism run amok take some time to read it. There's only like 800 years of data that points out precisely what happens next (believe it or not, we're not the first ones to be in this current state)

Of course it is sooooo much easier to blame the big ole' meanies that run Walmart because they hate 'Merica.

Was going to order that, thanks for reminding me.

[jms62]

Originally Posted by Rudeboyelvis

Be careful there, you'll be labeled a conspiracy theorist

This has been the FED model ever since the collapse of the economy and subsequent "propping-it-back-up" with borrowed money.

You never see Obama talking about restoring the middle class, only "creating good paying jobs". It is not in the government, nor the FED's interest to create policies that restore the middle class. Quite the opposite, actually. We discussed Thomas Pikkety's book in the last thread this topic came up in, I'd really suggest anyone that has an actual interest in the fundamental cause/effect of Capitalism run amok take some time to read it. There's only like 800 years of data that points out precisely what happens next (believe it or not, we're not the first ones to be in this current state)

Of course it is sooooo much easier to blame the big ole' meanies that run Walmart because they hate 'Merica.

High stakes musical chairs where 95% of Americans don't even have a chance to chase the remaining chairs.

[Rudeboyelvis]

Originally Posted by jms62

High stakes musical chairs where 95% of Americans don't even have a chance to chase the remaining chairs.

The first thing I'd recommend investigating and am personally considering is changing 401K / IRA contributions to after tax. If you think the current tax rates on investments are high relative to income, think about the full blown Marxist/Socialist state you will be retiring into when they hit you for 74%.

[GenuineRisk]

Originally Posted by Rudeboyelvis

The first thing I'd recommend investigating and am personally considering is changing 401K / IRA contributions to after tax. If you think the current tax rates on investments are high relative to income, think about the full blown Marxist/Socialist state you will be retiring into when they hit you for 74%.

I don't think the current tax rates on investments are high relative to income at all. In fact, they are much too low, relative to income. Yet another way the rich stack the deck. They pay 20 percent tax for sitting around while money their great-grandad made ensures they don't have to do anything with their lives.

Lower tax rates on capital gains is merely welfare for the already wealthy.

[GenuineRisk]

Originally Posted by Rudeboyelvis

Of course it is sooooo much easier to blame the big ole' meanies that run Walmart because they hate 'Merica.

I don't think they hate America; they just love it less than they do their bank accounts.

We blame Big Business because Big Business IS the government. They bought it; they own it.