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BS: 58% Say The Rich Deserve Their Wealth
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,999 Date: 17 Jul 12 - 02:22 PM "The job of caring for the bottom 5% once fell to churches" True, but that five percent is now 25%. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: pdq Date: 17 Jul 12 - 02:41 PM Can you support that number? The US has 8% unemployment (the government wouldn't lie to us, would it?) and 14.8% of us are on food stamps. Either of those numbers could be used to show the dependancy/poverty rate. BTW, all countries and all societies need poor people. That is just a fact, and it is absurd to blame all flaws in human society on Republicans. We had so few poor folks in the US that we started actively recruiting them from Mexico. White kids don't pick crops, make hotel rooms or clean restrooms. Beneath their dignity. For 50 years the White kids have been smoking dope, whining about the "rich people" and trying to earn their bucks by playing an electric guitar. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,Guest from Sanity Date: 17 Jul 12 - 02:55 PM Stim: "For good or ill, it is capital that made this country affluent. Capitalism isn't evil, but it is amoral, which means that to prevent harm, it needs to regulated, and way more than we do now." You must be another citizen of 'Sanity-Land'!! ...a foreigner to this shit! Nice to see a fellow citizen. GfS |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Stringsinger Date: 17 Jul 12 - 04:26 PM I would argue that it was not capital that made this country affluent but the industry of the working class that supported the capitalists who took advantage. I agree that it needs to be regulated. There is no legitimate concept that people are helpless without the government. The people are the government and the representatives should work for the people. Any realistic advance in social development comes from the people who push the government along lines of advancement bottom up. This is why the grass roots are so important and not the politicians who supposedly serve the people. It is irrelevant where the first food bank came from. The important thing now is the Occupy has created many food banks and is actively feeding those in need. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,999 Date: 17 Jul 12 - 04:31 PM Occupy is doing something valuable, but until it presents itself as an alternative to Republicans or Democrats, it isn't really doing much except postponing the inevitable. PDQ, you think you have a logic in that last post. I fail to see it. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: McGrath of Harlow Date: 17 Jul 12 - 04:55 PM America had the combination of enormous available natural resources and millions of hardworking immigrants. Organising things to use that combination productively meant that some people fund themselves in a position to exploit their fellow citizens and appropriate a vast proportion of the wealth produced - and they used that opportunity ruthlessly. And that is the form of capitalism which has achieved godlike status in the American psyche. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 17 Jul 12 - 05:15 PM Yo, Stim... The facts I have provided are from the largest newspaper in North Carolina, the "Charlotte Observer"... Not "some magazine"... Read for comprehension before offering your critiques, por favor... B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,Stim Date: 17 Jul 12 - 06:09 PM We did and do have the natural resources, but it takes capital to develop industries in order to exploit those resources. Only after capital is used to develop industry is there anywhere for hardworking immigrants to work. That's why we need the rich--they have the capital. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,999 Date: 17 Jul 12 - 07:12 PM Stim, you are correct as far as you go. There has to be cash to get stuff going. I would expect as an investor in a project to realize a reasonable profit. Pick a number that's reasonable. If all my money is in the project I would expect a living wage and a modest 10-15%. If I am shilling for many other people who also expect 10-15%, the cost is going up. However, cash without workers doesn't mean much--nor does workers without cash. Truthfully, I wouldn't want government help or big money help. Help from those bastards is like asking your favorite gang leader for a favor. He may come through, but you'll be on the hook for a long, long time. I do see where you are coming from, Stim; I appreciate your views and equanimity. But realities for the bottom 25% are very different. Theirs is a world of deprivation and subsistence where life is gauged to be a success if ya wake up in the morning. My issue with both rich and poor people is this: if the rich weren't so rich, the poor wouldn't be so poor. The world of finance has become a monster that eats its young--or more to the point, our young. Wars fed by our money and our kids; realities paid for with our money, not theirs. This is rampantly stupid. If I had a dog that was as crazy as this I'd shoot it. As a BTW, I am the top end of poor. I am not complaining. But when people who have less than I do make it day to day, I sometimes wonder why they want to (I don't wonder at how they do). People who used to eat from plates, no matter how cracked, washed-out or faded, ate. These days there are just too many empty plates. Best regards to you. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Jack the Sailor Date: 17 Jul 12 - 07:19 PM >>We did and do have the natural resources, but it takes capital to develop industries in order to exploit those resources.<< I totally believe in capitalism. I don't believe in oligarchy. It takes some Capital. But we have something called public ownership of companies. Workers can own stock. It does not require that we have People as rich as the Kochs or the Waltons or even Mitt Romney. This country was most prosperous and had the best growth when the top marginal tax rate was near 90% and there was a hefty estate tax. Bill Gates and Steve Jobs would have been just as innovative for 1 tenth the money. Lebron James would play basketball for 2 million a year instead of twenty. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 17 Jul 12 - 07:21 PM What we have after 30 years of union busting is a 40% increase in worker productivity and 0% in increased wages (after inflation)... Who is benefiting??? Guess... Hint: Ain't the 99%... B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,999 Date: 17 Jul 12 - 08:02 PM What is more deplorable than 'union busting' is worker devaluation. What we have now is people thinking that unions have broken the worker market. That is untrue. The worker owners are spending billions NOT to break unions, but rather to break workers. As a worker, I suggest fuck you as appropriate response. I am not going to help. I will not vote for you, I will not depend on you for my subsistence. You do not exist in my world. In short, kiss mine for a change. And when your investment fails, blame me. I'm used to that--but it just don't work no mo'. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: pdq Date: 17 Jul 12 - 08:03 PM GUEST,999 says we have 25% poverty and B-pert says it is 50%! Amazing claims since the semi-official poverty line is $12,000 a year for a single self-supporter and $22,000 for a family of four, assumed to be a husband a wife and two children. That translates to $1000 per month for the single, a figure that qualifies you for food assistance and some other government support systems. The $12K single/$22K family criterion represents 15 percent of the US population. 15 percent of 320 milion people is about 48 million total.. That is the same number of people who get food assistance right now, say to the tune of $160-200 per month. Effectively, that is $1000 income plus $200 Food Stamps or $1200 per month, or $14,400 per year. As GUEST,Patsy said (before being rudely treated) is that just ain't poverty in a world where $1.25 a day is the current poverty line. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Jack the Sailor Date: 17 Jul 12 - 08:19 PM "Amazing claims since the semi-official poverty line is $12,000 a year for a single self-supporter and $22,000 for a family of four, husband a wife and two children." "Semi-official?", is that like nearly pregnant? "assumed to be" So three kids and a mom aren't a family? Andy, Opie and Aunt Bee weren't a family????? Say it ain't so say it ain't so!! "a world where $1.25 a day is the current poverty line." That is Mitt Romney World. "Why yes Anne, we'll give the poor in this country the chance to earn $2.50 per day in sweatshops and at twice the world poverty threshold. They should be able to live comfortably on that!" five minutes later... "500 dollars a day for board and grooming? Our precious dancing horse is worth every penny." |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 17 Jul 12 - 08:20 PM The official poverty threshold numbers are so outta whack it is laughable... No, it isn't... It's cry-able... $22,400 a year for a family of four??? I'd love to see anyone's budget on what the Repubs want people to have to provide for themselves on that amount while providing for all the privatized stuff they have in mind for America, including retirement and education for their kids... Yes, please anyone... Post your budget... B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,999 Date: 17 Jul 12 - 08:33 PM My budget is rent, electricity bill and food. What's yer's? |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: pdq Date: 17 Jul 12 - 08:43 PM Same plus beer. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 17 Jul 12 - 08:53 PM Transportation... Kids expenses... Insurance.... Retirement... I know, what's that??? Taxes??? Clothing??? Health care??? BTW, as long as one rents there can never be reitirement... Entertainment, even if it means renting a movie once a month... Internet, TV... Charity??? Never mind... Lot goes into budgeting other than rent, electricity and food, especially when ya' 2 kids and a wife... $22,400... Anyone want to step up??? B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Jack the Sailor Date: 17 Jul 12 - 08:54 PM $1.25 a day don't by much beer. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,999 Date: 17 Jul 12 - 09:07 PM "As GUEST,Patsy said (before being rudely treated) is that just ain't poverty in a world where $1.25 a day is the current poverty line." GUEST Patsy ain't living on $1.25 a day, is she! |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Greg F. Date: 18 Jul 12 - 09:44 AM White kids don't pick crops, make [up ] hotel rooms or clean restrooms. Complete bullshit, PeeSDee, as is the rest of that posting of yours. As usual. Be happy to show you plenty of white kids doing exactly those things if you'd care to drop by. As for the rest of your bullshit, its not worth responding to. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,Stim Date: 18 Jul 12 - 01:07 PM JtS-I understand your points, and tend to agree with them. Another problem we have is that the long term capital gains tax is lower than the tax on earned income(15% vs 25-35% for median income and above). If your Great, Great, Great Grandfather sold enough shoe polish to buy half of a swamp that is now a financial district, and you spend your days having bon-bons and champagne on your yacht, you'd pay $60k on the $400k you "earned" from investments. If, on the other hand, you're doctor who saves hundreds of lives everyday (@ $10 each), you'd pay $140,000 tax on that same $400k. If you were the doctor, you'd figure out pretty fast that you'd do better to invest your money than to work for it. If you were the bon-bon guy, you'd just smile and keep getting richer. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Jack the Sailor Date: 18 Jul 12 - 01:36 PM And... You get the same tax benefit investing it in China, which does nothing for our economy, or worse, in commodities or real estate speculation which actually damages our economy. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Rapparee Date: 18 Jul 12 - 02:49 PM 1. The rich deserve their wealth, whether they worked for it or not. 2. They are entitled to it. 3. I thought lots of Congressfolks were against entitlements. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 18 Jul 12 - 07:26 PM Well, first we had to debunk the 58% approve which ended up more like 15% and this finally is settling down to how the richest country in the world distributes its riches among it population... Right now??? We are doing a very poor (pun intended) job... B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: McGrath of Harlow Date: 18 Jul 12 - 07:28 PM "Capital" is just numbers written in a column in a bank. When they want more they just write more numbers. They use words like "leveraging" and "quantative easing", but it's just nunbers written down in a column in a bank. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,Stim Date: 18 Jul 12 - 07:48 PM Getting back to the original, stupid, question, let's consider what it means, reductio ad absurdum, if necessary. The question was, "Most rich people in my country deserve their wealth". For the purposes of this discussion, I am going to use information from this article Who Rules America by G. William Domhoff, a professor of Sociology at UC Santa Cruz (the leftmost city in the US). OK, he doesn't have the credibility of the Charlotte Observer, but what do you want, egg in your beer? He says: "In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers)." OK!!! It makes me want to start singing "The Banks are made of marble", or "Joe Hill" or the first verse of "The Internationale". Do those upper class parasites deserve to own most of the wealth! HELL NO!!! But wait, actually, according to our "Leftest City In America" Sociologist(who might even be a Marxist!!) they *don't* own most of wealth. Managers, professionals, and small business folks own 50%, and wage and salaried workers own 15%, meaning that folks who work for a living own 65% of the wealth. Now, given that both Common Law and the Constitution affirm the you have a right to hold private property, in other words, that you deserve to have whatever wealth you have, the fact is that 42% of the population don't think that the rich should have their wealth, and a lot of the rest only think it's sort of ok. Does anybody ask if the white collar workers deserve their wealth, or if the hardhats and factory workers deserve their wealth? |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 18 Jul 12 - 07:59 PM No, Stim... Read for comprehension here... Go to the original poll... Read it... The 42% you throw around as if is the Holy Grail isn't 42% at all... Nor is the 58% who believe that these folks "deserve" their wealth... Actually the poll never got around the real percentage of "agree" because it combined "strongly agree" and "somewhat agree"... In other words, another completely bogus poll... B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST Date: 18 Jul 12 - 08:17 PM I said it was a stupid question, Bobert. Maybe you should read for comprehension:-) |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Jack the Sailor Date: 18 Jul 12 - 08:31 PM Wealthy is a relative term. Most of the wealthy got it from their relatives! |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 18 Jul 12 - 09:23 PM It was not only a stupid question but stupid methodology... B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,Stim Date: 18 Jul 12 - 09:53 PM It wasn't a stupid question to someone, because they paid to have the survey done; they seem to have been paying to have the survey done for quite a number of years. I don't think it was Sawzaw... |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,Stim Date: 18 Jul 12 - 10:00 PM As to relative wealth, it comes from not giving it to your relatives. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Sawzaw Date: 19 Aug 12 - 01:11 PM "because it combined "strongly agree" and "somewhat agree"... In other words, another completely bogus poll..." For a person that claims to be highly educated in stats, Bobert exhibits an ignorance about polls. The poll also combined "strongly disagree" and "somewhat disagree" to arrive at the real percentage of people that disagree. I believe Bobert graduated from Blowhard University. Majoring in how to bullshit your way without having any proof of anything. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 19 Aug 12 - 01:34 PM Blowhard U beats out yer Retard U, Sawz... Here's an idea for ya...Why not take some real college classes in a real college so you wouldn't continually prove just how little you know or understand about the real world... But you won't do that because you are Exhibit A thru Z that "ignorance is bliss"... You must be one very happy man... B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: GUEST,999 Date: 19 Aug 12 - 10:08 PM "Subject: RE: BS: 58% Say The Rich Deserve Their Wealth" Predicate: RE: BS: The other 42% say that if God meant humans to fly we would have been born with wings. Republicans were vocal on the issue because they wanted to add their two percent but a mathematics guy said there was no place to put it. Democrats were strangely silent after suggesting in an off-camera remark that they knew where it could be put. Libertarians were once again doing a Dali and the Greens refused to comment except to say, "What?" An independent candidate who wanted to express his views was declined an interview because he could not ensure he'd avoid the word 'fuck' while on air. He couldn't offer assurances about what might happen if he got high on grass before the interview. NORAD had not returned our call by publication deadline. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: SPB-Cooperator Date: 20 Aug 12 - 03:35 AM I have no problem with 6 billion people being equally wealthy |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Henry Krinkle Date: 20 Aug 12 - 04:57 AM They sure as hell never deserved a bailout. Rich crybabies. (:-( P)= |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Owen Woodson Date: 20 Aug 12 - 05:33 AM Forgive me. I'm lost. 1. Does this 58% include the rich, in which case the survey results are skewed? 2. Does the unskewed portion of the 58% think that all of the rich deserve all of their riches? If so that must include every wealthy gangster, drug dealer, fraudster, slum landlord etc? 3. If they don't, then which portion of the rich are the deserving? Is it limited to those who acquired their riches through honest toil? If so, what about the people who likewise spent their lives in honest toil and left this world as poor as the day they entered it? 4 Does it include all the bankers who nearly brought the world economy to its knees, and may yet succeed in doing so. 5. Does it include lottery winners and other people who have acquired their wealth fortuitously? 6. Does it include people who were born into riches and who therefore did nothing to enter the echelons of the wealthy? 7. Does it mean the rest of the world deserves its poverty? I'm curious because I've just had a call from one Lewis Carroll asking if I know what's happened to his white rabbit. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Dave Hanson Date: 20 Aug 12 - 07:13 AM You can tell Gods opinion of money by the people he gives it all to, I've heard this credited to Ewan MacColl but I'm not 100% sure. Dave H |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 20 Aug 12 - 09:57 AM As I pointed out earlier, the study is bogus... The pollsters took two categories "deserve" + "somewhat deserve" to get to 58%... "Somewhat deserve" does not = "deserve" as it implies "Somewhat don't deserve"... Stats 001 (bonehead stats, remedial, non credit) B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Sawzaw Date: 20 Aug 12 - 11:38 AM Dear blind Bobert: Evidently you learned to read at Blowhard U. There were four categories. None of them mentioned deserve. strongly agree somewhat agree somewhat disagree strongly disagree By your boneheaded Blowhard U logic, "somewhat disagree" would would also imply "Somewhat agree" Did you even bother to look at the study? Typical Blowhard procedure. Do not even look at the thing they are discussing and act as if they know all about it. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 20 Aug 12 - 01:14 PM Yo, Retard alum... "Somewhat agree" and "somewhat disagree" are the same... It's like "partly cloudy" or "partly sunny" or... The glass is "half full" or "half empty"... Any pollster who actually passed Stats 201 (3 credits) wouldn't have *deducted* that "somewhat agree" = agree and would have designed a poll that was more academically honest... Of course, that pollster might have been one of your classmates at R.U.??? B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Sawzaw Date: 20 Aug 12 - 02:05 PM So if the two questions are the same, how come people answered them different? How would you answer the two? The same? Check both? One or the other? Oh I forgot, you are a blowhard the never commits to an answer. Any 9 year old kid would know the difference between somewhat agree and some what disagree and they would be smart enough not to confuse deserve with agree. Also they would have enough computer skills to know how to emphasize a word without using ** like they did in the mainframe 60's But there was arrested development at Blowhard U. They still believe that the West Bank is no larger than Washington DC at Blowhard U. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Little Hawk Date: 20 Aug 12 - 03:00 PM Do you think, Sawzaw, that the poll you quote from was an exercise that would benefit people in any way...or one which would further divide them against one another? Are most polls anything more than an attempt to push some kind of agenda, score some kind of propaganda point for somebody, and manipulate people's views? Should we even have them? Do they do more harm than good? What do you think? Pre-election polls, for instance, can often influence voters to vote...or not to vote...depending on which way they think the wind is blowing. They'd rather vote for a "winner" than for a "loser", so they'll jump ship or even change sides if they think their candidate is losing ground. Do you think that's a good thing? I don't. I would prefer a society where we had no polls. Also, the questions are often overly simplistic, encouraging a knee-jerk response rather than careful thought, and they're often worded to solicit a pre-determined response, and that misleads people. I regard polls kind of the way I do legalized gambling, I think they're a vice that greatly harms a society. One poll I am in favour of, however: exit polls at elections. They can help to expose voting fraud. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Sawzaw Date: 20 Aug 12 - 03:22 PM What polls do is give some interested party an indication of what people think. I do not let Polls influence my opinions. I weight the facts and form my own opinions regardless if I am in the majority or not. There is still nothing to make people tell the truth when exiting. They can say anything they want. Especially if they think they are under peer pressure. Do you, LH, believe Obama deserves his wealth? |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Little Hawk Date: 20 Aug 12 - 04:02 PM Sawzaw, I honestly don't know enough about Obama's wealth to offer an opinion about that. In any case, I have no particular reason to be defending him. I'm very disappointed in what he's done while in office, I'd probably be even more disappointed by what the Republicans would do in his place, but that's merely hypothetical. Obama in office IS the present reality, and I find little or no reason to be pleased with his performance there...much as I found little or no reason to be pleased with Bush when he was in office. You're right that people can lie at exit polls, but I doubt that most of them would. They can also lie to any other poll, and there may be a few who do, but I doubt that most do. Most people can't wait to express their opinion about anything when asked...they're so damn proud of it!...so they usually DO say what they really mean. ;-) See what I'm getting at? Are you sure that polls have NO influence on your opinions? How about on your level of confidence, your mood, etc? Most people find it somewhat discouraging and depressing if a poll seems to say that their viewpoint is not favored by a majority of their fellow citizens. If they get discouraged enough, then they may not vote. Again...see what I'm getting at? The political parties worry about that a lot, and it's not surprising that they do. They FEAR their supporters losing confidence! I can well understand that an interested party wants to gauge the public mood. That's fine. I just don't think the results should then be openly publicized and used as a proganda device in order to further manipulate the public mood. And they are. Continually. It's a game. We deserve better than a game when it comes to public service, and the politicians are supposed to be (cough! cough!) public servants. But in reality they're not. They're servants of the elite whose ranks they come from. And that has become more and more obvious in the last few decades. Or maybe it was always obvious, and we (the aging demographic of the 50s and 60s) have by now seen enough time and experience go by to realize it. What you have a choice of at election time is to vote for one half of the elite...or the other half of the elite...both of whom pretend they are for "the little guy". An elite that pretends to represent the general public, but that represents only itself and its own interests. Obama is part of that elite. So is Romney. So is pretty well anyone who ever gets to run for president or for the Senate. And so are most of the Representatives (although the odd one might slip through who is not really from the elite...but so few of those do that it makes little difference). It takes a lot of money and a lot of friends to win an election campaign. Most of it comes directly from...the elite. Remember...in your elections I have no horse to back. I have no reason to be defending Mr Obama, and I have no reason to be backing Romney either. They're both snake oil salesman to me. I feel about them the way you might have felt about 2 Russian Communist Party leaders who were jockeying to be the next Premier of Soviet Russia after Brezhnev or Krushchev. When you totally disbelieve in an existing governmental system somewhere...why would you favor one of its creatures over the other? |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 20 Aug 12 - 06:10 PM Enroll in a basic stats course, Sawz, at your local community college... The one you took at R.U. didn't teach you anything about polls or stats... BTW, I needed to have 6 credit hours in addition to two semesters of Econ in order to fill out my certification to teach high school economics... Yeah, there weren't alot of high schools that offered economics but some actually did... Stats was approved so I took it... I understand this stuff... I also enjoyed my professor who on Day One went to the chalk board and proved that 2 = 1... He wanted us to see just how stats could be manipulated... I have never forgotten that lesson... B~ |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Musket Date: 21 Aug 12 - 04:43 AM For me, the issue is not so much wealth, but what to do with it. Money is a barter based abstraction, nothing more, nothing less. So in order for money to actually be money, it needs to be bartering. Simple. Hence mega rich people sitting on, we are told, trillions is a bit obscene if governments are having to print money to kickstart economies. The only reason quantative easing isn't causing hyper inflation is that it is replacing money that is being taken out of the system when the mega rich squirrel it away. Deserving etc is one argument. The effect is another. |
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Subject: RE: BS: 58% Say The Rich Deserve Their Wealth From: Bobert Date: 21 Aug 12 - 09:31 AM Exactly, Musket... GNP is a measure of how many times a dollar is passed... It's called the multiplier effect... If that dollar isn't spent then it is a drain on the GNP and therefore contracts the economy (i.e. "growth")... Having $2T taken out of the US economy is taking a major toll on the US economy... I'd say that if they won't invest it then that money should be nationalized and put into repairing the crumbling infrastructure that these people depended on to earn (poor word) that $2T... And... ...200... B~ |
