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Old 01-30-2014, 11:29 AM  
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If we want more income equality.....

If we want more income equality, should we return to the economy of George W. Bush?
BY JIM LINDGREN
January 28 at 5:41 am

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Other things being equal, income equality is better than inequality. But other things are NOT equal. The easiest way to make incomes more equal in the short run is to have a recession.

Much has been made of growing income inequality since 1979, but very little attention has been paid to which of the four presidental administrations preceding Barack Obama increased income equality and which ones reduced it. In short, the two presidents whose terms involved improving income equality were the two George Bushes and the two whose terms were associated with worsening after-tax income equality were Ronald Reagan and Bill Clinton. It is probably not an accident that the two presidents in whose administrations the GDP grew the most were the two presidents whose time in office coincided with worsening income equality.

The president under whom the poorest quintile enjoyed the largest increase in after-tax household income was George W. Bush. And the two administrations under whom the richest quintile and richest 1 percent fared the worst were the two Presidents Bush. Among Barack Obama’s four immediate predecessors, the two biggest income equalizers were George H.W. Bush and George W. Bush.

Just to be clear, I am not pining for the good old days of the economy of George W. Bush.


But George W. Bush was the most successful of our recent past presidents in achieving very substantial increases in incomes for the poorest quintile (+18.4%), while keeping gains for the richest quintile and richest 1 percent at modest levels. For example, under Bush the Younger, the incomes of the richest 1 percent rose only 6.5 percent in eight years, compared to a staggering 84 percent under Clinton and 91 percent under Reagan.
If you would rather have Bill Clinton’s economy than George W. Bush’s economy – and I definitely would – then as a practical matter you probably don’t care overmuch about income equality.

http://www.washingtonpost.com/news/v...george-w-bush/
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Old 01-31-2014, 10:06 AM   #91
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Quote:
Originally Posted by Loneiguana View Post
Nobody does except for maybe actual communists.. and even then I doubt it

But conservatives can only win arguments when the write the script for their opponent.

So they turn discussing wealth inequality and the lack of growth for the middle and lower classes into "derp derp, you want income equality."
IOW - "You are probably going to say something stupid, so I'll argue that rather than what is actually being discussed."
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Old 01-31-2014, 02:25 PM   #92
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Quote:
Originally Posted by patteeu View Post
You've identified stupidity (real or feigned) on the wrong side of that exchange. No where have I or anyone else in this thread said the goal is complete income equality. That's a red herring contributed by cosmo.
That you replied to implying that it is because of talk about wealth inequality.

So, if you don't want that to be implied, why did you respond to his question about income equality with a statement about all the talk income inequality has gotten?

Because you didn't say that the goal wasn't complete income equality. You said it was coming up because of the discussion of inequality.

So I asked, how does talking about income inequality = income equality?

Do you have a problem remembering your own words you typed?
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Old 01-31-2014, 02:30 PM   #93
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Originally Posted by FishingRod View Post
That sounds nice and all but if you cut through the BS what people really want is for “their” income to grow. As a middle class guy ( whatever that is) I would far prefer my income to grow at a 25% rate with the Rich guy growing at a 50% rate than I would for mine to grow at a 5 % rate and the Rich guy decline at a 50% rate. The income inequity BS being pushed by the politicians is an attempt to make people think their situation is unfair and that it is someone else’s fault.
Schadenfreude in this country is strong and the only thing better than “ME” getting something, is to watch someone else get screwed where they have to pay more or can’t get to do as they wish. Luxury Taxes on Private Jets and boats such would be a fine example of this.
What getting screwed looks like:




I would think most workers would believe being paid less every year while producing more is not only unfair, but getting screwed, while someone else profits off your labor.
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Old 01-31-2014, 02:31 PM   #94
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Originally Posted by HonestChieffan View Post
http://www.marketwatch.com/story/the...6?pagenumber=1

This entire issue is cooked up by the Democrats. There is income inequality. That is a fact. There will always be. To assign evil to it and use it as a political weapon is and always will be a democrat/left approach. It was a central tenant in Marx's writings. One does not have to be a Marxist to use the issue but it was central in his work.

The silly charts and name calling omits any factors that erode the narrative.
That article is just bad. You should feel bad for reading it.

It tries to say spending hasn't decreased, so there, wealth inequality hasn't increased... without any context to the massive debt the middle class has taken on... and that is only one thing wrong with that article.
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Old 01-31-2014, 02:49 PM   #95
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So why would you support Obama if this matters to you? Surely you see the issue there.
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Old 01-31-2014, 03:00 PM   #96
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Quote:
Originally Posted by Loneiguana View Post
That article is just bad. You should feel bad for reading it.

It tries to say spending hasn't decreased, so there, wealth inequality hasn't increased... without any context to the massive debt the middle class has taken on... and that is only one thing wrong with that article.
Reread it. It does nothing that you said.
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Old 01-31-2014, 03:02 PM   #97
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Quote:
Originally Posted by Loneiguana View Post
What getting screwed looks like:




I would think most workers would believe being paid less every year while producing more is not only unfair, but getting screwed, while someone else profits off your labor.
Did someone tell you life was fair? They lied.
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Old 01-31-2014, 04:20 PM   #98
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Quote:
Originally Posted by Loneiguana View Post
That you replied to implying that it is because of talk about wealth inequality.

So, if you don't want that to be implied, why did you respond to his question about income equality with a statement about all the talk income inequality has gotten?
You guys sure are confused about your own talking points.

Quote:
Originally Posted by Loneiguana View Post
Because you didn't say that the goal wasn't complete income equality. You said it was coming up because of the discussion of inequality.

So I asked, how does talking about income inequality = income equality?

Do you have a problem remembering your own words you typed?
The thread title makes it pretty clear that complete income equality isn't the topic. This whole angle is either a very lame attempt on your part to mischaracterize the critique in order to avoid discussing the actual (democrat-driven) issue or it's a pathetic comment on your reading ability.
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Old 01-31-2014, 04:26 PM   #99
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I bet when John Kerry was 18 he was just like Lone. He got lucky and married mega wealth. Lone needs to get busy finding an airhead with mega wealth and a bad heart.
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Old 01-31-2014, 05:48 PM   #100
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[quote=Loneiguana;10404481]What getting screwed looks like:




I would think most workers would believe being paid less every year while producing more is not only unfair, but getting screwed, while someone else profits off your labor.[/QUOTE

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Old 01-31-2014, 05:53 PM   #101
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Quote:
Originally Posted by patteeu View Post
You guys sure are confused about your own talking points.



The thread title makes it pretty clear that complete income equality isn't the topic. This whole angle is either a very lame attempt on your part to mischaracterize the critique in order to avoid discussing the actual (democrat-driven) issue or it's a pathetic comment on your reading ability.
It's sort of bizarre how he and cosmo are now fixated on that language. It almost seems like there must have been a blog entry on Huff Post or Thinkprogress saying that Republicans are using "income equality" as a talking point, because they both seem suddenly fixated on it.
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Old 01-31-2014, 05:57 PM   #102
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It's sort of bizarre how he and cosmo are now fixated on that language. It almost seems like there must have been a blog entry on Huff Post or Thinkprogress saying that Republicans are using "income equality" as a talking point, because they both seem suddenly fixated on it.
It is simple. Its a created issue that sounds so cool when its income inequality. But if changed to income equality its a huge ugly turn off.

Lefty created issue becomes quite a quagmire when they need to defend it. Note only Kotter, Cosmo, and Lone wade in on it. All 3 are committed to their current state being the fault of others.
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Old 01-31-2014, 06:02 PM   #103
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Yeah, for all the guff Walmart and McDonalds gets, they employs people where they live.
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Old 01-31-2014, 06:02 PM   #104
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Quote:
Originally Posted by HonestChieffan View Post
It is simple. Its a created issue that sounds so cool when its income inequality. But if changed to income equality its a huge ugly turn off.

Lefty created issue becomes quite a quagmire when they need to defend it. Note only Kotter, Cosmo, and Lone wade in on it. All 3 are committed to their current state being the fault of others.
I said before that "income inequality" is a stupid term.
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Old 01-31-2014, 06:07 PM   #105
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I said before that "income inequality" is a stupid term.
What does that mean? Is your opinion some sort of measurement? Who actually other than you sees your opinion as anything of value?
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Old 01-31-2014, 06:11 PM
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