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Old 01-30-2014, 12:29 PM  
Prison Bitch Prison Bitch is offline
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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, 07:13 PM   #106
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Originally Posted by HonestChieffan View Post
What does that mean? Is your opinion some sort of measurement? Who actually other than you sees your opinion as anything of value?
Apparently you, because you often ask about it.

You posted this about 30 minutes ago.
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Id enjoy knowing your POV on the issue?
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Old 01-31-2014, 07:13 PM   #107
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Apparently you, because you often ask about it.
Then answer the question?
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Old 01-31-2014, 07:14 PM   #108
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Then answer the question?
I did.
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Old 01-31-2014, 07:36 PM   #109
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So if you have one guy making 3 times the earning power of the average worker in 1968 but do to automation he is producing 10 times as much product, would it not make a graph thst looks kind of like that one? So i guess this means the guy sitting in his chair,looking at a compute, screen making 3 times the money as the guy welding by hand 40 years ago did is getting screwed.

Charts can useful but with no context they have no meaning. I can produce s graph that shows 95 % of the people that have cancer drink milk. So what
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Old 01-31-2014, 08:14 PM   #110
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Originally Posted by FishingRod View Post
So if you have one guy making 3 times the earning power of the average worker in 1968 but do to automation he is producing 10 times as much product, would it not make a graph thst looks kind of like that one? So i guess this means the guy sitting in his chair,looking at a compute, screen making 3 times the money as the guy welding by hand 40 years ago did is getting screwed.

Charts can useful but with no context they have no meaning. I can produce s graph that shows 95 % of the people that have cancer drink milk. So what
OMG. We need a commission to study whether we need to ban milk altogether or if we can mitigate this danger by increasing regulation on the dairy industry.
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Old 01-31-2014, 08:50 PM   #111
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Quote:
Originally Posted by FishingRod View Post
So if you have one guy making 3 times the earning power of the average worker in 1968 but do to automation he is producing 10 times as much product, would it not make a graph thst looks kind of like that one? So i guess this means the guy sitting in his chair,looking at a compute, screen making 3 times the money as the guy welding by hand 40 years ago did is getting screwed.

Charts can useful but with no context they have no meaning. I can produce s graph that shows 95 % of the people that have cancer drink milk. So what
Cancer in cows is pretty rare.
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Old 01-31-2014, 11:02 PM   #112
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Cancer in cows is pretty rare.
Very few smoke since they don't have thumbs Making using a lighter kind of a bitch
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Old 01-31-2014, 11:25 PM   #113
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Old 02-01-2014, 07:42 AM   #114
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What an extremist!!
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Old 02-01-2014, 07:42 AM   #115
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So why would you support Obama if this matters to you? Surely you see the issue there.
Elizabeth Warren Explains Why Income Inequality Has Gone Up Under Obama

http://www.huffingtonpost.com/2014/0...n_4697560.html

I'll wait for you to tell me why she is wrong...
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Old 02-01-2014, 07:43 AM   #116
Loneiguana Loneiguana is offline
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Originally Posted by HonestChieffan View Post
Reread it. It does nothing that you said.
I take you didn't read your own article?

Quote:
One measure of well-being is spending, and government spending data show that the ratio of spending between the top and bottom 20% has hardly changed over the past quarter century. In terms of total spending, inequality is at the same level as 1987.
Stupid article is stupid.
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Old 02-01-2014, 07:44 AM   #117
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Originally Posted by vailpass View Post
Did someone tell you life was fair? They lied.
Oh, your right. Life isn't fair.

Workers should just accept getting screwed and not work to improve themselves then.

What was I thinking.
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Old 02-01-2014, 07:45 AM   #118
Loneiguana Loneiguana is offline
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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.
No, patty, I'm trying to figure out why, when he asked who is talking about income equality you answer with "didn't you get the memo, they talk about income inequality all the time."

But I guess you will run away like a coward from your own comments rather than explain what you meant.
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Old 02-01-2014, 07:47 AM
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Old 02-01-2014, 07:50 AM   #119
Loneiguana Loneiguana is offline
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Quote:
Originally Posted by FishingRod View Post
So if you have one guy making 3 times the earning power of the average worker in 1968 but do to automation he is producing 10 times as much product, would it not make a graph thst looks kind of like that one? So i guess this means the guy sitting in his chair,looking at a compute, screen making 3 times the money as the guy welding by hand 40 years ago did is getting screwed.

Charts can useful but with no context they have no meaning. I can produce s graph that shows 95 % of the people that have cancer drink milk. So what
So the worker still producing the work, even with technologies help, doesn't deserve more money to go along with more production?

Because we don't have complete automation. There are still workers required to meet demand.

And those workers are producing more, earning the company more money, without any of it being giving back to the workers, who are actually doing the producing.
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Old 02-01-2014, 08:08 AM   #120
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Originally Posted by Loneiguana View Post
Elizabeth Warren Explains Why Income Inequality Has Gone Up Under Obama

http://www.huffingtonpost.com/2014/0...n_4697560.html

I'll wait for you to tell me why she is wrong...
Republicans fault, of course.
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