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Old 01-31-2014, 06:25 PM  
petegz28 petegz28 is online now
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Income Inequality and the real reason it needs to be addressed

Okay, the Left loves to rant about "fairness" when it comes to income inequality but that's a bunch of liberal BS. So let's get past the emotional arguments of fair vs. unfair and address why and when income inequality becomes a bad thing.

There comes a point in just about every imaginable scenario where too much of a even a good thing becomes a bad thing. What we have seen in the last decade and even more so in the last 5-6 years is just that. What's good for the rich and big corporations is starting to become bad for the country as a whole. The middle class is being weeded out by liberal politicians as well as what is amounting to nothing more than corporate greed.

A financially healthy middle class is needed for a strong economy. Unfortunately that is not what we have nor are we headed on a path to getting back to healthy. The middle class is what drives this country and it is disappearing for all the wrong reasons. While big business is cutting jobs or import\exporting jobs, creating an environment of job insecurity and stagnant wages, liberal politicians are squeezing more money out of the middle class with their failed policies.

When you look at the last several years, everything has risen except 2 key factors, jobs and wages. The cost of gas has risen, the cost of food has risen, the cost of health care is rising and the stock market is rising. Meanwhile jobs and wages are doing dick.

There comes a point where "what's mine is mine" becomes a bad thing. The rich and big corporations who have enjoyed record profits and a rising stock market are doing so for what is tantamount to nothing more than a fleecing of the middle class. Companies have laid off thousands of workers to increase profits in the name of "shareholder value". As the record profits come in we seem trillions being spent on non-productive things such as share buy-backs and such. Couple with the Bernanke influenced environment of low interest rates, the rich and big corps are feasting while everyone in the middle class continues to famine.

I am a capitalist and a free-market kind of guy but I can also see what is happening right in front of our eyes. Corporations have no loyalty to their employees and thus in the long run their customers. Wall St. now dictates every move of these companies with their "quarterly earnings estimates" and companies are allowing it to happen.

The best analogy I can come up with to describe the problem is one of losing weight. If you are overweight then losing weight is good and healthy. However, losing too much weight becomes unhealthy and though your initial goal was to watch the scale go down the point comes when the scale going down is now bad. Companies have got to start valuing their employees more and their CEO's a little less. The "shareholders" in which whose name all this cutting and thievery is done will benefit just the same if not more so. A healthy employment base gives companies the consumer base they ultimately need to grow.

Right now as Democrats are pushing the Immigration Reform issue so the can garner more voters, the Chamber of Commerce and big business is championing the issue in the name of cheaper labor.

The middle class is running out of money, folks. The jobs are not coming fast enough, the pay is not rising fast enough and the job security is running away too fast.

So when it comes down to it, it is not about what's fair and what isn't. It's about what is healthy for this country's economy and what isn't.
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Old 02-03-2014, 11:05 AM   #136
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Originally Posted by patteeu View Post
Even if that's true, it doesn't tell us anything about the relationship between income inequality and how the economy performs.
You have officially hit a new low with the clueless routine.
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Old 02-03-2014, 11:06 AM   #137
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Originally Posted by KC native View Post
You have officially hit a new low with the clueless routine.
You sound like petegz28. Mult?
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Old 02-03-2014, 11:09 AM   #138
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Originally Posted by patteeu View Post

The graph doesn't tell us anything about causation. Based on the chart, we don't know whether income inequality is a symptom of a bad economy, a cause of a bad economy, or unrelated to a bad economy.
I don't disagree and if you read the link economists can't agree either but it is quite interesting.
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Old 02-03-2014, 11:10 AM   #139
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You sound like petegz28. Mult?
.
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Old 02-03-2014, 11:15 AM   #140
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People are getting raises. Where is the data that shows wages for individuals have remained stagnant?
Here you go

http://www.epi.org/publication/a-dec...-middle-class/
  • According to every major data source, the vast majority of U.S. workers—including white-collar and blue-collar workers and those with and without a college degree—have endured more than a decade of wage stagnation. Wage growth has significantly underperformed productivity growth regardless of occupation, gender, race/ethnicity, or education level.
  • During the Great Recession and its aftermath (i.e., between 2007 and 2012), wages fell for the entire bottom 70 percent of the wage distribution, despite productivity growth of 7.7 percent.
  • Weak wage growth predates the Great Recession. Between 2000 and 2007, the median worker saw wage growth of just 2.6 percent, despite productivity growth of 16.0 percent, while the 20th percentile worker saw wage growth of just 1.0 percent and the 80th percentile worker saw wage growth of just 4.6 percent.
  • The weak wage growth over 2000–2007, combined with the wage losses for most workers from 2007 to 2012, mean that between 2000 and 2012, wages were flat or declined for the entire bottom 60 percent of the wage distribution (despite productivity growing by nearly 25 percent over this period).
  • Wage growth in the very early part of the 2000–2012 period, between 2000 and 2002, was still being bolstered by momentum from the strong wage growth of the late 1990s. Between 2002 and 2012, wages were stagnant or declined for the entire bottom 70 percent of the wage distribution. In other words, the vast majority of wage earners have already experienced a lost decade, one where real wages were either flat or in decline.
  • This lost decade for wages comes on the heels of decades of inadequate wage growth. For virtually the entire period since 1979 (with the one exception being the strong wage growth of the late 1990s), wage growth for most workers has been weak. The median worker saw an increase of just 5.0 percent between 1979 and 2012, despite productivity growth of 74.5 percent—while the 20th percentile worker saw wage erosionof 0.4 percent and the 80th percentile worker saw wage growth of just 17.5 percent.
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Old 02-03-2014, 11:16 AM   #141
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Originally Posted by KC native View Post
You have officially hit a new low with the clueless routine.
You hate inequality but yet vote Obama, who has worsened it. Retarded poster is retarded.
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Old 02-03-2014, 11:18 AM   #142
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You hate inequality but yet vote Obama, who has worsened it. Retarded poster is retarded.
Obama doesn't have shit to do with it. You are a ****ing moron for blaming him.
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Old 02-03-2014, 11:20 AM   #143
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Honest question: why should there be income equality? I don't understand the term...
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Old 02-03-2014, 11:21 AM   #144
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Originally Posted by vailpass View Post
Honest question: why should there be income equality? I don't understand the term...
No one is arguing for income equality.
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Old 02-03-2014, 11:25 AM   #145
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Originally Posted by KC native View Post
No one is arguing for income equality.
Ok. So what does "income inequality" indicate? Not talking shit, just don't see how the opposite of "inequality" isn't "equality".
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Old 02-03-2014, 11:28 AM   #146
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Originally Posted by vailpass View Post
Ok. So what does "income inequality" indicate? Not talking shit, just don't see how the opposite of "inequality" isn't "equality".
Income inequality isn't really a good term either. A more accurate description would be the dispersion of wealth or share of total income.
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Old 02-03-2014, 11:38 AM   #147
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Obama doesn't have shit to do with it. You are a ****ing moron for blaming him.
an Obama voter calling someone else a moron
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Old 02-03-2014, 11:41 AM   #148
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Originally Posted by KC native View Post
Income inequality isn't really a good term either. A more accurate description would be the dispersion of wealth or share of total income.
Maybe so, but for now "income inequality" is the phase being used by democrats and that's not an answer to his question.
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Old 02-03-2014, 11:42 AM   #149
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Originally Posted by KC native View Post
Income inequality isn't really a good term either. A more accurate description would be the dispersion of wealth or share of total income.
Thanks but I'm still not clear...by "dispersion" what do you mean? Does it involve taking from some to give to others? Or the government enhancing opportunities for lower earners? Or something else altogether?
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Old 02-03-2014, 12:00 PM   #150
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Originally Posted by vailpass View Post
Thanks but I'm still not clear...by "dispersion" what do you mean? Does it involve taking from some to give to others? Or the government enhancing opportunities for lower earners? Or something else altogether?
Dispersion is how much of the pie each group is taking home. A vast majority of the gains/growth in the US economy has gone to the very top over the last 30 years.

Right now there aren't any real proposals out there.
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