Capitalism

[Kirkland Laing]

....still better than this

http://www.youtube.com/watch?v=OoqI5PSRcXM

There'll have to be quite a large redistribution of wealth over the next few years or the US economy won't be able to grow very well. The redistribution of the last 30 years (all to the top) will have to be reversed so that the money generated by the economy will go to people who'll actually spend it, thus creating more economic growth. Obama is dead right about this and the bald plumber wrong.

[El Kabong]

Obama is dead right about this and the bald plumber wrong.

....talk to me in 4 years

[Kirkland Laing]

Obama is dead right about this and the bald plumber wrong.

....talk to me in 4 years

Are you seriously questioning my Infallibility? How well does that always work out for you?

I've already shown you at least once why I'm right, using facts and evidence. You know the one time in history when the top 1% of Americans' share of the wealth was this high previously? Just before the 1929 Depression, something we still stand a chance of repeating currently. The median wage in America has stayed effectively static since 1980 and the US consumer, 71% of US GDP, is now tapped out. Both parents in families now work, both work much longer and harder, both have gone into debt over the past few years just to pay the bills, and now the US consumer doesn't have any money anymore. The 1980-2008 redistribution of wealth to the wealthy has to be reversed othersie 71% of US GDP is going stand still and worse. If you're going to reply to what I have Written do so using facts and evidence only.

[Gandalf]

Obama is dead right about this and the bald plumber wrong.

....talk to me in 4 years

Are you seriously questioning my Infallibility? How well does that always work out for you?

I've already shown you at least once why I'm right, using facts and evidence. You know the one time in history when the top 1% of Americans' share of the wealth was this high previously? Just before the 1929 Depression, something we still stand a chance of repeating currently. The median wage in America has stayed effectively static since 1980 and the US consumer, 71% of US GDP, is now tapped out. Both parents in families now work, both work much longer and harder, both have gone into debt over the past few years just to pay the bills, and now the US consumer doesn't have any money anymore. The 1980-2008 redistribution of wealth to the wealthy has to be reversed othersie 71% of US GDP is going stand still and worse. If you're going to reply to what I have Written do so using facts and evidence only.

That is one seriously funky post.

[Bookkeeper]

....talk to me in 4 years

Are you seriously questioning my Infallibility? How well does that always work out for you?

I've already shown you at least once why I'm right, using facts and evidence. You know the one time in history when the top 1% of Americans' share of the wealth was this high previously? Just before the 1929 Depression, something we still stand a chance of repeating currently. The median wage in America has stayed effectively static since 1980 and the US consumer, 71% of US GDP, is now tapped out. Both parents in families now work, both work much longer and harder, both have gone into debt over the past few years just to pay the bills, and now the US consumer doesn't have any money anymore. The 1980-2008 redistribution of wealth to the wealthy has to be reversed othersie 71% of US GDP is going stand still and worse. If you're going to reply to what I have Written do so using facts and evidence only.

That is one seriously funky post.

Miles what the hell you doin in the land of the far east, it's time to come home player

[Gandalf]

Are you seriously questioning my Infallibility? How well does that always work out for you?

I've already shown you at least once why I'm right, using facts and evidence. You know the one time in history when the top 1% of Americans' share of the wealth was this high previously? Just before the 1929 Depression, something we still stand a chance of repeating currently. The median wage in America has stayed effectively static since 1980 and the US consumer, 71% of US GDP, is now tapped out. Both parents in families now work, both work much longer and harder, both have gone into debt over the past few years just to pay the bills, and now the US consumer doesn't have any money anymore. The 1980-2008 redistribution of wealth to the wealthy has to be reversed othersie 71% of US GDP is going stand still and worse. If you're going to reply to what I have Written do so using facts and evidence only.

That is one seriously funky post.

Miles what the hell you doin in the land of the far east, it's time to come home player

The way things are in the world its probably not the best of times to return. And even if I do come home and manage to find a decent job, Im not happy with the prospect of being taxed to death and having to pay outrageous rents. Its a crap system and I absolutely refuse to partake in that kind of life. I like a lot of things from home, but there are elements that Ive come to detest.

I was planning to come home for a long trip after I stopped working but the Korean Won has gone into labour against the pound. Im not too happy about my money now having lost a lot of its value because of exchange rate fluctuations. It will be cheaper and much warmer to head off South this winter. Any trip home can wait until things even out. And Im getting the relaxation I really needed. Apart from my studies and part time teaching Ive really taken my foot off the pedal.

Im beginning to think of myself as a Nomad, forever destined to wander through the wilderness. Ahem.

[El Kabong]

Are you seriously questioning my Infallibility? How well does that always work out for you?

I've already shown you at least once why I'm right, using facts and evidence. You know the one time in history when the top 1% of Americans' share of the wealth was this high previously? Just before the 1929 Depression, something we still stand a chance of repeating currently. The median wage in America has stayed effectively static since 1980 and the US consumer, 71% of US GDP, is now tapped out. Both parents in families now work, both work much longer and harder, both have gone into debt over the past few years just to pay the bills, and now the US consumer doesn't have any money anymore. The 1980-2008 redistribution of wealth to the wealthy has to be reversed othersie 71% of US GDP is going stand still and worse. If you're going to reply to what I have Written do so using facts and evidence only.

Kirkland, oh I totally agree, let's raid the accounts of Bill Gates, Warren Buffet, and all those other evil rich people and then hand out money to everyone who haven't earned it and who don't deserve it.

The War on Poverty failed horribly....it tried to redistribute wealth as many Democrat programs have tried before but if those programs had worked then we wouldn't be listening to Barrack or you crying foul right now.

Wealth is not a right, it's a goal plenty of people have, and it's achieveable here in America but it is not a right for everyone to be wealthy.

[Trainer Monkey]

Are you seriously questioning my Infallibility? How well does that always work out for you?

I've already shown you at least once why I'm right, using facts and evidence. You know the one time in history when the top 1% of Americans' share of the wealth was this high previously? Just before the 1929 Depression, something we still stand a chance of repeating currently. The median wage in America has stayed effectively static since 1980 and the US consumer, 71% of US GDP, is now tapped out. Both parents in families now work, both work much longer and harder, both have gone into debt over the past few years just to pay the bills, and now the US consumer doesn't have any money anymore. The 1980-2008 redistribution of wealth to the wealthy has to be reversed othersie 71% of US GDP is going stand still and worse. If you're going to reply to what I have Written do so using facts and evidence only.

Kirkland, oh I totally agree, let's raid the accounts of Bill Gates, Warren Buffet, and all those other evil rich people and then hand out money to everyone who haven't earned it and who don't deserve it.

The War on Poverty failed horribly....it tried to redistribute wealth as many Democrat programs have tried before but if those programs had worked then we wouldn't be listening to Barrack or you crying foul right now.

Wealth is not a right, it's a goal plenty of people have, and it's achieveable here in America but it is not a right for everyone to be wealthy.

No it isnt
I dare you to go to McDowell county WV and say that with a straight face.
I triple dog dare you
Watching train loads of coal,making money for Massey Energy,who's CEO lives in a DC suburb,go right by the very miners ramshackle trailers who actually risked their lives to dig it up, and then you say that again.
If you can say it, your a better liar then I could ever hope to even attempt being.
And if you dont think their work has value,and therefor commensurate compensation,stop turning on your light switch and sit in the dark, because without that coal, thats what your doing.

[Trainer Monkey]

Im seriously bent at you Lyle.
Sorry,Ive worked for your beloved lords and masters,and I know them personally
A-hole who inherited the oldest printing firm in the country,blew the wad on porn.
Yeah he earned it
Jackwad didnt even understand that when I helped move his Grandmother out of her apartment for him,the gravity of having an original Nast piece,an original I stress, in the stair well while we were hauling furniture down right next to it.
Yep, he earned it.
Another guy had his buis bought by daddy,he had a plane and a house
The guy who was actually earning the money, lived in a one bedroom walk up apartment with his kid and wife.
Your right Lyle we should make sure that make the money earn the money,so we should all start hunting people wearing stain ties.
If they can say "Its an an Armani" open fire
Ive met and hung with more wealthy people then you can imagine, and I have yet to meet one that was worth the amount of manure it would take to bury them.
Not a single one.
One used to have human BB Gun hunts. One spewed hot wax all over a beauty marble fire place. One went to Aruba when half of the machinery he owned was broken.Theres more,but you should get my point. The monied wealthy should all be sterilized.

[killersheep]

Are you seriously questioning my Infallibility? How well does that always work out for you?

I've already shown you at least once why I'm right, using facts and evidence. You know the one time in history when the top 1% of Americans' share of the wealth was this high previously? Just before the 1929 Depression, something we still stand a chance of repeating currently. The median wage in America has stayed effectively static since 1980 and the US consumer, 71% of US GDP, is now tapped out. Both parents in families now work, both work much longer and harder, both have gone into debt over the past few years just to pay the bills, and now the US consumer doesn't have any money anymore. The 1980-2008 redistribution of wealth to the wealthy has to be reversed othersie 71% of US GDP is going stand still and worse. If you're going to reply to what I have Written do so using facts and evidence only.

Kirkland, oh I totally agree, let's raid the accounts of Bill Gates, Warren Buffet, and all those other evil rich people and then hand out money to everyone who haven't earned it and who don't deserve it.

The War on Poverty failed horribly....it tried to redistribute wealth as many Democrat programs have tried before but if those programs had worked then we wouldn't be listening to Barrack or you crying foul right now.

Wealth is not a right, it's a goal plenty of people have, and it's achieveable here in America but it is not a right for everyone to be wealthy.

You already agreed that we need balance, so with things being so out of balance right now you are agreeing that there is an issue. If deregulation worked we wouldn't be the economic state we are now. The way I see is in order to maintain competition in capitialism, which is the function that keeps us stable we have to move back and forth like a pendulum between regulation and deregulation. At this moment we do need money to get back in the hands of the middle class. Once we get to the point where the middle class can spend without borrowing, then we can get a nice conservative government to deregulate everything again, thus maintaining the balance. What got us out of the depression? The war? that's partly right, it was the socialized programs that created labor for the middle class, the factory work that provided the means for the middle class, to spend and grow the economy, eventually that system breaks down as well. The solution to that problem? Reagan..... and the cycle continues.
Liberalism and Conservatism are the remedies for each others problems, and neither one can survive exclusively.

[Kirkland Laing]

Are you seriously questioning my Infallibility? How well does that always work out for you?

I've already shown you at least once why I'm right, using facts and evidence. You know the one time in history when the top 1% of Americans' share of the wealth was this high previously? Just before the 1929 Depression, something we still stand a chance of repeating currently. The median wage in America has stayed effectively static since 1980 and the US consumer, 71% of US GDP, is now tapped out. Both parents in families now work, both work much longer and harder, both have gone into debt over the past few years just to pay the bills, and now the US consumer doesn't have any money anymore. The 1980-2008 redistribution of wealth to the wealthy has to be reversed othersie 71% of US GDP is going stand still and worse. If you're going to reply to what I have Written do so using facts and evidence only.

Kirkland, oh I totally agree, let's raid the accounts of Bill Gates, Warren Buffet, and all those other evil rich people and then hand out money to everyone who haven't earned it and who don't deserve it.

The War on Poverty failed horribly....it tried to redistribute wealth as many Democrat programs have tried before but if those programs had worked then we wouldn't be listening to Barrack or you crying foul right now.

Wealth is not a right, it's a goal plenty of people have, and it's achieveable here in America but it is not a right for everyone to be wealthy.

As usual you swallow every bit of GOP propaganda whole. Obama isn't redistributing wealth, he's changing the marginal income tax rate from 36 to 39%, something McCain agreed with Obama on until he was forced to pander to the dumbass wing of the GOP for their votes. Under Eiserhower the marginal rate was 90% so Eisenhower must have been a socialist, right?


http://uk.youtube.com/watch?v=d8EyGpOU3qM

http://uk.youtube.com/watch?v=X2JPbQ...eature=related

What Obama is doing is reversing the redistribution of wealth that's happened since Reagan, where a huge tax cut for top earners was paid for by raising taxes on low and middle earners, slightly reversed under Clinton but then ramped up again by Chimpy. But a big tax cur for low/middle income earners in now necessary because too much money is being redistributed up to the top 1% and it's screwing up the economy.


Remember a year or so ago you were claiming that raising taxes on high earners would backfire and redistribute wealth and I told you that you'd soon see the biggest redistribution of wealth in history as bankers lined up for a bailout? I should try and find that and see what I Wrote back then.

In the meantime here's the well-known socialist Warren Buffett's take on this. Buffett is supporting Obama in this election too, as is the Communist Bill Gates :


Mr. Buffett compiled a data sheet of the men and women who work in his office. He had each of them make a fraction; the numerator was how much they paid in federal income tax and in payroll taxes for Social Security and Medicare, and the denominator was their taxable income. The people in his office were mostly secretaries and clerks, though not all.
It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn’t use any tax planning at all. He just pays as the Internal Revenue Code requires. “How can this be fair?” he asked of how little he pays relative to his employees. “How can this be right?”
Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare.
“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”

In Class Warfare, Guess Which Class Is Winning - New York Times