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Thread: The income distribution - is this reverse socialism?

  1. #61
    Senior Member Buzz's Avatar
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    Can't read it, it's behind the pay wall. I subscribe to the NYT, and they let subscribers post and share links to articles with non-subscribers...

    My grandfather had a saying. All the money goes to the top, you might as well grab as much as you can while it's on its way by. He was born in 1904 and lived to 100. He's the one responsible for my political views I think. He was a big fan of both of those Roosevelt guys. He used to talk a lot about keeping money in circulation, or the velocity of money. It occurs to me that he wouldn't think much of the current distribution of wealth. Marvin, he knew Henry Ford. Grandpa owned a scrap yard and some guy used to stop in and walk around looking at and talking about scrap cars in various states of assembly/disassembly. Never said who he was & Grandpa didn't realize it was Ford until he saw his picture one day in the newspaper.
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  2. #62
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    Quote Originally Posted by Buzz View Post
    Can't read it, it's behind the pay wall. I subscribe to the NYT, and they let subscribers post and share links to articles with non-subscribers...
    Shoot. It was there for free before.....needless to say when WSJ starts worrying about wealth consolidation as a problem.....

  3. #63
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    Quote Originally Posted by Buzz View Post
    My grandfather had a saying. All the money goes to the top, you might as well grab as much as you can while it's on its way by. He was born in 1904 and lived to 100. He's the one responsible for my political views I think. He was a big fan of both of those Roosevelt guys. He used to talk a lot about keeping money in circulation, or the velocity of money. It occurs to me that he wouldn't think much of the current distribution of wealth. Marvin, he knew Henry Ford. Grandpa owned a scrap yard and some guy used to stop in and walk around looking at and talking about scrap cars in various states of assembly/disassembly. Never said who he was & Grandpa didn't realize it was Ford until he saw his picture one day in the newspaper.
    One of the things wrong with our leadership, in all parties today, is their inability to relate to people who are happy being normal. The reason I really liked Truman, & liked both Goldwater & Forbes as candidates. Rmoney could have won the job of POTUS had he embodied any of the normal person qualities those people had. The richest guy in most smaller towns was the guy who owned the junkyard, now LKQ has taken that away by corporatizing it
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  4. #64
    Senior Member brian breuer's Avatar
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    Quote Originally Posted by jb504079 View Post
    I'll shed light on part of the answer no one has mentioned yet. And it's the workforce participation rates, coupled with high unemployment rates. If the same number of people were counted in the workforce participation rate as they were in 2008, the unemployment rate would be above 15% today. But take a look at the demographics among young people. They aren't working. What we are about to witness, and really are beginning to witness already, is the product of extreme liberal indoctrination among out public education system. From Pre-K to College, kids have been conditioned to think a certain way. Progressive ideology has absolutely dominated academia for the past 30 years, and now we are beginning to bear the fruit of it.

    Youth unemployment is sky high. Kids are waiting to get married. 45% of teens over the age of 16 DO NOT have a driver's license and rely on a parent to drive them places. Kids are living at home longer with their parents. Young adults are waiting longer to start families. This is the product of something isn't it???? Of course it is.

    Progressive liberalism is killing this country. When people do not begin working hard when they are young, chances are, they aren't increasing their wealth like the hard working wealthy people in this country. The sense of entitlement has replaced American work ethic, especially in Americans from Generation X and younger. If you are under the age of 35, you are in this catagory. Kids today weren't raised believing in the same America the Baby Boomers were. They weren't raised with the same kind of work ethic either. They've been brought up within the progressive liberal academic institutions....aka...public schools and universities. They're brainwashed, and by and large, they're lazy.

    Step back and view your masterpiece liberals, because this is what it looks like. High unemployment, massive government programs, massive debts, fewer jobs, and just general malcontent.
    As an uncle to 10 recent college grads and current college students along with having 1-2 interns in the office each summer, I have a front row seat to the lives of college age young people. These are kids from middle class to lower middle class families. They've had summer jobs, waitresses, even joined the Air National Guard to pay for school. The amount of difficulty in finding entry level employment for a college grad is just amazing. When new grads are competing with people having 5-10 yrs experience for an entry level position. These aren't just BAs were talking. I am an engineer. Every one of the interns is an engineer. I've seen mechanical engineers and electricals look for work for over a year.

    If you have any idea of what an engineering curriculum includes you know these people aren't afraid of work. It may be that there just aren't that many jobs.

    You state kids are waiting to get married. They're living with mom and dad longer. Well no shit. Would you rather have getting hitched at the justice of the peace and then popping out kids of their own without a job to support it?

    "The sense of entitlement has replaced American work ethic, especially in Americans from Generation X and younger. If you are under the age of 35, you are in this catagory. Kids today weren't raised believing in the same America the Baby Boomers were. "
    Really???????? The baby boomer generation and its entitlements are the ones bankrupting this country. The lazy kids you speak of aren't old enough to be in Congress. Look in the mirror baby boomer.

  5. #65
    Senior Member zeus3925's Avatar
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    Quote Originally Posted by jb504079 View Post

    45% of teens over the age of 16 DO NOT have a driver's license and rely on a parent to drive them places. Kids are living at home longer with their parents. Young adults are waiting longer to start families. This is the product of something isn't it???? Of course it is.
    .
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  6. #66
    Senior Member zeus3925's Avatar
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    Quote Originally Posted by charly_t View Post
    Ditto ! Good post..........
    Ditto too! There is no reason to have a 73,000 page tax code, largely aimed at saving the 1% big bundles of money. Germany has a 500 page tax code, France 1000 page. We have a fiscal system that is driving the country to ruin.
    Zeus

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  7. #67
    Senior Member road kill's Avatar
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    Quote Originally Posted by zeus3925 View Post
    Ditto too! There is no reason to have a 73,000 page tax code, largely aimed at saving the 1% big bundles of money. Germany has a 500 page tax code, France 1000 page. We have a fiscal system that is driving the country to ruin.
    Yeah.....if we could just be like France or Germany!!!!!
    Last edited by road kill; 11-21-2013 at 11:33 AM.

  8. #68
    Senior Member zeus3925's Avatar
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    Quote Originally Posted by road kill View Post
    Yeah.....if we could just be like France or Germany!!!!!
    73,000 pages is great? Is that what you are saying, RK?
    Zeus

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  9. #69
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    Quote Originally Posted by brian breuer View Post
    The baby boomer generation and its entitlements are the ones bankrupting this country. The lazy kids you speak of aren't old enough to be in Congress. Look in the mirror baby boomer.
    Think you nailed it.


  10. #70
    Senior Member Gerry Clinchy's Avatar
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    It occurs to me that he wouldn't think much of the current distribution of wealth.
    We often talk about the distribution of wealth being so uneven ... the gap between richest and poorest being so large.

    Have we thought about the fact that this situation has become ever larger during a period where govt regulations have become ever more prevalent? The more govt "plans" what is best for the "greater good", the larger the gap gets? The more politicians talk about "helping" the poor and the middle class, the more damage they do to both those groups ... and the rich get richer.

    It is history to see that the gap between rich and poor in communist countries is just as bad, if not worse.

    Have we really been brainwashed into thinking that we can make equal opportunity mean equal outcomes? As long as there is a normal curve, it would seem impossible to do that since there is variation in human intelligence, physical abilities, and mental attitudes.

    For the record, I'm not rich.

    Kids today weren't raised believing in the same America the Baby Boomers were. "

    Really???????? The baby boomer generation and its entitlements are the ones bankrupting this country. The lazy kids you speak of aren't old enough to be in Congress. Look in the mirror baby boomer.
    I think that the problem with the Baby Boomer generation is that they always wanted to make life easier for their kids than it was for them. I think that we don't realize until later that removing the "struggle" from achievement is not necessarily the answer.

    I believe that the problem with many of our politicians is that they are career politicians. They have had too little exposure to what it means to struggle in the private sector to balance a budget, improve revenue through providing a better product (or service), of not having unlimited source of revenue (through taxes and borrowing). Could any private sector company survive or get more credit if their balance sheet looked like our Fed govt's?

    We have created this situation of career politicians over time. Is that why the gap between rich and poor has become greater?
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