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I've seen gas spike as high as $.20 more per gallon this week than last week.
That's always a comfort.
can't wake up
Frog says trickle-down is a failure because it is a failure. The wealth hasn't trickled down. Incomes for the bottom 90% or so have remained stagnant since the early 1980's, and wealth has stagnated/decreased. Productivity has gone up, though, so the question is where is this wealth created going? It has increased for the 91%-95%, shot up for the 95%-99%, and exploded for the 1%. This is all fact.
I would actually say this is a direct cause for the overall economic picture we see today. I've been saying for years that this recession/stagnation is a demand side problem. The vast majority of people don't have the money to spend to 'jolt' the economy. All that money is sitting in bank accounts in the Cayman Islands and Switzerland. Rich people don't spend the money that needs to be spent to keep a consumer-oriented economy humming along. We papered over this problem for a couple decades (1988-2008 or so) with debt but that is over.
edit: Rich people don't create jobs, customers do. Customers are the real "job creators."
Last edited by Diff-chan; 14 Sep 2012 at 11:56 AM.
I've seen gas spike as high as $.20 more per gallon this week than last week.
That's always a comfort.
Wild Arms Junky.
You suck at sarcasm. I don't give a shit that the government is doing that regardless of the level. What I am curious about is that you............ seem to be ok with the government meddling in the private sector as long as it's local government? Is that what I'm getting here?Originally Posted by Yoshi
http://www.fvza.org/index.html
I have no issue at all with the local government in CA doing whatever is best for people that live in that locale. That's kind of the point of local government.
Wild Arms Junky.
This is truly fascinating. So as long as government is local it can do what ever it wants? Set prices, set wages, levy insane taxes, stomp on civil liberties etc. etc. etc. and it's fine as long as it's local? Why does distance matter so much? If your city set an ordinance that your occupation is now banned from city limits you'd give the thumbs up and ship out to another town? I'm not at all understanding this seemingly misplaced anger towards Federal government. Shouldn't it be that government = government and that's the end of it?
http://www.fvza.org/index.html
I finally decided to stop being lazy and look up where the line for 90% really is, so that I would know where I am. In 2010, it was ~$82,500 in terms of individuals, and in 2005, it was somewhere between $100k and $150k for a household. I'm not arguing your point. I just don't think I've seen anyone post what that really means. We're not talking millionaires here.
The Federal government has been grossly overstepping its bounds for at least a decade, as several people pointed out by posting pieces of the Constitution. If the people of a town in CA support what is going on, then the politicians are doing their jobs. If my local government tried to take over things I thought should remain privatized, I'd vote against them in the next election. The point is that this is a pretty diverse country, and the federal government is ill-equipped to deal with that, so it should do the bare minimum that truly impacts everyone, like interstates and defense, and leave everything that is better tailored to be regional to the states and/or local governments.
No one is demonizing the 90th percentile or any of that growth. The fact is, that amount should have grown for all groups. There is only a very small group, a fraction of the 1% that benefit from holes in our system at the (much greater) expense of the rest of us.
can't wake up
I never called the 90th percentile rich. I said that they have received income gains whereas everyone below has not. Even then the gains were modest.
BTW my comment before didn't even tell the full story. The percentile from 99%-99.9% exploded but the .1% blew up like the Cyrax fatality in Mortal Kombat 4. It's clear where all these productivity gains are going to and it's not trickling down.
Last edited by Diff-chan; 14 Sep 2012 at 01:07 PM.
trickle down doesn't work because the rich and the middle class will never use everything available in an econcomy that has a poor class.
The wife of a man that makes 100k is not going to drive 20 minutes over to the shitty part of town to get groceries or buy gas. She's going to drive 3 minutes to the new ultra whitey mcwhite shopping center that has a target and whole foods.
Target and wholefoods will be mostly staffed by part time workers that are the children of the rich and middle class. Some of them will be high school students and some will be community college students.
The money will eventually get to the bad part of town when a handful of those students drive through it on a trip and need gas, or go to buy a record player from a poor old man that put out a craigslist ad. Oh what a stimulus.
Trickle down doesn't work because of white flight. Because of cheap affordable cars that let people move away from the poor. Because of outsourcing. It has been proven time and time again that the rich would rather pull up and move than give money to anyone not rich. They no longer start new businesses and build new factories. They put their money into investment portfolios and get weird exotics hobbies that do nothing for the local economies. They don't build new factories, they destroy old ones and spend fortunes to open them in other countries. Sometimes they even go as far as buying up other companies just so they can destroy them and put the brand name on the products of some random shithole in mudhole china.
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