America's economy is unsustainable, but fixable.

[the other mike]

The standard of living in 1979, was way way way lower than it is today. To say that all the gains in the economy went to the top, when more people than ever own cars, those cars are unbelievably better than cars back then... housing is much better... people have technology like never before.... high speed internet, smart phones, computers, the list goes on and on and on....

To suggest that somehow all the gains from the economy, went to the top, when absolutely everyone is many times better off today, than they were in the late 70s, is ridiculous.

Further, the median annual income is irrelevant to normal people. Normal people do not stay at one income their whole life. In fact, most people travel up through the income brackets from the lowest to the highest, in their life time.

Lastly, median income is largely based on the lowest income bracket. The number at the top is always the fewest people, and the number at the bottom is always the lowest.

You can drastically increase the median income, by simply eliminating low income jobs. Yes, millions of people will be unemployed, but the median income will go up drastically by eliminating fast food joints. It's a stupid number, that can show increasing wages, all while more and more people are unemployed.

Thank you Mr Rothschild.

 

[BrokeLoser]

Well, I think we both know where this is headed...

Yep.
President Bernie Sanders

See, there you have it Slade3200
The FSA beggars surface...hahaha

 

[the other mike]

 

[dblack]

Well, I think we both know where this is headed...

Yep.
President Bernie Sanders

I don't see Sanders winning. After the Russiagate nonsense, even less so. Democrats seem intent on handing Trump a second term. And they still haven't absorbed the lesson the EC is trying to teach them.

 

[the other mike]

I don't see Sanders winning. After the Russiagate nonsense, even less so. Democrats seem intent on handing Trump a second term. And they still haven't absorbed the lesson the EC is trying to teach them.

The way it stands right now I'd agree. Trump will be reelected .

 

[Slade3200]

Well, I think we both know where this is headed...

Yep.
President Bernie Sanders

See, there you have it Slade3200
The FSA beggars surface...hahaha

If that’s as deep as you can get on the subject then so be it, but you should actually try to take a deep dive sometime. You might learn something

 

[Crepitus]

.I have never given two fucks about what anybody else has or what anyone else is earning...weird huh?

Not wierd at all, you've been well trained.

Explain that...give me the short version

You've never wondered why it doesn't bother you that the wealthy folks, the 1%ers enjoy almost all the cream in our society?

 

[WheelieAddict]

What about poor Amazon?

 

[the other mike]

What about poor Amazon?

The owner's ex- wife is hiring .
Bezos Divorce Finalized: MacKenzie Will Get 4% Of Amazon (NASDAQ:AMZN), Give Up Voting Control

 

[impuretrash]

The biggest economic story of our times isn’t about supply and demand. It’s about institutions and politics. It’s about power.

The median annual earnings of full-time wage and salaried workers in 1979, in today’s dollars, was $43,680. The median earnings in 2018 was $45,708. If from 1979 to 2018, the American economy almost tripled in size, so where did the gains go? Most went to the top.

Now this is broadly known, but there is less certainty about why.

https://www.truthdig.com/articles/robert-reich-americas-economy-is-unsustainable/

Here's an excerpt from the article.
.....American capitalism contained hidden pools of what he called “countervailing power” that offset the power of large corporations, Wall Street, and the wealthy: labor unions, state and local banks, farm cooperatives, and small retail chains, for example. All of these sources of countervailing power had been fostered by the New Deal. They balanced the American economic system.

But since the late 1970s, these sources of countervailing power have been decimated, leading to an unbalanced system and producing widening economic inequality and stagnating wages. The result has become a vicious cycle in which big money–emanating from big corporations, Wall Street, and the wealthy – determine the rules of the economic game, and those rules generate more money at the top.

Consider, for example, the ever-expanding tax cuts or loopholesfor large corporations, the financial sector, and the wealthy. Contrast them with increases in payroll taxes for average workers.

Or look at the bank and corporate bailouts but little or no help for homeowners caught in the downdraft of the Great Recession.

Finally, look at the increasing barriers to labor unions, such as the proliferation of so-called “right-to-work” laws and the simultaneous erosion of antitrust and the emergence of large concentrations of corporate power.

The public knows the game is rigged, which is why almost all the political energy is now anti-establishment. This is a big reason why Trump won the 2016 election. Authoritarian populists through history have used anger and directed it at racial and ethnic minorities and foreigners......

I just pulled my head from my ass, got an education, worked hard, stayed ambitious and focused on always being and doing better.....And guess what...I have never given two fucks about what anybody else has or what anyone else is earning...weird huh?
I've noticed it always seems to be lowlife, lazy, total pieces of shits who care about what their neighbors have and what they don't have.

That’s fine and dandy but it doesn’t hurt to analyze our economy on a macro level, does it? Why not try and better understand what’s happening with employment, wages, wealth, government, private production, small business, trade etc.

Well, I think we both know where this is headed..we've only had this discussion a million times before...lets just cut to the chase and start begging for free shit from our best, most productive citizens...fuck it.

I have a much easier time sympathizing with unemployed rednecks living in a dilapidated trailerpark up a holler in what used to be coal country than I do poor Mark Zuckerberg or innocent lil' Jeff Bezos. Name one big US corporation and there's a 90% chance they promote subversive trendy left wing causes like Gillette did with it's "all males are basically rapists" ad.

Our "best and most productive" wants more immigration, and doesn't care if it's legal or illegal as long as they get cheap labor and more eyes glued to a screen to generate ad revenue. Oh, and most of them are more concerned with the well-being of a certain middle east nation than the USA.

Fuck corporations, hail the American people.

 

[BrokeLoser]

Well, I think we both know where this is headed...

Yep.
President Bernie Sanders

See, there you have it Slade3200
The FSA beggars surface...hahaha

If that’s as deep as you can get on the subject then so be it, but you should actually try to take a deep dive sometime. You might learn something

There’s really not a lot to debate. The issue isn’t and never has been as complicated as the beggars package it to be.
Our underclass is overflowing with blue collar trade killing, industry destroying thirdworlders...that’s it, end of story....And the lowlifes bitching about income inequality are the same lowlifes advocating for wetbacks...what gives?

 

[EvilCat Breath]

There are serious issues with the function of the political economics in this country. However there isn’t a singular reason nor solution. Moving more toward a socialist structure(guaranteed jobs, income, free healthcare, etc) is the slow but easy step towards damnation. Mistakes have been made which have compromised the checks and balances of the regulated market. We are much too centralized. Large government and large corporate structures have taken control, and Prohibit a fair and competitive market place. Pay to play politics funded by mega wealthy entities is cancer. And the closer we get towards socialism (free stuff), the higher the barrier becomes between the have and the have nots.

Going temporarily socialist is like having a detour while the bridge is being repaired, that's all.
When FDR imposed the 90% marginal tax on the wealthy, it wasn't meant to be permanent. But it wasn't meant to be completely dismantled as it was under Reagan and Clinton.

The under class has destroyed the middle class...wealthy folks have nothing to do with it. Nearly a third of our population is here illegally and or here by illegal means...most are very low quality human beings. This is a fact. You bottom feeders really need to stop looking to the wealthy to fund your failures. GET A FUCKING JOB...and stop inviting wetbacks over. Simple shit.

The guaranteed income, the good pay for low level jobs, the push for transfer of wealth from productive people to the slothful could have come right out of the drug dealers wish list. It's like a pipeline of cash running to the cartels.

 

[the other mike]

The guaranteed income, the good pay for low level jobs, the push for transfer of wealth from productive people to the slothful could have come right out of the drug dealers wish list. It's like a pipeline of cash running to the cartels.

It would be an unprecedented experiment actually but your optimistic prediction is noted.

 

[BrokeLoser]

.I have never given two fucks about what anybody else has or what anyone else is earning...weird huh?

Not wierd at all, you've been well trained.

Explain that...give me the short version

You've never wondered why it doesn't bother you that the wealthy folks, the 1%ers enjoy almost all the cream in our society?

Why would I? Why would I envy others when I’m part of the same equal opportunity, capitalist society they are?
I cheer for success and for successful people.
You realize the top 1% pay more in taxes than do the bottom 90%...right?

 

[the other mike]

Despite the loud conservative talk, nobody can answer to this.
The median annual earnings of full-time wage and salaried workers in 1979, in today’s dollars, was $43,680. The median earnings in 2018 was $45,708. If from 1979 to 2018, the American economy almost tripled in size, so where did the gains go? Most went to the top.

 

[BrokeLoser]

The biggest economic story of our times isn’t about supply and demand. It’s about institutions and politics. It’s about power.

The median annual earnings of full-time wage and salaried workers in 1979, in today’s dollars, was $43,680. The median earnings in 2018 was $45,708. If from 1979 to 2018, the American economy almost tripled in size, so where did the gains go? Most went to the top.

Now this is broadly known, but there is less certainty about why.

https://www.truthdig.com/articles/robert-reich-americas-economy-is-unsustainable/

Here's an excerpt from the article.
.....American capitalism contained hidden pools of what he called “countervailing power” that offset the power of large corporations, Wall Street, and the wealthy: labor unions, state and local banks, farm cooperatives, and small retail chains, for example. All of these sources of countervailing power had been fostered by the New Deal. They balanced the American economic system.

But since the late 1970s, these sources of countervailing power have been decimated, leading to an unbalanced system and producing widening economic inequality and stagnating wages. The result has become a vicious cycle in which big money–emanating from big corporations, Wall Street, and the wealthy – determine the rules of the economic game, and those rules generate more money at the top.

Consider, for example, the ever-expanding tax cuts or loopholesfor large corporations, the financial sector, and the wealthy. Contrast them with increases in payroll taxes for average workers.

Or look at the bank and corporate bailouts but little or no help for homeowners caught in the downdraft of the Great Recession.

Finally, look at the increasing barriers to labor unions, such as the proliferation of so-called “right-to-work” laws and the simultaneous erosion of antitrust and the emergence of large concentrations of corporate power.

The public knows the game is rigged, which is why almost all the political energy is now anti-establishment. This is a big reason why Trump won the 2016 election. Authoritarian populists through history have used anger and directed it at racial and ethnic minorities and foreigners......

I just pulled my head from my ass, got an education, worked hard, stayed ambitious and focused on always being and doing better.....And guess what...I have never given two fucks about what anybody else has or what anyone else is earning...weird huh?
I've noticed it always seems to be lowlife, lazy, total pieces of shits who care about what their neighbors have and what they don't have.

That’s fine and dandy but it doesn’t hurt to analyze our economy on a macro level, does it? Why not try and better understand what’s happening with employment, wages, wealth, government, private production, small business, trade etc.

Well, I think we both know where this is headed..we've only had this discussion a million times before...lets just cut to the chase and start begging for free shit from our best, most productive citizens...fuck it.

I have a much easier time sympathizing with unemployed rednecks living in a dilapidated trailerpark up a holler in what used to be coal country than I do poor Mark Zuckerberg or innocent lil' Jeff Bezos. Name one big US corporation and there's a 90% chance they promote subversive trendy left wing causes like Gillette did with it's "all males are basically rapists" ad.

Our "best and most productive" wants more immigration, and doesn't care if it's legal or illegal as long as they get cheap labor and more eyes glued to a screen to generate ad revenue. Oh, and most of them are more concerned with the well-being of a certain middle east nation than the USA.

Fuck corporations, hail the American people.

I agree, I’d celebrate if either of those filthy fucks died tonight.
I don’t view Big Corp as our best most productive by any means...I see tradesmen and small business owners as the pillar and backbone to American economics.

 

[the other mike]

http://www.usdebtclock.org/
un·sus·tain·a·ble
/ˌənsəˈstānəbəl/
adjective
adjective: unsustainable

1. not able to be maintained at the current rate or level.
   "macroeconomic instability led to an unsustainable boom"
   • ECOLOGY
     upsetting the ecological balance by depleting natural resources.
     "unsustainable fishing practices"
   • not able to be upheld or defended.
     "the old idea was unsustainable"

 

[impuretrash]

The biggest economic story of our times isn’t about supply and demand. It’s about institutions and politics. It’s about power.

The median annual earnings of full-time wage and salaried workers in 1979, in today’s dollars, was $43,680. The median earnings in 2018 was $45,708. If from 1979 to 2018, the American economy almost tripled in size, so where did the gains go? Most went to the top.

Now this is broadly known, but there is less certainty about why.

https://www.truthdig.com/articles/robert-reich-americas-economy-is-unsustainable/

Here's an excerpt from the article.
.....American capitalism contained hidden pools of what he called “countervailing power” that offset the power of large corporations, Wall Street, and the wealthy: labor unions, state and local banks, farm cooperatives, and small retail chains, for example. All of these sources of countervailing power had been fostered by the New Deal. They balanced the American economic system.

But since the late 1970s, these sources of countervailing power have been decimated, leading to an unbalanced system and producing widening economic inequality and stagnating wages. The result has become a vicious cycle in which big money–emanating from big corporations, Wall Street, and the wealthy – determine the rules of the economic game, and those rules generate more money at the top.

Consider, for example, the ever-expanding tax cuts or loopholesfor large corporations, the financial sector, and the wealthy. Contrast them with increases in payroll taxes for average workers.

Or look at the bank and corporate bailouts but little or no help for homeowners caught in the downdraft of the Great Recession.

Finally, look at the increasing barriers to labor unions, such as the proliferation of so-called “right-to-work” laws and the simultaneous erosion of antitrust and the emergence of large concentrations of corporate power.

The public knows the game is rigged, which is why almost all the political energy is now anti-establishment. This is a big reason why Trump won the 2016 election. Authoritarian populists through history have used anger and directed it at racial and ethnic minorities and foreigners......

I just pulled my head from my ass, got an education, worked hard, stayed ambitious and focused on always being and doing better.....And guess what...I have never given two fucks about what anybody else has or what anyone else is earning...weird huh?
I've noticed it always seems to be lowlife, lazy, total pieces of shits who care about what their neighbors have and what they don't have.

That’s fine and dandy but it doesn’t hurt to analyze our economy on a macro level, does it? Why not try and better understand what’s happening with employment, wages, wealth, government, private production, small business, trade etc.

Well, I think we both know where this is headed..we've only had this discussion a million times before...lets just cut to the chase and start begging for free shit from our best, most productive citizens...fuck it.

I have a much easier time sympathizing with unemployed rednecks living in a dilapidated trailerpark up a holler in what used to be coal country than I do poor Mark Zuckerberg or innocent lil' Jeff Bezos. Name one big US corporation and there's a 90% chance they promote subversive trendy left wing causes like Gillette did with it's "all males are basically rapists" ad.

Our "best and most productive" wants more immigration, and doesn't care if it's legal or illegal as long as they get cheap labor and more eyes glued to a screen to generate ad revenue. Oh, and most of them are more concerned with the well-being of a certain middle east nation than the USA.

Fuck corporations, hail the American people.

I agree, I’d celebrate if either of those filthy fucks died tonight.
I don’t view Big Corp as our best most productive by any means...I see tradesmen and small business owners as the pillar and backbone to American economics.

I wouldn't mind having big corporations especially ones like Amazon and Google who don't produce anything and only damage the country - taxed to hell and that money spent to revitalize America.

 

[BrokeLoser]

Despite the loud conservative talk, nobody can answer to this.
The median annual earnings of full-time wage and salaried workers in 1979, in today’s dollars, was $43,680. The median earnings in 2018 was $45,708. If from 1979 to 2018, the American economy almost tripled in size, so where did the gains go? Most went to the top.

Are you trying not to understand what’s been said?
The underclass has grown to a rediculous point...it’s dragged the middleclass down with it....the upperclass isn’t really affected by wetbacks.
What else can I teach you?

 

[BrokeLoser]

I just pulled my head from my ass, got an education, worked hard, stayed ambitious and focused on always being and doing better.....And guess what...I have never given two fucks about what anybody else has or what anyone else is earning...weird huh?
I've noticed it always seems to be lowlife, lazy, total pieces of shits who care about what their neighbors have and what they don't have.

That’s fine and dandy but it doesn’t hurt to analyze our economy on a macro level, does it? Why not try and better understand what’s happening with employment, wages, wealth, government, private production, small business, trade etc.

Well, I think we both know where this is headed..we've only had this discussion a million times before...lets just cut to the chase and start begging for free shit from our best, most productive citizens...fuck it.

I have a much easier time sympathizing with unemployed rednecks living in a dilapidated trailerpark up a holler in what used to be coal country than I do poor Mark Zuckerberg or innocent lil' Jeff Bezos. Name one big US corporation and there's a 90% chance they promote subversive trendy left wing causes like Gillette did with it's "all males are basically rapists" ad.

Our "best and most productive" wants more immigration, and doesn't care if it's legal or illegal as long as they get cheap labor and more eyes glued to a screen to generate ad revenue. Oh, and most of them are more concerned with the well-being of a certain middle east nation than the USA.

Fuck corporations, hail the American people.

I agree, I’d celebrate if either of those filthy fucks died tonight.
I don’t view Big Corp as our best most productive by any means...I see tradesmen and small business owners as the pillar and backbone to American economics.

I wouldn't mind having big corporations especially ones like Amazon and Google who don't produce anything and only damage the country - taxed to hell and that money spent to revitalize America.

In theory, I agree, in practice that’s probably a can of worms we don’t want to open.