An Elizabeth Warren Quote Spreading On Social Media; Any Brainy Responses?

[Darkwind]

.

So what, if anything, would be the solution to the problem Warren poses?

Precisely?

And, since no solution is perfect, what would be the potential problems?

.

What worked before? Income inequality has never been at the level it is now.

Our tax policies got us here, why do you think they can't get us out of here?

Well, because I'm neck-deep in this stuff as part of my profession, I have to think about this stuff quite a bit. Given the current nature of the global economy, we would be able to increase personal income tax rates only so far, and not as high as they were in the 50's and 60's.

I would support adding two new margins, one at 44.9% and one at 49.9%. I think we could get away with that without much macro damage.

But that would not be enough to address this, not even close. This is a very complex issue and not solved with one approach.

.

In 40 years the gap between CEO pay and worker pay has gone from 20 times the average worker to over 300 times the average worker. There's something wrong with that. The average worker isn't working any less hard than they were before, they're working harder in fact.

It's a complex issue that isn't going to be solved by the people making 300 times the salary of the working guy. If the government elected to represent that working guy doens't do anything about it, the alternative is seldom pretty.

It isn't a problem, and it isn't a problem that anyone with less education than the CEO's have are going to be able to solve.

I don't care how little anyone else makes. I will not permit low intelligent, minimum wage people determine My worth.

 

[Mad Scientist]

Listen, Senator Lieawatha can SAY whatever she wants and you guys who watch MSNBC all day can BELIEVE whatever it is you want to but at the end of the day, it's peoples ACTIONS that count.

Sen Warren LOVES Bankers and their Money because she takes a lot of it! She's not the first Elected Official to lie and be a sell out, she won't be the last either.

 

[Seawytch]

I don't care how little anyone else makes. I will not permit low intelligent, minimum wage people determine My worth.

The peasants are revolting to you are they? Don't want to be judged by the unwashed masses? Careful, Marie...

 

[JoeMoma]

(Please read with sarcasm)
If we had more minimum wage workers and less Wall Street employees receiving bonuses, then the gap wouldn't be so large. Yeah, that's what we want, more people making minimum wage.

Thanks for telling us that you were being sarcastic! We never can tell! I wish everyone would tell us when they are about to say something sarcastic.

You are so welcome.
(Maybe I'm being sarcastic, maybe I'm not)

 

[Darkwind]

I don't care how little anyone else makes. I will not permit low intelligent, minimum wage people determine My worth.

The peasants are revolting to you are they? Don't want to be judged by the unwashed masses? Careful, Marie...

Until they have paid the dues and wiped as much sweat off of their brows as I have, I could possibly care less, but I don't care less because I don't care.

My worth and income is something I've worked hard for. No one is entitled to limit it to their own notion of 'fair'.

 

[Edgetho]

In 40 years the gap between CEO pay and worker pay has gone from 20 times the average worker to over 300 times the average worker. There's something wrong with that. The average worker isn't working any less hard than they were before, they're working harder in fact.

It's a complex issue that isn't going to be solved by the people making 300 times the salary of the working guy. If the government elected to represent that working guy doens't do anything about it, the alternative is seldom pretty.

What you're too stupid to understand is that in the age you're talking about, very little 'new' was happening.

These days, with all the fantastically successful start-ups, the incredible surge in Internet and gadget Companies (Apple, Microsoft, etc) there would be an expected, sharp rise in CEO pay.

There's also the FACT that dimocrap scum and their Union Criminal pals have run a LOT of good-paying, low-skill, no-skill jobs out of the Country.

And don't give the BULL SHIT about Companies leaving for lower wages in other Countries.

Only dimocrap scum are stupid enough to believe that.

For instance.... Do you know how many Man-hours it takes to manufacture one Car? From the lug nuts to the horn to the grill and the radiator and the tires and engine and transmission?

Of course you don't. You're a dimocrap, which means you're stupid...... So I'll tell you --

Thirty. Not thirty hours from the time it enters to the time it leaves the Line -- Thirty MAN-HOURS..... total.

So let's assume that we pay our workers $50 an hour and the same plant in China pays their workers $5 an hour. It's closer than that, but we'll go with it anyway.

$1,500 in Labor costs for a Car to be made in America. Period.

$150 for China...... ASSUMING they can do it in the same number of Man-Hours, which they can't....... Not even close but, like I said, we'll go with that.

$1,350 difference in labor.

Then, you have to get the car here from China. How much is that? Of course you don't know..... You think someone just waves a magic wand, huh?

No, they have to come here on a big boat. Real big. And they charge a lot of money per car.... Around $600 per car,

So now we're down to around $750 difference.

But WAIT!!!

There's an import Duty that has to be paid. You didn't know about that, did you? Of course you didn't my precious little snow flake.

As of right now, that's 2%

So let's say the car sells for $25k.... Lower than normal but, we'll go with that.

Subtract $500 and we're down to $250 difference.

Then there's the fact that you've got Capital Assets suspended in limbo for the 20 day trip to the US. You have no control of the Company in China and you've got Americans, some of whom are actually Patriotic and are willing to pay $250 more for a car Made In America as opposed to made in a communist Country and....

You know what?

You're a dimocrap. You're just not worth it. You're too stupid.

All of you

 

[Edgetho]

I don't care how little anyone else makes. I will not permit low intelligent, minimum wage people determine My worth.

The peasants are revolting to you are they? Don't want to be judged by the unwashed masses? Careful, Marie...

Look up 'Punicus'

Especially that 3rd little dustup

 

[healthmyths]

Doesn't work like that....never has.....by keeping government out of the way wealth can be created for everyone....that is how we out performed the rest of the world in a mere 200 years of existence....the more th government confiscates in taxes, the more governmnent taxes, fines and increases fees to the point of destroying business growth...then you have limited wealth concentrated in the hands of politicians and their pet businesses.....

Government is the problem, not the answer to wealth creation for all people....

You don't know what you're talking about. When you think the height of American prosperity was? With the gap between rich and poor the lowest?

FACTS sometimes are very revealing rather then GUESSES like you are doing......
The number of U.S. households with a net worth of $1 million or more, excluding primary residence, rose to 9.63 million in 2013, according to a new report from Spectrem Group, a consulting and research firm.
Number of millionaire households in the U.S. reaches high - Mar. 14 2014
So as a percent of the 115,610,216 USA Households, in 2013 works out to 8% of all households have $1 million net worth.
(Persons per household, 2009-2013 2.63)

In 1850, the US was home to 19 millionaires. By the end of the 1890's the number of millionaires in the US had swelled to more than 4,000.
American Experience . America 1900 . People amp Events PBS
In 1890 when there were 4,000 millionaires there were 12,690,000 households OR 3/10th of 1% or 0.032%
U.S. Households Families and Married Couples 1890 2006

8% of households in 2013 are millionaires versus 0.032% in 1890... would that not mean the PIE is getting bigger and more importantly more of us
are getting a share of that PIE???
OH to discount argument about inflation?
In 1850 one dollar could buy what $25.82 buys today.

 

[occupied]

Listen, Senator Lieawatha can SAY whatever she wants and you guys who watch MSNBC all day can BELIEVE whatever it is you want to but at the end of the day, it's peoples ACTIONS that count.

Sen Warren LOVES Bankers and their Money because she takes a lot of it! She's not the first Elected Official to lie and be a sell out, she won't be the last either.

She takes very little of it in comparison to your lapdogs and there is no sign that it has influenced her policy positions, she scares the fuck out of people because she stands a real chance of upsetting the applecart of the ruling class. It's high time someone besides the plutocrats get a voice in government.

 

[Manonthestreet]

Warren and her compatriots also fail to understand that big businesses like costly, intrusive regulations when they handicap new competitors.

It's no surprise that Dodd-Frank — which was supposed to rein in the excesses of big banks — not only didn't get rid of the "too big to fail" problem, it hampered community banks that used to compete with the big ones. What Elizabeth Warren Missed in Her Big Bank Tirade - Investors.com

 

[Manonthestreet]

The irony of Warren rejecting an offer from the right to fight Ex-Im together was not lost on The Washington Examiner's Tim Carney:

Democratic Sen. Elizabeth Warren loves to shoot barbs at Wall Street. She also enjoys forcing taxpayers to absorb Wall Street's risks while the banks pocket the profits.

... At Ex-Im's annual conference, one Wall Streeter described Ex-Im's loan guarantees to me as "free money." Is Elizabeth Warren really fine with free money to Wall Street? Elizabeth Warren Hypocrite Supports Ex-Im Bank - Hit Run Reason.com

 

[NYcarbineer]

Doesn't work like that....never has.....by keeping government out of the way wealth can be created for everyone....that is how we out performed the rest of the world in a mere 200 years of existence....the more th government confiscates in taxes, the more governmnent taxes, fines and increases fees to the point of destroying business growth...then you have limited wealth concentrated in the hands of politicians and their pet businesses.....

Government is the problem, not the answer to wealth creation for all people....

You don't know what you're talking about. When you think the height of American prosperity was? With the gap between rich and poor the lowest?

FACTS sometimes are very revealing rather then GUESSES like you are doing......
The number of U.S. households with a net worth of $1 million or more, excluding primary residence, rose to 9.63 million in 2013, according to a new report from Spectrem Group, a consulting and research firm.
Number of millionaire households in the U.S. reaches high - Mar. 14 2014
So as a percent of the 115,610,216 USA Households, in 2013 works out to 8% of all households have $1 million net worth.
(Persons per household, 2009-2013 2.63)

In 1850, the US was home to 19 millionaires. By the end of the 1890's the number of millionaires in the US had swelled to more than 4,000.
American Experience . America 1900 . People amp Events PBS
In 1890 when there were 4,000 millionaires there were 12,690,000 households OR 3/10th of 1% or 0.032%
U.S. Households Families and Married Couples 1890 2006

8% of households in 2013 are millionaires versus 0.032% in 1890... would that not mean the PIE is getting bigger and more importantly more of us
are getting a share of that PIE???
OH to discount argument about inflation?
In 1850 one dollar could buy what $25.82 buys today.

lol, you're proving MY point, dumbass.

 

[NYcarbineer]

lol, maybe you RWnuts should be arguing with your own heroes:

Ted Cruz, Rand Paul and Marco Rubio decry income inequality...

Ted Cruz Rand Paul and Marco Rubio decry income inequality clash over foreign policy - The Washington Post

 

[bripat9643]

"The total amount of money that Wall Street handed out in BONUSES last year was DOUBLE the total income of ALL FULL TIME Minimum Wage Workers. That's obscene.. ~Elizabeth Warren

Any significant brainy responses to this?

I think in the end of this discussion, most people will notice our Economy was exactly like it was just before the Great Depression. A few had it all and the majority had little. What's sad is the poor people are fighting for their own poverty, they think they will get paid more if their employers aren't restricted by Big Gov......Yea, Your employer is using you like a tool to lower restrictions to make even more profits and make you more poor. Thanks for playing.

Small business will not make it into this discussion because it didn't have enough $ to buy politicians.

People earning minimum wage need to learn how to become financial analysts.

 

[occupied]

Doesn't work like that....never has.....by keeping government out of the way wealth can be created for everyone....that is how we out performed the rest of the world in a mere 200 years of existence....the more th government confiscates in taxes, the more governmnent taxes, fines and increases fees to the point of destroying business growth...then you have limited wealth concentrated in the hands of politicians and their pet businesses.....

Government is the problem, not the answer to wealth creation for all people....

You don't know what you're talking about. When you think the height of American prosperity was? With the gap between rich and poor the lowest?

FACTS sometimes are very revealing rather then GUESSES like you are doing......
The number of U.S. households with a net worth of $1 million or more, excluding primary residence, rose to 9.63 million in 2013, according to a new report from Spectrem Group, a consulting and research firm.
Number of millionaire households in the U.S. reaches high - Mar. 14 2014
So as a percent of the 115,610,216 USA Households, in 2013 works out to 8% of all households have $1 million net worth.
(Persons per household, 2009-2013 2.63)

In 1850, the US was home to 19 millionaires. By the end of the 1890's the number of millionaires in the US had swelled to more than 4,000.
American Experience . America 1900 . People amp Events PBS
In 1890 when there were 4,000 millionaires there were 12,690,000 households OR 3/10th of 1% or 0.032%
U.S. Households Families and Married Couples 1890 2006

8% of households in 2013 are millionaires versus 0.032% in 1890... would that not mean the PIE is getting bigger and more importantly more of us
are getting a share of that PIE???
OH to discount argument about inflation?
In 1850 one dollar could buy what $25.82 buys today.

lol, you're proving MY point, dumbass.

It's kind of disheartening to see these people react to good honest American populism with horror and revulsion and instinctively close ranks around the financial elite.

 

[deltex1]

"The total amount of money that Wall Street handed out in BONUSES last year was DOUBLE the total income of ALL FULL TIME Minimum Wage Workers. That's obscene.. ~Elizabeth Warren

Any significant brainy responses to this?

I think in the end of this discussion, most people will notice our Economy was exactly like it was just before the Great Depression. A few had it all and the majority had little. What's sad is the poor people are fighting for their own poverty, they think they will get paid more if their employers aren't restricted by Big Gov......Yea, Your employer is using you like a tool to lower restrictions to make even more profits and make you more poor. Thanks for playing.

Small business will not make it into this discussion because it didn't have enough $ to buy politicians.

Obviously...to make the numbers fair and equal we need more minimum wage earners. There is simply not enough of them at this point in time.

 

[EricJ]

"The total amount of money that Wall Street handed out in BONUSES last year was DOUBLE the total income of ALL FULL TIME Minimum Wage Workers. That's obscene.. ~Elizabeth Warren

Any significant brainy responses to this?

I think in the end of this discussion, most people will notice our Economy was exactly like it was just before the Great Depression. A few had it all and the majority had little. What's sad is the poor people are fighting for their own poverty, they think they will get paid more if their employers aren't restricted by Big Gov......Yea, Your employer is using you like a tool to lower restrictions to make even more profits and make you more poor. Thanks for playing.

Small business will not make it into this discussion because it didn't have enough $ to buy politicians.

People earning minimum wage need to learn how to become financial analysts.

Naw, they just need to get a job as nuclear scientists. Problem solved!

 

[FJO]

Has Elizabeth Warren ever worked for minimum wage? Probably not.

Have any of those CEO's receiving those bonuses, Warren is bitching about, ever worked for minimum wage? Probably yes.

 

[healthmyths]

"The total amount of money that Wall Street handed out in BONUSES last year was DOUBLE the total income of ALL FULL TIME Minimum Wage Workers. That's obscene.. ~Elizabeth Warren

Any significant brainy responses to this?

I think in the end of this discussion, most people will notice our Economy was exactly like it was just before the Great Depression. A few had it all and the majority had little. What's sad is the poor people are fighting for their own poverty, they think they will get paid more if their employers aren't restricted by Big Gov......Yea, Your employer is using you like a tool to lower restrictions to make even more profits and make you more poor. Thanks for playing.

Small business will not make it into this discussion because it didn't have enough $ to buy politicians.

People earning minimum wage need to learn how to become financial analysts.

Well obviously you never worked at minimum wage.
Most of us that are NOW successful DID so to get good work skills, easy to pick up but necessary for any future business career.
Be on time. Be at work regularly. Follow instructions. These basic skills are learned in minimum wage jobs.
So any adult over age 25 STILL in a minimum wage job ... I'm sorry. But for the rest of us that worked at minimum wage it was a starting point.. not the
end of the road.
The facts support this when you do a little research and find:

In 1979 6,912,000 or 13.4% of all hourly workers worked at minimum wage or of the total hourly workers of 51,582,090
In 1989 3,162,000 or 50% LESS working at minimum wage of the 62,000,000 people working at hourly wage
In 2009 there were 3,572,000 people working at minimum wage of the total work force of 72,897,959 at hourly wage or 4.9%
Finally in 2013 there were 3,300,000 working at minimum or 4.3% of the total 76,744,186 that work at hourly rate.
AND of the 3.3 million working at minimum wage:
Among employed teenagers paid by the hour, about 21 percent earned the minimum wage or less, compared
with about 3 percent of workers age 25 and the remaining at age 16 to 24 years,1,797,000 at or below minimum wage.

Tables 1 - 10 Characteristics of Minimum Wage Workers 2012
Isn't it strange how just a little research can expand most people's minds but to the research requires an OPEN mind in the first place!

 

[bripat9643]

"The total amount of money that Wall Street handed out in BONUSES last year was DOUBLE the total income of ALL FULL TIME Minimum Wage Workers. That's obscene.. ~Elizabeth Warren

Any significant brainy responses to this?

I think in the end of this discussion, most people will notice our Economy was exactly like it was just before the Great Depression. A few had it all and the majority had little. What's sad is the poor people are fighting for their own poverty, they think they will get paid more if their employers aren't restricted by Big Gov......Yea, Your employer is using you like a tool to lower restrictions to make even more profits and make you more poor. Thanks for playing.

Small business will not make it into this discussion because it didn't have enough $ to buy politicians.

People earning minimum wage need to learn how to become financial analysts.

Naw, they just need to get a job as nuclear scientists. Problem solved!

So you agree that nothing is stopping them from improving their standard of living?