The largest transfer of wealth in the history of the world...

[Ray From Cleveland]

Ray, I know of many people busting their butts and can't make ends meet with mom and dad working. It's not eze like in the '70s where a guy like me could go to school on the g.i. bill, maybe just work part time on weekends. This was in high priced Los Angeles county. Lot of things changed. People aren't making it on prevailing wages. You could say people buy too many toys but people buying stuff keeps the economy afloat.

And from what I understand, people are leaving CA in droves as they should. The problem is they are leftists and move to a good Republican state, vote the same way they did in CA, and start ruining that state as well. Democrat voters are not very bright. They seen what their Democrat policies did to their former state, and vote the same way in their new state. You know, the definition of insanity is.........

This is not the 70's and we will never see the 70's again. In the 70's, you could graduate high school, get a job at UPS, the steel mills, the auto plant just to name a few, and make great money without an education or skill. Those days went out with the dial phone. True, those jobs are still around, but don't pay the wage and benefits they used to.

So we had to adjust. Those of us who did, made out okay. Those of us who didn't end up like your friend; working all the time and not bringing in enough money.

My advice to your friend would be move TF out of California, but if he does, don't ruin the next state by voting Democrat. Get a skill or trade. Making more money and having a lower cost of living will provide him, his wife and children a much better way of life.

 

[jasonnfree]

Ray, I know of many people busting their butts and can't make ends meet with mom and dad working. It's not eze like in the '70s where a guy like me could go to school on the g.i. bill, maybe just work part time on weekends. This was in high priced Los Angeles county. Lot of things changed. People aren't making it on prevailing wages. You could say people buy too many toys but people buying stuff keeps the economy afloat.

And from what I understand, people are leaving CA in droves as they should. The problem is they are leftists and move to a good Republican state, vote the same way they did in CA, and start ruining that state as well. Democrat voters are not very bright. They seen what their Democrat policies did to their former state, and vote the same way in their new state. You know, the definition of insanity is.........

This is not the 70's and we will never see the 70's again. In the 70's, you could graduate high school, get a job at UPS, the steel mills, the auto plant just to name a few, and make great money without an education or skill. Those days went out with the dial phone. True, those jobs are still around, but don't pay the wage and benefits they used to.

So we had to adjust. Those of us who did, made out okay. Those of us who didn't end up like your friend; working all the time and not bringing in enough money.

My advice to your friend would be move TF out of California, but if he does, don't ruin the next state by voting Democrat. Get a skill or trade. Making more money and having a lower cost of living will provide him, his wife and children a much better way of life.

You're right about people leaving California. It's too expensive and with climate change, of which republicans refuse to believe, things are getting expensive and dangerous with all the forest fires etc. Property still going up in value though because of demand. The reason the working class is going broke is because of the serious tax cuts given to billionaires and corporations over the years. Notice the tax cuts for those at the top are forever but the ones for the working class go back up in 3 or 4 years. Most of the money goes to those at the very top as always while workers wages remain stagnant. Used to have unions in this country to keep wages high but there are very few unions now. I know that there's wordage by Lincoln who said 'this country being of , by, and for the people'. That belief is dead. anymore it's of, by, and for the wealthiest of the wealthy and the corporations. We the average people don't count and we are becoming a 3rd world country.

 

[Ray From Cleveland]

You're right about people leaving California. It's too expensive and with climate change, of which republicans refuse to believe, things are getting expensive and dangerous with all the forest fires etc. Property still going up in value though because of demand. The reason the working class is going broke is because of the serious tax cuts given to billionaires and corporations over the years. Notice the tax cuts for those at the top are forever but the ones for the working class go back up in 3 or 4 years. Most of the money goes to those at the very top as always while workers wages remain stagnant. Used to have unions in this country to keep wages high but there are very few unions now. I know that there's wordage by Lincoln who said 'this country being of , by, and for the people'. That belief is dead. anymore it's of, by, and for the wealthiest of the wealthy and the corporations. We the average people don't count and we are becoming a 3rd world country.

The only way we will end up a third world country is if Democrats have enough power to drag in mass amounts of third world people. Climate change has nothing to do with forest fires. It has to do with a Democrat led state that refuses to remove dead wood which is primary fuel for fires because of eco-system fears.

How do tax breaks for our job providers create poverty? All taxes do is make government richer-- not the citizens. Tax reductions result in more jobs being created which happened under President Trump. In fact before the Wuhan flu, we had over 1.5 million more jobs than Americans who could work them. I'm 60 years old, and I've never seen that happen in my lifetime.

Unions disappeared because the American consumer had different demands. In the early 80's and after the recession, American consumers quit buying those American made union products. Cheap foreign imports are what consumed the market, and it still goes on today. Walmart is still our number one store. Amazon is quickly taking the lead. Americans have no solidarity with American workers because of unions, so the unions went by the wayside, jobs disappeared by the tens of millions, and we finally understood that unions only kill American jobs.

 

[georgephillip]

First off your link is an opinion piece, not actual research. Human labor is being replaced by foreign human labor or automation. Less human labor means wages will not increase for a non-skilled worker

Opinions are largely what this board is about. There is also the reality that a majority of American workers have not shared in the economic gains over the past forty years.

Automation offers the possibility of freeing humanity from the need to work if there's any common ground between those who can't conceive of a world where subsistence is separated from labor and those who can.

Automation may take our jobs—but it’ll restore our humanity

"The argument goes like this: Artificial intelligence is getting better and better at automating things that humans do.

"Not just repetitive tasks like assembling parts in a factory, but complex tasks that have traditionally been the domain of humans.

"Pretty soon, these machine agents will take all the jobs.

"Humans need not apply."

 

[Toddsterpatriot]

First off your link is an opinion piece, not actual research. Human labor is being replaced by foreign human labor or automation. Less human labor means wages will not increase for a non-skilled worker

Opinions are largely what this board is about. There is also the reality that a majority of American workers have not shared in the economic gains over the past forty years.

Automation offers the possibility of freeing humanity from the need to work if there's any common ground between those who can't conceive of a world where subsistence is separated from labor and those who can.

Automation may take our jobs—but it’ll restore our humanity

"The argument goes like this: Artificial intelligence is getting better and better at automating things that humans do.

"Not just repetitive tasks like assembling parts in a factory, but complex tasks that have traditionally been the domain of humans.

"Pretty soon, these machine agents will take all the jobs.

"Humans need not apply."

There is also the reality that a majority of American workers have not shared in the economic gains over the past forty years.

Just because you've failed for the last 40 years, doesn't mean all workers are like you.

 

[georgephillip]

It's not a matter of the rich having too much money, presidents of past, or our economic system. It's just that some people won't put forth the effort t

The gorilla in the room is the amount of private debt that's strangling the productive economy in this country. For thousands of years it has been known that debt multiplies exponentially while production follows an "S" curve.

Your suggestion to acquire useful training is a good one, but the cost of for-profit education means the cost of living and doing business will offset any individual wage gains.

Exclusive: How Private Debt Strangles Growth, Stokes Financial Crises, and Increases Inequality | naked capitalism

"The primary issue is not public debt but private debt. It was the runaway growth of private debt—the total of business and household debt—coupled with a high overall level of private debt that led to the crisis of 2008.

"And even today, after modest deleveraging, the level of private debt remains high and impedes stronger economic growth.

"Rapid private debt growth also fueled what were viewed as triumphs in their day—the Roaring Twenties, the Japanese 'economic miracle' of the ’80s, and the Asian boom of the ’90s—but each of these were debt-fueled binges that brought these economies to the brink of economic ruin"

 

[Ray From Cleveland]

First off your link is an opinion piece, not actual research. Human labor is being replaced by foreign human labor or automation. Less human labor means wages will not increase for a non-skilled worker

Opinions are largely what this board is about. There is also the reality that a majority of American workers have not shared in the economic gains over the past forty years.

Automation offers the possibility of freeing humanity from the need to work if there's any common ground between those who can't conceive of a world where subsistence is separated from labor and those who can.

Automation may take our jobs—but it’ll restore our humanity

"The argument goes like this: Artificial intelligence is getting better and better at automating things that humans do.

"Not just repetitive tasks like assembling parts in a factory, but complex tasks that have traditionally been the domain of humans.

"Pretty soon, these machine agents will take all the jobs.

"Humans need not apply."

That's a possibility, however not in our lifetime; at least not mine anyway. As to your article, I'm not going to give them my email address so they can bug me to sign up for the next five years.

The truth of the matter is that the less people there are to do X job, the higher the wage offers go. That's provided you don't throw a monkey wrench in the supply and demand works like foreign labor. So as automation takes these jobs, there are more and more blue collar workers for employers with manual labor jobs to choose from, therefore they can offer less and less money. It's why places like fast food restaurants, Walmart, car washes pay so little; anybody can do those jobs. Why would you pay 9 bucks an hour for work when you can get people to do it for 8.50 an hour?

The workers who didn't share in in economic gains are those who didn't make any investments either in themselves or in the various markets. As the old saying goes, you're never going to get rich working for somebody else. The opportunity was certainly there, but as we discussed, it takes a lot of sacrifices, not having things you'd like to have, serious risks, and perhaps working night and day. But it can be (and is) done as millions of Americans have.

 

[Ray From Cleveland]

It's not a matter of the rich having too much money, presidents of past, or our economic system. It's just that some people won't put forth the effort t

The gorilla in the room is the amount of private debt that's strangling the productive economy in this country. For thousands of years it has been known that debt multiplies exponentially while production follows an "S" curve.

Your suggestion to acquire useful training is a good one, but the cost of for-profit education means the cost of living and doing business will offset any individual wage gains.

Exclusive: How Private Debt Strangles Growth, Stokes Financial Crises, and Increases Inequality | naked capitalism

"The primary issue is not public debt but private debt. It was the runaway growth of private debt—the total of business and household debt—coupled with a high overall level of private debt that led to the crisis of 2008.

"And even today, after modest deleveraging, the level of private debt remains high and impedes stronger economic growth.

"Rapid private debt growth also fueled what were viewed as triumphs in their day—the Roaring Twenties, the Japanese 'economic miracle' of the ’80s, and the Asian boom of the ’90s—but each of these were debt-fueled binges that brought these economies to the brink of economic ruin"

What are you talking about? As long as I've been alive, we've been a country of private and public debt. Credit makes the country go round: more social programs for more people, politicians carelessly giving our money away to shit they have no business giving our money to, people who have a 30 year mortgage on their house, a 5 year loan repayment plan on their car, credit cards, monthly payments on their smart phone, you name it. While the private debt grows, it also circulates money which is good for the whole country.

In spite of that we had great economic times such as recently before the Wuhan flu. It was the best economy in nearly 50 years. We've also had recessions. Speaking of 2008, what caused that problem was the housing collapse. We had people who made some money, parlayed their profit into more and more housing investments. It was a bubble that was bound to burst, and only the wise were able to see it coming.

 

[Toddsterpatriot]

It's not a matter of the rich having too much money, presidents of past, or our economic system. It's just that some people won't put forth the effort t

The gorilla in the room is the amount of private debt that's strangling the productive economy in this country. For thousands of years it has been known that debt multiplies exponentially while production follows an "S" curve.

Your suggestion to acquire useful training is a good one, but the cost of for-profit education means the cost of living and doing business will offset any individual wage gains.

Exclusive: How Private Debt Strangles Growth, Stokes Financial Crises, and Increases Inequality | naked capitalism

"The primary issue is not public debt but private debt. It was the runaway growth of private debt—the total of business and household debt—coupled with a high overall level of private debt that led to the crisis of 2008.

"And even today, after modest deleveraging, the level of private debt remains high and impedes stronger economic growth.

"Rapid private debt growth also fueled what were viewed as triumphs in their day—the Roaring Twenties, the Japanese 'economic miracle' of the ’80s, and the Asian boom of the ’90s—but each of these were debt-fueled binges that brought these economies to the brink of economic ruin"

For thousands of years it has been known that debt multiplies exponentially while production follows an "S" curve.

Who knew that?

 

[georgephillip]

That's awful!

None were killed by capitalism

All were killed by crony capitalism.

Peter Cohn Next Film: Crony (Capitalism) Nation "Under Developing"

 

[Toddsterpatriot]

That's awful!

None were killed by capitalism

All were killed by crony capitalism.
View attachment 436141
Peter Cohn Next Film: Crony (Capitalism) Nation "Under Developing"

You're lying. Again.

 

[georgephillip]

Capitalism requires co

So what does the virus have to do with capitalism?

Capitalism requires constant consumption to maintain prosperity; how does that work out during a global pandemic?

 

[Ray From Cleveland]

apitalism requires constant consumption to maintain prosperity; how does that work out during a global pandemic?

Apparently pretty good.

 

[BertramN]

That few know about, thanks to a billionaire/government controlled corporate media.

Are not the following words depressingly true?

The Institute for Policy Studies has just released a new analysis showing that since the start of the Covid-19 “pandemic” in mid-March and the subsequent transfer upwards of $5 trillion to the wealthy and largest corporations through the Cares Act, approved 96-0 in the U.S. Senate, 650 U.S. billionaires have gained over a trillion dollars in eight months as the America people have suffered an economic catastrophe. This shift upward of massive wealth under Trump is similar to Obama’s massive 2009 bailout of the banks on the backs of American workers. Both were justified through feats of legerdemain by both political parties, accomplices in the fleecing of regular people, many of whom continue to support the politicians that screw them while telling them they care.

If the Democrats and the Republicans are at war as is often claimed, it is only over who gets the larger part of the spoils. Trump and Biden work for the same bosses, those I call the Umbrella People (those who own and run the country through their intelligence/military/media operatives), who produce and direct the movie that keeps so many Americans on the edge of their seats in the hope that their chosen good guy wins in the end.
The Past Lives On: The Elite Strategy To Divide and Conquer – Edward Curtin

"transfer of wealth"
That's such a neat catch phrase....it always seems to get the beggars among us worked up into a begging frenzy.
I'm still confused by this "transfer" and how it all works.
Explain a little further in your own words would you please....Are you saying wealthy positive contributors were somehow stealing from ShaQuita and Guadalupe who have an effective tax rate of zero? How were these wealthy positive contributors "transferring wealth" from the empty bank accounts of ShaQuita and Guadalupe?
Explain this so we have a better understanding...maybe we can level with you if you can better inform us dummies.
Thank in advance.

As a RWNJ who understands nothing of what the OP states, your idiotic response was everything expected.

Keep your RWNJ-head buried in the sand, it puts your a$$ high in the air so the 651 members of America's ruling billionaire class can walk by and kick it regularly.

Such a shame, the billionaires would show such disrespect for a voter that supports every policy and multi-trillion-dollar federal giveaway the ruling billionaire class receives. But, it is an a$$ asking to be kicked.


.

.

 

[Toddsterpatriot]

Capitalism requires co

So what does the virus have to do with capitalism?

Capitalism requires constant consumption to maintain prosperity; how does that work out during a global pandemic?

Capitalism requires constant consumption to maintain prosperity

What does communism require to maintain prosperity?

 

[Toddsterpatriot]

That few know about, thanks to a billionaire/government controlled corporate media.

Are not the following words depressingly true?

The Institute for Policy Studies has just released a new analysis showing that since the start of the Covid-19 “pandemic” in mid-March and the subsequent transfer upwards of $5 trillion to the wealthy and largest corporations through the Cares Act, approved 96-0 in the U.S. Senate, 650 U.S. billionaires have gained over a trillion dollars in eight months as the America people have suffered an economic catastrophe. This shift upward of massive wealth under Trump is similar to Obama’s massive 2009 bailout of the banks on the backs of American workers. Both were justified through feats of legerdemain by both political parties, accomplices in the fleecing of regular people, many of whom continue to support the politicians that screw them while telling them they care.

If the Democrats and the Republicans are at war as is often claimed, it is only over who gets the larger part of the spoils. Trump and Biden work for the same bosses, those I call the Umbrella People (those who own and run the country through their intelligence/military/media operatives), who produce and direct the movie that keeps so many Americans on the edge of their seats in the hope that their chosen good guy wins in the end.
The Past Lives On: The Elite Strategy To Divide and Conquer – Edward Curtin

"transfer of wealth"
That's such a neat catch phrase....it always seems to get the beggars among us worked up into a begging frenzy.
I'm still confused by this "transfer" and how it all works.
Explain a little further in your own words would you please....Are you saying wealthy positive contributors were somehow stealing from ShaQuita and Guadalupe who have an effective tax rate of zero? How were these wealthy positive contributors "transferring wealth" from the empty bank accounts of ShaQuita and Guadalupe?
Explain this so we have a better understanding...maybe we can level with you if you can better inform us dummies.
Thank in advance.

As a RWNJ who understands nothing of what the OP states, your idiotic response was everything expected.

Keep your RWNJ-head buried in the sand, it puts your a$$ high in the air so the 651 members of America's ruling billionaire class can walk by and kick it regularly.

Such a shame, the billionaires would show such disrespect for a voter that supports every policy and multi-trillion-dollar federal giveaway the ruling billionaire class receives. But, it is an a$$ asking to be kicked.


.

.

You fell for that moronic $5 trillion claim?

 

[BertramN]

That few know about, thanks to a billionaire/government controlled corporate media.

Are not the following words depressingly true?

The Institute for Policy Studies has just released a new analysis showing that since the start of the Covid-19 “pandemic” in mid-March and the subsequent transfer upwards of $5 trillion to the wealthy and largest corporations through the Cares Act, approved 96-0 in the U.S. Senate, 650 U.S. billionaires have gained over a trillion dollars in eight months as the America people have suffered an economic catastrophe. This shift upward of massive wealth under Trump is similar to Obama’s massive 2009 bailout of the banks on the backs of American workers. Both were justified through feats of legerdemain by both political parties, accomplices in the fleecing of regular people, many of whom continue to support the politicians that screw them while telling them they care.

If the Democrats and the Republicans are at war as is often claimed, it is only over who gets the larger part of the spoils. Trump and Biden work for the same bosses, those I call the Umbrella People (those who own and run the country through their intelligence/military/media operatives), who produce and direct the movie that keeps so many Americans on the edge of their seats in the hope that their chosen good guy wins in the end.
The Past Lives On: The Elite Strategy To Divide and Conquer – Edward Curtin

"transfer of wealth"
That's such a neat catch phrase....it always seems to get the beggars among us worked up into a begging frenzy.
I'm still confused by this "transfer" and how it all works.
Explain a little further in your own words would you please....Are you saying wealthy positive contributors were somehow stealing from ShaQuita and Guadalupe who have an effective tax rate of zero? How were these wealthy positive contributors "transferring wealth" from the empty bank accounts of ShaQuita and Guadalupe?
Explain this so we have a better understanding...maybe we can level with you if you can better inform us dummies.
Thank in advance.

As a RWNJ who understands nothing of what the OP states, your idiotic response was everything expected.

Keep your RWNJ-head buried in the sand, it puts your a$$ high in the air so the 651 members of America's ruling billionaire class can walk by and kick it regularly.

Such a shame, the billionaires would show such disrespect for a voter that supports every policy and multi-trillion-dollar federal giveaway the ruling billionaire class receives. But, it is an a$$ asking to be kicked.


.

.

You fell for that moronic $5 trillion claim?

And we have another RWNJ displaying his a$$ to be kicked by the 651 billionaires.

The billionaires must be laughing, "So many RWNJs' a$$es to kick, but so little time."


.

 

[francoHFW]

The biggest transfer wealth in history has been the last 30 years, from regular people to the rich because of the scumbag GOP. only garbage propaganda makes this mess possible along with ignoramuses like the GOP base

 

[BrokeLoser]

That few know about, thanks to a billionaire/government controlled corporate media.

Are not the following words depressingly true?

The Institute for Policy Studies has just released a new analysis showing that since the start of the Covid-19 “pandemic” in mid-March and the subsequent transfer upwards of $5 trillion to the wealthy and largest corporations through the Cares Act, approved 96-0 in the U.S. Senate, 650 U.S. billionaires have gained over a trillion dollars in eight months as the America people have suffered an economic catastrophe. This shift upward of massive wealth under Trump is similar to Obama’s massive 2009 bailout of the banks on the backs of American workers. Both were justified through feats of legerdemain by both political parties, accomplices in the fleecing of regular people, many of whom continue to support the politicians that screw them while telling them they care.

If the Democrats and the Republicans are at war as is often claimed, it is only over who gets the larger part of the spoils. Trump and Biden work for the same bosses, those I call the Umbrella People (those who own and run the country through their intelligence/military/media operatives), who produce and direct the movie that keeps so many Americans on the edge of their seats in the hope that their chosen good guy wins in the end.
The Past Lives On: The Elite Strategy To Divide and Conquer – Edward Curtin

"transfer of wealth"
That's such a neat catch phrase....it always seems to get the beggars among us worked up into a begging frenzy.
I'm still confused by this "transfer" and how it all works.
Explain a little further in your own words would you please....Are you saying wealthy positive contributors were somehow stealing from ShaQuita and Guadalupe who have an effective tax rate of zero? How were these wealthy positive contributors "transferring wealth" from the empty bank accounts of ShaQuita and Guadalupe?
Explain this so we have a better understanding...maybe we can level with you if you can better inform us dummies.
Thank in advance.

As a RWNJ who understands nothing of what the OP states, your idiotic response was everything expected.

Keep your RWNJ-head buried in the sand, it puts your a$$ high in the air so the 651 members of America's ruling billionaire class can walk by and kick it regularly.

Such a shame, the billionaires would show such disrespect for a voter that supports every policy and multi-trillion-dollar federal giveaway the ruling billionaire class receives. But, it is an a$$ asking to be kicked.


.

.

LefTard Logic:
“Wealthy people are bad for America....wetbacks, BLM filth, pole puffers, rug munchers, chicks with dicks and woke white quilt whackos are good for America.”

 

[Ray From Cleveland]

The biggest transfer wealth in history has been the last 30 years, from regular people to the rich because of the scumbag GOP. only garbage propaganda makes this mess possible along with ignoramuses like the GOP base

In the last 30 years, a Democrat President held office for 16 years, and both Presidents had (at least for a time) a Democrat House.