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Old 07-02-2018, 05:48 AM
 
12,963 posts, read 4,670,892 times
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Quote:
Originally Posted by InformedConsent View Post
No, control, as in manage
So you STILL misunderstand what he said? Here is a link:

https://www.washingtonpost.com/poste...=.49e8f4ea4264

Not a single person, no media outlet, no research economist has been able to misunderstand what Ed Wolf is referring to except you who keep talking about fund managers. Its funny how you can misunderstand something so basic and have no source at all except your imagination.
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Old 07-02-2018, 05:50 AM
 
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Originally Posted by InformedConsent View Post
UCLA. Very left-wing. They don't hate FDR, Medicare, and SS.
Those two economists are not "very left wing". Anyone can find economists saying anything to support their political agenda. There are thousands upon thousands who disagree that FDR sucked.
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Old 07-02-2018, 06:02 AM
 
66,658 posts, read 30,414,576 times
Reputation: 8702
Quote:
Originally Posted by PCALMike View Post
So you STILL misunderstand what he said?
No, I don't. Wolff is known for conflating "control" with "own." They're not the same.

G. William Domhoff PhD, USCS:

"In fact, of course, the top 20% control 85% of the wealth."

"With those caveats in mind, we can still safely say that the top 10% of the world's adults control about 85% of global household wealth"
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Old 07-02-2018, 08:24 AM
 
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Quote:
Originally Posted by InformedConsent View Post
No, I don't. Wolff is known for conflating "control" with "own." They're not the same. [/i]
You are the only one who is confused about him using control as meaning own, no business paper, research economist or anyone else is confused about it, and you are quoting another economist who also is in agreement with Wolff. Give us a source that says you are right, please and that Wolff refers to what you are saying.
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Old 07-02-2018, 08:27 AM
 
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Quote:
Originally Posted by PCALMike View Post
You are the only one who is confused about him using control as meaning own
No, you are. Everyone else knows the difference between "own" and "control" and aren't as easily duped by intentionally manipulative deception.

Again... $27 trillion in investments owned by American workers/retirees says it all.
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Old 07-02-2018, 08:36 AM
 
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Originally Posted by InformedConsent View Post
No, you are. Everyone else knows the difference between "own" and "control" and aren't as easily duped by intentionally manipulative deception.
So every economist, every research paper, every business paper, every financial magazine, has been duped by Wolff, and you, with no sources, claim you have found that Wolff is manipulating everyone by using control as in "having ownership of"? Are you serious?
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Old 07-02-2018, 08:37 AM
 
66,658 posts, read 30,414,576 times
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Quote:
Originally Posted by PCALMike View Post
So every economist, every research paper, every business paper, every financial magazine, has been duped by Wolff, and you, with no sources, claim you have found that Wolff is manipulating everyone by using control as in "having ownership of"? Are you serious?
Everyone? No. People like you? Yes.

$27 trillion in investments owned by American workers/retirees says it all.
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Old 07-02-2018, 08:40 AM
 
12,963 posts, read 4,670,892 times
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Originally Posted by InformedConsent View Post
Everyone? No.
Then which business paper, financial magazine or research economist claim that he is referring to "manage" instead of own when talking about "control" like you say he does? You give no sources to your claim at all. Its utterly absurd.
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Old 07-02-2018, 08:51 AM
 
66,658 posts, read 30,414,576 times
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Quote:
Originally Posted by PCALMike View Post
Then which business paper, financial magazine or research economist claim that he is referring to "manage" instead of own when talking about "control" like you say he does?
The ones who correctly report "control" instead of "own." And I already cited one from the PhD at USCS.

Come on, Mike... You're flat out wrong about so many things, including who's funding the Urban Institute. It very clearly states who's donated how much in their Financials Report, yet you insist on posting your false claims.
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Old 07-02-2018, 09:11 AM
 
12,963 posts, read 4,670,892 times
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Originally Posted by InformedConsent View Post
The ones who correctly report "control" instead of "own." And I already cited one from the PhD at USCS.
You cited this guy, a man who is in total agreement with Wolff:

https://whorulesamerica.ucsc.edu/power/wealth.html

You are deeply confused. Not a single person misunderstand what Wolff is referring to except you.
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