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Old 09-02-2010, 04:14 PM
 
Location: Warwick, RI
4,611 posts, read 5,238,967 times
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With the rich having already stolen 40% of the economy, if you aren't rich now you never will be.
With that attitude, you are absolutley right, you never will be.
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Old 09-02-2010, 09:06 PM
 
8,265 posts, read 11,690,556 times
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Quote:
Originally Posted by treasurekidd View Post
With that attitude, you are absolutley right, you never will be.
Yup, people like that will be throwing up their hands about not getting anywhere ten years from now. The rest of us will be working hard and making wise decisions to better ourselves, so that the "game is fixed" types can serve us french fries.
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Old 09-04-2010, 03:23 PM
 
Location: Orange County, CA
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In a decade or two, if economic policies don't change, the US will be heading down the path of Mexico/South Africa/Saudi Arabia or any number of Third World basket-cases with absolutely nothing to show for it. While the rest of the industrialized countries of Europe and East Asia leave us in the dust
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Old 09-04-2010, 05:12 PM
 
Location: Maryland about 20 miles NW of DC
6,105 posts, read 5,704,107 times
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[quote=Mircea;15729275]What followers?

Nowhere in Marxist philosophy does it say to establish a command economy and set prices and dictate exactly how much a particular sector of the economy will produce in a given time frame and then only allocate enough resources for that sector to meet the goal.


Marxist economic theory predicts what killed the USSR and other economies that followed the Command style economic system. Marx advanced the Theory of Alienation which is very simple. People who have no control or say in their work tend to become alienated. Such workers work less and they tend to do sloppy work. Creative workers like technicians, engineers and scientists tend to become less imaginative. Workers can become saboteurs or thieves. The USSR's economy by the 1970s became stagnant, its rate of innovation slowed to a crawl and social problems like alcoholism were cutting live expectancy by at least 10 years. Soviet products were often poorly built, backward in design and often unavailable. The Command economy is usable in short term emergency situations like a major war but is tailor made for alienation when carried on for the long haul. So a laterday Marx in the 1980s would have called for the drastic reform of the Soviet economy . Gorbachev tried to reform things but was too timid and ultimately got buried by the collapse. The Chinese facing the same problem were much more agressive in pulling in vast amounts of foreign capital (The US has invested over a trillion dollars in Chinese industry) and technology and have suceeded in giving the illusion of progress to the Chinese people. But Mr Marx and his theory of alienation have only been delayed for a while.
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Old 09-04-2010, 06:11 PM
 
Location: Pacific Northwest
2,674 posts, read 2,854,555 times
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Quote:
Originally Posted by Lycanmaster View Post
In a decade or two, if economic policies don't change, the US will be heading down the path of Mexico/South Africa/Saudi Arabia or any number of Third World basket-cases with absolutely nothing to show for it. While the rest of the industrialized countries of Europe and East Asia leave us in the dust
There's always emigration when that day comes. A country that descends from immigrants shouldn't fear emigration.

But I definitely see Mexico, Brazil and South Africa in America's future. The young generation currently in our schools are the future, and it's very Hispanic, poor and academically mediocre.
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Old 09-04-2010, 06:52 PM
 
8,647 posts, read 16,578,786 times
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Quote:
Originally Posted by Tightwad View Post
"Consumer spending in the U.S. has turned into a tale of two cities in 2010, with an entire segment of consumers splurging confidently on the finer things in life, while another segment, concerned about unemployment and with little or no discretionary income, spends only on bare necessities.

So why is this happening?

It is happening because the rich are getting richer and they have plenty of money to buy stuff and the poor are getting poorer and have less money to spend than ever."


30 Statistics That Prove The Elite Are Getting Richer, The Poor Are Getting Poorer And The Middle Class Is Being Destroyed
And just why are the poor poor in the first place... Didn't they (me) have the same chance to do better in life than I did...

It's not anyones fault that the poor are poor other than the poor (me).

My brother and sister are very rich but I don't blame them because I'm not...

Heck I think I'm pretty rich, raised two kids that never got into trouble, both went to and finished college.... That's OK for an Old guy with just a GED...
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Old 09-04-2010, 07:16 PM
 
Location: Orange County, CA
4,398 posts, read 2,870,243 times
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Quote:
Originally Posted by Guineas View Post
There's always emigration when that day comes. A country that descends from immigrants shouldn't fear emigration.

But I definitely see Mexico, Brazil and South Africa in America's future. The young generation currently in our schools are the future, and it's very Hispanic, poor and academically mediocre.
You must live in California

Sorta ironic that was once the immigrant destination of choice; it may now become the emigrant source for other countries in the future.
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Old 09-05-2010, 12:19 PM
 
9,845 posts, read 21,533,830 times
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In my extended family, I have had very poor relatives and very successful relatives. Overall most of us are middle class.

What I notice about the poor is little thought put into finances with a lot of thoughtless purchases which don't get paid and then their credit suffers. Plus they buy a lot of worthless junk like beer and lottery tickets. They also never invest in their jobs to grow their skills or develop new ones. They also tend to be unreliable, getting in stupid fights with bosses and turning up late for work. One relative I would guess has been through 50 jobs in 20 years.

The well to do relatives don't make rush purchases, save money, buy things on cash not credit, find ways to grow their job skills or business. They don't waste money on frivolous shopping and gambling and hanging out in the beer joint until 3 AM pounding beers. They also invest time in learning skills so they don't have to employ a tradesmen such as fixing their cars or houses.

I really can't stand all this whining about the poor getting poorer. Life is what you make of it. If you spend your life waiting for someone to give you this or that you are going to end up as a very disappointed person. Marxism/communism/socialism, whatever you want to call it today, all it does is discourage hard and smart work and incentivize laziness and poor productivity.

And the poor in this country by 90% of the rest of the worlds standards are not "poor". In my county here in PA, we have generous benefits and there are a lot of able bodied people sitting on their ass collecting a check. Not just a check but subsidized housing, free food, cell phones, etc. Some of the cars in the parking lot in the welfare housing are nicer than the surrounding working class neighborhoods. As one welfare kid told my sister, "when we get our check we go shopping for video games and shoes".

So spare me all the crying a river about the "poor" in this country.
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Old 09-10-2010, 12:03 AM
 
Location: USA
2,592 posts, read 4,009,781 times
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Quote:
Originally Posted by Guineas View Post
But I definitely see Mexico, Brazil and South Africa in America's future. The young generation currently in our schools are the future, and it's very Hispanic, poor and academically mediocre.
Wow, you're quite optimistic. I tend to think it will be more like Afghanistan, Somalia, or North Korea...extreme poverty.
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Old 09-10-2010, 06:48 PM
 
Location: state of procrastination
3,486 posts, read 7,020,107 times
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The poor is getting poorer cuz they are not saving and spending their money wisely. They are having too many kids that they cannot afford. Who have more kids that they cannot afford.

The "rich" aren't really rich either, I think the definition of rich in my area is anyone who makes over $700k-1M a year (if you look at that graph you will see a takeoff around that point). Anything less is kinda half-ass in between -- like you can't safely buy a real mansion or exotic cars. Anyone who gets 250-700k is certainly well-off (borderline rich) but all of this is offset by taxes, property price, cost of living, cost of education. I think you have to save up $10 million of assets to really consider yourself a millionaire.

An example - I am in the top 10% income of that graph. But I live like I'm lower-middle class. And can't really afford much more. Gah!
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