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Old 06-15-2020, 12:45 PM
 
1,956 posts, read 1,070,006 times
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As you know, the GINI index measures income inequality across the globe. U.S. continues to rise steadily, yet when some low-wage workers get a few months of PUE, it becomes an outrage. Where is the outrage for corporate welfare?

https://data.worldbank.org/indicator...974&view=chart

I was not an economics major, but I just don't understand the disdain right now towards PUI. Corporations got aid, too.
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Old 06-15-2020, 01:02 PM
 
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Agree 100%. Executive compensation compared to the staff level worker is ridiculous.
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Old 06-15-2020, 01:16 PM
 
1,963 posts, read 495,223 times
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Just look at the battle over the stimulus bill. As originally drafted, it created a $500B — half trillion dollar — fund for corporate "stimulus" to be handed out at the administration's whim, with little oversight or accountability. (Money that, even under tighter controls, like nearly all gummint bux to the poor corporations, has been used to increase wealth or value.)

And was held up for a bit when GOP leaders figured out that some number of UI recipients would get a few hundred extra because of the simplified nature of the distribution... money meant to go out into the daily economy and help support it as much as any individuals.

There's one and only one way fingers can point, here. (Cue the apologists who are sure they'll be rich one day, too.)
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Old 06-15-2020, 01:20 PM
 
Location: Washington State
22,354 posts, read 11,497,056 times
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Quote:
Originally Posted by Eeko156 View Post
As you know, the GINI index measures income inequality across the globe. U.S. continues to rise steadily, yet when some low-wage workers get a few months of PUE, it becomes an outrage. Where is the outrage for corporate welfare?

https://data.worldbank.org/indicator...974&view=chart

I was not an economics major, but I just don't understand the disdain right now towards PUI. Corporations got aid, too.
Our income and more importantly wealth income are too great and need some ideas and programs to pull up the lower half higher which really begins with education. This should be a non-party issue.
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Old 06-15-2020, 01:40 PM
 
1,963 posts, read 495,223 times
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Quote:
Originally Posted by Tall Traveler View Post
Our income and more importantly wealth income are too great and need some ideas and programs to pull up the lower half higher which really begins with education. This should be a non-party issue.
Saying we can lift up the poor, ever and ever, until they are all above average is part of (1) well intended ignorance and (2) the GOP mantra of how money comes to the worthy.

The economic imbalance is not among the poor. It's in that mofo of a spike at the other end.
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Old 06-15-2020, 09:06 PM
 
2,600 posts, read 990,345 times
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Quote:
Originally Posted by Therblig View Post
Saying we can lift up the poor, ever and ever, until they are all above average is part of (1) well intended ignorance and (2) the GOP mantra of how money comes to the worthy.

The economic imbalance is not among the poor. It's in that mofo of a spike at the other end.
Yes, this latest crisis was used again (by the same players we saw in 2008-9) to loot the Treasury. Their haul on this go-round was the biggest ever. Like Senator Durban said back then “The banks own this place”.
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