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Old 12-23-2011, 10:33 AM
 
Location: Los Angeles
14,369 posts, read 9,381,102 times
Reputation: 6656

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Quote:
Originally Posted by EinsteinsGhost View Post
Unfortunately, it is impossible for greed to not be a part.

"If men were moral (angels), there would be no need for government"
- James Madison
It's one thing to want money and quite another to lust after it. These people are far beyond the normal definition of greedy. There isn't enough money to quench their thirst for it. It's unfortunate that our government has become a conduit for these bastards.
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Old 12-23-2011, 10:37 AM
 
Location: Dallas, TX
31,767 posts, read 27,839,500 times
Reputation: 12322
Quote:
Originally Posted by steven_h View Post
It's one thing to want money and quite another to lust after it. These people are far beyond the normal definition of greedy. There isn't enough money to quench their thirst for it. It's unfortunate that our government has become a conduit for these bastards.
As long as money is speech in politics, we can't expect any better. It has been getting worse since early 19th century. We already may have moved past the yield point.
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Old 12-23-2011, 11:16 AM
 
82,747 posts, read 39,908,097 times
Reputation: 12180
Quote:
Originally Posted by steven_h View Post
It's one thing to want money and quite another to lust after it. These people are far beyond the normal definition of greedy. There isn't enough money to quench their thirst for it. It's unfortunate that our government has become a conduit for these bastards.
You do realize that applies to both ends of the wealth spectrum. Those on public assistance are always clamoring for MORE of the money someone else has worked hard to earn.
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Old 12-23-2011, 11:24 AM
 
8,001 posts, read 8,299,007 times
Reputation: 5010
Quote:
Originally Posted by InformedConsent View Post
You do realize that applies to both ends of the wealth spectrum. Those on public assistance are always clamoring for MORE of the money someone else has worked hard to earn.
You're correct. Get back to work now, middle class person, because you have to subsidize the poor and the very rich.....chop chop now!
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Old 12-23-2011, 11:35 AM
 
Location: Altoona, PA
932 posts, read 1,127,648 times
Reputation: 914
Quote:
Originally Posted by steven_h View Post
It's one thing to want money and quite another to lust after it. These people are far beyond the normal definition of greedy. There isn't enough money to quench their thirst for it. It's unfortunate that our government has become a conduit for these bastards.
Government is a necessary evil and this is one of the reasons why: mankind's lust for money (greed).
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Old 12-23-2011, 12:26 PM
 
6,735 posts, read 9,024,725 times
Reputation: 1855
You don't need to believe in income inequality. It's just exists and there's nothing a person can do about it. Even Communist countries have (and had) income inequality.
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Old 12-23-2011, 01:07 PM
 
3,281 posts, read 5,021,531 times
Reputation: 1928
Quote:
Originally Posted by Grim Reader View Post
Income inequality, like unemployment, is part of a functioning economy.

And like unemployment, it only becomes a problem if it gets too large.

We know that trying to equalize wages totally doesn't work. the Soviet Union and old Eastern Europe illustrated that. We also know that a system at the other extreme, where a very small number of people or families hold almost all the wealth, doesn't do very well either. Lots of African and Latin American examples of that through the last 50 years.

Obviously, there is a "Goldilocks zone" somewhere between the extremes. The question is where it lies. List of countries by income equality
Funny that you should say that, actually. Gross income inequality is generally thought of as a feature of the undeveloped countries in Africa/Asia/Latin America. The US is an outlier among developed nations for our very high income inequality, comparable to some of these much poorer nations. Most prosperous nations in Western, Central, and Northern Europe and northeast Asia have much lower gini coefficients than we do.

Income inequality exists, there's no denying that. There is also an undeniable correlation between income inequality and general social health hat you can get just by comparing readily available statistics. In what direction the causative relationship goes is anyone's guess, but some are saying that it isn't worth investigating, witch I find pretty willfully ignorant.

Then there's also the fact that market economies are more effective when most of the country is middle class.

No sensible person thinks that you can eradicate income inequality completely. It's something that is an indicator of the health of a society.
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Old 12-23-2011, 02:07 PM
 
679 posts, read 637,548 times
Reputation: 492
Quote:
Originally Posted by Sunnysee View Post
People got mad at the simple, common sense idea that Santorum stated? Wow, we have that many Communist/Marxists among us?!
That's the only upsetting thing in the thread opener.
Except his idea wasn't common sense, it was sheer ignorance.

The concept of wealth inequality is usually a measurement tool to show how strong the middle class is. It really isn't a matter of "who is working harder" rather how screwed up the economic system of a country is.

The more screwed and weaker up it is, the smaller the middle class is and the more money that ends up in the hands of the few.

I am certainly glad this war hawk psychopath has no shot at presidency.
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Old 12-23-2011, 05:20 PM
 
Location: Long Island, NY
19,792 posts, read 13,376,377 times
Reputation: 5661
Quote:
Originally Posted by ozzie679 View Post
You don't need to believe in income inequality. It's just exists and there's nothing a person can do about it. Even Communist countries have (and had) income inequality.
Except that we DID solve this problem in the 1930s and 1940s. Income inequality was about as bad as it is now. Government was the solution and raised taxes on high incomes and encouraged higher wages.

Quote:
Originally Posted by Stateisota View Post
Except his idea wasn't common sense, it was sheer ignorance.

The concept of wealth inequality is usually a measurement tool to show how strong the middle class is. It really isn't a matter of "who is working harder" rather how screwed up the economic system of a country is.
Correct. That's what I showed on one of the graphs in post #164. The middle-class IS working harder -- just their wages haven't kept up:

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Old 12-23-2011, 05:29 PM
 
Location: Beautiful Niagara Falls ON.
10,018 posts, read 12,072,518 times
Reputation: 9010
My cousin makes a coupe of million a year sitting at a desk on wall street buying and selling money. He gets paid all this money for doing something that produces nothing and adds 0 value to anything. He gets his % wether his clients win or lose on their currency trades. DO YOU THINK THIS IS FAIR?
Did you know that 40% of the entire American economy is Financial services? You wonder why the nation is going down the tubes?
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