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We had increase wage growth during Ron Regan and GW Bush. I lost money with Obama and pay more taxes about 2k a year. To add insult I make less money!
Americans make more money with cash flow. Without cash flow there is no hope of business expansion.
Thanks Obama!
Hey! So lets talk about cash flow...how exactly do you think thats going to occur? What would make cash flow go up? What would you suggest that would increase it?
LOL. 136K after 10 years there? Compared too....billionaires?
The idea is not that everyone gets exactly the same. The idea is that many do well. Yes, 136k is doing well. Just because it is not pure socialism doesn't mean it isn't working well.
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Yes those who were there from the start did well, and the number who did might surprise you. But the fact that Gate can in fact give away 28 billion dollars should tell you something.
Yes, it tells me that he came up with a good idea, has done well with it and has from the beginning seen that others benefited also.
Quote:
The software engineers who work there make 136K after 10 years.
Lets look at this:
Gate, Paul Allen, and Ballmer have between them 113 billion. ALL of the current employees if they were given that would be millionaires.
And those who invested in stock have done well? Microsoft stock in 2000: $60/share
Today? $40
Actually pretty much anyone investing in the last 14 years hasn't made much. Before that? oh yeah.....but who was that? Oh right.....
The 1%
Sorry but no. and your confusing trickle down economics with corporate ownership. They're different. we've been talking big companies are good...
why not discuss trickle down economics? (to be fair the term and its correlation may not be what you are thinking about)
No, it's not a narrowly defined thing. I stated what I thought of the governments version. You didn't dispute that either. I can't discuss something with myself.
Microsoft has 110K employees, and brings in about 198K PER employee. Of course you realize that very very few people there make that right? Mid career income for software engineers is 136K (source-payscale.com) with median starting for software engineer around 91K (source glassdoor). These are amongst the highest paid employees there.
By far the VAST majority of money at microsoft is going to the folks who own the stock, or run the company. Market cap is about 3 million per employee, IE the people working there could be paid off of the interest from the market value of the stock.
So trickle down is great for those at the top-but the benefits aren't getting "down" as much as you seem to think.
You need to understand who the stockholders are. Pension funds, retirement accounts, 401Ks, IRAs, etc., are invested in stocks like Microsoft, etc. If they don't earn a profit, the retirement $$$ many are counting on won't be there.
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"This shift of business ownership from rich people to working people may be the greatest economic transformation since the Industrial Revolution.
...So what does all this mean? Well, for starters, it should lead to an end of complaints about the profits of corporations and allegations about 'greedy corporations.' After all, much of that profit now goes toward the current and future retirement incomes of working people."
Everyone who contributes to or benefits from a 401k, pension fund, mutual fund, annuity, or whole life insurance policy, etc., is an investor, en masse. And guess who one of the US's biggest investors is?
CalPERS, the California public employees union retirement system.
You need to understand who the stockholders are. Pension funds, retirement accounts, 401Ks, IRAs, etc., are invested in stocks like Microsoft, etc. If they don't earn a profit, the retirement $$$ many are counting on won't be there. Business Ownership & Labor Day
Everyone who contributes to or benefits from a 401k, pension fund, mutual fund, annuity, or whole life insurance policy, etc., is an investor, en masse. And guess who one of the US's biggest investors is?
CalPERS, the California public employees union retirement system.
Excellent.
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Originally Posted by michiganmoon
Every time we revise how we calculate GDP, it is in a manner that increases GDP.
Every time we revise how we calculate Inflation, it is in a manner that decreases GDP.
A coincidence?
The fact is, Obama is now benefiting from revised ways to calculate the numbers that democrats brag about.
Why would it be a coincidence?
People have a tendency to view government as some inanimate thing. It isn't. It's people....like Soylent Green, except these people are alive and they control your life. What can you say about people, in very general terms?
Do people like to be criticized? Do they like to be embarrassed? To they like to appear weak? Do they like to look bad; look incompetent; look stupid?
Why would your government want to look that way?
Quote:
Originally Posted by michiganmoon
The changed the way they calculate the GDP in a manner that inflates it upwards.
This factually makes the numbers reported NOW under Obama higher. Bush did NOT have this current higher method of calculating GDP DURING his presidency to get better numbers over the airwaves reported in the moment.
Obama's GDP numbers would be uglier without this new method of calculating GDP.
Obama's GDP has grown by less than his money creation.
This just shows how stupid Keynesianism is and how stupid measuring GDP by how much money is spent is.
Yes, it does.
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Originally Posted by BigJon3475
Impact on GDP revision for 2012: $396.7 billion 2.5% of (previously published) GDP
Business investment added to GDP: $248.7 billion
Government & nonprofit—add CFC for R&D: $148.0 billion
An annualized growth rate of 2.5% would be nice right about now. You're right about the future though. Once it's changed it will be that way until another review is completed in about 5 years where it will likely be changed again. Growth rates percentage wise won't really be impacted much after everyone gets used to the new standards. However, in real terms the amount added by the July 2013 revision, looking at FY 2012, added about $400 billion to the GDP report. They'll also retroactively include those changes going all the way back to 1929.
There's a lot of wiggle room there.
Unfunded liabilities should be included.
Methodologically....
Mircea
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