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SatanicHalibut 01/25/18 12:16:47 PM #1: |
http://time.com/5111971/billionaires-global-inequality-income-oxfam-wealth/
But don't worry guys, it will totally trickle down guys --- ... Copied to Clipboard!
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Tupacrulez 01/25/18 1:00:32 PM #2: |
Minor detail.
--- Suck less, Rock Moar Have I licked butt hole before? All the time. --r4xor ... Copied to Clipboard!
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Southernfatman 01/25/18 1:08:59 PM #3: |
Meanwhile poverty and homelessness still rage on and millions struggle living paycheck to paycheck praying that one unplanned and severe medical emergency doesn't bankrupt them.
--- http://i.imgur.com/hslUvRN.jpg When I sin I sin real good. ... Copied to Clipboard!
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darkjedilink 01/25/18 1:16:43 PM #4: |
I don't see the problem. Are you suggesting people shouldn't be allowed to profit off that which they own?
--- 'It's okay that those gangbangers stole all my personal belongings and cash at gunpoint, cuz they're building a rec center!' - OneTimeBen ... Copied to Clipboard!
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FLUFFYGERM 01/25/18 1:21:41 PM #5: |
And yet there are more new millionaires than ever before.
https://www.cnbc.com/2017/03/24/a-record-number-of-americans-are-now-millionaires-new-study-shows.html The total amount of wealth increases each year. So while 82 percent went to the richest people and corporations, an 18% that is bigger each year can go to the rest. The beauty of economics is that new wealth can be created all the time, so there is no reason to think that it is a zero sum game. --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol ... Copied to Clipboard!
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FLUFFYGERM 01/25/18 1:22:45 PM #6: |
Southernfatman posted...
Meanwhile poverty and homelessness still rage on and millions struggle living paycheck to paycheck praying that one unplanned and severe medical emergency doesn't bankrupt them. Poverty is being eradicated at an extremely fast rate. https://www.theguardian.com/society/2013/mar/17/aid-trade-reduce-acute-poverty https://www.economist.com/news/leaders/21578665-nearly-1-billion-people-have-been-taken-out-extreme-poverty-20-years-world-should-aim http://www.aei.org/publication/take-a-bow-capitalism-nearly-1-billion-people-have-been-taken-out-of-extreme-poverty-in-20-years-thanks-to-markets/ --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol ... Copied to Clipboard!
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lilORANG 01/25/18 1:23:50 PM #7: |
If it pisses you off that much, just join the 1%. Problem solved.
--- ... Copied to Clipboard!
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anth0ny 01/25/18 1:31:15 PM #8: |
lilORANG posted...
If it pisses you off that much, just join the 1%. Problem solved. absolutely correct and I agree 100% with the very logical advice of the handful of users itt: just stop being poor guys --- moo ... Copied to Clipboard!
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SatanicHalibut 01/25/18 1:45:28 PM #9: |
FLUFFYGERM posted...
And yet there are more new millionaires than ever before. Why do you parrot this when it's a terrible thing? --- ... Copied to Clipboard!
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FLUFFYGERM 01/25/18 1:48:32 PM #10: |
SatanicHalibut posted...
FLUFFYGERM posted...And yet there are more new millionaires than ever before. Why is it terrible that there are more new millionaires than ever before? Your topic title made it seem like the odds are against the average person, yet we see that there are now more new self-made millionaires than ever before. So clearly the system enables people to succeed. --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol ... Copied to Clipboard!
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Nostradumbass 01/25/18 1:48:45 PM #11: |
SatanicHalibut posted...
FLUFFYGERM posted...And yet there are more new millionaires than ever before. Hes a troll ... Copied to Clipboard!
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darkjedilink 01/25/18 1:48:49 PM #12: |
SatanicHalibut posted...
FLUFFYGERM posted...And yet there are more new millionaires than ever before. Why is it a terrible thing? Why is SUCCESS a terrible thing? --- 'It's okay that those gangbangers stole all my personal belongings and cash at gunpoint, cuz they're building a rec center!' - OneTimeBen ... Copied to Clipboard!
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AlternativeFAQS 01/25/18 1:49:37 PM #13: |
FLUFFYGERM posted...
And yet there are more new millionaires than ever before. Yes, the 1 percent ... Copied to Clipboard!
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SatanicHalibut 01/25/18 1:52:41 PM #14: |
FLUFFYGERM posted...
Why is it terrible that there are more new millionaires than ever before? Because basic math says so, there's only a finite amount of currency in our economy and when most of it is hoarded in a few places there's very little left for everyone else --- ... Copied to Clipboard!
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Darkman124 01/25/18 1:53:39 PM #15: |
SatanicHalibut posted...
FLUFFYGERM posted...Why is it terrible that there are more new millionaires than ever before? these people don't become millionaires due to hoarding currency they become millionaires by owning shares of companies and those companies then becoming more valuable to the global economy, as in people become willing to pay more for shares of their stock the only real concern is when the principal driver of corporate value addition is increased output from workers without increasing compensation for workers --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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Romes187 01/25/18 1:53:46 PM #16: |
SatanicHalibut posted...
FLUFFYGERM posted...And yet there are more new millionaires than ever before. Is it just resentment?... I don't know why you'd' be unhappy that more and more people are successful other than the fact that you yourself have not been. Create goals, make a plan. What do you want to get out of life? Go do it. What do you do for a living? Can you improve it? How? Execute. Get busy livin or get busy dyin ... Copied to Clipboard!
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darkjedilink 01/25/18 1:55:01 PM #17: |
SatanicHalibut posted...
FLUFFYGERM posted...Why is it terrible that there are more new millionaires than ever before? There is literally infinite currency, thanks to the US debt. Wealth is not a finite resource, and procuring it is not a zero-sum game. --- 'It's okay that those gangbangers stole all my personal belongings and cash at gunpoint, cuz they're building a rec center!' - OneTimeBen ... Copied to Clipboard!
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Darkman124 01/25/18 1:55:19 PM #18: |
darkjedilink posted...
not how it works --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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SatanicHalibut 01/25/18 1:56:39 PM #19: |
Darkman124 posted...
SatanicHalibut posted...FLUFFYGERM posted...Why is it terrible that there are more new millionaires than ever before? It doesn't matter HOW they became millionaires, they became millionaires sucking more money out of the regular economy and putting it in the economy exclusive to 1 percentages. That's terrible for working class people no matter what propaganda you spew --- ... Copied to Clipboard!
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darkjedilink 01/25/18 1:56:57 PM #20: |
Darkman124 posted...
darkjedilink posted... Actually, yeah - it's not like our currency is backed by anything. It's literally just paper that the government says has worth. They could print $20 Trillion tomorrow and pay off the debt they incurred. Hell, they wouldn't have to even PRINT it, thanks to electronic banking. --- 'It's okay that those gangbangers stole all my personal belongings and cash at gunpoint, cuz they're building a rec center!' - OneTimeBen ... Copied to Clipboard!
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FLUFFYGERM 01/25/18 1:58:35 PM #21: |
SatanicHalibut posted...
FLUFFYGERM posted...Why is it terrible that there are more new millionaires than ever before? So then how do you explain the global economy being worth more now than it was 20 years ago? Or 50 years ago? Or 500 years ago? In terms of circulating currency and also resource wealth. --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol ... Copied to Clipboard!
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Darkman124 01/25/18 2:00:00 PM #22: |
darkjedilink posted...
actually, no our currency doesn't need to have a gold standard to have a finite quantity. mass printing is controlled by the reaction debt holders would have to a sudden devaluing of the currency--this would destroy the value of the bond and force it to pay a much higher dividend, something undesirable to our government. so they keep printing rates under control. what makes wealth potentially infinite is you don't have to buy $10 million of a stock to make it worth $10 million more you just have to be willing to pay $10 million more for the stock. stock rises are based on when bid/ask rates rise, not based on someone buying a bunch of stock at a higher value. psychology is what drives wealth up and down. equities are the foundation of nearly every millionaire's wealth today. you don't know what you're talking about at all --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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FLUFFYGERM 01/25/18 2:01:42 PM #23: |
Technically you're both missing the real key behind finite/infinite wealth, imo. What makes wealth potentially infinite is the amount of physical resources we can leverage to expand our economies and increase our standard of living.
We haven't scraped the surface of what we can do with just earth's resources, let alone the moon's or asteroids or etc. --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol ... Copied to Clipboard!
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Darkman124 01/25/18 2:02:41 PM #24: |
FLUFFYGERM posted...
Technically you're both missing the real key behind finite/infinite wealth, imo. What makes wealth potentially infinite is the amount of physical resources we can leverage to expand our economies and increase our standard of living. the appreciation of that value is psychology and the resultant equity valuation of the company that exploits these resources --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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FLUFFYGERM 01/25/18 2:08:33 PM #25: |
Darkman124 posted...
FLUFFYGERM posted...Technically you're both missing the real key behind finite/infinite wealth, imo. What makes wealth potentially infinite is the amount of physical resources we can leverage to expand our economies and increase our standard of living. there is a way in which the quantity of fiat currency can drive appreciation of value. IE you can print a lot of fiat and avoid the real bad inflation...by exporting your currency/inflation to other countries *mindblown* --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol ... Copied to Clipboard!
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SatanicHalibut 01/25/18 2:09:04 PM #26: |
FLUFFYGERM posted...
SatanicHalibut posted...FLUFFYGERM posted...Why is it terrible that there are more new millionaires than ever before? You realize people are buying more on credit than ever before right? That's why corporations keep having record profits but the economy is still in the shitter --- ... Copied to Clipboard!
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Darkman124 01/25/18 2:09:46 PM #27: |
it can drive or support it, yes: we saw how the fed's bond buying programs buoyed the stock market.
it is not the foundational driver of wealth. QE1-3 served to make bonds a non-viable asset class for other investors, who were forced to come to grips with their fear of the volatility of stocks and buy them anyway because they were the only available place to put their money. an infinite currency supply would not create infinite wealth. it would create hyperinflation. which is why we do not have an infinite currency supply. big numbers are not infinity. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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On_The_Edge 01/25/18 2:13:16 PM #28: |
how much wealth is actually generated by the 1%?
https://www.investopedia.com/terms/p/paretoprinciple.asp --- We're here. https://discord.gg/Q9K3ndP ... Copied to Clipboard!
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FLUFFYGERM 01/25/18 2:13:26 PM #29: |
SatanicHalibut posted...
FLUFFYGERM posted...SatanicHalibut posted...FLUFFYGERM posted...Why is it terrible that there are more new millionaires than ever before? That doesn't necessarily mean it's because they're poor. The average car payment is around $550 a month before insurance, gas, maintenance, etc. So people are overextending themselves and spending a lot, but that has nothing to do with what we were talking about. --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol ... Copied to Clipboard!
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darkphoenix181 01/25/18 2:16:48 PM #30: |
What really gives money value isn't gold. It is the ability to turn that into food.
This is because without food you will die. So to say: FLUFFYGERM posted... So then how do you explain the global economy being worth more now than it was 20 years ago? Or 50 years ago? Or 500 years ago? In terms of circulating currency and also resource wealth. Are you considering how different the buying power of the money back then in relation to being able to eat was? At the end of the day, the person working a 9-5 job is doing so to eat and feed their family and give a roof and comfort from the weather. The price of this changes around drastically and is different depending where you are. For instance, you could say a person making 60k in Cali is making a huge percentage more than people made in Cali during the 80s. But are they really wealthier? Actually, I believe they would barely be not poor and can barely afford a place to live? --- chill02 to me: you are beautiful ... Copied to Clipboard!
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Darkman124 01/25/18 2:20:51 PM #31: |
if your point is the working and middle class is no wealther today than 30 years ago i agree, and that would support the point that increasing the currency supply has little to no effect on wealth
what has created wealth is how much more people are willing to pay for shares of companies that operated in the 80s vs those same companies (+ new ones) now you seem to be rambling though. the infinite potential of wealth is totally divorced from currency and driven by human psychology and the nature of power not being shared/sold in large quantities all at once (after all...when it is, it's lost!) --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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darkjedilink 01/25/18 2:22:08 PM #32: |
Darkman124 posted...
if your point is the working and middle class is no wealther today than 30 years ago i agree, and that would support the point that increasing the currency supply has little to no effect on wealth Are you going to suggest we aren't wealthier now than we were in the '80's? Standard of living is off the charts compared to back then, dude! THAT IS WEALTH. --- 'It's okay that those gangbangers stole all my personal belongings and cash at gunpoint, cuz they're building a rec center!' - OneTimeBen ... Copied to Clipboard!
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Darkman124 01/25/18 2:25:26 PM #33: |
darkjedilink posted...
Are you going to suggest we aren't wealthier now than we were in the '80's? Standard of living is off the charts compared to back then, dude! THAT IS WEALTH. i literally said the opposite Darkman124 posted... what has created wealth is how much more people are willing to pay for shares of companies that operated in the 80s vs those same companies (+ new ones) now you tried to claim it was because there's more currency in circulation which makes no fucking sense now you seem to be contradicting yourself and seem to have no idea what your original point was --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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darkjedilink 01/25/18 2:26:57 PM #34: |
Darkman124 posted...
darkjedilink posted...Are you going to suggest we aren't wealthier now than we were in the '80's? Standard of living is off the charts compared to back then, dude! THAT IS WEALTH. if your point is the working and middle class is no wealther today than 30 years ago i agree No, you didn't "literally say the opposite." You literally said we're no wealthier now than 30 years ago. --- 'It's okay that those gangbangers stole all my personal belongings and cash at gunpoint, cuz they're building a rec center!' - OneTimeBen ... Copied to Clipboard!
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BLAKUboy 01/25/18 2:28:32 PM #35: |
Darkman124 posted...
now you seem to be contradicting yourself and seem to have no idea what your original point was That's his MO. --- Aeris dies if she takes more damage than her current HP - Panthera http://signavatar.com/26999_s.png ... Copied to Clipboard!
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Darkman124 01/25/18 2:28:40 PM #36: |
darkjedilink posted...
i said the middle class is no wealthier today because they're not overall there is much more wealth, but it hasn't gone to the middle class --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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darkphoenix181 01/25/18 2:28:43 PM #37: |
darkjedilink posted...
Standard of living is off the charts compared to back then, dude! THAT IS WEALTH. Care to explain in depth how this is so? --- chill02 to me: you are beautiful ... Copied to Clipboard!
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FLUFFYGERM 01/25/18 2:29:34 PM #38: |
Darkman124 posted...
darkjedilink posted... due to the Great Recession we were clearly on a trend upwards until then. i bet that the trend is recovering. and the overwhelming trend over a much longer period of time shows household net worth increasing --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol ... Copied to Clipboard!
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Darkman124 01/25/18 2:30:44 PM #39: |
FLUFFYGERM posted...
only half of americans own stocks http://www.chicagotribune.com/business/ct-americans-dow-22000-investing-20170803-story.html as this is a plot of median wealth it's unlikely to have changed significantly AVERAGE wealth is way up, because you and i stayed invested/bought hard from 2008 onward and those investments have gained in value several times over. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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darkphoenix181 01/25/18 2:31:10 PM #40: |
Darkman124 posted...
i said the middle class is no wealthier today The problem for me is this chart is meaningless unless it is accompanied by how far the dollar at the time vs. today can go to buy food and a place to live. And even that is relative to region. Or do we define wealth as everything else but the needs? --- chill02 to me: you are beautiful ... Copied to Clipboard!
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Darkman124 01/25/18 2:31:54 PM #41: |
darkphoenix181 posted...
you do realize that the real (inflation-adjusted) cost of housing, healthcare, education, and food has risen significantly since the 1980s, right? what has gotten cheaper is luxuries which you seem to be confusing with 'standard of living' --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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darkphoenix181 01/25/18 2:35:03 PM #42: |
Darkman124 posted...
We all have dark in our name. I am not darkjedi. If you didn't confuse us, I am not sure how I am confusing luxuries with standard of living? Unless as I asked above wealth refers only to luxury? My point like in post 30 was that I don't buy that wealth went up because as you said, buying into the standard of living rose dramatically. --- chill02 to me: you are beautiful ... Copied to Clipboard!
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Darkman124 01/25/18 2:35:31 PM #43: |
supporting info:
https://www.cnbc.com/2017/06/23/how-much-housing-prices-have-risen-since-1940.html https://www.ers.usda.gov/amber-waves/2015/july/growth-in-inflation-adjusted-food-prices-varies-by-food-category/ https://www.usnews.com/education/best-colleges/paying-for-college/articles/2017-09-20/see-20-years-of-tuition-growth-at-national-universities https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/Downloads/HistoricalNHEPaper.pdf darkphoenix181 posted...
sorry my b, it was darkjedi who was prattling about standard of living. the above links should give some perception as to how much necessities grew in real cost what's neat is that certain kinds of food DID get cheaper. the shit kind. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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clearaflagrantj 01/25/18 2:36:55 PM #44: |
FLUFFYGERM posted...
Darkman124 posted...darkjedilink posted... You know we're due for another recession right? By both the regular cycle period (~8 years) and the incredible debt bubbles of student loans, cars, and mortgages (again). ... Copied to Clipboard!
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Darkman124 01/25/18 2:38:09 PM #45: |
clearaflagrantj posted...
You know we're due for another recession right? By both the regular cycle period (~8 years) and the incredible debt bubbles of student loans, cars, and mortgages (again). modern cycle period timing is pretty meaningless and there's nothing structurally dooming us --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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darkphoenix181 01/25/18 2:38:11 PM #46: |
Darkman124 posted...
sorry my b, it was darkjedi who was prattling about standard of living. Why do people always confuse me with him, but not me with you? (actually that might have happened once) Guess cause the lower case d --- chill02 to me: you are beautiful ... Copied to Clipboard!
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clyde_frog 01/25/18 2:51:08 PM #47: |
darkjedilink posted...
Darkman124 posted...darkjedilink posted... Do you even understand the consequences of what you're suggesting? --- ... Copied to Clipboard!
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MysteryMan923 01/25/18 2:52:16 PM #48: |
Inb4 everyone saying "muh bootstraps" and "muh trickle down"
--- You ain't gotta like me You just mad cuz I tell it how it is and you tell it how it might be ... Copied to Clipboard!
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