Income Inequality and political polarization?

zitothebrave

zitothebrave

Connoisseur of Minors
http://www.princeton.edu/~nmccarty/ineqpold.pdf

Is it just correlation or is it causation?

Personally I think it's causation because the more divided that we are made the common sense decision (like CEOs making way too damn much money, college is way too damned expensive, Citizen's United being a giant sham, etc.) becomes harder.

US is in a bad situation. We have worse income inequality than the UK who literally has an aristocracy. Let that sink in for a little bit.
 
Oligarchies rules this land. Get use to it.

Job stagnation. But if you want more pay, they will outsource or give it to a foreigner with lower skills just to make a quick buck.
 
The thing is that the American consumer has the power. Even in our dying times, the middle class has the power to dictate the market. Company ships jobs overseas don't buy them. Companies like Walmart that rape American workers, don't buy from them. There needs to be a consumer revolution.
 
AerchAngel said:
Oligarchies rules this land. Get use to it.

Job stagnation. But if you want more pay, they will outsource or give it to a foreigner with lower skills just to make a quick buck.
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A) every form of government has big divisions between the haves and have nots

B) capitalism will always have a bigger inequality spread than others, just by definition

C) technology is the main reason for the big income inequality in America.

D) if any of us were ceo's we'd be doing the same things with jobs that CEOs do now.
 
acesfull86 said:
I'm not really sure why this bothers anyone.
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I'm not sure why it doesn't bother everyone? Wealth is not like love, there isn't some kind of infinite well.

Throw another analogy. If you are starving on an island with 4 people and someone takes a third of the pie would you not make a stink about it?
 
acesfull86 said:
I'm not really sure why this bothers anyone.
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Because People are ****ing jealous. Notice how they call out CEO's for making so much but do they mention that Will Smith gets 20 million per a movie or how much athletes make? Nope. But they'll call out CEO's
 
Krgrecw said:
A) every form of government has big divisions between the haves and have nots
B) capitalism will always have a bigger inequality spread than others, just by definition
C) technology is the main reason for the big income inequality in America.
D) if any of us were ceo's we'd be doing the same things with jobs that CEOs do now.
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So the Germans, Japanese, Canadians, South Koreans, Norwegians, and Dutch make everything with hammer and chisel.
 
Krgrecw said:
Because People are ****ing jealous. Notice how they call out CEO's for making so much but do they mention that Will Smith gets 20 million per a movie or how much athletes make? Nope. But they'll call out CEO's
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The problem isn't that the super rich can buy nicer things than us common folk, but that they can buy law makers to skew the balance of power further in their favor.
 
zitothebrave said:
So the Germans, Japanese, Canadians, South Koreans, Norwegians, and Dutch make everything with hammer and chisel.
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Nope. But which of those countries have the same percent of minorities that America has?

The income equality between just whites in America is no worse than any other civilized and modern country. The overall numbers in America are skewed due to the massive amount of uneducated minorities in this country.
 
Krgrecw said:
Because People are ****ing jealous. Notice how they call out CEO's for making so much but do they mention that Will Smith gets 20 million per a movie or how much athletes make? Nope. But they'll call out CEO's
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There is some truth to this. I get railed on about athletes making obscene amount of money but we have equal idiots that pay for it.
 
Krgrecw said:
Nope. But which of those countries have the same percent of minorities that America has?

The income equality between just whites in America is no worse than any other civilized and modern country. The overall numbers in America are skewed due to the massive amount of uneducated minorities in this country.
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You are pushing it, my friend, with me.

There are reasons why this is so and I don't think you want to dance with me on that subject.

Lets just say that European blacks do educate themselves and have same and equal pay as their white equivalents, but they did not come over as slaves and conditioned to live a lifestyle inbred for 150 years.
 
Krgrecw said:
Nope. But which of those countries have the same percent of minorities that America has?

The income equality between just whites in America is no worse than any other civilized and modern country. The overall numbers in America are skewed due to the massive amount of uneducated minorities in this country.
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I'm just gonna say it, what the flying **** does that have to do with the price of tea in China?

US had minorities in the past, and we made money and didn't have the same level of income inequality. Were minorities magically smarter back in the 60s and 70s? I mean it basically follows 2 trends in the US history, we'll see if we follow the trend again. **** gets bad, banks get out of hand, rich people shave money off, yada yada yada, then the bottom falls out and the stock market crumbles. The average joes revolt and change happens. Things go good for sometime, then the rich find a way to consolidate wealth again and so it continues. We're dealing with here a country who didn't properly invest in the future. The reason the Krauts, Japs, etc. (wanted to see if I could be as offensive as you in a post, did I succeed?) are succeeding is their determination to provide quality education. They don't do the **** that we do. They invest in the future and that's why they're the premier resources in the global market. WHen we built the best products sure there was a premium associated with it but it was worth it. We lost that skill advantage and now there is no premium associated with it.
 
zitothebrave said:
I'm just gonna say it, what the flying **** does that have to do with the price of tea in China?

US had minorities in the past, and we made money and didn't have the same level of income inequality. Were minorities magically smarter back in the 60s and 70s? I mean it basically follows 2 trends in the US history, we'll see if we follow the trend again. **** gets bad, banks get out of hand, rich people shave money off, yada yada yada, then the bottom falls out and the stock market crumbles. The average joes revolt and change happens. Things go good for sometime, then the rich find a way to consolidate wealth again and so it continues. We're dealing with here a country who didn't properly invest in the future. The reason the Krauts, Japs, etc. (wanted to see if I could be as offensive as you in a post, did I succeed?) are succeeding is their determination to provide quality education. They don't do the **** that we do. They invest in the future and that's why they're the premier resources in the global market. WHen we built the best products sure there was a premium associated with it but it was worth it. We lost that skill advantage and now there is no premium associated with it.
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It couldn't have anything to do with the trillions of dollars the fed reserve prints and sends straight to banks could it?

No. Never
 
Krgrecw said:
Because People are ****ing jealous. Notice how they call out CEO's for making so much but do they mention that Will Smith gets 20 million per a movie or how much athletes make? Nope. But they'll call out CEO's
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Will Smith doesn't close up factories that employ thousands of American workers and outsource the work using slave labor in China so we can get a cheap POS inferior product for the same price.
 
keithlaw said:
The problem isn't that the super rich can buy nicer things than us common folk, but that they can buy law makers to skew the balance of power further in their favor.
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Is that the CEO's fault or the lawmakers we have selected's fault?
 
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