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(CNBC)   If you want a preview of what rich Americans will do while their country burns, look no further than Greece   (cnbc.com) divider line 18
    More: Asinine, Americans, Greece, industrialists, greek banks, charitable organizations  
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12540 clicks; posted to Business » on 24 May 2012 at 1:19 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-24 09:57:23 AM
9 votes:

Cythraul: How do you say, "you can't tax the job creators" in Greek?


Herpus derpi moranus.
2012-05-24 01:05:45 PM
3 votes:

Mentat: Cythraul: How do you say, "you can't tax the job creators" in Greek?

A thousand objectivists of the Randian empire descend upon you. Our derp will blot out the sun!


Then we shall herp in the shade.
2012-05-25 08:39:09 AM
2 votes:
Magnates...how do they work?
2012-05-24 02:55:02 PM
2 votes:

Larofeticus: Feudalism ended with gunpowder. Suddenly, all your expensive vassal knights can be downed at range by some slaves with muskets.


Gunpowder's impact on fudalism was less about the knights being shot, and more about the end of the fort/castle system due to cannon. Local lords had nowhere to hide if they wanted to stubbornly resist against centralized control.

Plate armor was actually decent against long range arquebus fire, and feudalism was already on it's way out before personal firearms became widespread.



Larofeticus: Also the rise of middle class urban artisans who were able to gain prosperity outside of the feudal system.



This is what he was referring to when he said the plague created fewer people then jobs. Prior to the BD, prices by artisans were fixed by the feudal lords. The local baker had to sell a loaf of bread for X amount of coin. Now there are only half as many bakers as needed, and the nobility still needed their bread.

So they invented the bonus system.

"Look, goodman baker, I can only pay you X per loaf. But how about I throw in three chickens per week if you make me your priority buyer for the next six months? Deal?"

"Sorry, my lord, Count Douchebag from East Fartingham is offering four. Would you care to increase your bid?"
2012-05-25 03:58:40 AM
1 votes:
A message from the 1%:

static.tumblr.com
2012-05-24 10:34:17 PM
1 votes:

BgJonson79: Splinshints: The Stealth Hippopotamus: You don't think that there was rich and poor a thousand years ago? A million? You gotta be messing with me.

...

So how do we fix it, when about 80% of people are average intelligence or dumber? As society becomes more complex, "regular" people won't be able to keep up and more and more people will have to be provided for since they won't be able to provide for themselves.


Splinshints: I don't think you understand how averages work.


Moopy Mac: Please explain to us how averages work and why what BgJonson said can't be true.


sharpie_69: Are we about to witness the next Rotsky?


Parthenogenetic: *sigh* Somebody, please post an example and stop this --- oh, fine.

Person #1's IQ = 30
Person #2's IQ = 35
Person #3's IQ = 40
Person #4's IQ = 45
Person #5's IQ = 100

If "average" is the arithmetic mean, the average IQ of this sample population is (30+35+40+45+100)/5 = 50.
80% of the population's IQ is below average.

That's a lot of derp.


Nezorf: Uhhhhh. Want to try again with that one?


sharpie_69: Scroll up -- it has been covered. And yes, you can have 80% below average...


Nezorf: Damn that took forever to post. Stupid mobile fark.

It never was fully covered. The statement is kind of a misnomer, unless BgJonson79 is assuming a non-normal distribution, using binned or ordinal statements of intelligence. Oh well.


LouDobbsAwaaaay: You can, but you don't. In a room containing eight teabaggers and two mentally challenged toddlers, yes, you'll have 80% of the group below the average intelligence of the group. But (provided you think IQ has any sort of authority at all here) measured intelligence has a Gaussian distribution, with the same mean, median, and mode. And in such a distribution you don't see 80% below the average.


qorkfiend: As your sample size gets bigger IQ scores approach a standard distribution. OP wasn't referring to a small group of deliberately chosen scores.


poot_rootbeer: Goddamit everyone, he said "80% at or below average".

Even if we do assume a normal distribution, all it takes is to understand "average" as "within one or two standard deviations of the arithmetic mean", rather than "exactly equal to the mean", and you can easily have a scenario where the original statement is true.


Nezorf: So average means the middle 95.45%?
upload.wikimedia.org

/tired of this argument.


qorkfiend: I don't think that's what the definition of "average" is. Only 2.5% of a normal distribution is more than two standard deviations from the mean.


Wow! Am I the only one here who has even glanced at the numeric keypad on his computer keyboard and noticed that the [8↑] key is immediately above the [5] key!? Did it never occur to anyone here that "80%" just might've been a typo for "50%" if the digits were typed on a numeric keypad as many people (especially those who work in accounting) do!?

/According to recent polls, three out of every four Americans collectively comprise a whopping 75% of the U.S. population!
2012-05-24 05:13:31 PM
1 votes:

CheekyMonkey: If I invent a breast cancer cure and make $1B curing breast cancer, did I gain from society, or did society gain from me?

If I invent a shiatty investment product by packaging a bunch of bad investments together, get Moody's to give them a good rating, and make $1B, while many other folks get farked, did I gain from society, or did society gain from me?

\it's so cute that you think the super-rich actually invent or produce anything


Seriously. Does he think some rich guy wearing a tuxedo is sitting in his basement at a microscope curing cancer? We might as well argue whether super-heroes should pay higher taxes.
2012-05-24 04:29:01 PM
1 votes:

SlothB77: so let's get this straight.

Rich businessman in the country say current debt levels are not sustainable and to curtail government spending on the welfare state.
Government continues to spend exhorbitant amounts maintaining welfare state, while the economy sputters and job growth flattens.


See, this is why I advocate a works program. Greece has to have some public works projects available that citizens can be hired for.

Hell, when I visted everything I saw was in ruins.

/try the veal
2012-05-24 03:27:57 PM
1 votes:

cman: I'm sorry, but the Greek people lost my respect in this last election.

Electing Neo-Nazi's is a very, very scary thing


That kind of shiat happens when the economy goes south and you're up to your armpits in immigrants.
2012-05-24 02:48:41 PM
1 votes:

2wolves: Cythraul: How do you say, "you can't tax the job creators" in Greek?

Herpus derpi moranus.


That's Latin

Jumpedes, you Oedipusites!
2012-05-24 02:13:21 PM
1 votes:

BgJonson79:
So how do we fix it, when about 80% of people are average intelligence or dumber? As society becomes more complex, "regular" people won't be able to keep up and more and more people will have to be provided for since they won't be able to provide for themselves.


Start by recognizing that when the top income tax rate was lowered to 35%, the middle class vanished within a generation. Back when their own tax rate was high, business executives knew they would become MORE wealthy in a strong economy if they used company profits to hire and attract more skilled employees rather than diverting it to pay themselves exorbitant salaries while losing 90 cents on the dollar to the government.
2012-05-24 02:07:21 PM
1 votes:

2wolves: Cythraul: How do you say, "you can't tax the job creators" in Greek?

Herpus derpi moranus.


That would be Latin ;)
/Just sayin'
2012-05-24 01:41:04 PM
1 votes:

The Stealth Hippopotamus: Well I do say it's true. And history has proven me right over and over again.


No, it has not. Stop pulling things out of your ass. That's really going to cause you incontinence problems when you're old.
2012-05-24 11:34:59 AM
1 votes:

Cythraul: gameshowhost: Wait - the libertarians told me that magical charity ponies would come to the rescue. WHAR PONIES?

Thanks. You've now just turned this into a Pony thread. :/


unlikely: gameshowhost: Wait - the libertarians told me that magical charity ponies would come to the rescue. WHAR PONIES?

[farm7.static.flickr.com image 500x375]


i45.tinypic.com
2012-05-24 11:10:59 AM
1 votes:

gameshowhost: Wait - the libertarians told me that magical charity ponies would come to the rescue. WHAR PONIES?


Thanks. You've now just turned this into a Pony thread. :/
2012-05-24 11:06:47 AM
1 votes:
Wait - the libertarians told me that magical charity ponies would come to the rescue. WHAR PONIES?
2012-05-24 10:15:12 AM
1 votes:

Cythraul: How do you say, "you can't tax the job creators" in Greek?


A thousand objectivists of the Randian empire descend upon you. Our derp will blot out the sun!
2012-05-24 09:41:35 AM
1 votes:
άλμα, μπορείτε μαλάκες
 
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