jigger: Also, this graph is obligatory in this thread.[www.intellectualtakeout.org image 586x398]
jigger: Phil McKraken: And yes, inflation is a just a fact of life - it existed before the creation of the Fed, so please be careful with the blame.http://www.westegg.com/inflation/Yeah, but...go here and input 1800 and 1900.What cost $100 in 1800 would cost $48.94 in 1900.Then put in 1900 and 2000.What cost $100 in 1900 would cost $2062.86 in 2000.
colon_pow: Just tax the rich and give all the nonworkers free shiat.Bam.Done.
ltr77: The rich are the non-workers, at least when it comes to actual contributions to society.
sarajlewis83: It's almost as if he was more concerned about the end result of his directive, and not so much about how it happened.
Ishkur: The War on Poverty was actually making some real progress before it was summarily and suddenly cancelled in 1980.There's been no real effort to re-address the problem ever since.
Lee Jackson Beauregard: colon_pow: Just tax the rich and give all the nonworkers free shiat.Bam.Done.And everyone getting food stamps is a nonworker. Those people working stock rooms and cash registers and dealing with surly customers for bullschitt "pay" are nonworkers.
StrikitRich: El Pachuco: His comment also seems to iimplicitly ignore the fact that all other major currencies have inflation as well, and implies only the dollar has seen a reduction.And what does the fact that other currencies have also inflated have to do with US wages? Are German wages directly tied to US inflation? Australian? Brazilian? I'm paid in US Dollars, not Rand, Pounds, Pesos or Marks.
For reasons too complex for this forum, mild inflation is the best, or least-worst, option, and the fact that modern governments do have enough control to keep inflation under control even through the recent bank/mortgage catastrophe is a testament to the abilities of the Federal Reserve and its foreign counterparts.
But as always, folks with little to no education on the subject have no problem whinging about how awful it is that you can't buy things today at 1914 prices (with 2014 wages, natch, not 1914 wages), and it's all the Fed's fault, and especially every D administration, and thank god St. Reagan fought them tooth and nail or we'd be like Zimbabwe with wheelbarrows of cash to buy a loaf of bread and furthermore.
jgbrowning: The disproportional distribution of the wealth generated from labor is the cause of this. The wealthiest among us are taking more and more of the pie, even while it gets bigger.
Notabunny: The poors should simply be more bootstrappy and buy lobbyists, judges, and politicians in order to make federal economic policies which favor them for decades. It works for the rich.
Notabunny: Double the current stingy unemployment benefits
SevenizGud: The democrats buy the votes by giving losers money to be losers.
SevenizGud: jgbrowning: The disproportional distribution of the wealth generated from labor is the cause of this. The wealthiest among us are taking more and more of the pie, even while it gets bigger.If the poors weren't so lazy and stupid, they would be able to take more.Instead they sit on the couch watching Springer and get paid $670/month to do it.Vote democrat!
SevenizGud: Notabunny: Double the current stingy unemployment benefitsAnd pay for it how? farking unicorn fart futures contracts?
NewportBarGuy: I shudder to think what it would be without the social safety net.
Dan the Schman: You couldn't be a more obvious troll if your name was TrollBot5000.
Notabunny: Here's my idea; Double the current stingy unemployment benefits as long as the recipient is maintaing a 3.0 or better GPA in college or trade school, and extend the benefits for 1 year after graduation. I'll bet the ROI would be fantastic.
rewind2846: Notabunny: Here's my idea; Double the current stingy unemployment benefits as long as the recipient is maintaing a 3.0 or better GPA in college or trade school, and extend the benefits for 1 year after graduation. I'll bet the ROI would be fantastic.In some states (like California) your unemployment benefits will be cut off if they find out that you are attending classes, even at a state school or community college.Why? Because according to their logic "you won't be able to take a job - any job - at a moment's notice because of your classes". Never mind that the same could be said of anyone with children, parents or other dependents who need taking care of, it's school that matters.Instead of working to better yourself and having the state give you a break - for which they will receive much in tax dollars later - they would rather have you sit on your ass, collect the check, and wait for the employers you've contacted to contact you in return.I don't know if these idiot policies are the same now, but that's the way it was back in 2006.
Notabunny: I would also make that education tuition-free. Imagine what it would be like if anyone who wanted a college degree or trade school certificate could get one for free as long as they maintained a good GPA. I think our society would be changed for the better in a big way.
Dan the Schman: [Redacted] couldn't be a more obvious troll if [Redacted's]
jigger: Also, this graph is obligatory in this thread.
bizzwire: jigger: Also, this graph is obligatory in this thread.Holy crap! 1/3 of the country was in poverty in 1950?And these are the halcyon days the GOP wants to return to?
bizzwire: We need more well-paying manufacturing jobs, like we used to have.I would pay a premium on shoes, clothing,and electronic tschotskes that were made in the USA. The problem is the "race to the bottom," and the perceived notion that the whole point of business is to squeeze out the last possible penny of profit,no matter what the cost.There's a store in Boston called "Ball and Buck." They only sell products made here, including some kickass Randolph Technologies sunglasses. I encourage all Boston Farkers to patronize them.
jjorsett: rewind2846: jjorsett: You phrase it as though he never left.Sh*t on a carpet stinks even after you clean it up.So you're saying five years of Obama hasn't solved anything. We're in agreement there, at least.
sarajlewis83: Catholic Paul Ryan and others of his ilk would be best served by looking into their own Bibles: the parable of the Good Samaritan and the story of the sheep and goats in Matthew 25 are excellent places to start. For all his 3 years of ministry, Jesus didn't say much at all concerning same-sex relationships, but He sure talked about those poors, and how all Christians are ordered to relate to them, quite a bit.
Phil McKraken: especially the people who make big money from submitting false Medicare/Medicaid claims?
cirby: Most of them want to return to the part where the economy was doing well and the poverty rate was seriously dropping, like it did through the 1950s and most of the 1960s. Or did you miss that part of the graph? In the time from 1950 to 1965, it dropped from above 30% to below 20%. That's a good thing.
Notabunny: Easy. Tax the rich
SevenizGud: So punish productive people to have more give-aways to people who sit on their ass all day.
Mrtraveler01: Which side is the productive people and which side are the people who sit on their ass all day?
SevenizGud: Those people who sit on their ass all day - those are the ones who are sitting on their ass all day.
jjorsett: Any time you call something, "The War On ..." you can count on it being eternal, from poverty to drugs to terror.
SevenizGud: So punish productive people
Ishkur: SevenizGud: So punish productive peopleRich people aren't productive. They don't have to be. That's the whole point of being rich!
thurstonxhowell: jjorsett: Any time you call something, "The War On ..." you can count on it being eternal, from poverty to drugs to terror.That's a pretty easy argument to make, considering that poverty, drugs, and terror were all going to be eternal no matter what anyone said about them.
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