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(CNBC)   Dear Poors. Stop being poor   (cnbc.com) divider line
    More: Sad, Economics, Working class, Money, Inflation, federal government, Milton Friedman, rich people, Monetary policy  
•       •       •

6150 clicks; posted to Politics » on 20 Sep 2020 at 7:05 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



277 Comments     (+0 »)
 
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2020-09-20 4:26:32 PM  
Approves.
Fark user imageView Full Size
 
2020-09-20 4:29:34 PM  
Why don't they just buy more money?
 
2020-09-20 4:30:09 PM  
Now that's what I call an amazing grasp on the obvious
 
2020-09-20 4:40:43 PM  
The rich aren't the problem, and it's not their fault

Oh, I beg to differ.

An entire article that mentions that taxes on the rich 'could be higher' without actually advocating for anything beyond 'maybe build some bridges and highways' without tossing out the easiest of easy ideas that could actually help and don't take up much space.

Here are the first couple that come to mind:

Expand the EITC
Increase the social safety net, broadly.
Medicare for All
Increase the minimum wage.
Strengthen unions and (possibly) end 'at will' employment
Initiate a green new deal/jobs program.
Federally guarantee employment.
Stop evictions immediately.  Create a plan to get those tens of millions of people back to square 1.
Increase taxes on corporations and the wealthy.
Massively increase the inheritance tax.
Massively increase IRS enforcement for the top 10% of earners.
 
2020-09-20 4:42:12 PM  
After reading the TFA, I kinda agree with most of the points made.  True, the problem is that the working class doesn't have enough income.  I cannot agree with the conclusion that it isn't the rich peoples fault though.  I will grant that individually, it isn't their fault for most.  The problem is that the collective rich are using their riches to buy a bigger slice of the pie, leaving a smaller share for everyone else.  Then they use the riches to keep the riches in rich hands, which leads to the situation we're in today.

/riches
 
2020-09-20 4:44:30 PM  
Rich people love the poor.  No matter what the poor have to pay money to the rich to have housing, food and clothing.  The rich don't care where they get the money to pay for that.  It can come from the Govt.  of which the rich pay little in taxes to. It can come from theft which doesn't bother the rich because they don't live in "those" neighborhoods.. It can also come from payday loans.  Which the rich love because then they also make interest off the poor.  The rich then have a large labor pool of people begging for jobs which also keeps labor costs down.  Win-win all around for the rich.
 
2020-09-20 4:59:40 PM  
Until ... wages increase ...

And who are the people that refuse to pay higher wages to their workers so their corporate and personal incomes can be higher? The rich, who are so "good at making money".

It's really very simple: stop being greedy farks and pay people what their day's labor is worth, i.e., a living wage.
 
2020-09-20 5:04:18 PM  
Can we at least agree no one should be rich enough to have their own space program.  The fact we have TWO is just begging for us to end up living out our existence coontil extinction via climate change) as background in a sh*tty Matt Damon sci-fi movie.
 
2020-09-20 5:09:09 PM  
'Murica.
 
2020-09-20 5:33:13 PM  
Define "The Rich"

Because it's the people that make more then 500k that biatch about paying taxes are the problem.
 
2020-09-20 5:33:17 PM  
Rich people buying their own laws are the reason we have so many poor people.
 
2020-09-20 5:36:02 PM  
Capitalism does not equal democracy.
 
2020-09-20 5:36:51 PM  
The rich, corporations, and republicans are the problem.  Until we elevate the poor and middle class (or we start hanging/guillotining the rich and conservative politicians) nothing will ever change.  Many problems in America are the direct result of how the economy and the government favor the rich and corporations above all else.
 
2020-09-20 5:37:37 PM  

weddingsinger: The rich aren't the problem, and it's not their fault

Oh, I beg to differ.

An entire article that mentions that taxes on the rich 'could be higher' without actually advocating for anything beyond 'maybe build some bridges and highways' without tossing out the easiest of easy ideas that could actually help and don't take up much space.

Here are the first couple that come to mind:

Expand the EITC
Increase the social safety net, broadly.
Medicare for All
Increase the minimum wage.
Strengthen unions and (possibly) end 'at will' employment
Initiate a green new deal/jobs program.
Federally guarantee employment.
Stop evictions immediately.  Create a plan to get those tens of millions of people back to square 1.
Increase taxes on corporations and the wealthy.
Massively increase the inheritance tax.
Massively increase IRS enforcement for the top 10% of earners.


The budget BUMP the pentagon got would pay for free college. The BUMP.
 
2020-09-20 5:51:47 PM  

weddingsinger: The rich aren't the problem, and it's not their fault

Oh, I beg to differ.

An entire article that mentions that taxes on the rich 'could be higher' without actually advocating for anything beyond 'maybe build some bridges and highways' without tossing out the easiest of easy ideas that could actually help and don't take up much space.

Here are the first couple that come to mind:

Expand the EITC
Increase the social safety net, broadly.
Medicare for All
Increase the minimum wage.
Strengthen unions and (possibly) end 'at will' employment
Initiate a green new deal/jobs program.
Federally guarantee employment.
Stop evictions immediately.  Create a plan to get those tens of millions of people back to square 1.
Increase taxes on corporations and the wealthy.
Massively increase the inheritance tax.
Massively increase IRS enforcement for the top 10% of earners.


Debt forgiveness for all rents and utility bills.
 
2020-09-20 6:29:11 PM  

TomDooley: Rich people love the poor.  No matter what the poor have to pay money to the rich to have housing, food and clothing.  The rich don't care where they get the money to pay for that.  It can come from the Govt.  of which the rich pay little in taxes to. It can come from theft which doesn't bother the rich because they don't live in "those" neighborhoods.. It can also come from payday loans.  Which the rich love because then they also make interest off the poor.  The rich then have a large labor pool of people begging for jobs which also keeps labor costs down.  Win-win all around for the rich.


George Carlin Breaks Down Wealth Inequality
Youtube 1dY3GNt7sG8
nsfw
 
2020-09-20 7:04:52 PM  
He really likes how that second paragraph starts
 
2020-09-20 7:06:53 PM  
The free market is such a religion, these benighted dipshiats blame everyone for failing it. Failing the god. The god cannot fail anyone that doesn't commit the right rituals.
 
2020-09-20 7:07:20 PM  
Jesus H. Christ on a farking bicycle. I read that shiat and someone actually said that shiat.

And you wonder why we google "how much does it cost to build a guillotine" so often.
 
2020-09-20 7:08:27 PM  
Maybe there would be more money in the hands of the poor and the middle class, if rich people weren't hoarding it all, and trying to extract every last bit that they don't yet have.
 
2020-09-20 7:09:06 PM  

neongoats: Jesus H. Christ on a farking bicycle. I read that shiat and someone actually said that shiat.

And you wonder why we google "how much does it cost to build a guillotine" so often.


Fark user imageView Full Size
 
2020-09-20 7:09:46 PM  
I have the Republican buddy who constantly complains that taxes are too high and that's why everyone is struggling. Eventually I pointed out that the problem isn't taxes, which are at historically low levels, but rather that he isn't getting paid enough. Showed him the charts and everything.

He was angry for about a day, and then went back on his "but muh taxes" bender a few days later.

I think it's just the being angry that pleases him.
 
2020-09-20 7:10:16 PM  
No, Michael, we don't want to watch
you suck that dick but thank you for the offer.

And another shiathead that attempts to conflate taxation as a form of punishment on his paymasters.
 
2020-09-20 7:11:18 PM  
Fark user imageView Full Size
 
2020-09-20 7:11:30 PM  

Tell Me How My Blog Tastes: Why don't they just buy more money?


Or give more money to the rich so that it trickles down.
 
2020-09-20 7:11:44 PM  
That Biden tax plan that the rich are  gnashing thier teeth and shiatting their pants over, will raised the taxes of someone making a half a million dollars by a yearly total of .... [drum roll]
$2600.00

/fark the rich
 
2020-09-20 7:13:29 PM  
FTA:

Most of the rich were rich 10 years ago and have become richer. Most of the rich were rich 10 years ago and have become richer.

Rich or poor, it looks like the author of this article can't afford a farking editor.
 
2020-09-20 7:13:36 PM  
The U.S. economy is the largest in the world, and nearly 70% of it is driven by consumer spending. Billionaires are a fraction of the top 1%, and they literally can't spend all their money. There is so much money in so few hands at the very top that they simply can't spend enough of it to make a difference to an economy as large as America's. The problem is that the poor and middle class don't have enough money.

So the economy is driven by consumer spending, billionaires can't possibly spend all their money, nobody else has enough money to spend, but the issue isn't billionaires? That's not just a bad take. That's looking at the plain facts and deciding to reject them because you don't like them.
 
2020-09-20 7:13:58 PM  
In a consumer economy that is entirely dependent on the speed of money exchange, it seems odd that the billionaires lack the grasp that if there is not a healthy mass of consumers, there is no economy.
-
Even that fascist skinflint bastard Henry Ford recognized that no matter how cheaply your factories can produce items, if the working class is not able to buy the resulting product it is completely irrelevant as you have no market.
-
Henry Ford; "There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible."
-
That last part was not bleeding heart liberal sentiment - it was a farking key part of the business model for capitalism to survive
 
2020-09-20 7:14:43 PM  
The rich are good at being rich; they buy expensive houses, cars, planes, and other toys. They hire people and create some jobs but not enough to have a discernible impact in an economy the size of the U.S.

So... You're saying trickle down economics don't work?  I'm shocked. SHOCKED.
 
2020-09-20 7:14:44 PM  
Front 242 Welcome To Paradise V 1 0 V
Youtube osQMG9f0HC0
 
2020-09-20 7:15:26 PM  
Dear dumbass,

I'll stop being poor when you quit being a dumbass.

xoxo,
 
2020-09-20 7:16:12 PM  

swahnhennessy: [YouTube video: Front 242 Welcome To Paradise V 1 0 V]


It came on rotation in my car, today.  By coincidence.

(I have 600 CDs on a USB key)
 
2020-09-20 7:16:18 PM  
"It's easy to hate the rich for all that they have and all that you don't, but the rich aren't the problem."

Bullshat. It's easy to hate the rich that forget where their money comes from... "the poors". Those rich are indeed the problem. Plenty of rich that aren't assholes, and remember where they came from and how they got to where they are. Those rich also give back and aren't the ones pissing and moaning about taxes.

Trickle down is a lie. Money in a capitalist system ALWAYS trickles UP.
 
2020-09-20 7:16:32 PM  
i.huffpost.comView Full Size


Dear Poors,

Be like these people.

Thanks, the Wall Street Journal
 
2020-09-20 7:16:40 PM  
Is this satire? The guy is laying out some of the problems with capitalism and then saying, "gee whiz, the market needs to find a solution to this."
 
2020-09-20 7:16:47 PM  

kbronsito: Tell Me How My Blog Tastes: Why don't they just buy more money?

Or give more money to the rich so that it trickles down.


Before they rebranded it 'Trickle Down' economics, it had another name - 'Horse and Sparrow' economics.
-
/Look it up. Preferably not while eating.
 
2020-09-20 7:18:02 PM  

MrBallou: Until ... wages increase ...

And who are the people that refuse to pay higher wages to their workers so their corporate and personal incomes can be higher? The rich, who are so "good at making money".

It's really very simple: stop being greedy farks and pay people what their day's labor is worth, i.e., a living wage.


Hey now...People are only paid "market value for their work".  If that work can be obtained cheaper then it's the company's right to take advantage.

...But hard work merits reward.

/I remember how that was said in the same breath back during the W. years on an almost constant basis
 
2020-09-20 7:19:30 PM  

misanthropicsob: [Fark user image 425x318]


David Horsey is the best.
 
2020-09-20 7:20:53 PM  

rewind2846: "It's easy to hate the rich for all that they have and all that you don't, but the rich aren't the problem."

Bullshat. It's easy to hate the rich that forget where their money comes from... "the poors". Those rich are indeed the problem. Plenty of rich that aren't assholes, and remember where they came from and how they got to where they are. Those rich also give back and aren't the ones pissing and moaning about taxes.

Trickle down is a lie. Money in a capitalist system ALWAYS trickles UP.


Wealth in capitalism doesn't trickle up, it's stolen by capitalists who make millions out of the exploitation of workers they pay thousands.
 
2020-09-20 7:21:24 PM  

Dryad: In a consumer economy that is entirely dependent on the speed of money exchange, it seems odd that the billionaires lack the grasp that if there is not a healthy mass of consumers, there is no economy.
-
Even that fascist skinflint bastard Henry Ford recognized that no matter how cheaply your factories can produce items, if the working class is not able to buy the resulting product it is completely irrelevant as you have no market.
-
Henry Ford; "There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible."
-
That last part was not bleeding heart liberal sentiment - it was a farking key part of the business model for capitalism to survive


Keeping the markets alive and keeping capitalism thriving are only concerns for people who give a shiat what happens after they die.
 
2020-09-20 7:21:31 PM  
fark, this guy knows the rich are getting richer but for some reason it's a farking mystery to him that the poor are getting the shaft. Productivity has increased, taxes are lower, corporate profits are up, rich are richer, bailouts for corporate farkery, but some how it's poor people's fault they're in worse shape? gawdammitsomuch, farkers like this deserve to be crotch-stomped
 
2020-09-20 7:21:35 PM  

swahnhennessy: [Youtube-video https://www.youtube.com/embed/osQMG9f0​HC0]


This is what I came here to post.

So I will just hit "smart" and go back to drinking.
 
2020-09-20 7:22:55 PM  

weddingsinger: Can we at least agree no one should be rich enough to have their own space program.  The fact we have TWO is just begging for us to end up living out our existence coontil extinction via climate change) as background in a sh*tty Matt Damon sci-fi movie.


Two, hell.

Virgin, SpaceX, Bigelow Aerospace, and a bunch of smaller players. https://en.m.wikipedia.org/wiki/List_o​f_private_spaceflight_companies
 
2020-09-20 7:24:57 PM  
My son and I are poor. But that didn't stop us from helping a woman my son's godmother works with, who is the sole bread winner for herself, a disabled sister & her recovering addict daughter, plus 2 school aged children.

Because of the pandemic, our SNAP benefits rose to the maximum amount for both of us. Yesterday we went through everything we had, food, cleaning supplies, necessities like toilet paper and trash bags, and loaded Ms Godmother's SUV with as much as we could afford to give without hurting ourselves. It helps that I am a bulk shopper and always have extra "just in case" something happens and all of a sudden we can't afford non-food products.

Well, it's true that No Good Deed Goes Unpunished. Later in the afternoon yesterday my son's SNAP renewal comes & our allotment is being cut in half, along with us finding out last monday that my son is beginning a "no work leave." He doesn't lose his job, there's just no work right now (he works for a school district). We are told the district is allowing these part time employees to file for unemployment benefits, but they could decide to deny them. One never knows. I'm hoping they won't screw us over.

So we gave away our surplus to someone who absolutely needed everything we gave and SNAP shafted us. LOL It's going to be so much harder now to replace what we gave away. 

It felt so wonderful to help this woman, who is trying desperately to help her family, that even if I had known our SNAP benefits were getting gutted, we still would have loaded her up with close to 15 lbs of meat alone. But, again, no good deed.

I had some crazy notion that I lived in "the greatest country in the world". Now I just feel like sap for believing in it my whole life. *sigh*
 
2020-09-20 7:25:04 PM  
The reason why there are too many poor people is because there are too many Greedy Old Pigs

In suits and toes.
 
2020-09-20 7:25:19 PM  
Fark user imageView Full Size
 
2020-09-20 7:28:10 PM  
The problem is that the poor and middle class don't have enough money.

Because trickle down doesn't trickle down in any meaningful quantity.  Which is what we've been saying for 40 years now and as soon as you come to realize that's a huge part of the problem we can get on with fixing it.
 
2020-09-20 7:29:30 PM  
Fark user imageView Full Size
 
2020-09-20 7:29:35 PM  
Also what meager gains the working and middle class have made over the past 40 years have been largely swallowed up by ballooning health care costs so maybe do something about that too.
 
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