#OccupyWallstreet

Page 152 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
I want CAD to give me a real and substantive answer.

As my father told me long ago, people in Hell want ice water, and they're about as likely to get it as you are to get anything truly constructive from CSG or any of the other conservative natterers here...
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Great minds debate ideas.
Mediocre minds talk about events.
Small minds attack people.
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126
Well, looks like one police dept in the country has some sense:


http://www.portlandonline.com/polic...content_id=2621

Portland Police Bureau posted:

Today, we tried something new. Our Incident Commander Mike Leloff met with protestors before a march and asked if they wanted a police escort. When they told him no, he asked that they self-police their event and obey the law; police would only respond if there were complaints. The march participants agreed, and the event proceeded without any problems, or a police presence.
 

monovillage

Diamond Member
Jul 3, 2008
8,444
1
0
More from the link, just for accuracy of course.

"In interviews with KGW and KPTV on Thursday afternoon, I stated that a call involving a rape victim had not been handled by officers for three hours due to police resources being tied up with Occupy Portland. The reality was more complex. I subsequently learned that the call I referred to occurred on November 6, and there were a variety of factors impacting police resources that day, including Occupy Portland. On Friday, the Portland Police Bureau released full details surrounding this incident and our response, which you can read here. (LINK TO: http://www.portlandonline.com/police/pbnotify.cfm?action=ViewContent&content_id=2618)

It was not my intention to mislead people, especially around an incident as serious and sensitive as a reported sexual assault. I spoke about the incident without knowing all of the details and made assumptions that were not correct. I apologize; I should have gathered all of the information before discussing it publicly. " ............
 

cybrsage

Lifer
Nov 17, 2011
13,021
0
0
Strawman again.

Yes, you did use a strawman, but now you are attempting to blame your use of it on me. YOU are the one who brought up the Daily Show. Now you are sore that I said the obvious about it.

Bring a topic up, don't cry when it is discussed. Pretty easy, eh?

I get my news from plenty of sources, and I enjoy the Daily Show as witty satire to help digest it all without getting too frustrated.

Good for you...so why did you quote the Daily Show as a serious source? Or were you simply being funny and I missed it? (quite possible since the Intarweb is bad at projecting emotion)
 

cubby1223

Lifer
May 24, 2004
13,518
42
86
Bottom line, the reason we are losing ourselves as a nation is because we are continually taking away the consequences of being stupid.

Lose your job? Here is your 100th week of unemployment checks!
Devote your life to insulting "the other side"? Here is a huge pile of donation money!
Purchase a home you couldn't afford? You don't need to pay the mortgage!
Crash the financial system? Here is a billion dollar bailout!
Bitch on the internet using a non-identifiable alias? Well I think we all know the lack of consequences here...
Have your fifth child while single? Here's more welfare money! Food stamps! Have a free cell phone!

Never prepare yourself for the job market while taking college courses? College receives even more federal money while you get to be a part of a movement to occupy whatever land you choose!

We have the largest prison population because we have the most coddled prisoners in the world. Foreign nations just have to continue being more aggressive and we sink more foreign aid to rebuilding the country and feeding the populations.


None of these larger issues can be "debated", discussed, resolved, whatever, until there are serious consequences put back into place for doing the wrong things in life.


It is not good enough to just protect the freedoms of people, you *must* enforce the responsibilities of people.
 
Last edited:

cybrsage

Lifer
Nov 17, 2011
13,021
0
0
Bottom line, the reason we are losing ourselves as a nation is because we are continually taking away the consequences of being stupid.

It is not good enough to just protect the freedoms of people, you *must* enforce the responsibilities of people.

:thumbsup::thumbsup::thumbsup:
 

blankslate

Diamond Member
Jun 16, 2008
8,706
508
126
All you proved was your willful blindness wrt unions and their place in the scheme of political giving. That stands on its own, requiring nothing more from me.

Here it is again-

http://www.opensecrets.org/overview/blio.php

Advantages of 15:1, 3:1, & 17:1 are not overcome by any fuzziness in the figures or obfuscations as to who's giving what, unless you want to claim that "the base of large individual donors ... predominantly made up of business executives and professionals" are somehow union people.

Good luck with that. Perhaps some of your fellow denialists will chime in, but even they seem to have better sense than you wrt that particular subject.


You're cherry picking your links from that site and posting the links most favorable to your view point. If someone looked at more of the information on different pages from that site than you have posted links for then that person might come away with a more nuanced conclusion based on the information.
Maybe something along the lines of: Corporations, Labor Unions, PACs, etc. will give money to anyone who might cater to their interests regardless of their party affiliation and collectively they seem to give to both parties fairly equally.



For example here is a opensecrets.org page that gives an overview of donations for this year according to house, senate and presidential categories that shows the amounts by party.

http://www.opensecrets.org/overview/index.php

In the House more of the money dedicated to that part of the government is going to Republicans.
Roughly 61.4% for Republican candidates vs 38.6% for Democratic candidates

In the Senate this time Democratic candidates win out getting ~52.3% vs the ~47.7% going to Republican Candidates

The Presidential Campaign has the incumbent at about 52.8% whilst the entire Republican field has overall about 47.2%

The incumbent might have an advantage here just from being the incumbent for Presidential office but he hasn't gotten a massive majority of contributions for the year as of this month.

When the Republican ticket is chose it may be that they catch up in campaign contributions.



In regards to your heavy hitters post #3635 on page 146 of this thread
good job picking another chart that gives an impression favorable to your view point when looking at other pages in the same section provides more context.

Sure the individual people or organizations/corporations that have donated the greatest amounts collectively have donated about $1,371,258,790 to Democratic campaigns and $897,192,148 to Republican campaigns.

calculated using data from the page you linked...
http://www.opensecrets.org/orgs/list.php?order=A

This translates to a ratio of about 59.07% to 38.63%. This favors Democrats, however, just taking a quick look at the chart can give the impression that Republicans have not gotten a significant portion of the money laid out by the big spenders when they actually have. If you look at other information in on other pages within this site it would become apparent that the money is more evenly split than what the link you posted suggests...

The heavy hitters have contributed about $2.335 billion dollars to Republicans, Democrats and independents or perhaps 3rd parties from 1989 to 2012.


In contrast the largest interest group consisting of Finance, Insurance and Real Estate groups donated about $2.757 billion from 1990 to 2012 (pretty much the same time period).
As you can see that is more than what the so called heavy hitters have contributed.

If the total money contributed by all of the interest groups from that time period are taken as a whole it comes to approximately $13.77 billion overall. That amount dwarfs the amount attributed by the heavy hitters.

45% the money from the Financial/Insurance/Real Estate interest group went to Democratic candidates and 55% went to Republican candidates... or about $1,217,043,642 and $1,501,137,570 respectively

sourced here http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=F


Links for other interest groups measured by the same criteria (years 1990 to 2012) as follows:

Other: Mostly retirees, but includes groups that don't fall into other categories:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=W

Misc. Businesses:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=N

Lawyers and Lobbyists:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=K

Health - including physicians and other health related professions:
http://www.opensecrets.org/industries/indus.php?Ind=H

Communications and Technology:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=B

Ideology and single issue interest groups
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=Q

Energy and Natural Resources:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=E

Construction:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=C

Labor:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=P

Agribusiness:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=A

Transportation:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=M

Defense:
http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=D

Add all of those up and contributions to democratic campaigns do edge out the contributions to republican campaigns the percentages are very close however...

50.85% to democrats vs. 49.15% to republicans.

The total amounts from all the interest groups in the time period adds up to about $13.77 billion dollars. Way more than what the heavy hitters have contributed...

Keep in mind, however, that there are a few "blue dog" democrats who will vote more conservatively on financial issues it is hard to find the equivalent of that on the republican side. A republican who will vote for a more liberal position when it comes to financial issues is a much more rare animal.

In the current year contributions are slightly favoring republican candidates 48.8% (compared to 46.2% for democrats)

calculated from information on this page http://www.opensecrets.org/industries/index.php

What I take away from perusing the above links and others on the site this is that the money should be removed from elections. Labor Unions, Businesses, PACs (the whole lot of them) should not be able to poison election campaigns with their money and that overall (with a couple of exceptions) they are pretty much equal opportunity corruption agents.

It's easier said than done, unfortunately...

Corporations/Labor Unions/PACS are not people and money is not speech.
We need an amendment that says something along those lines.

Considering the amount of money that goes to both of the parties, seemingly based on the chance of that money influencing that candidate rather than what the canditate's party affiliation is, I don't really think that this will happen.

added after initial post
Additionally while Labor does contribute far more money as a whole to Democrats rather than Republicans. That interest groups amount of money donated isn't quite a large amount in comparison to the top interest groups.
 
Last edited:

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
Bottom line, the reason we are losing ourselves as a nation is because we are continually taking away the consequences of being stupid.

Lose your job? Here is your 100th week of unemployment checks!
Devote your life to insulting "the other side"? Here is a huge pile of donation money!
Purchase a home you couldn't afford? You don't need to pay the mortgage!
Crash the financial system? Here is a billion dollar bailout!
Bitch on the internet using a non-identifiable alias? Well I think we all know the lack of consequences here...
Have your fifth child while single? Here's more welfare money! Food stamps! Have a free cell phone!

Never prepare yourself for the job market while taking college courses? College receives even more federal money while you get to be a part of a movement to occupy whatever land you choose!

We have the largest prison population because we have the most coddled prisoners in the world. Foreign nations just have to continue being more aggressive and we sink more foreign aid to rebuilding the country and feeding the populations.


None of these larger issues can be "debated", discussed, resolved, whatever, until there are serious consequences put back into place for doing the wrong things in life.


It is not good enough to just protect the freedoms of people, you *must* enforce the responsibilities of people.

It's also important not to minimize the consequences that do exist, and to realize that people are subject to events & circumstances beyond their control.

If you want to argue that people were stupid to support Republican policies for 30 years that ultimately brought on the great Recession & the need for 100 weeks of unemployment compensation, I'd agree.

If you want to argue that Rush, Hannity, O'Reilly, Coulter & the rest have originated & profited enormously from attack politics, that they and their followers have set the tone, I'd agree.

If you want to argue that home foreclosures & repossessions should proceed at a faster pace, you need to realize that servicers are going slow for their own benefit. People who can't pay still get dispossessed, at the leisure of the servicers, not their own.

If you think we'd have been better of w/o the bailout, you're delusional. Obviously, the system needs reform to prevent future recurrences, but who's blocking that, anyway? Who thought self regulated banking would actually work, & who touted the ownership society, anyway?

My full name appeared in my profile for years- I only removed it when idiots managed to threaten me by email.

Welfare? Children should go hungry & homeless in the land of plenty because mommy isn't very bright? Really? What would you suggest as a constructive alternative?

College grads today prepared themselves every bit as well as they ever have- there's just one catch, a dearth of jobs. If 14M unemployed Americnas were magically retrained & totally competent, there's still be 14M people unemployed. You Go, Job Creators!

We have the largest prison population because of mandatory sentencing and law and order zealots declaring things to be illegal that we as a people clearly don't want to be illegal and are powerless to stop, anyway, like drugs. The vast majority of inmates have not been convicted of crimes of violence, at all. Damned few, if any, people want to go to prison because it's a soft life.

But do rave on in denial, ignore the underlying causes of what you scorn.
 

HendrixFan

Diamond Member
Oct 18, 2001
4,646
0
71
Yes, you did use a strawman, but now you are attempting to blame your use of it on me. YOU are the one who brought up the Daily Show. Now you are sore that I said the obvious about it.

Bring a topic up, don't cry when it is discussed. Pretty easy, eh?

Good for you...so why did you quote the Daily Show as a serious source? Or were you simply being funny and I missed it? (quite possible since the Intarweb is bad at projecting emotion)

*sigh*

I was responding to the notion that the majority of people at OWS had "high end" laptops and such. The bit from the daily show was goofing on the 99% versus 1% idea, showing that the people within OWS were starting to segregate themselves into the "haves" and "have nots" The wealthier end had laptops and coffee makers and other electronics. The poorer end had none of those things. They went around asking the wealthier OWS protestors if they would share their nice laptops with the other OWS protestors. The responses were hilarious and hypocritical.

However, behind the bit was a nice piece of information, which was that while there were Starbucks drinking hipsters, there were also people that didn't have much. The Daily Show wasn't reporting on the percentage of people with "high end" electronics, but it did show that there was no majority in that regard.

It wasn't a strawman argument, it was subtext picked up from cameras on the ground. It certainly carries more weight than a simple statement from some random guy on the internet that hasn't been to OWS.
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Bottom line, the reason we are losing ourselves as a nation is because we are continually taking away the consequences of being stupid.

Lose your job? Here is your 100th week of unemployment checks!
Devote your life to insulting "the other side"? Here is a huge pile of donation money!
Purchase a home you couldn't afford? You don't need to pay the mortgage!
Crash the financial system? Here is a billion dollar bailout!
Bitch on the internet using a non-identifiable alias? Well I think we all know the lack of consequences here...
Have your fifth child while single? Here's more welfare money! Food stamps! Have a free cell phone!

Never prepare yourself for the job market while taking college courses? College receives even more federal money while you get to be a part of a movement to occupy whatever land you choose!

We have the largest prison population because we have the most coddled prisoners in the world. Foreign nations just have to continue being more aggressive and we sink more foreign aid to rebuilding the country and feeding the populations.


None of these larger issues can be "debated", discussed, resolved, whatever, until there are serious consequences put back into place for doing the wrong things in life.


It is not good enough to just protect the freedoms of people, you *must* enforce the responsibilities of people.

Pretty good post. I do take exception to the comparison of unemployed bailouts to banksters. Unemployed don't get bailed out they may lose everything including their life as many people killed themselves in great depression. Banksters don't get bailed out they just stay mult hundred millionaires and lose their bonuses and maybe job. But it all needs to stop. People should get a good wage for working. But there is a little problem of more people than jobs we are too busy putting food on Chinese tables instead of our own.

Regardless, you and most people fail to see the powers that be love debt and handouts even Republicans. They talk a good game but seriously never made an effort to slash. Instead they make money coming and going. First by selling out American labor for slave labor aboard. Then loaning proceeds back to us at interest to mask the hollowing out of employment their polices wrought, and by us I mean from main street to the Federal Govt which will be extracted from us by force called taxes.
 
Last edited:

HendrixFan

Diamond Member
Oct 18, 2001
4,646
0
71
I don't disagree with this statement, now tell me how you're going to achieve it?

This may be drawn out, but I don't think restoring the middle class can be summed up quickly.

I'm sure most mildly reasonable minded folk on both sides of the political spectrum can agree that most actions by government are band aids to fix symptoms as opposed to getting dirty and solving the underlying problem. Of course, underlying problems are big and hard to fix, and band aids can stem the tide in the meantime. When band aids are the only solution and the underlying problems are ignored you get what we have now - in this case a destruction of the middle class.

So what things caused the destruction of the middle class? Why do we have in wealth disparity on par with third world countries?

As I mentioned above, globalization is a factor. But unlike many of the extreme left and extreme right, I don't think protectionism is the answer. No society throughout history was prosperous for any extended period of time by walling off. Trade has always been beneficial, and if the rest of the world is doing it without us, we will be left behind. In my illustration earlier I gave a quick and dirty run down of how globalization hurts the middle class but does not harm the elite/ruling class.

We need to globalize our economy, but we also need to employ our citizens. Think of how dumb the average person is, and then think that half of the country sits below that on the bell curve. A couple centuries ago those bottom half (*this* close to a majority BTW) could farm and make an honest living, albeit tough. A century ago those bottom half could perform factory work and make an honest living, albeit tough. Now that all that work has become automated or moved to psuedo slave labor in other countries, the bottom half are able to work simple service jobs.

Do we need 70% or so of the workforce doing service jobs? In a strict sense, no, because service jobs just move money around, they don't really create anything. But we need them because we have to have something for the bottom half (and then some) to do. While globalization has brought cheaper prices, the middle class is not better off.

http://www.youtube.com/watch?v=akVL7QY0S8A

The three biggest factors in middle class erosion are the shrinking income, exploding cost of healthcare, and debt servicing. Now those three factors tend to collide with each other in some ways, but to me they are the three most important problems.

How do you fix shrinking income? I think one of the driving factors that pushes wages down are the mega corporations. There simply isn't a true free market, or anything close, for workers seeking employment. When you have a handful of companies that employee the majority of workers in a given field/market, they can and do dictate cheaper labor.

The minimum wage has decreased with inflation in the same time frame that the middle class has seen their wages decline with inflation. A low minimum wage drags the entire middle class down. Illegal immigrant labor does the same thing as a low minimum wage, only depresses labor cost/value further because they can and do work for below minimum wage. It isn't slave labor, but it is just a slight step up. That devalues any labor going up the chain.

How do you fix healthcare costs? Universal healthcare would be the easiest way. Of course, it has to be done right. That is easier said than done as lobbyists would likely wipe their collective asses all over a good bill. Three things would make UHC better than private alternatives.

First, there is no profit. That is worth a few hundred billion a year depending on how much of the healthcare industry goes public. You pass those savings onto the public so that they can decide where that money goes. You would essentially pass the money paid by the citizens into taxes, but it would be much lower than what they pay now. If it is done right.

Second, there is a reason to push preventative care. In a for profit industry, it is "better" to treat problems instead of cure them. It is better to let someone become catastrophically sick than to have them be fit and healthy. As a society vested in UHC, we want to cure problems instead of treat them, and we certainly don't want to wait until people are catastrophically sick before giving them medical care. This is huge, because healthcare as a business by rule must be opposed to the health of its customers, because healthy customers don't make them money. The incentives are polar opposites for business and citizens.

How do you fix debt servicing? Make debt harder to obtain. Raise interest rates. This one is strongly tied into shrinking income, as it is a result. It has grown to be such a problem that it stands as its own deeply embedded issue that needs to be solved in its own right. This one is also deeply tied into Wall Street. Finance is debt creation, and finance makes up 40% of all corporate profit in the US. While some of that is money smart people use to leverage debt into profit, a considerable chunk is made up of those who use debt because they cannot afford things outright. Student loans, mortgages, cars, and of course credit cards and payday loans.

The poorest and those in the most dire of financial situations are also saddled with the most onerous interest rates. For example, I earn between 2 and 5% cashback on nearly every purchase I make. With signup bonuses, I probably pull in around 5 to 6% of the money I spend on anything other than rent as reward money. I pay no interest, and ultimately goods are cheaper for me than the purchase price. Someone who is poor, down on their luck, or just plain bad at managing money will pay more for goods and services. They pay heft interest rates and usually get hammered by late fees and overlimit fees as their paycheck to paycheck living leaves them little wiggle room. Ultimately they pay more money than the purchase price.

On a large scale, those that pay interest (including student loans and mortgages) are paying money to those that already have money and have plenty extra to invest. Like I said, finance makes up 40% of corporate profits and a ton of that money is just moving straight from the poor to the rich. Eliminate the Bush tax cuts and you don't fix that problem. Go more aggressive with pre Reagan era tax rates and you would still have debt servicing funnel vast sums of money from the poor to the rich.

So, income, healthcare and debt. Those are the big three. We can go much much deeper into each issue, and there are countless other issues that can address the destruction of the middle class, but those are the biggest to me. I'm pretty sure at this point very few people are still reading...
 

monovillage

Diamond Member
Jul 3, 2008
8,444
1
0
Thank you very much for your reply HendrixFan. I still disagree with you on your solutions, but you've been thinking about them and some have potential to be practical. Unlike many on the right, I have no problem being more protectionist for U.S. industry, some tariffs are the only way to somewhat level the field. I'm fair trade more than free trade.
Health care is a mess, frankly i'd like to see a huge increase in nurse practitioners and other workers that require much less formal education. I agree with you about preventive care being a priority. We seem to agree less on debt, i've always felt that if you sign the papers, give your word, that you need to pay it off, you knew what the terms were when you signed up. Thanks again for the reasoned response.
 

cybrsage

Lifer
Nov 17, 2011
13,021
0
0
Jesus did not advocate the overthrow of the government, sowed no sedition. He did just the opposite. He told people to pay their taxes and follow the laws.

Was not a vagrant, as travelling Rabbis were both allowed and respected in their culture.

He also was not ill nurished. He was a Jew in Judeah, the land of His birth, so He was not an alien.


Can that picture be any more wrong? Why yes, it can use a Eurpean picture!

sigh
 
Nov 30, 2006
15,456
389
121
This may be drawn out, but I don't think restoring the middle class can be summed up quickly.

I'm sure most mildly reasonable minded folk on both sides of the political spectrum can agree that most actions by government are band aids to fix symptoms as opposed to getting dirty and solving the underlying problem. Of course, underlying problems are big and hard to fix, and band aids can stem the tide in the meantime. When band aids are the only solution and the underlying problems are ignored you get what we have now - in this case a destruction of the middle class.

So what things caused the destruction of the middle class? Why do we have in wealth disparity on par with third world countries?

As I mentioned above, globalization is a factor. But unlike many of the extreme left and extreme right, I don't think protectionism is the answer. No society throughout history was prosperous for any extended period of time by walling off. Trade has always been beneficial, and if the rest of the world is doing it without us, we will be left behind. In my illustration earlier I gave a quick and dirty run down of how globalization hurts the middle class but does not harm the elite/ruling class.

We need to globalize our economy, but we also need to employ our citizens. Think of how dumb the average person is, and then think that half of the country sits below that on the bell curve. A couple centuries ago those bottom half (*this* close to a majority BTW) could farm and make an honest living, albeit tough. A century ago those bottom half could perform factory work and make an honest living, albeit tough. Now that all that work has become automated or moved to psuedo slave labor in other countries, the bottom half are able to work simple service jobs.

Do we need 70% or so of the workforce doing service jobs? In a strict sense, no, because service jobs just move money around, they don't really create anything. But we need them because we have to have something for the bottom half (and then some) to do. While globalization has brought cheaper prices, the middle class is not better off.

http://www.youtube.com/watch?v=akVL7QY0S8A

The three biggest factors in middle class erosion are the shrinking income, exploding cost of healthcare, and debt servicing. Now those three factors tend to collide with each other in some ways, but to me they are the three most important problems.

How do you fix shrinking income? I think one of the driving factors that pushes wages down are the mega corporations. There simply isn't a true free market, or anything close, for workers seeking employment. When you have a handful of companies that employee the majority of workers in a given field/market, they can and do dictate cheaper labor.

The minimum wage has decreased with inflation in the same time frame that the middle class has seen their wages decline with inflation. A low minimum wage drags the entire middle class down. Illegal immigrant labor does the same thing as a low minimum wage, only depresses labor cost/value further because they can and do work for below minimum wage. It isn't slave labor, but it is just a slight step up. That devalues any labor going up the chain.

How do you fix healthcare costs? Universal healthcare would be the easiest way. Of course, it has to be done right. That is easier said than done as lobbyists would likely wipe their collective asses all over a good bill. Three things would make UHC better than private alternatives.

First, there is no profit. That is worth a few hundred billion a year depending on how much of the healthcare industry goes public. You pass those savings onto the public so that they can decide where that money goes. You would essentially pass the money paid by the citizens into taxes, but it would be much lower than what they pay now. If it is done right.

Second, there is a reason to push preventative care. In a for profit industry, it is "better" to treat problems instead of cure them. It is better to let someone become catastrophically sick than to have them be fit and healthy. As a society vested in UHC, we want to cure problems instead of treat them, and we certainly don't want to wait until people are catastrophically sick before giving them medical care. This is huge, because healthcare as a business by rule must be opposed to the health of its customers, because healthy customers don't make them money. The incentives are polar opposites for business and citizens.

How do you fix debt servicing? Make debt harder to obtain. Raise interest rates. This one is strongly tied into shrinking income, as it is a result. It has grown to be such a problem that it stands as its own deeply embedded issue that needs to be solved in its own right. This one is also deeply tied into Wall Street. Finance is debt creation, and finance makes up 40% of all corporate profit in the US. While some of that is money smart people use to leverage debt into profit, a considerable chunk is made up of those who use debt because they cannot afford things outright. Student loans, mortgages, cars, and of course credit cards and payday loans.

The poorest and those in the most dire of financial situations are also saddled with the most onerous interest rates. For example, I earn between 2 and 5% cashback on nearly every purchase I make. With signup bonuses, I probably pull in around 5 to 6% of the money I spend on anything other than rent as reward money. I pay no interest, and ultimately goods are cheaper for me than the purchase price. Someone who is poor, down on their luck, or just plain bad at managing money will pay more for goods and services. They pay heft interest rates and usually get hammered by late fees and overlimit fees as their paycheck to paycheck living leaves them little wiggle room. Ultimately they pay more money than the purchase price.

On a large scale, those that pay interest (including student loans and mortgages) are paying money to those that already have money and have plenty extra to invest. Like I said, finance makes up 40% of corporate profits and a ton of that money is just moving straight from the poor to the rich. Eliminate the Bush tax cuts and you don't fix that problem. Go more aggressive with pre Reagan era tax rates and you would still have debt servicing funnel vast sums of money from the poor to the rich.

So, income, healthcare and debt. Those are the big three. We can go much much deeper into each issue, and there are countless other issues that can address the destruction of the middle class, but those are the biggest to me. I'm pretty sure at this point very few people are still reading...
Excellent post! If you look at wealth disparity it's interesting to note that it coincides with the erosion of quality manufactering jobs due to NAFTA, GATT and other free trade agreements. These free trade agreements encourage multi-national corporations to build elsewhere and to outsource our middle class jobs to other countries in order to drive huge cost savings. Income disparity was essentially flat for some time prior to 1980: however, it started accelerating in the early 80s and has continued unabated since that time.

 
Last edited:

Axon

Platinum Member
Sep 25, 2003
2,541
1
76
Thank you very much for your reply HendrixFan. I still disagree with you on your solutions, but you've been thinking about them and some have potential to be practical. Unlike many on the right, I have no problem being more protectionist for U.S. industry, some tariffs are the only way to somewhat level the field. I'm fair trade more than free trade.
Health care is a mess, frankly i'd like to see a huge increase in nurse practitioners and other workers that require much less formal education. I agree with you about preventive care being a priority. We seem to agree less on debt, i've always felt that if you sign the papers, give your word, that you need to pay it off, you knew what the terms were when you signed up. Thanks again for the reasoned response.

Agreed 100%. I'm as liberal as it gets socially, but I've never asked a single person to take my law school loan (100k) on for me. I've been repaying it for 4 years and it's a very stiff $1,200 a month. Believe me, when I was earning 65k a year, I was hating that thing. But still, the loan enabled me to have the earning potential I have as an attorney, and I've done well because of it and now make well into six figures.

Education is not always worth it today. Why spend $200,000+ on a friggin' art degree? The only reason I can think of is because parents absolutely insist on a college education, and not graduation with a bachelor's is looked down upon.
 

airdata

Diamond Member
Jul 11, 2010
4,987
0
0
Yet another veteran brutalized by police at #occupy event.

http://www.youtube.com/watch?v=UaruH5wZwDI&feature=player_embedded

I can understand arresting him for not complying and moving. But when you start clubbing his knee, you're intending to do serious bodily harm. And then the repeated beating after the fact is just uncalled for.

And there's actually people who support the ban on filming police officers.... If you don't film them doing stuff like this, guess what? They're going to LIE and pretend it never happened.

There have been instances during #occupy where the police deny things they're on tape doing, which only hurts their credibility.
 

Londo_Jowo

Lifer
Jan 31, 2010
17,303
158
106
londojowo.hypermart.net
I can understand arresting him for not complying and moving. But when you start clubbing his knee, you're intending to do serious bodily harm. And then the repeated beating after the fact is just uncalled for.

Obviously had the person complied he wouldn't require being arrested or force being used. I though these people were supposed to be intelligent. Looks like to me they're more stupid than a box of rocks.
 
sale-70-410-exam    | Exam-200-125-pdf    | we-sale-70-410-exam    | hot-sale-70-410-exam    | Latest-exam-700-603-Dumps    | Dumps-98-363-exams-date    | Certs-200-125-date    | Dumps-300-075-exams-date    | hot-sale-book-C8010-726-book    | Hot-Sale-200-310-Exam    | Exam-Description-200-310-dumps?    | hot-sale-book-200-125-book    | Latest-Updated-300-209-Exam    | Dumps-210-260-exams-date    | Download-200-125-Exam-PDF    | Exam-Description-300-101-dumps    | Certs-300-101-date    | Hot-Sale-300-075-Exam    | Latest-exam-200-125-Dumps    | Exam-Description-200-125-dumps    | Latest-Updated-300-075-Exam    | hot-sale-book-210-260-book    | Dumps-200-901-exams-date    | Certs-200-901-date    | Latest-exam-1Z0-062-Dumps    | Hot-Sale-1Z0-062-Exam    | Certs-CSSLP-date    | 100%-Pass-70-383-Exams    | Latest-JN0-360-real-exam-questions    | 100%-Pass-4A0-100-Real-Exam-Questions    | Dumps-300-135-exams-date    | Passed-200-105-Tech-Exams    | Latest-Updated-200-310-Exam    | Download-300-070-Exam-PDF    | Hot-Sale-JN0-360-Exam    | 100%-Pass-JN0-360-Exams    | 100%-Pass-JN0-360-Real-Exam-Questions    | Dumps-JN0-360-exams-date    | Exam-Description-1Z0-876-dumps    | Latest-exam-1Z0-876-Dumps    | Dumps-HPE0-Y53-exams-date    | 2017-Latest-HPE0-Y53-Exam    | 100%-Pass-HPE0-Y53-Real-Exam-Questions    | Pass-4A0-100-Exam    | Latest-4A0-100-Questions    | Dumps-98-365-exams-date    | 2017-Latest-98-365-Exam    | 100%-Pass-VCS-254-Exams    | 2017-Latest-VCS-273-Exam    | Dumps-200-355-exams-date    | 2017-Latest-300-320-Exam    | Pass-300-101-Exam    | 100%-Pass-300-115-Exams    |
http://www.portvapes.co.uk/    | http://www.portvapes.co.uk/    |