Tiberius Posted August 6, 2014 Share Posted August 6, 2014 http://blogs.wsj.com/economics/2014/08/05/inequality-is-damaging-the-u-s-economy-sp-study-says/ Link to comment Share on other sites More sharing options...
Chef Jim Posted August 6, 2014 Share Posted August 6, 2014 (edited) They seem to imply that the wide education gap is a bigger reason. Do you even read beyond headlines? So how would you suggest we reallocate assets? Edited August 6, 2014 by Chef Jim Link to comment Share on other sites More sharing options...
Azalin Posted August 6, 2014 Share Posted August 6, 2014 So how would you suggest we reallocate assets? I'm guessing 'redistribution of wealth via taxation'. Link to comment Share on other sites More sharing options...
Chef Jim Posted August 6, 2014 Share Posted August 6, 2014 I'm guessing 'redistribution of wealth via taxation'. And the whole premise is that the "poor" will have more money to stimulate the economy. So, you give them more they spend it all on **** they probably won't need GDP will grow and they'll still be poor. Hey gator why are you suggesting we use the poor to stimulate the economy? You hate the poor right? Link to comment Share on other sites More sharing options...
3rdnlng Posted August 6, 2014 Share Posted August 6, 2014 Is this the new mantra and does it mean the war on woman is now over? Link to comment Share on other sites More sharing options...
keepthefaith Posted August 6, 2014 Share Posted August 6, 2014 What the article should say is that a weak economy and weak demand for labor hurts lower income people the most. Link to comment Share on other sites More sharing options...
GG Posted August 6, 2014 Share Posted August 6, 2014 I don't imagine the idiot actually read the report? Link to comment Share on other sites More sharing options...
IDBillzFan Posted August 6, 2014 Share Posted August 6, 2014 If only we had a president who wasn't so committed to widening the income equality gap and who actually cared about the poor, young minorities who are most hurt by the current admin's policies. Oh, well...what say we order another law for the LGBT world and get busy hitting the campaign circuit, ammiright? Link to comment Share on other sites More sharing options...
B-Man Posted August 6, 2014 Share Posted August 6, 2014 Seems like a good thread for this.... Charles Koch: How to Get Our Economy Moving Again If there is anyone in the world who knows how to create wealth and generate good, high-paying jobs, it is Charles Koch. In USA Today, Koch sets out a basic prescription for how to improve our economy, accompanied by some eye-popping statistics: Like most Americans, I am deeply concerned about our weak economic recovery and its effects on millions of families. Opportunity, especially for the young and disadvantaged, is declining. High underemployment has become our new norm. … Too many businesses focus on getting subsidies and mandates from government rather than creating value for customers. According to George Mason University’s Mercatus Center, such favors cost us more than $11,000 per person in lost GDP every year, a $3.6 trillion economic hit. That is astonishing. Everyone knows (unless he is a liberal economist like Paul Krugman) that cronyism promotes inefficiency. But the magnitude of the problem is stunning: if the Mercatus Center analysis is correct, cronyism is deflating the economy by around 21%! Imagine if every American got a 21% raise: that is only a small part of what free market economic policies could accomplish, if they were not blocked by the Democratic Party. Then, of course, we have the problem of excessive government regulation: Federal rules cost America an estimated $1.86 trillion per year, calculated the Competitive Enterprise Institute. At Koch Industries, we’ve seen how punitive permitting for large projects creates years of delay, increasing uncertainty and cost. Sometimes projects are canceled and jobs with them. Meanwhile, 30% of U.S. employees need government licenses to work. We need a system that rewards those who create real value, not impedes them. The main thing standing between you and a higher income, assuming you own an alarm clock, is the government. More: [W]e should eliminate the artificial cost of hiring. Government policies such as Obamacare have given businesses a powerful incentive to hire two part-time people to do one full-time job. This trend was reflected in June’s employment data, which included the loss of half a million full-time jobs. In 2007, 4.4 million Americans worked part-time jobs because they could not find full-time work. That number now stands at 7.5 million, up 275,000 in June. The Obama administration hailed the June employment data as a triumph, even though the number of full-time jobs declined by a half million. They want you and your children to accept a “new normal” in which part-time employment as a barista is a reasonable expectation for a college graduate. Government likes for its citizens to be lazy, incompetent and dependent. That’s bad for the citizens, but good for the government: Finally, we need greater incentives to work. Costly programs, such as paying able-bodied people not to work, are addictive disincentives. By undermining people’s will to work, our government has created a culture of dependency and hopelessness. Government control over the economy, promotion of dependence and cronyism have been tried. They have failed. It is time for something different: Our government’s decades-long, top-down approach to job creation has failed. Its policies have made our problems worse, leaving tens of millions chronically un- or underemployed, millions of whom have given up ever finding meaningful work. In doing so, our government has not only thwarted real job creation, it also has reduced the supply and quality of goods and services that make people’s lives better and undermined the culture required to sustain a free society. When it comes to creating opportunities for all, we can do much better. It’s time to let people seek opportunities that best suit their talents, for businesses to forsake cronyism and for government to get out of the way. Link to comment Share on other sites More sharing options...
Doc Posted August 6, 2014 Share Posted August 6, 2014 I'm guessing 'redistribution of wealth via taxation'. The report also said that taxing the rich more won't help. Link to comment Share on other sites More sharing options...
Chef Jim Posted August 6, 2014 Share Posted August 6, 2014 The report also said that taxing the rich more won't help. Report?? You mean there was an actual report attached to that headline? [/gatorman] Link to comment Share on other sites More sharing options...
Nanker Posted August 6, 2014 Share Posted August 6, 2014 One wonders what gatorguy, birdbrain, and Joe-the-Holiday-5-Pack would really do if they were blessed with hundreds of millions of dollars. Link to comment Share on other sites More sharing options...
DC Tom Posted August 6, 2014 Share Posted August 6, 2014 One wonders what gatorguy, birdbrain, and Joe-the-Holiday-5-Pack would really do if they were blessed with hundreds of millions of dollars. If they were blessed with it, they'd probably insist they deserved it. If they earned it...but who are we kidding? They never could. Link to comment Share on other sites More sharing options...
Azalin Posted August 6, 2014 Share Posted August 6, 2014 The report also said that taxing the rich more won't help. indeed. my response was meant for Chef's 'So how would you suggest we reallocate assets?' question that he posed. I was acting as a sort of surrogate for the g-man, since we all know how he'd answer. Link to comment Share on other sites More sharing options...
Doc Posted August 6, 2014 Share Posted August 6, 2014 indeed. my response was meant for Chef's 'So how would you suggest we reallocate assets?' question that he posed. I was acting as a sort of surrogate for the g-man, since we all know how he'd answer. My bad. Link to comment Share on other sites More sharing options...
Azalin Posted August 6, 2014 Share Posted August 6, 2014 My bad. no worries. besides, it's good to see that the article gets it right. Link to comment Share on other sites More sharing options...
Tiberius Posted August 6, 2014 Author Share Posted August 6, 2014 They seem to imply that the wide education gap is a bigger reason. Do you even read beyond headlines? So how would you suggest we reallocate assets? “Some degree of rebalancing—along with spending in the areas of education, health care, and infrastructure, for example—could help bring under control an income gap that, at its current level, threatens the stability of an economy still struggling to recover,” S&P concludes. I didn't see anything wrong with these ideas Next question...I know there is one. [Pointless...lol] One wonders what gatorguy, birdbrain, and Joe-the-Holiday-5-Pack would really do if they were blessed with hundreds of millions of dollars. I'd use it to make more money I don't imagine the idiot actually read the report? I didn't read the report. So what? I'm guessing 'redistribution of wealth via taxation'. It would probably be better for the economy to actually borrow the money instead of resorting to taxation, but I'd be open to increased taxation Link to comment Share on other sites More sharing options...
GG Posted August 6, 2014 Share Posted August 6, 2014 I didn't read the report. So what? Proves you're an idiot. Link to comment Share on other sites More sharing options...
DC Tom Posted August 6, 2014 Share Posted August 6, 2014 I didn't read the report. So what? You posted something you didn't even read? What the !@#$ is wrong with you? Link to comment Share on other sites More sharing options...
3rdnlng Posted August 6, 2014 Share Posted August 6, 2014 I didn't see anything wrong with these ideas Next question...I know there is one. [Pointless...lol] I'd use it to make more money I didn't read the report. So what? It would probably be better for the economy to actually borrow the money instead of resorting to taxation, but I'd be open to increased taxation So, you started a thread based on a report you linked to but didn't read? Pathetic. Link to comment Share on other sites More sharing options...
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