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Forum » The 1% Close to Having As Much Wealth as the Entire Middle Class
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Thread: The 1% Close to Having As Much Wealth as the Entire Middle Class

post 1591392451 11-11-2019, 11:19 AM
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#271
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Originally Posted By BetaAsPhuck⏩
What makes their quality of life more valuable?

Your literal response to the living wage argument for people in developing countries was "They are still living", so what does it matter if a UK family are only being paid enough to living in a bedsit, eating rice and beans... They are still alive?

Also... Sweatshops are not confined to Bangladesh. They happen anywhere that corporations can get away with paying people crap, and providing crappy working conditions.



There is a 4th thing that could happen, and has happened for decades around the world...

Amazon pays below livable wages, and so do all other mega corporations, because there is no minimum wage or social safety net. So (like what happens in other countries) multiple members of the extended family work, being paid below livable wages, and they pool their money in order to subsist.



Yeah, and they'll be paid less for the work. (e.g. Chile.)

"You know what your boss is telling you when they pay you minimum wage? If I could pay you less, I would. It's just not allowed." - Chris Rock.



Automation.
It’s obviously not right they live like that ANYWHERE.

I haven’t argued against the minimum wage because pragmatically I think it has worked, it’s the mark of a civilised society. It’s possible to have employment laws and not agree with giving what amounts to billion dollar tax breaks to companies that don’t remotely need them. There’s no moral conundrum there which I think is what you’re driving at.

Automation? We’ve heard that since the Luddites. We’re nowhere near it.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1591392511 11-11-2019, 11:20 AM
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#272
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I will first admit that Im a dirty capitalist BUT we do have a problem. Trickle down economics have been taken over by trickle out economics. The money/opportunity that used to flow down to the middle class and build a strong base for our economy is being sent to third world countries. The US is building THEIR strong base and supporting their economies instead of its own. The 1% is still making their cut but the cheese that used to fall off of the tables and into the middle classes mouth has stopped.

Im fairly high up in a very large global company (no-ebrag). Its a good company but I'm constantly involved in discussions/strategies that push work out of America and into third world countries. It isnt an evil major corporation that is trying to hoard money (like many people believe). The executive leadership is simply trying to stay competitive in a tight global economy in an industry with tight margins.

The government needs to take a long look at external Visas and make an in-depth review of how tarrifs and trade deals can handle the situation. I typically believe in letting the free market flow but the market isnt free at this point. Its a manipulated market that US companies are forced to participate in...
post 1591392541 11-11-2019, 11:20 AM
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#273
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Originally Posted By messomi⏩
agreed he is horrible he constantly asks questions when he doesn't understand or doesn't want to understand he keeps rephrasing and asking new questions until the point that he just stops answering.
In the spirit of when questioning is OK, do you not see how this is exactly something a brainwashed NPC would say? Being triggered someone would question their viewpoints and requesting they explain their reasoning.
post 1591392581 11-11-2019, 11:21 AM
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#274
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Originally Posted By BetaAsPhuck⏩
You described him as a 'reasonable' poster, which to me is a word that implies respect for his posts. I guess you didn't mean it that way, but I am baffled by why you consider him a reasonable posters.



People will write a couple of paragraphs, and he posts literallyone linesarcastic questions in response.

Other posters mix actual arguments in with sarcasm. IMO that is a significant difference.

I'm honestly baffled by why you find him reasonable... But OK... I don't think this is going to go anywhere.
I suppose from his stance on a couple of issues that most R&Pers are pretty far right. Perhaps I should have said I find his views reasonable. His posting style, I don't know enough about him.

You and I generally see eye to eye on most things, so I'm not too bothered here.
Currently: Marathon training (Run with Hal - Advanced I); The Work/Body Beast hybrid

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post 1591392791 11-11-2019, 11:25 AM
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#275
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Just be happy within yourself and don't worry about what other people have or don't have. Life is more than materialism. I have gone from minimum wage to a upper management with hard work, dependability, and good judgement. I have enough to have a comfortable life, don't need more than I have, don't care what others have.
Freedom of speech is a principle pillar of a free government; when this support is taken away, the constitution of a free society is dissolved and tyranny is erected on its ruins.

Benjamin Franklin
post 1591393021 11-11-2019, 11:28 AM
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#276
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Originally Posted By samsbolton⏩
It’s obviously not right they live like that ANYWHERE.

I haven’t argued against the minimum wage because pragmatically I think it has worked, it’s the mark of a civilised society.
That's wasn't what I was driving at, but I don't think that it's practical.

Fair enough that you don't want to drop the minimum wage, but you want to drop welfare programs.
It’s possible to have employment laws and not agree with giving what amounts to billion dollar tax breaks to companies that don’t remotely need them. There’s no moral conundrum there which I think is what you’re driving at.
If I understand your position better then, are you saying that you want the minimum wage to be raised to a point where corporations pay the burden, instead of the public?

If that is correct, then I mistook your position for a free market capitalist one... Sorry, if that is the case.
Automation? We’ve heard that since the Luddites. We’re nowhere near it.
Why it's different this time...



https://www.youtube.com/watch?v=WSKi8HfcxEk
If You Don't Like To Talk About Your Feelings, This Might Help...
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The Most Heartbreaking Thing That I've Learned About 'The Elite'.
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Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1591393181 11-11-2019, 11:29 AM
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#277
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Originally Posted By BetaAsPhuck⏩
Free market capitalist, unless you are going to claim that Milton Friedman was actually proposing socialism?
Friedman was a monetarist. Nobody who has any idea what they are talking about would suggest that having a centralized group of elites controlling the entire monetary system is in any way, shape, or form a representation of a free market.

In a free market interest rates and money supply are determined by supply and demand. Market forces. Not an omnipotent group of government sanctioned bankers. That is a socialist economic and monetary system.

Create money out of thin air, pump it into asset markets [ including the housing market ] and enrich those who own those assets at the expense of those who dont. This is centralized, command and control manipulation from the top down. This is socialism. It has absolutely no relation to a free market.
"I yam what I yam" - Popeye the sailor
post 1591393391 11-11-2019, 11:33 AM
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#278
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Originally Posted By KirkMcquest⏩
Friedman was a monetarist. Nobody who has any idea what they are talking about would suggest that having a centralized group of elites controlling the entire monetary system is in any way, shape or form a representation of a free market.

In a free market interest rates and money supply are determined by supply and demand. Market forces. Not an omnipotent group of government sanctioned bankers. That is a socialist economic and monetary system.
Are you honestly claiming that Milton Friedman was a socialist? (I'm confused because you initially describe him as a monetarist, but then you basically state that any system that as a central control of the money supply is socialist.)

Can you please just answer that.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1591393531 11-11-2019, 11:35 AM
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#279
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Originally Posted By heartlikeagrave⏩
This is why i opt out as much as i can. I go to work and just do my own thing unless someone really wants to say something to me. But i'm not going to conform to everything the higher ups want. I still have to work for them but at least i can say i do what i want as long as i show up to work. If you want a decent salary and no headaches you have to conform and deal with people above you for years to even have a chance. No thnx jeffrey i'll just stick with my 30k per year and do my own thing.
In other words, you're an NPC.
Nah, fukk that. I’m not doing that.
post 1591393621 11-11-2019, 11:36 AM
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#280
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Originally Posted By KirkMcquest⏩
Friedman was a monetarist. Nobody who has any idea what they are talking about would suggest that having a centralized group of elites controlling the entire monetary system is in any way, shape, or form a representation of a free market.

In a free market interest rates and money supply are determined by supply and demand. Market forces. Not an omnipotent group of government sanctioned bankers. That is a socialist economic and monetary system.

Create money out of thin air, pump it into asset markets [ including the housing market ] and enrich those who own those assets at the expense of those who dont. This is centralized, command and control manipulation from the top down. This is socialism. It has absolutely no relation to a free market.
Bingo. It is really interesting to see people vehemently argue we need the Fed and central planning while simultaneously argue trickle down economics should be abolished. I can't think of a bigger trickle down economics program than the money printing monetary system we have now.
post 1591393731 11-11-2019, 11:38 AM
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#281
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Originally Posted By JeepBruh⏩
In the spirit of when questioning is OK, do you not see how this is exactly something a brainwashed NPC would say? Being triggered someone would question their viewpoints and requesting they explain their reasoning.
when he doesn't like the answer he asks another question hoping to get a different answer so what does have to do with being triggered?
post 1591393741 11-11-2019, 11:38 AM
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#282
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Low interest rates causes those with capital to look for other/better ROI's, which is typically income producing assets. This in turn, drives up the assumed value of those assets. In other words, the assets of the 1% are enjoying an asset bubble onpaper.
You don't have to be great to start, but you have to start to be great.
post 1591394001 11-11-2019, 11:42 AM
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#283
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Originally Posted By messomi⏩
when he doesn't like the answer he asks another question hoping to get a different answer so what does have to do with being triggered?
Being triggered when someone asks him to further explain his argument.
post 1591394131 11-11-2019, 11:43 AM
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#284
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Peasant Misc------>
Make Europe Germany Again
post 1591394941 11-11-2019, 11:54 AM
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#285
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Its pretty lulzy when people try to blame it on the "dems" or "repubs".

Theyre all in it for themselves, not the people. The rot is too deep for 1 politician to solve, they will either get blackmailed or killed.

Dems and repubs are just different sides of the same coin, a coin held by....
post 1591397561 11-11-2019, 12:34 PM
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#286
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Originally Posted By Frank
What are you even arguing? lmao jesus christ you guys are defensive.

You are spending more of your income to buy a house today than you did 30 or 40 years ago.

I would still tell my kids to buy today, if they were in a position to do so, but housing takes a larger percentage of your paycheque today than it did before.
Housing is more expensive because it is bigger. The materials cost more. And it costs more to meet the current building safety standards and regulations set forth by the government than the standards laid out 40 years ago. It's more expensive because you are getting a much larger product built to more exacting standards.

Anecdotal example - I bought my house from my dad (at a fair market price) for approximately 50% more than what he paid for it 25 years prior. If you look at wages for my current job vs what I would have been making for the same job then, I make approximately 2× more per hour. I could have gone and bought a newer house with an extra 700-1,000 square feet, instead I chose to buy an older home that was actually in my budget. Too many people nowadays buy more than they need and then whine about it costing too much. Not to mention the amenities inside the home. We are basically living in future world compared to even 20 years ago with regards to in home electronics/appliances/etc, and people on the lower end of the income scale typically have far more gadgets and tech than equivalent earners of the past.
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post 1591398051 11-11-2019, 12:43 PM
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#287
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Originally Posted By Dave22reborn⏩
Bill Gates has a net worth of 107 billion dollars. What should be done about that?
Why should anything be done is the real question? He earned money by producing and selling goods and services, then paid taxes for it. So why would we do anything about it? Who are we to tell him that it’s not his money? That he didn’t earn or deserve it?

If people don’t want the 1% to exist, stop giving them your money.
post 1591398231 11-11-2019, 12:46 PM
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#288
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Housing is a scam, the subprime crisis never ended.

The housing market will continue to grow and pop, each time those with money gobble up more cheap properties, sell for higher, rinse and repeat.
post 1591398461 11-11-2019, 12:49 PM
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#289
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Originally Posted By stillbored⏩
Why should anything be done is the real question? He earned money by producing and selling goods and services, then paid taxes for it. So why would we do anything about it? Who are we to tell him that it’s not his money? That he didn’t earn or deserve it?

If people don’t want the 1% to exist, stop giving them your money.
Do I get my money back from the sub prime crisis in 2009 then? (about 3/4 trillion gbp£ in the uk)?

I'm making the wider point that when wealth gets extremely concentrated into a few hands, it subverts the political process. See Microsoft anti trust rulings etc
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1591399521 11-11-2019, 01:12 PM
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#290
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Originally Posted By samsbolton⏩
Do I get my money back from the sub prime crisis in 2009 then? (about 3/4 trillion gbp£ in the uk)?

I'm making the wider point that when wealth gets extremely concentrated into a few hands, it subverts the political process. See Microsoft anti trust rulings etc
I can’t answer your first question, I don’t know what happened in the UK during that time, just the US.

So what have you done about it? Have you stopped using their goods and services? Have you provided alternatives to other?

Again, why should they be punished for providing goods and services that you willingly bought and paid for, then paid taxes on?
post 1591399711 11-11-2019, 01:15 PM
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#291
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Originally Posted By orangetide⏩
Housing is a scam, the subprime crisis never ended.

The housing market will continue to grow and pop, each time those with money gobble up more cheap properties, sell for higher, rinse and repeat.
as someone who sold subprime, it did in fact end
There are no 620 mid score, stated income, 100% loans anymore
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post 1591399961 11-11-2019, 01:19 PM
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#292
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Originally Posted By 5x10⏩
as someone who sold subprime, it did in fact end
There are no 620 mid score, stated income, 100% loans anymore
I meant the cycle itself, not necessarily the subprimevloans themselves.

Overvaluation of property and homes leading to a correction.
post 1591400681 11-11-2019, 01:29 PM
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#293
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so many communists itt, b-b-but it's not right it's not fair

sorry kids but this is life and life doesn't care about what's right or what's fair, there's only what is and these 1%'rs are absolutely monstering it making yuge amounts of money by preying on the middle and working class betas slaving away for them

#goodjob1%'rs
post 1591401881 11-11-2019, 01:45 PM
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#294
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The money is better invested in businesses, which rises the tide for all. Imagine how wasteful most people would be, if all that money was re-distributed.

That said, there is clearly some problems in America where the homeless and ill, sometimes through pure misfortune, end up desolate on the streets while others live in luxury.
𝕮𝖍𝖆𝖘𝖊 𝖆 𝖈𝖍𝖊𝖈𝕶, 𝖓𝖊𝖛𝖊𝖗 𝖈𝖍𝖆𝖘𝖊 𝖆 𝖇𝖎𝖙𝖈𝖍

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post 1591406341 11-11-2019, 02:48 PM
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#295
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Originally Posted By isingmodel⏩
Some of the most successful people in America champion this kind of thinking. Look at what Bill Gates, Warren Buffet or Elon Musk have to say on the matter, as a few examples.

Meanwhile you're just another wagecuck (who probably makes less than me) rimming the *******s of the ultra wealthy for no discernible reason. As I said, you've already told us that you don't like thinking too hard about the world which basically means you aren't much use to this or any discussion.



Dave would have to present something resembling an argument first. I've come across him plenty on this forum and am yet to see one.
Because it's hard to take you seriously, when you use words like wage-cuck, feudalism, and despise the private sector.
post 1591406511 11-11-2019, 02:50 PM
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#296
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Originally Posted By 5x10⏩
yeah, Buffett and gates made it in America, they should have a say

Not some broke guy on the internet , probably don’t pay much taxes at all
Pushing for socialism

No thanks

Btw, pretty good chance my fed income tax obligation exceeds your annual income
He's ranting about the ultra wealthy, and then brings up Bill Gates and Warren Buffett?
post 1591406881 11-11-2019, 02:54 PM
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#297
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Originally Posted By messomi⏩
when he doesn't like the answer he asks another question hoping to get a different answer so what does have to do with being triggered?
Are you actually claiming that you don't troll in the R/P section?
post 1591407051 11-11-2019, 02:56 PM
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#298
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Originally Posted By stillbored⏩
Why should anything be done is the real question? He earned money by producing and selling goods and services, then paid taxes for it. So why would we do anything about it? Who are we to tell him that it’s not his money? That he didn’t earn or deserve it?

If people don’t want the 1% to exist, stop giving them your money.
Why don't we ask Bill Gates what he'd like done?



Bill Gates: Let's increase taxes on all the wealthy

Random bootlicker on the internet: No Bill Gates earned his money he should keep all of it, his ******* also tastes so goddamn good
Originally Posted By Dave22reborn⏩
Because it's hard to take you seriously, when you use words like wage-cuck, feudalism, and despise the private sector.
No one takes you seriously, dumb dave.
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post 1591407301 11-11-2019, 02:58 PM
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#299
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Originally Posted By isingmodel⏩
Why don't we ask Bill Gates what he'd like done?



Bill Gates: Let's increase taxes on all the wealthy

Random bootlicker on the internet: No Bill Gates earned his money he should keep all of it, his ******* also tastes so goddamn good



No one takes you seriously, dumb dave.
That's great that Bill Gates, one of the greatest philanthropists of all time, thinks we should tax the rich more

I'm sure not all the rich agree with him

Did we come up with any better ideas today on this? Someone said increase the minimum wage, even though only like 5% of workers actually only earn minimum wage so that won't do much. Any other great ideas? Just take all the money away from the rich and give to the govment?
post 1591407751 11-11-2019, 03:05 PM
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#300
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Originally Posted By isingmodel⏩
Why don't we ask Bill Gates what he'd like done?



Bill Gates: Let's increase taxes on all the wealthy

Random bootlicker on the internet: No Bill Gates earned his money he should keep all of it, his ******* also tastes so goddamn good



No one takes you seriously, dumb dave.
What's stopping Bill Gates from donating his money to the government again?
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