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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,876
Loc: Foreign Lands
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Sure, like Treana.
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Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 22 days
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Re: The Gold Standard [Re: ballsalsa] 1
#23949080 - 12/22/16 12:46 PM (7 years, 1 month ago) |
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Looks like no one is disputing the fact that wealth inequality started going into high gear in 1980 (the evidence is clear, I don't think it CAN be disputed).
So what happened in 1980 that led to so much wealth inequality? Trickle down economics: Give the rich big tax breaks, and pay for it with cuts to the working class.
This is EXACTLY what Trump is proposing. I had some hope that Trump might be ok, but if he does another round of trickle down, we'll see inequality like never before.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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hostileuniverse
Stranger



Registered: 05/14/15
Posts: 8,602
Loc: 'Merica
Last seen: 6 years, 7 months
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Quote:
Falcon91Wolvrn03 said: Looks like no one is disputing the fact that wealth inequality started going into high gear in 1980 (the evidence is clear, I don't think it CAN be disputed).
So what happened in 1980 that led to so much wealth inequality? Trickle down economics: Give the rich big tax breaks, and pay for it with cuts to the working class.
This is EXACTLY what Trump is proposing. I had some hope that Trump might be ok, but if he does another round of trickle down, we'll see inequality like never before.
You forgot importing millions of immigrants for cheap labor
But you didn't forget, you just IGNORE things that don't fit your agenda like a chicken shit
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 11 hours, 15 minutes
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Quote:
Falcon91Wolvrn03 said: Looks like no one is disputing the fact that wealth inequality started going into high gear in 1980 (the evidence is clear, I don't think it CAN be disputed).
So what happened in 1980 that led to so much wealth inequality? Trickle down economics: Give the rich big tax breaks, and pay for it with cuts to the working class.
This is EXACTLY what Trump is proposing. I had some hope that Trump might be ok, but if he does another round of trickle down, we'll see inequality like never before.
Yeah, because illegals flooding into the US and globalization didn't also start at the same time. 
Corporations weren't making good profit margins in the 1960-70's when they were giving people like my father annual 9-11% raises for doing the same job. 
Stock valuations had PE's down to the 5-6 range with little hope of higher profits, that changed and valuations went into the (PE) 15 range and then eventually to over (PE) 25.
"we will see inequality like never before"
That's true because there will be no real stimulus, there will be no economic tariffs, there will be no fixing the currency manipulations, there will be no deporting of cheap labor and we will see just tax breaks for corporations which will NOT reinvest it back into the economy.
You don't take trillions of wealth from the people in power by going to the voting booth, that's fantasy land.
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Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 22 days
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Re: The Gold Standard [Re: qman] 1
#23949421 - 12/22/16 03:09 PM (7 years, 1 month ago) |
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Quote:
qman said:
Quote:
Falcon91Wolvrn03 said: So what happened in 1980 that led to so much wealth inequality? Trickle down economics: Give the rich big tax breaks, and pay for it with cuts to the working class.
Yeah, because illegals flooding into the US and globalization didn't also start at the same time. 
You're right for a change. 
Immigrants flooding into the US DIDN'T start in 1980:

Similarly, globalization didn't start in 1980 either:

So you're right. But I don't get the facepalm?
Quote:
qman said: Corporations weren't making good profit margins in the 1960-70's when they were giving people like my father annual 9-11% raises for doing the same job. 
They weren't making the same profit margins that they are today - a time you insist is bad for the economy. I wonder why they made less profit in good times? Could it be that unions forced them to share profits with the workers that earned it? 
Quote:
qman said:
Quote:
Falcon91Wolvrn03 said: if Trump does another round of trickle down, we'll see inequality like never before.
That's true because there will be no real stimulus, there will be no economic tariffs, there will be no fixing the currency manipulations, there will be no deporting of cheap labor and we will see just tax breaks for corporations which will NOT reinvest it back into the economy.
But all of those things are already true. I'm talking about what will change under Trump, and I'm especially talking about the most significant factor that will lead to income inequality It's pretty obvious if you give more to the rich, you leave less for the 99%. And if it isn't obvious, please see the data here.
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qman said: You don't take trillions of wealth from the people in power by going to the voting booth, that's fantasy land.
Not unless you vote for a Bernie Sanders type of candidate.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Tipote
petty crook and transvestite


Registered: 10/28/11
Posts: 5,410
Loc: UK/France/US
Last seen: 8 months, 19 days
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i have nothing useful to add here, i'm just commenting to follow the thread and learn. I realised when we did the "where I stand on the issues" thread, that I didn't really know much about the gold standard.
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War is Peace, Freedom is Slavery, Ignorance is Strength
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,518
Loc: Uncanny Valley
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Yes, people can have approved puppets, mostly for grow logs, etc.
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,876
Loc: Foreign Lands
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it should also be noted that U.S. population growth as a percentage was relatively low during the 1980's.

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Like cannabis topics? Read my cannabis blog here
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