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Undertoad · 10-17-2011, 09:58 AM

I'm a broad skeptic, I tend to try to work out the problem with everything. Also I took Econ 101 and loved it and learned a great deal.

There are no times when the pie gets bigger but the 1% keeps the entire increase.

You can't find those times on the chart. Please look for them and point them out if you find them. This is the economic principle I pointed out earlier: in the good times, the rich get richer faster; in the bad times, the rich get poorer faster.

Economic growth is a tide that lifts all boats, including both the big yacht and the little rowboat.

I do not care what other people make, as long as there is sufficient dynamism in the system that the money can regularly turn over and the 1% can regularly turn over. If the 1% have a lot of it now, that's fine, as long as they continue to want more of it. The only way they can do that is to invest it or spend it to try to make more of it in a risky environment. That creates growth and jobs. And that is the real reason the 1% are not being taxed harder right now: their spending creates more jobs than if the government takes it and spends it.

Lastly... like most of the Wall Street protesters, you have spent the majority of your life in the 1%... worldwide. If income inequality is a problem, you are part of it. Do you feel like you are raping and pillaging the hopes and dreams of billions of people? Well, why not?

10-17-2011, 09:58 AM	#8
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	I'm a broad skeptic, I tend to try to work out the problem with everything. Also I took Econ 101 and loved it and learned a great deal. There are no times when the pie gets bigger but the 1% keeps the entire increase. You can't find those times on the chart. Please look for them and point them out if you find them. This is the economic principle I pointed out earlier: in the good times, the rich get richer faster; in the bad times, the rich get poorer faster. Economic growth is a tide that lifts all boats, including both the big yacht and the little rowboat. I do not care what other people make, as long as there is sufficient dynamism in the system that the money can regularly turn over and the 1% can regularly turn over. If the 1% have a lot of it now, that's fine, as long as they continue to want more of it. The only way they can do that is to invest it or spend it to try to make more of it in a risky environment. That creates growth and jobs. And that is the real reason the 1% are not being taxed harder right now: their spending creates more jobs than if the government takes it and spends it. Lastly... like most of the Wall Street protesters, you have spent the majority of your life in the 1%... worldwide. If income inequality is a problem, you are part of it. Do you feel like you are raping and pillaging the hopes and dreams of billions of people? Well, why not?