'Murica! (182 Viewers)

AFL_ITALIA

MAGISTERIAL
Jun 17, 2011
31,806
See, that's bullshit in my opinion. If you have a public good, why should you then exclude certain people from it based upon income level? If you pay into a system, you should receive the benefits of it as well.
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,146
See, that's bull$#@! in my opinion. If you have a public good, why should you then exclude certain people from it based upon income level? If you pay into a system, you should receive the benefits of it as well.
Probably because they have to exclude a lot of people to keep it solvent. Which automatically makes it a ponzi scheme.

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How can anybody say Hillary won the debate? She didn't say anything whatsoever.

To me, Sanders and Webb easily won the debate... even though the former didn't say how he would pay for anything. Typical Democrat garbage.
 

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,343
Bernie Sanders is simply a stuttering socialist crackpot. He talks about the 1% owning all the wealth, but never talks about the real reason why. He must think they stole everything on their lonesome. To me, the guy seems even less fit than Hillary to run the country, and that is saying something.

Terrible and worthless debate thus far. And what's this BS about family time off now?

Your opinion is equally worthless. You think each and every one of those people made their own fortune. The vast majority did not. The truth is somewhere in the middle.
 

Ocelot

Midnight Marauder
Jul 13, 2013
18,943
Your opinion is equally worthless. You think each and every one of those people made their own fortune. The vast majority did not. The truth is somewhere in the middle.
...and far more important than the question of whether they morally deserve their wealth, which is essentially subjective, is the question of what measures & degree of equality/inequality brings the most benefits to society.

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the 1% again... talk about a broken record


All of that only applies to the top 1% of income. The top 1% of wealth is a completely different story, that's why taxes on wealth & capital gains are far more important than taxes on income generated through work.

And even on the topic of the highest income earners, his main argument is that a portion of those people don't stay there permanently, that doesn't make the rest a non-issue, as much as he doesn't even address the huge spike in inequality over th past few decades.

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I mean not that anyone should base their decision off such surveys, but
Sanders 98%
Clinton 92%
...
Carson 1% :lol:

Highest Republican for me is rather unsurprisingly Paul btw, 41% (due to "foreign policy & science issues").
 

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,343
...and far more important than the question of whether they morally deserve their wealth, which is essentially subjective, is the question of what measures & degree of equality/inequality brings the most benefits to society.
Well yes and no. Imo you always need to make sure that people are effectively able to make their own fortune. If you take that away completely just for society's benefits, what's the point in making an effort at all?

You need to strike a balance. For example I'm in favour of a basic income for all, but you should allow people to make substantially more money when they get a job. The current system in Belgium does the opposite for low income employees. A lot of the times you end up being worse off for having worked at all.

But I suppose that debate is not about the 1% anymore, rather than the 20-30% of people who do work, but earn just enough to make a living. We've been making these people miserable for the last 20 years. And not just in Belgium.
 

Ocelot

Midnight Marauder
Jul 13, 2013
18,943
Something I noticed about virtually all US debates the past few years is that the candidate declared victor by the media is completely arbitrary. I mean usually every viewer virtually all the time rates the candidate the best they favoured beforehands anyways. Case in point, this thread during every debate. So, the only somewhat objective measure would not be able to stem from any journalist, but would be polls - for last night's debate, Sanders won all of them (that I've seen and found through google). Yet, CNN and most media outlets proclaim Clinton as the winner, and that judgement gets spread troughout all channels and also forms or in this case, manipulates public opinion. It's a completely broken system.

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Well yes and no. Imo you always need to make sure that people are effectively able to make their own fortune. If you take that away completely just for society's benefits, what's the point in making an effort at all?

You need to strike a balance. For example I'm in favour of a basic income for all, but you should allow people to make substantially more money when they get a job. The current system in Belgium does the opposite for low income employees. A lot of the times you end up being worse off for having worked at all.

But I suppose that debate is not about the 1% anymore, rather than the 20-30% of people who do work, but earn just enough to make a living. We've been making these people miserable for the last 20 years. And not just in Belgium.
Of course, if there's no point in making an effort anymore, the system does not work to society's benefit either. Interestingly enough of course, the situation you described holds true for a ton of working poor right now, and if you haven't inherited anything, chances are slim as fuck that you'll be able to get anywhere near the top 1% as capital returns > income through work.

Concerning your last paragraph, of course, but this isue is unseperably connected with the unproportional wealth of the richest. I mean a very good indicator in this respect is the share of labour income in the total income of an economy. Since the 1980es, this has dropped substantially everywhere in Europe and the US, and gone to the share of capital gains & profits. And since capital and as a result the associated income is, and has always been, extremely concentrated in a small segment of society, this naturally leads to a dangerous rise ininequaliy, and a growing share of working poor.
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,146
Your opinion is equally worthless. You think each and every one of those people made their own fortune. The vast majority did not. The truth is somewhere in the middle.
Once again, you miss the point. Of course some of them have been involved with criminal activity, including those involved with Wall Street, whom I have been very critical of for a long time.

Please stick with topics other than finance and economics. You simply have no clue what you're talking about.

Something I noticed about virtually all US debates the past few years is that the candidate declared victor by the media is completely arbitrary. I mean usually every viewer virtually all the time rates the candidate the best they favoured beforehands anyways. Case in point, this thread during every debate. So, the only somewhat objective measure would not be able to stem from any journalist, but would be polls - for last night's debate, Sanders won all of them (that I've seen and found through google). Yet, CNN and most media outlets proclaim Clinton as the winner, and that judgement gets spread troughout all channels and also forms or in this case, manipulates public opinion. It's a completely broken system.
Yes, which is silly. But I'm no fan of Sanders and I can say that he won last night.
 

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,343
Once again, you miss the point. Of course some of them have been involved with criminal activity, including those involved with Wall Street, whom I have been very critical of for a long time.

Please stick with topics other than finance and economics. You simply have no clue what you're talking about.



Yes, which is silly. But I'm no fan of Sanders and I can say that he won last night.
Lol. You know nothing about these things, Andy. And certainly a whole lot less than I do. You speak with the arrogance of someone who got an easy college degree and now thinks he knows what the world is all about.
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,146
Lol. You know nothing about these things, Andy. And certainly a whole lot less than I do. You speak with the arrogance of someone who got an easy college degree and now thinks he knows what the world is all about.
I actually work in the field, you don't. You'll probably be one of those lifetime students, which is why you're for all the free handouts and the like.
 

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,343
I actually work in the field, you don't. You'll probably be one of those lifetime students, which is why you're for all the free handouts and the like.
You :lol:

I'm a lawyer. I have been a lawyer for three years now. We do financial, insurance and criminal law. But tell me, what do you do?

:lol: :lol:

Man, fucking free-riders.
I am far from a free-rider.
 

IliveForJuve

Burn this club
Jan 17, 2011
18,931
You :lol:

I'm a lawyer. I have been a lawyer for three years now. We do financial, insurance and criminal law. But tell me, what do you do?



I am far from a free-rider.
Not saying you are but it was a funny post by Andy.

And yeah, lawyers work with these kind of things so it's foolish to assume they know nothing. One day a lawyer will save Andy's ass from the DOJ and SEC when he violates an FCPA provision.
 

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,343
Not saying you are but it was a funny post by Andy.

And yeah, lawyers work with these kind of things so it's foolish to assume they know nothing. One day a lawyer will save Andy's ass from the DOJ and SEC when he violates an FCPA provision.

It would have been funny if I actually had been a student, but I'm not.
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,146
Not saying you are but it was a funny post by Andy.

And yeah, lawyers work with these kind of things so it's foolish to assume they know nothing. One day a lawyer will save Andy's ass from the DOJ and SEC when he violates an FCPA provision.
Some lawyers do. It was funny how Seven went from saying economics is easy a few pages ago to saying it's too complicated.

And as for the rest...

 

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