This is disturbing. http://news.yahoo.com/blogs/sidesho...aved-uber-rich-york-family-six-201707220.html Modern slavery, y'all!
Slavery is not a part of a free market, you silly goose. OT: $1000/mo is killing it for domestic workers in the Middle East. The average in Dubai is around $450/mo. It's one of the reasons why I gave up on domestic help while I was there. I had no interest in being part of that game (plus our nanny was harboring other nannies with less than stellar employers, an act that could have gotten us deported).
http://elsa.berkeley.edu/~saez/saez-UStopincomes-2010.pdf In all sincerity, for those of you who are conservatives or libertarians, how do you respond to this as a policy problem?
If the top 1% are getting nearly all of the increase in income, do you think that's a problem? If so, what is your solution to the problem?
The problem is that the 1% don't have enough income. http://www.bloomberg.com/news/2012-...rawal-means-trading-aspen-for-cheap-chex.html
The real policy problem isn't that the top 1% are getting all the growth, it is that the overall recovery is so small. We should be focused on growing the pie, not about how to divide the crumbs.
Yeah, because clearly, if the rich make even more money it will sure start trickling down at some point of time when they create jobs, because it has worked to well in the past... wait!
That is too broad a proposition. I suppose we would have to break it down into the different factors that may contribute to why the top one percent is getting such a large share of the increase in the income. Then we can look at each factor individually, and if a particular factor is deemed to be not merely benefiting the rich but also undermining others in the process, then we can proceed to analyze whether or not some sort of action is both possible and beneficial in economic terms to mitigate that factor.
And how does making the rich contribute more to society impede on the overall growth of the pie? Taking X amounts of dollars away from one person isn't going to make a difference on wether a foreigner chooses to invest in the US, nor does it make any difference on wether or not it's more profitable to produce a good overseas rather than in the states. In fact, I'd wager that a person who has 10.000.000 is more likely to spend his money in a way in which a higher proportion of that money goes overseas, as opposed to the proportion of money that would go overseas if 100.000 people each had 100 USD to spend.
never read about this till today.. http://www.cbsnews.com/8301-504083_...an-stanley-executive-charged-with-hate-crime/ http://www.nypost.com/p/news/nation...5Vf2VQKzM?utm_medium=rss&utm_content=National
I disagree. According to a random blog post, In Japan, a CEO make 11x the average worker salary. Germany is 12x, France is 15x, and Italy and Canada its 20x. In the US, its 475 to 1. In short, I demand we begin outsourcing our CEO jobs. You think the CEO from Sony should make so much less than, say, an American electronics company? Oh wait, there aren't any American electronics companies? Because our highly-paid CEOs suck ass, that's why. http://creativeconflictwisdom.wordp...tion-of-ceo-pay-to-average-worker-by-country/
Why is this surprising? Of course a bank is going to try to work out a $1 million mortgage longer than a $250K one! Given the scope of the losses they're far more likely to try and reach some kind of accommodation. If your friend owed you $20, would you constantly ask him for it? Now how about $1000? I'm guessing you'd be pretty persistent on the latter. Same thing. Yes, because a rich person did something bad, we now know all rich people are bad! When are you going to start a thread about all black people smoking crack because you've recently visited the projects? That article was pretty silly, yeah. Why you'd say any of that to a reporter (even if you think it) is beyond me. I'm pretty sure Cargill doesn't make any electronics.
Goldman-Sachs gets punched in the nose......ouch http://www.nytimes.com/2012/03/14/o...ldman-sachs.html?pagewanted=1&_r=2&sq=Goldman Sachs Group Inc&st=Search&scp=1
Some rich people are bad. Then again some rich people are not bad. Some poor people are good. Some poor people are bad. Some middle class people are good. Some middle class people are bad. But Presidents all seem to be bad.
http://www.thedailymash.co.uk/index.php?option=com_content&task=view&id=5007&Itemid=81 Why I am leaving the Empire, by Darth Vader