Edited by slupert, 01 January 2014 - 07:12 PM.
Robert Reich
#1
Posted 01 January 2014 - 07:12 PM
#2
Posted 01 January 2014 - 07:27 PM
Robert Reich
The stock market closed out a record year at an all-time high yesterday, giving stockholders in 2013 their biggest annual gains in almost two decades. But the real news here, that went completely unreported, is that the 2013 bull market widened inequality because (1) the richest 1 percent of Americans own 35 percent of the value of all shares of stock, and the richest 10 percent own over 80 percent, (2) the corporate profits on which these gains were based came largely from keeping the wages of ordinary workers low, (3) the capital gains and dividends these gains generated are taxed at a lower rate than most of the income of the middle class, and (4) the biggest winners are the top executives and Wall Street traders whose year-end bonuses are tied to the stock market, and the hedge-fund and private-equity managers whose “carried interest” loophole allows them to cash in big-time. When will we stop measuring the health of the economy by the Dow Jones Industrial average
"WE" don't measure the health of the economy by the Dow Jones Industrial average. That's what GDP is for.
#3
Posted 01 January 2014 - 08:51 PM
Get used to that word.
It's just another tactic by your friendly "Community Organizers" that brought you the "Occupy" Movement.
Bay Area Protestors Block And Vandalize Tech Buses, Photos From Friday’s Attack On Google And Apple
They didn't get very far trying to blame Wall Street and the Bankers -
So now they are turning their attention to those "evil" Silicon Valley employees who work countless hours trying to make something out of their lives.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
Posted 01 January 2014 - 09:24 PM
Robert Reich
The stock market closed out a record year at an all-time high yesterday, giving stockholders in 2013 their biggest annual gains in almost two decades. But the real news here, that went completely unreported, is that the 2013 bull market widened inequality because (1) the richest 1 percent of Americans own 35 percent of the value of all shares of stock, and the richest 10 percent own over 80 percent, (2) the corporate profits on which these gains were based came largely from keeping the wages of ordinary workers low, (3) the capital gains and dividends these gains generated are taxed at a lower rate than most of the income of the middle class, and (4) the biggest winners are the top executives and Wall Street traders whose year-end bonuses are tied to the stock market, and the hedge-fund and private-equity managers whose “carried interest” loophole allows them to cash in big-time. When will we stop measuring the health of the economy by the Dow Jones Industrial average
"WE" don't measure the health of the economy by the Dow Jones Industrial average. That's what GDP is for.
#5
Posted 01 January 2014 - 09:45 PM
#6
Posted 01 January 2014 - 10:03 PM
"It's just another tactic by your friendly "Community Organizers" that brought you the "Occupy" Movement."
So not true. Income differences have widened, and it's very easy to prove. I wonder which claim that Reich makes, that you would debate with facts that show otherwise?
So what's not true, you don't believe there are "community organizers" behind this?
I live in the Bay Area, I have seen it with my own eyes, up close.
There are well-dressed people with clipboards leading the homeless people they recruited to camp out in the public park.
These protests are not ad hoc, they are very well organized and orchestrated.
You totally miss the point, is it fair to blame employees in Silicon Valley for income inequality?
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#7
Posted 01 January 2014 - 10:58 PM
The truth is so distasteful people are unable to focus on it at all, so life is largely explained with a thick foundation of euphemisms. The U.S. has never actually functioned as a Republic. It is only defined as one. People are totally comfortable with the euphemistic definition so it doesn’t get questioned.
Every bill that congress passes serves the purpose of rigging one market or another. All bills are written by lobbyists. There are no exceptions. Who is constantly at the trough in Washington begging for legislation? I don’t know what community organizers hope to accomplish. The poor in this country are kept comfortable. If they weren’t they would riot. The working poor have had their productivity bonus stolen by expansionary monetary policy but they are too stupid to know where their misery is coming from.
At every point along history’s 50,000 year timeline all government have served as ways for the elite in society to extract income and resources out of the rank and file. Ordinary citizens trade freedom for comfort. The U.S. government has worked in this capacity from day one. As distasteful as it is, government operates like an organized crime family and people with political power use it to rob everyone else.
"It's just another tactic by your friendly "Community Organizers" that brought you the "Occupy" Movement."
So not true. Income differences have widened, and it's very easy to prove. I wonder which claim that Reich makes, that you would debate with facts that show otherwise?
So what's not true, you don't believe there are "community organizers" behind this?
I live in the Bay Area, I have seen it with my own eyes, up close.
There are well-dressed people with clipboards leading the homeless people they recruited to camp out in the public park.
These protests are not ad hoc, they are very well organized and orchestrated.
You totally miss the point, is it fair to blame employees in Silicon Valley for income inequality?
#8
Posted 01 January 2014 - 11:36 PM
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#9
Posted 01 January 2014 - 11:47 PM
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#10
Posted 01 January 2014 - 11:56 PM
"It's just another tactic by your friendly "Community Organizers" that brought you the "Occupy" Movement."
So not true. Income differences have widened, and it's very easy to prove. I wonder which claim that Reich makes, that you would debate with facts that show otherwise?
Even if we taxed the billionaires 50 percent, it would only go so far...
The real money is in the middle class as seen by most health care premiums going up (tax)...
My tax was 2500 extra...
This is partly why the middle class is shrinking IMHO...
My barber came from Hungary about 50 years ago..
He tells me socialism means everyone is equally poor and then you have the wealthy...
I am not sure if the guy has a high school education, but has seen it first hand, he says we are going this way...
He is old and wise and I wouldn't bet against him...
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."