Income disparity makes people unhappy
June 13, 2011 in Psychology & Psychiatry
Many economists and sociologists have warned of the social dangers of a wide gap between the richest and everyone else. Now, a new study, which will be published in an upcoming issue of Psychological Science, a journal of the Association for Psychological Science, adds a psychological reason to narrow the disparity it makes people unhappy.
Over the last 40 years, "we've seen that people seem to be happier when there is more equality," says University of Virginia psychologist Shigehiro Oishi, who conducted the study with Virginia colleague Selin Kesebir and Ed Diener of the University of Illinois. "Income disparity has grown a lot in the U.S., especially since the 1980s. With that, we've seen a marked drop in life satisfaction and happiness." The findings hold true for about 60 percent of Americanspeople in the lower and moderate income brackets.
But why? To find out, the researchers looked at a portion of the data gathered by the General Social Survey from 1972 to 2008, a poll of 1,500 to 2,000 people randomly selected from the U.S. population every other year (it used to be every year). In all, the study sample included more than 48,000 respondents over 37 years.
The psychologists examined the relationships among the answers to one question rating happiness on a three-point scale and two indicating the respondents' sense of how fair and trustworthy their fellow Americans were. These answers were analyzed alongside the individual's income and a globally recognized instrument measuring national income equality in each survey year.
The conclusions: That grim mood cannot be attributed to thinner pocketbooks during periods of greater inequalitythough those pocketbooks were thinner. Rather, the gap between people's own fortunes and those of people who are better off is correlated with feelings that other people are less fair and less trustworthy, and this results in a diminished sense of well-being in general.
Interestingly, the psychologists found, the inequality blues did not afflict Americans at the top.. For instance, for the richest 20 percent, income disparity or its absence did not affect their feelings about fairness and trustor their happinessone way or the other.
Before this analysis, says Oishi, most studies measuring life satisfaction and income disparity have looked at the differences between nations or states. The results have been mixed; some studies found equal nations and states are happier than unequal ones, while other studies did not find any relation. "People were puzzled." "In addition, it was hard to interpret the previous findings as Brazil is different from Sweden, and Mississippi is different from Minnesota not only in income inequality but in many other factors" he notes.
But this study eliminates the variables of geographic and cultural difference by looking at the same nation over a long period of time. For the first time, psychologists can see a link between a major socio-economic factor and the quality of people's individual lives.
The researchers caution that they show only correlations and not causation; and that other dynamics may be been at play in the respondents' changing well-being.
Still, says Oishi, "the implications are clear: If we care about the happiness of most people, we need to do something about income inequality." One way to accomplish that end, he says, is with more progressive taxation.
Provided by
Association for Psychological Science
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Jun 13, 2011
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Jun 13, 2011
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This suggests some believe those that are better off did not earn their wealth. Today, in many cases this is understandable with the corruption of the govt. How do the politically connected get appointed to Freddie or Fannie to earn a few million, like Rahm? Or the regulators that do a few years time and then are hired to lobby? Or politicians that write books for a few million?
Most respect those who work hard in the private sector creating wealth and job opportunities by selling products and services people want to buy.
Jun 13, 2011
Rank: 2.3 / 5 (12)
Rather than satisfy the anger of those that perceve themselves as not successful enough (by their own judgement) by bringing down the rich, why not, instead, try to open mors to make it easier for people to achieve their goals.
Also, stop ranting against our peers that have achieved success and fanning the flames of mispdirected anger.
Jun 13, 2011
Rank: 4 / 5 (12)
obviously your single case of personal anecdotal evidence clearly refutes 48,000 surveyed people over 37 years. I'm sure a letter of retraction and apology for insulting your sensibilities is in the mail.
Jun 13, 2011
Rank: 3.4 / 5 (5)
Left to their own own devices human societies naturally stratify income-wise because of differences in ability, motivation and opportunity. Unless actions are taken to mitigate this tendency a caste-like society is inevitable.
Fairness aside, who wants that?
Jun 13, 2011
Rank: 1.9 / 5 (9)
If $1,000,000 was 'redistributed to Mother Teresa, would she still be poor? I suspect she would have donated it all. Nemo forgot 'desire'.
When people have the opportunity and desire they can choose for themselves their level of 'richness'.
Socialism kills desire be removing opportunities and confiscation.
Jun 13, 2011
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Jun 13, 2011
Rank: 4.3 / 5 (6)
CSharpner You basic called everyone who isnt rich lazy or stupid. This is not about becoming super rich with hoe at your side and a bulge in your pants its about being able to feed your family.
Jun 13, 2011
Rank: 1.4 / 5 (11)
This is just another advertisement for a socialist society.
Happiness is not about money and things. Happiness is mostly a choice and is built upon may things which have nothing to do with wealth.
The authors are apparently so envious of others that they cannot be happy. Few of us are so narcissistic.
Jun 13, 2011
Rank: 1 / 5 (3)
I have no idea how you got that from what I said, because I certainly do not believe that non-rich are lazy or stupid, considering I, myself, am not rich, nor am I lazy or stupid.
At least you got that part of what I was saying right (unless, you think you're preaching it me, in which case, I need to inform you that you're preaching to the choir).
I thought I was pretty clear in what I said, but let me see if I can rephrase it to clarify my point:
- People who have animosity toward their peers that have more cash have a poor value system.
- People shouldn't judge their own happiness based on how they perceive OTHERS to be "more successful".
(continued...)
Jun 13, 2011
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Jun 13, 2011
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- I live by what I say in the 2 bullets above because when I see my peers becoming successful (successful by my perception), it encourages me to try to be more successful... It doesn't make me mad.
- A more positive alternative to the authors recommendation of taxing the "rich" even more, would be to open more doors and remove more roadblocks for those "less successful", so that they have a better chance of achieving what they perceive as "success". (Turn more "poor" people into "richer" people as opposed to turning more "rich" people into "poorer" people).
I think these are reasonable statements, don't you? Help me understand, if not.
Jun 13, 2011
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Who was this statement directed to?
Jun 13, 2011
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Jun 13, 2011
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Jun 13, 2011
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Jun 13, 2011
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Who but the govt can grant 'special treatment'?
Jun 13, 2011
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Jun 13, 2011
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How can 'the rich' suppress the poor without the use of govt power?
Most in the USA became wealthy by helping others become 'rich' in what they wanted.
Jun 13, 2011
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Jun 13, 2011
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B.S. If transferring money through taxation and redistribution could actually make the poor richer, the "war on poverty" would have been won years ago.
Government never creates wealth for anyone. The wealthy create more jobs and wealth through investment of their wealth. Taxing it away from them just makes everyone poorer.
Jun 13, 2011
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Jun 13, 2011
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My statement was directed at this view point. "Income disparity has grown a lot in the U.S., especially since the 1980s. With that, we've seen a marked drop in life satisfaction and happiness." You are talking about a neighbor making more than you. That is not what this article is addressing this about sever inequality. This is a copy and paste from wikipedia Just about every socio-economic indicator shows that the distribution of income in the United States is becoming increasingly unequal. In 2010, the top 20% of Americans earned 49.4% of the nations income. People are not achieving more nor are more people earning more unless you all ready had wealth. Scratch at the door as much as you want no one Is going to let you in.
Jun 13, 2011
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Jun 13, 2011
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Please elaborate the only way I know how to do this is through inflation.
Jun 14, 2011
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Who's under the impression that openning doors requires more money? There's a plethora of ways to open doors without spending money. School vouchers to increase families choices for their children's education. Remove the "I can never be fired" protection from teachers so it's possible to get rid of bad teachers. Make teachers have to compete, just like anyone else. The students win, gaining better educations, openning doors, and reducing costs without having to fund bad teachers and creating more tax payers by better educated grads.
Remove a lot of the red tape for starting and running small businesses. Remove some of the overburdening regulations on big businesses to let them be more nimble.
The list goes on and on.
I hope your viewing this as a positive response to your comment and not antagonistic, because it's not meant to be antagonistic. I'm assuming your question was a genuine one so I've provided a genuine answer.
Jun 14, 2011
Rank: 2.3 / 5 (3)
I'm talking about ANYONE making more than me, including the Trumps. Gates', Soros', etc... It does not bother me, in the slightest that they make more than me. I'm inspired by the fact that it is possible. I honestly cannot relate to someone looking at say, The Donald, and getting angry, based solely on difference between Trump's money and their own. There's so much more to life than money and basing one's happiness on how much I make compared to ANYONE else is the epitomy of shallowness and envy.
Again, the authors wrongly suggest the solution is to knock down the objects of their anger. I recommend a more positive solution to help prop up those that believe they need more.
Even if you disagree with me if that's possible (I really hope you don't disagree), I'm sure we could agree, in principle, that if it's possible to bring the poor up, without bringing anyone down, we'd all prefer that?
Jun 14, 2011
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Jun 14, 2011
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The rich have no intention of diminishing their fortunes but they want to accumulate even more wealth ; dictators and kings do just that : own an entire country.
Jun 14, 2011
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Jun 14, 2011
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Jun 14, 2011
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Can you please retype this with all your grammatical errors and spelling errors corrected? I want to make sure I'm reading your response correctly before I reply.
BTW, to use the quoting feature, you can click the "quote" link under the post or put the letter Q in square brackets at the start and /q in square brackets at the end. That will help prevent your reply from being merged into what you're quoting.
Thanks
Jun 14, 2011
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Jun 14, 2011
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There may be plenty of ways to open doors without spending money (and I would like the full list of them), but where would we be without grants and financial aid. CSharpner, you said we could open more doors by firing bad teachers; but the public school system needs more money just to keep its schools open, to keep class sizes down and to provide optimum nutrition for its students' brains.
Jun 14, 2011
Rank: 2.3 / 5 (12)
Please explain how vouchers don't cost money. I find this laughable that you could have misunderstood the concept so badly, so I'm going to assume you didn't mean that.
Also, please explain how you would prevent vouchers from disproportionally helping the rich over the poor.
Jun 14, 2011
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Jun 14, 2011
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Jun 14, 2011
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There's no need to be uncivil. Until that post, I was under the impression we were having a freindly discussion. If my request for clarity offended you, I apologize. I assure you that was not the intent. If this is going to be an angry back and forth with tit for tat, then I won't participate as that is a fruitlesss excorsize. If, on the otherhand, you'd like to discuss this civilly, I'm happy to oblige as I believe we can all benefit. Can I count on you for a civil discourse?
Jun 14, 2011
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Jun 14, 2011
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They don't cost any MORE money than is currently spent on k-12. Sweden uses vouchers.
Parents and students then decide how and where to spend that money. Schools must then compete for students and teachers and administrators would be held to account by how many students they attracted not how many politicians the union buys. Of course this takes power from the unions and politicians puts it in the hands of parents and students.
Instead of being taught that 'society' is holding them down, the voucher schools may teach and promote the thousands of opportunities available in the USA to create wealth.
Jun 14, 2011
Rank: 3 / 5 (2)
The Alternative Minimum Tax was originally designed as a way of making sure that wealthy taxpayers could not take advantage of "too many" tax incentives and reduce their tax obligation by too much. It is a parallel system of calculating a taxpayer's tax liability that eliminates many deductions. However the applicable AMT rates were not adjusted to match the lowered rates of the 2001 and 2003 acts, causing many more people to face higher taxes. This reduced the benefit of the two acts for many upper-middle income earners, particularly those with deductions for state and local income taxes, dependents, and property taxes.
There is much more wrong with the bush era tax cuts than this. In order to cure the symptoms you need to treat the ailment which is the bush tax cuts. If we slash government spending it will have only treated the symptoms and the economic crises plus inequality will be prolonged.
Jun 14, 2011
Rank: 3.7 / 5 (3)
Though I've not been discussing the Bush tax cuts, thanks for sharing your opinion on it anyway, I guess.
I still need to know, if it were possible, in principle, to help the poor without taking even more from others, would be desirable for you?
The following is not diected specifically toward you:
I'm kind of shocked, that just by asking that question above, as well as asking for civil discourse, that people actually downvoted it.
Jun 14, 2011
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Jun 14, 2011
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The first is win-win, the man wins as he can take care of himself, and others. The second is lose-lose as the state must catch or take more fish and the man can't care for himself or others.
There are many who like keeping other people dependent as they believe this makes them more powerful.
Jun 14, 2011
Rank: 5 / 5 (3)
Jun 14, 2011
Rank: 3.7 / 5 (3)
I think that's where our disconnect is. I'm not talking about giving cash to the poor. I'm talking about changing the playing field to make it more fair and easier for them to achieve their goals. Many things in this regard have already been done like the Americans with disabilities act, non-discrimination laws, non discrimination company policies. The plethora of ideas is nowhere near exhausted.
Would you agree, in principle, that if it were possible, in principle to help the poor achieve without taking even more from others, that it would be preferable? Your answer to this is important to my discussion going forward. Just a reminder, this is my 3rd time asking.
Thanks
Jun 14, 2011
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Jun 14, 2011
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Jun 14, 2011
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This is why it is so hard for a small businesses to start up the current tax code suppresses the ability of someone with a good idea to turn it in to a reality.
Jun 14, 2011
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Gas prices are high because the dollar is weak. The value of the dollar is controlled by the Federal Reserve, aka the Regulatory State.
Jun 14, 2011
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But remember this. Obama your hero wanted $5.00 gal gas. In 2009 the average price of gas was $2.40 today it is around $3.90 just a dollar short of Obama's goal, but he still has a year and a bit more to achieve his goal before he is voted out.
Jun 14, 2011
Rank: 3 / 5 (2)
Let me make sure I understand what you're saying: in spite of the fact that you believe it's not possible, even if it turned out that it WERE possible to help the poor without taking even more from others, you'd STILL be against doing that? You'd still prefer to take more from others, even if the same goal to help the poor could be achieved without taking more from others?
I find that difficult to believe, which is why I'm asking for clarification. Maybe I read your response wrong.
But yes, I've already addressed what you said I didn't. You just disagree with me that those things help the poor without raising taxes on others. But, I've not been focusing on responding to that yet, because, as I've said, my path forward depends on your reponse to the question. I do acknowledge that you answered it above, but as explained, I believe I may have misinterpreted your response.
Thanks
Jun 14, 2011
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Jun 14, 2011
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Jun 14, 2011
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Jun 14, 2011
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Dude, honestly, I'm not your enemy. Saying things like "you don't live in reality" accomplishes nothing. I'm trying as hard as I can to be polite while responding, but you're going out of your way to be rude to me. I'd like to have a mature and civil discussion with you. If that's not what you're interested in, just say so and we'll end this. I'm not interested in an antogonistic argument.
So, I'm perplexed now. You willfully admit that if you could help the poor without taking more from others, you still wouldn't do it. I just can't comprehend that. The only explanation I can think of is that you're angry with the so called rich and you just want to punish them. Please tell me I'm wrong
Jun 14, 2011
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Jun 14, 2011
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Jun 14, 2011
Rank: 2.3 / 5 (3)
Well, I guess you've indirectly answered my question of do you want a civil discourse. You answer is clearly "no".
My simple statement of "hey, rather than take even more from people, why not make a more fair playing field?" Got branched out to more threads than I have had a chance to respond to today. I DO work for a living, and I've got 3 emergency code changes with thousands of people depending on my work. Sorry if I put a higher priority on that than spending so much time trying cover all the braches here.
Also, the only thing I'm honestly interested in in this thread is to state that I disagree with the authors conclusion that piling more taxes on the rich is what's needed to make poor people more rich. I am convinced, as are many others, that the best way to help the poor is to help them help themselves rather than hand out
Jun 14, 2011
Rank: 2.6 / 5 (5)
The World Bank has data showing entitlements (redistribution of wealth) do not promote prosperity:
http://www-wds.wo...5660.pdf
Jun 14, 2011
Rank: 2.6 / 5 (5)
Jun 14, 2011
Rank: 3 / 5 (2)
But, again, I just don't have the time, nor the interest in a pointless tit for tat with stangers on the internet who want nothing but to fight.
So, you'll have to do with what I have time to write, and honestly, you need to be able to agree to disagree. It's not possible to argue, endlessly, everytime we find a difference. You've not done anything to convince me that you're right. And, you know what? I'm OK with that. And you should be too. It's unhealthy otherwise.
Jun 14, 2011
Rank: 3 / 5 (2)
I don't know what your problem is, nor can I comprehend how one human being can intentionally be so hateful to another who's been walking on egg shells and being as polite as possible. I've not been talking about any details at all about tax law, so you have no idea what I do or don't know about it.
Your behavior is abysmol and I've reported you for directly and willfully violating physorg's posting guidelines. Read them in the "please read" link at the bottom of this page.
Calling stupid accomplishes nothing but make you look petty and hateful. I tried having a mature and respectful discussion with you and you refused. You are now, officially, trolling and I won't take your bait.
I'm done trying with you; but I will defend my honor should you continue to defame me and I will continue to report your hateful posts if there are any more.
Jun 14, 2011
Rank: 1.8 / 5 (4)
As far as income disparity goes, I've had a few ideas. Humanity exhibits a much broader distribution of intelligence and capability than most any other animal. Why is this? Because substandard individuals are normally selected out in the wild or by husbanders. And yet the modern world depends on this disparity among humans because of the great range of work which needs to be done.
What if everyone could get into harvard? Would anyone be content to drive a truck or work in a laundry? Our culture could not survive with true equality. The kibbutz failed because of this.
Cont-->
Jun 14, 2011
Rank: 3 / 5 (2)
Excellent point.
Jun 14, 2011
Rank: 1 / 5 (2)
And yet this is not done. As we entered this new age these vices were decriminalized and one could even say encouraged. And so the culture of disparity persists, chromosomes were damaged, countless intellects are truncated, bodies were stunted, the prisons were filled, and the ditches are dug. Castes which were once caused by overpop and the resultant deprivation, are now Designed.
Jun 14, 2011
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Jun 14, 2011
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We could have been doing much of this already except for the apparent NEED of disparity for society to function. History does not pertain to this; although I would say that inequality was obviously essential to the development of civilization. Certainly not favorable mind you, but castes were indispensable to reducing pop growth and getting work done.
And yes, so was slavery. Such has been the desperate and deplorable state of humanity up until the recent past. Conquest and enslavement were the only ways of avoiding being conquered and enslaved.
Jun 14, 2011
Rank: 4 / 5 (1)
Another way to give to the poor without taking from the rich is for the government to take what it already owns and give it to the poor; this practice could be made sustainable by the government using what it already owns to operate a business that generates wealth and aggregates money by selling that wealth and then giving some of that money to the poor (say in the form of food, housing, medical care and education) and invest the rest of it in scientific progress (this is assuming that things like roads, sanitation, etc. are already paid for by means outside this government-owned business) that it could capitalize on.
Jun 15, 2011
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However, if you wanted to have a similar system except demilitarized it would instantly be derided as socialist and probably garner you a few death threats.
Jun 15, 2011
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Jun 15, 2011
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In Yellowstone National Park visitors can be fined (or killed) for feeding the bears.
Stupid tourist give food to these animals making them dependent upon handouts. When the tourist runs out of food, the animal doesn't understand 'no mas' and demands more, possibly attacking the stupid tourists.
Charities give food to the poor but may also require the recipient to do something to earn that charity or at least show a sense of gratitude.
Welfare makes people dependent upon the state and we are seeing all over the world what happens when the govt tries to cut back on its largess, riots and teachers occupying state capital buildings.
Snipers are posted in areas where animals congregate in YNP just in case the animal attacks people stupid enough to give them food.
Jun 15, 2011
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Jun 15, 2011
Rank: 2.3 / 5 (3)
Other stores like Target, Ace Hardware, major grocery chains are still opening and doing business in the vicinity of Wal-Marts.
Jun 15, 2011
Rank: 5 / 5 (1)
There is nothing to prevent the citizens from participating in the evaluation of a government-owned business's structure. America would still be a democratic nation, perhaps even more than before if such a change lessened the rich's ability to manipulate our government to advance the expansion of their private fortunes - they do this by lobbying, dominating campaign contributions and putting their people on government boards.
Jun 15, 2011
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Jun 15, 2011
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The only time progressives say you cant trust the government is when conservatives are in power. Then government is evil.
Jun 15, 2011
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Compared to the motivations of bankers, Charles Mansion looks pure.
Jun 15, 2011
Rank: 3 / 5 (4)
Bears will try to protect their newfound source of food by running off the competition, just like greedy capitalists. I have seen squirrels doing this too. This is why there needs to be a govt which can make greedy capitalists understand 'no mas'.
Jun 15, 2011
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Jun 15, 2011
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Jun 15, 2011
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in 2000 --- $1.56, 2004 -- $1.92, 2005 -- $2.34, 2006 -- $2.63, 2008 --- $3.32, 2009 --- $2.40
If the US had started on a program of drilling and refinery building in 2005 gas prices wouldn't be anywhere close to what they are now. If Obama wants to bring down gas prices tomorrow he can. All he has to allow drilling and building of new refineries.
Jun 15, 2011
Rank: 1 / 5 (2)
Capitalists can't use violence.
Jun 15, 2011
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Jun 15, 2011
Rank: 5 / 5 (2)
freethinking Brak polly wanna cracker!
Jun 16, 2011
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Jun 16, 2011
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Capitalists do not have the legal authority to use force under a govt that monopolizes violence.
Like Freddie and Fannie and AMTRAK? How have they preformed for their customers?
Jun 16, 2011
Rank: 5 / 5 (2)
What nonsense.
Jun 16, 2011
Rank: 1.5 / 5 (8)
I'm assuming you are seriously confused, but given your posting history you're probably intentionally playing with definitions because you think it will help your cause.
When talking about "violence" in the sense that "government has a monopoly on 'violence,'" violence means the power to compel people to do things.
I know you are so fond of contracts. How exactly does the government enforce contracts without violence?
Jun 16, 2011
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Jun 16, 2011
Rank: 1 / 5 (2)
Frank, why would a capitalist want to commit violence? It is not cost effective unless he can buy cover from the govt. Then, the capitalists crosses over to socialism as he now is subjecting himself to state control.
Jun 16, 2011
Rank: 1 / 5 (2)
Capitalists wouldn't risk such violence UNLESS they knew they had the protection of some govt. In this case, the capitalist has relinquished control of his business to the state and he is no longer a capitalist. He is an agent of a socialist state.
The govt owns AMTRAK and can use force to prevent competition.
Privately owned businesses cannot use force to restrict their competitors, unless they bribe a govt agent as Sun did to prosecute Microsoft. I don't blame Sun, I blame the govt.
Jun 16, 2011
Rank: 5 / 5 (1)
That's a good question. Do we care about the happiness of most people? The US constitution gurantees the right to 'persue' happiness. It doesn't gurantee happiness, and it doesn't say that we need to do anything to keep other people happy. It just says that we have the right to make ourselves happy. I guess that leads to the question of whether making other people happy makes us happy too. Including hash brownies in Mc Donalds value meals might work better than a change in tax structure though. Just thinking outside the box here.
Jun 16, 2011
Rank: 1 / 5 (1)
http://thehill.co...percent-
Now I know where the shovel ready jobs went to.
Jun 16, 2011
Rank: not rated yet
Jun 16, 2011
Rank: 1 / 5 (1)
Obama is a president that take no responsiblity for anything.
Jun 16, 2011
Rank: 3 / 5 (2)
That is the example set by the baby boomers, "it's not my fault".
Jun 16, 2011
Rank: 3 / 5 (2)
Obama, the economy isn't my fault (it wasnt when unemployment was at 7%, but 2 1/2 years later at 9 % either he doesnt know how to fix the problem or he has made the problem worse, or both.) Remember last summer was the summer of recovery. So the question is, are you doing better than a year ago? How are those shovel ready (couldn't help that one :)) jobs doing? Where did all the money go? (Union bailouts/payoffs anyone!)
Jun 16, 2011
Rank: 1 / 5 (1)
That's what the boomers wanted, never grow up. Sex, drugs and rock and roll forever!
Jun 16, 2011
Rank: not rated yet
For themselves, but not for anyone else. No soup for you!
Jun 16, 2011
Rank: 1 / 5 (1)
And they want everyone else to pay for their retirement and medical care.
Jun 16, 2011
Rank: 5 / 5 (1)
Jun 16, 2011
Rank: 1 / 5 (1)
Yes, it is quite different.
Banks can't print money to pay back the CD. SS and Medicare are Ponzi schemes.
CDs and other commercial bonds are repaid with profits earned from investment, not from taxes that are confiscated.
Jun 16, 2011
Rank: 5 / 5 (1)
In the US in the mid-1970's the top 1% of Americans earned 8% of all income. In 2007 the top 1% earned more than 23% of all income. The collective income of the top 1% of Americans is more than the collective income of the bottom 50%. The US has the most unequal distribution of wealth in any major country in the world.
Why is it this way? Reagan era tax cuts for the wealthy (with Dubya's piled on top). Deregulation. Free Trade and the resulting arbitrage of labor.
We don't make things in America anymore because it is cheaper to make them elsewhere. Now we are increasingly becoming a service dominated economy, serving our own needs and not producing anything to bring wealth to our nation. Our government has been bankrupted by policies paid for by the moneyed interests and now they're trying to privatize everything to drink the last drop; leaving nothing.
So yeah, we're unhappier.
Jun 16, 2011
Rank: 5 / 5 (1)
You don't like taxes? Move to Somalia.
Jun 16, 2011
Rank: 1 / 5 (1)
'Progressives' love to use Somalia as an example of anarchy. Too bad it is such a bad example. Somalia demonstrates the failures of socialism and how individuals in traditional societies can govern themselves without an oppressive state.
"We find that Somalia's living standards have improved generally not just in absolute terms, but also relative to other African countries since the collapse of the Somali central government."http://mises.org/daily/2701
Jun 16, 2011
Rank: 1 / 5 (1)
Jun 16, 2011
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Jun 16, 2011
Rank: 1 / 5 (7)
Jun 16, 2011
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http://countrystu...a/24.htm
Doesn't sound too different from the Obama regime.
Jun 16, 2011
Rank: 1 / 5 (1)
http://mises.org/...the-City
Jun 16, 2011
Rank: 5 / 5 (1)
Marjon, my point with Somalia was that you could move there and not pay taxes. My understanding is that it isn't a very nice place to live (by American standards) unless you can afford to own and maintain a compound and a small army to protect it.
I'll stick to a country where Congress collects taxes. Article 1 Section 8 of the US Constitution:
"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States"
Back to the point I originally responded to. I believe that Social Security and Medicare qualify as programs that promote the general Welfare of the United States.
Anyway, the disparity in wealth is a huge factor in people's current unhappiness in the US. Especially since the bottom are struggling to keep roofs over their heads and food on the table.
Jun 16, 2011
Rank: 2.3 / 5 (3)
For it is true, violence is so much more effective when enacted by govt. Pinkertons were completely legal werent they?
It is Inevitable that competitors will resort to cheating. Humans learned this from a few million years of tribal warfare. Cheating could always win out over brute force on the battlefield; Sun Tsu only wrote down what had always been practiced.
We are the progeny of the most successful cheaters of history. You dont expect to see this in the business world?
Jun 16, 2011
Rank: 2.3 / 5 (3)
http://www.travel...lia.html
-It too is total chaos due to religionist wombs competing with one another. A 100 square kilometer area around Samalia has an approximate population of 6,193,0628 (0.619306 persons per square meter). We dont want that in the west.
Jun 16, 2011
Rank: 1 / 5 (1)
Interesting thing, non religious Europe has a population density of 134 people per square mile, which far exceeds Africas density of 65. If Samalia were all fundamentalist christians, or at least people who lived by strong moral ethics my guess is that no one would be starving and Somalia would become a rich country.
Jun 16, 2011
Rank: 1.4 / 5 (9)
No true christian, lol.
Jun 16, 2011
Rank: 2 / 5 (4)
Kind of like sudan.
http://www.lnsart...tory.htm
Xians make such good martyrs dont they?
Jun 16, 2011
Rank: 3 / 5 (2)
Maybe you should study what the authors meant when they wrote 'general welfare'.
Thanks to the democrats destruction of the economy, its not the bottom who are struggling to keep a roof over their heads. The 'bottom' are much better off as they are eligible for all sorts of welfare.
Obama must be proud of all the people on food stamps.
"over 44 million Americans on food stamps,"
http://www.mrc.or...737.aspx
Jun 16, 2011
Rank: 1 / 5 (1)
http://www.wusa9....500-Fine
If you just want to make a few bucks, forget it.
A serious question for otto (if you really live in germany)and any other europeans Do kids set up lemonade stands or is it prohibited?(I never remember seeing a lemonade stand while I lived in germany)
Jun 16, 2011
Rank: 3 / 5 (2)
Who will competitors cheat? If you are cheated by a business will you buy from them again?
I recently heard a radio advertising spot for a home improvement company that is promoting they do background checks on their employees and verify they are not illegal aliens.
You know billions of dollars of illegal drug deals are done. How many cheat their customers?
Jun 16, 2011
Rank: 2 / 5 (4)
Jun 16, 2011
Rank: 3 / 5 (2)
You mean the middle are struggling to continue to maintain lifestyles (including roofs) more expensive than the ones the bottom can get with welfare?
Jun 16, 2011
Rank: 3 / 5 (2)
FH, say you aren't SH. I can't believe I would have missed that, or is ft really notthinking?
Really? And you link an article that talks about Obama causing the economic collapse? You are seriously deluded. The fractures in the economy created by conservative policies and promoted by big moneyed interests are cataclysmic. The economy was already in the gutter and plunging deeper when Obama got in office. And Republicans have done everything they can to keep him from fixing it.
Jun 16, 2011
Rank: 5 / 5 (1)
Rant over. Deep breath. Wow, you really got me worked up.
Jun 16, 2011
Rank: 1 / 5 (6)
Also, I'm not SH.
Jun 16, 2011
Rank: 5 / 5 (1)
You don't seem to know what progressive means. Beyond that Hitler and Stalin were both ministry students. Doesn't speak well of your religion that they learned their tricks from those you trust, now does it?
Jun 16, 2011
Rank: 5 / 5 (1)
FH, thanks for the negative confirmation. SH is so anti-puppet that I would have been very surprised.
Jun 16, 2011
Rank: 3 / 5 (2)
What is Obama doing about it?
His administration is trying to stop Boeing from opening a factory in SC to build the new Dreamliner.
Obama won't allow drilling in the Gulf of Mexico and at the last minute rejected a coal mining permit in WV that had been previously approved.
EPA regulations are being implemented without examining their economic impact. They don't care.
Obama has been more worried about keeping SEIU members employed than those who have wealth creating jobs.
If Obama is so smart, then he is intentionally increasing the unemployment rate putting more people under control of his regime.
Or Obama is incompetent.
What do you 'progressives' want to believe?
Jun 16, 2011
Rank: 2.3 / 5 (3)
So don't be surprised when the SCOTUS decides you no longer have the freedom to post on blogs like these.
Jun 16, 2011
Rank: 3 / 5 (2)
In his conclusion, Professor Lucas is not overly optimistic about recovering lost output. He doesnt make any flamboyant claims, but he does note that European economies have larger government role and 20-30% lower income level than US."
http://www.cato-a...wth-gap/
So instead of a growing economy that increases the wealth of everyone, the socialist solution is to stunt economic growth making everyone more poor.
Jun 16, 2011
Rank: 1 / 5 (1)
"The distance and regulatory gauntlet that has to be run to transport that oil resource ... is daunting," Balash said. "
http://www.nytime...926.html
More regulations making people poor in the USA.
Jun 16, 2011
Rank: 3 / 5 (2)
"This is a symbolic as well as a real move. It is important to have entrepreneurs and to offer them finance from other entrepreneurs. This will have a real impact on the willingness to invest," Anders Borg, finance minister, told the Financial Times.
The wealth tax has been blamed for Sweden's low level of investment by individuals in start-up businesses, contributing to disappointing entrepreneurial activity in comparison with other European countries."
http://www.ft.com...621.html
Sweden is really making progress. They eliminated the wealth tax and have school vouchers.
Jun 17, 2011
Rank: 1 / 5 (8)
Jun 17, 2011
Rank: 3 / 5 (2)
Hmmm. Interesting. Haven't we had enough trickle down economics? Historically we have seen that more money is reinvested into the economy when tax rates on the rich are higher. Yeah, that's right. They would rather invest their money in their companies and grow than pay taxes. When tax rates are low its time to plunder and make your pile of wealth bigger. As we have seen over the past 30 years, especially the last decade.
Actually I do care. And so does the Supreme Court, and we seem to be on the same side. SS and Medicare make the US stronger. (And people happier, nod to article) more...
Jun 17, 2011
Rank: 5 / 5 (1)
No. That is false rhetorical nonsense and you know it. More accurately I can say that the conservatives agenda in the US has been to make the piles of the few bigger on the backs of the many. Look at the US over the past 30 years and tell me it isn't. And they still pursue the same broken policies.
Jun 17, 2011
Rank: 3 / 5 (4)
'Morality' is part of the tribal dynamic of internal altruism and external animosity. Tribes with the strongest expression of these traits would consistently prevail in competition with other tribes. It is wholly 'moral' to kill enemy tribesmen and impregnate their females, biologically speaking.
Religion is only a convenient way of extending this dynamic artificially over many tribes. EVERY religion exhibits these two traits. They are integral to, and inseparable from, the concept of religion.
THIS is your 'morality'. It needs to END.
Jun 17, 2011
Rank: 5 / 5 (1)
Hyperbole. Regulations protecting the environment can be detrimental to short term profit. There is need for reform in environmental regulation, but they can't be just wiped away so that somebody can line their pockets.
Jun 17, 2011
Rank: 5 / 5 (1)
Sweden is a small country (population) surrounded by the rest of Europe where their tax structure stood out. We won't have this problem unless we continue believing our unilateral free trade policies work. And what do school vouchers have to do with anything? (School vouchers will only work if public schools work. Fix them first or exacerbate the problem.)
Jun 17, 2011
Rank: 5 / 5 (1)
You are talking about getting more countrys to buy US bonds but since you are a conservative you probably dont want to raise the dept limit. So why bring up diversification of are dept?
Jun 17, 2011
Rank: 3 / 5 (4)
-This too is a wholly natural expression of the tribal dynamic. Greedy capitalists who are best at it enjoy enhanced opportunities for procreation and the continued success of their tribes ('la familia')
Why is it that you fail to acknowledge the role of extralegal shenanigans in business? Somebody get to you maybe? They holding your horse hostage or something?
Jun 17, 2011
Rank: 1 / 5 (1)
Taxing the rich will make everyone more poor. The rich left Sweden for more economically friendly places.
Bloomberg warned that raising NYC taxes will drive away more of those few who pay most of the cities taxes.
"The EPA is currently conducting a campaign against coal-fired power and one of its most destructive weapons is a pending regulation to limit mercury and other hazardous air pollutants like dioxins or acid gases that power plants emit. The 946-page rule mandates that utilities install "maximum achievable control technology" under the Clean Air Actand even by the EPA's lowball estimates, it is the most expensive ..."http://online.wsj...eLEFTTop
"AEP expects a net loss of approximately 600 power plant jobs with annual wages totaling approximately $40 million as a result of compliance with the proposed EPA rules."
http://www.aep.co...?id=1697
Jun 17, 2011
Rank: 1 / 5 (1)
Prove it. Data does not support this. What does 'unfair' mean? Has China unfairly cornered the market on rare earths? A mine in NV has reopened to mine rare earths. Sounds like a govt problem. Why buy off politicians if they can't use the Regulatory State to limit your competitors? Those companies are no longer in business so how much money did they make poisoning their customers?
All these examples require a govt to enable the violence.
Jun 17, 2011
Rank: 1 / 5 (1)
No, I am not talking about US bonds.
Swedes show signs of anti-socialism.
Jun 17, 2011
Rank: 1 / 5 (1)
Why?
Welfare:
": the state of doing well especially in respect to good fortune, happiness, well-being, or prosperity"
http://www.merria.../welfare
This is the definition the authors had in mind, for every individual.
Jun 17, 2011
Rank: 5 / 5 (2)
(1) You think that companies don't collude to raise prices. You are so very wrong it isn't even debatable. Risk of prosecution is the ONLY reason many companies don't collude.
(2) You think that companies don't try to corner the supply of valuable resources? Wrong again.
(3) Government problem? You are right. Corporations are NOT citizens and shouldn't be allowed to participate in politics. Citizen United needs to be fixed.
(4) You think poisoning is OK as long as the company loses customers after they cash in. Relying on market forces rather than preventive regulation would result in CHAOS with today's manufacturing and distribution capabilities. You are severely deluded if you think markets can function without regulation in the current global environment.
The rest: Without a government you think there would be less violence? You are just plain nuts.
Jun 17, 2011
Rank: 5 / 5 (1)
You are a quote mining troll. Address the arguments made against you rather than merely deflecting the retorts to your nonsensical biased statements. Every once in a while you have a decent point, but the majority of the time your corrosive dialogue hints at malintent.
Jun 17, 2011
Rank: 1 / 5 (1)
The key is 'every individual'.
Not every individual wants the govt to take his hard earned wealth and redistribute to those who don't want to work so hard.
Jun 17, 2011
Rank: 1 / 5 (1)
How long can this be maintained if there is real competition?
How would they cash in? They lose customers and will be destroyed by lawsuits. Not a good long term business strategy.
Depends upon the govt doesn't it? Ask the Cambodians who suffered under Pol Pot or the millions murdered by Stalin or Mao or those starving and dying in DPRK.
Jun 17, 2011
Rank: 2.3 / 5 (3)
http://en.wikiped...e_fixing
-Explore the links at the bottom for innumerable examples.-One example; 10 secs to find:
http://www.cultof...gy/79941
Uh so they will pass legislation which favors your company or product? Again, endless examples. Heres one:
http://en.wikiped..._scandal
They were caught. How many are never caught?Correct. One which is not configured to detect and prevent it.
Jun 17, 2011
Rank: 2.3 / 5 (3)
http://en.wikiped..._lock-in
-This is not fair but it is inevitable, natural, and if not made illegal, it WILL always happen. Your freemarket cannot ever survive without regulation or it will consume itself. Guaranteed.
Its like democracy. Both have the inherent instability of an F16. They need constant Management and Maintenance or they will crumple up in midflight. They only offer the Illusion of stability.
Jun 17, 2011
Rank: not rated yet
WTF Rygg? I had to give you 5 stars because that statement was basically awesome. What happened while I was gone?
Jun 17, 2011
Rank: not rated yet
Jun 17, 2011
Rank: 1 / 5 (1)
Of course free markets can't survive without regulation, but they can THRIVE without govt regulation.
Do you all intentionally misunderstand the concept of free markets to promote your socialism?
Free markets are regulated by the participants in the market.
Jun 17, 2011
Rank: 1 / 5 (1)
http://www.thefre...-fixing/
So govt price fixing fails how can non-govt price fixing succeed?
"it might be important to note that the record of many price-fixing cases prosecuted under our Sherman Antitrust Act has revealed a conspicuous lack of price-fixing success. With few exceptions, the prices have not been really fixed and have not been uniform for any substantial period of time; the evidence indicates that the agreements have broken down with almost monotonous regularity. Firms have been convicted for having a price-fixing agreement or "tampering with price structures" or agreeing to charge the same price, but rarely, if ever, for having accomplished successful price collusion."
http://www.thefre...llusion/
Jun 17, 2011
Rank: 1 / 5 (2)
The Canadian company that manufactured the dog responded to customer complaints, tested the product and pulled it from the market because they wanted to stay in business.
National Sanitation Foundation, a private company, is now in China testing products.
Jun 17, 2011
Rank: 5 / 5 (1)
The free market can thrive without regulation until it runs out of resources. It just isn't good at planning how to use finite resources. Sure it tries to make things cheap but not to make them last - you can't not buy something necessary because it isn't built to last, and it isn't in your financial interest to sell something that lasts if you can make more money by replacing it. Besides, look at all the useless junk in our world - the toys in Happy Meals are not only useless junk; they are detrimental to society, causing children to bug their parents into buying them unhealthy food. That is why the democratic government of San Francisco passed a law banning Happy Meals with toys.
Jun 17, 2011
Rank: 5 / 5 (1)
Poisoning people is violent; hydrocarbon extraction and use does this. Our democratic regulates the emissions of coal power plants so that people don't get hurt. The hydraulic fracturing method of extracting natural gas (commonly called 'fracking') requires toxic chemicals that often end up in the water supply, sometimes making livestock drop dead and tap water highly flammable and undrinkable - one home even exploded from it. In Dish, Texas people were having headaches and blacking out, the air stunk and a private environmental consultant found high levels of neurotoxins and carcinogens in the air with no explanation other than that the town is near 11 natural gas compression stations. Many governments have banned fracking, but capitalist corporations do continue the practice in many parts of the US.
Jun 17, 2011
Rank: 1 / 5 (2)
Prices regulate the allocation of resources in free markets.
Which is all enabled by the govt. The govt 'owns' the oil and gas. Companies bid on leases to extract those resources an pay royalties to the govt. In a society that protects private property rights, the govt would not own the oil or gas and anyone injured by pollution would be readily able to sue for damages.
With the blessings and protection of the US govt.
Jun 17, 2011
Rank: 5 / 5 (1)
Income disparity leads to unhappiness. Especially when the bottom is struggling to survive. The Republican policies of the past 30 years have exacerbated the income disparity. Now that it has happened, fixing it is a nightmare, but further deregulation and tax cuts aren't going to help make anybody happy except the top 1%.
Jun 17, 2011
Rank: 1 / 5 (2)
You are assuming then the govt IS corrupt. Why don't you attack a corrupt govt system?
An honest judge should not be swayed by money or high priced attorney's, just the facts of the case.
Jun 17, 2011
Rank: 5 / 5 (1)
Jun 17, 2011
Rank: 1 / 5 (2)
Now you are making excuses for a corrupt legal system controlled by the state.
Those poor, weak politicians and judges just can't withstand the temptations of being bribed?
Maybe the problem lies in a system where politicians can legalize plunder instead of being limited to protecting private property rights.
Free markets expect each participant to act in their individual self-interest, not in the interest of 'society'. How is that Utopian?
Jun 18, 2011
Rank: 1 / 5 (2)
"White House Chief of Staff Bill Daley took heat from business executives Thursday for the Obama administrations regulatory expansions. Daley also said he didnt have any good answers for some of what President Obama is doing and expressed frustration about the bureaucratic stuff thats hard to defend.
Sometimes you cant defend the indefensible, Daley said at a National Association of Manufacturers (NAM) meeting.
Daley couldnt answer basic questions and continually faced criticism from the executives in the room.
Read more: http://dailycalle...bCwvJhG"
Jun 18, 2011
Rank: not rated yet
Jun 18, 2011
Rank: 1 / 5 (2)
Of course it is easier for 'progressives' to attack banks than to blame themselves and take responsibility for their actions.
Jun 18, 2011
Rank: not rated yet
Jun 18, 2011
Rank: 1 / 5 (7)
Do you also realize in the US it's the Federal Reserve (a private bank) that places all orders for money to be printed? I guess you can play semantics and say the Treasury physically prints the money, but it doesn't do so without an order from the Federal Reserve.
Jun 18, 2011
Rank: 1 / 5 (1)
Why was the Federal Reserve created by an act of Congress?
The Federal Reserve is no more private than the GSE's Fannie Mae and Freddie Mac.
Jun 18, 2011
Rank: 1 / 5 (2)
"the regulatory commissions could subsidize, restrict, and cartelize in the name of "opposing monopoly," as well as promoting the general welfare and national security."
"the Federal Reserve System as a governmentally created and sanctioned cartel device to enable the nation's banks to inflate the money supply in a coordinated fashion, without suffering quick retribution from depositors or noteholders demanding cash."
http://mises.org/daily/3823
Jun 18, 2011
Rank: 1 / 5 (7)
I remember Clinton having difficulties with Greenspan. Why not just eliminate Greenspan?
Jun 18, 2011
Rank: 1 / 5 (2)
Acknowledge the role of collusion to limit competition or else it will be obvious you have severe cognitive deficits.
Jun 18, 2011
Rank: 1 / 5 (2)
Ever hear of separation of powers?
The president nominates the Chief Justice of the Supreme Court but has no authority to remove him from office.
Yes, let's turn the position of Federal Reserve Chairman into a political appointee subject to the whims of the president. That should hasten demise of the Federal Reserve.
The govt has much control over all banks. Ever hear of the FDIC? The govt regulates the capital banks must have on hand.
Jun 18, 2011
Rank: 1 / 5 (2)
http://www.csmoni...nt-money
Jun 18, 2011
Rank: 5 / 5 (1)
Jun 19, 2011
Rank: 1 / 5 (1)
Translation.... "Then let them eat cake."
Jun 19, 2011
Rank: 1 / 5 (1)
And in America's deregulatory schemes to win, America is bankrupt and rapidly declining to third world status.
Well done Libertarians.
Jun 19, 2011
Rank: 1 / 5 (1)
Consider this comment and tell me if you want him in charge of the FED.
"We must manufacture an 'economic' crisis in order to assure that there are no alternatives to a smaller government." - Republican - Jeb Bush - Imprimus Magazine 1995
Starve the beast of big government through fiscal insolvency.
Some dare call it treason.
Jun 19, 2011
Rank: 1 / 5 (1)
Correct. That is BY DESIGN, since Libertarian Economists maintain that a 3% inflation rate is best to spur economic growth.
Libertarian QuackTards don't even know what their own chief economists have designed into the system.
Jun 19, 2011
Rank: 1 / 5 (1)
Because without an act of congress legalizing it and beholding the other banks to it, it couldn't exist to serve it's intended purpose.
You poor Tard you.
Jun 19, 2011
Rank: 1 / 5 (1)
Libertarian/Randite RyggTard never seems to answer questions put to him who's answers that undermine his Libretarian/Randite Liedeology. In place of answers he posts Ideological Libertarian/Randite Claptrap that borders on anti-government conspiratorial lunacy.
And that is the heart of the Libertarian Ideal. "Government is evil, so it must be destroyed."
Hence the ongoing destruction of America.
Jun 19, 2011
Rank: 1 / 5 (1)
Ah, more Libertarian/Randite Ignorance...
The U.S. uses a fractional reserve system in which by law all lending that is done by banks be supported by maintaining a factional cash reserve of approximately 10% of all money loaned.
If a bank has $100 in deposits it is free to loan out $90 of that and keep 10% as a reserve deposit. All of that $90 will circulate in the economy and return to the bank as a new deposit. And by the rules, the bank is then allowed to re-loan 90% of that $90 deposit, which again circulates and is re-deposited this time as $81, and again 10% is held in reserve, and the other $72.90 is circulated.
So for every dollar initially deposited in a bank, the bank loans out about 10 times as much money - magnifying the initial deposit.
SO yes.. all banks in a fractional reserve system print money, about 10 times the money initially deposited within them.
Libertarians/Randites are invariably and spectacularly ignorant.
Jun 19, 2011
Rank: 1 / 5 (1)
Ultimately the American People do.
But the American people are spectacularly ignorant and have allowed the poison of Libertarianism and Randite ideologies to destroy their nation.
So be it.
Jun 19, 2011
Rank: 1 / 5 (1)
Ya we have heard it all before from Libertarian Quack Tards. Everything that stems from the state is necessarily evil, corrupt, and must be destroyed.
Hence the ongoing destruction of America by Libertarian Leaning Republican politicians.
"Starve the beast of big government" - Libertarian plan
Jun 19, 2011
Rank: 1 / 5 (1)
Libertarians place the welfare of self far above the welfare of their fellow man. The phrase "general welfare" informs everyone that America's founding fathers were interested in the welfare of society and the government's role in promoting the welfare of that society.
America has been destroyed by Libertarian Ideological poison.
Jun 19, 2011
Rank: 1 / 5 (1)
Good people ought to be armed as they will, with wits and Guns and the Truth.
Jun 19, 2011
Rank: 1 / 5 (1)
Why?
How do you define rich?
Jun 19, 2011
Rank: 1 / 5 (2)
@MARJONRESPOND to this please. Acknowledge that the irrepressible tendency of humans with common interests to band together to overcome their enemies, is why your free market is only a nocturnal emission on your sheets.
Acknowledge that the very reason for the existence of tribes, stems directly from this, and that it is the Reason we should expect to find this tribal dynamic at work in the very highest levels of govt. And Beyond.
And that we should in fact be puzzled and dismayed if there is not one triumphant Tribe of Leaders in charge of the world at this time, ensuring that all Their grand Illusions continue to function when logic tells us they should not.
SPEAK NOW or forever hold your Piece.
Jun 19, 2011
Rank: 1 / 5 (1)
http://www.thefre...llusion/
Jun 19, 2011
Rank: 1 / 5 (1)
Jun 19, 2011
Rank: not rated yet
Jun 19, 2011
Rank: 1 / 5 (1)
Jun 19, 2011
Rank: 2.3 / 5 (3)
And this banding and pooling and transacting is often done to limit competition, limit choices that customers have, reduce the quality of goods and services while raising prices... in order to increase their wealth.
Merovingian: "Choice is an illusion, created between those with power, and those without."
-THIS is how business wants to be done. This is how it wants to run itself. THIS is why it needs to be regulated from the outside, and from Above.
Jun 19, 2011
Rank: 2.3 / 5 (3)
Jun 19, 2011
Rank: 1 / 5 (1)
Jun 19, 2011
Rank: 1 / 5 (1)
So what are you saying? That politicians are more disillusioned than ever(regarding to a job and what it`s worth), and thus fostering an era of socialist sympathisers in N. America? Uh-oh, they better get their ducks in a row!
Jun 19, 2011
Rank: not rated yet
The first paragraph in this quotation suggests that for every dollar initially deposited in a bank, the bank loans out about .9 times as much money. And the paragraph just before the quotation wasn't clear either.
This article says that the Federal Reserve made a profit of 82-billion dollars last year and gave 79 billion of it to the government: http://www.nytime...business
Jun 20, 2011
Rank: 5 / 5 (2)
Jun 20, 2011
Rank: not rated yet
Do you think the successful schemes have been prosecuted? Most likely the successful ones were never found out.
Jun 20, 2011
Rank: not rated yet
Yes, they are reasonable. But how do you give more people more opportunities without spending some money that those people don't have?
And regarding your first bullet, success is relative. The wolf who eats all the sheep before the other wolves arrive is more successful, until he ultimately starves because there are no more sheep.
Jun 20, 2011
Rank: 5 / 5 (1)
Look at the Hiltons. Is showing some vagina and getting caught up in porn scandals an acceptable way to get ahead?
Jun 20, 2011
Rank: 1 / 5 (2)
2) MLB has anti-trust exemption, 3) All professional sports are entertainment and need to satisfy customers.
Has the US govt imposed fairness in professional sports?
Henry Ford started a 40 hr week and raised the salaries of his employees because 1) he could do so with the profits he had created and 2) his employees would have more time to be customers.
Solutions offered by 'progressives' demand forcible redistribution of wealth by the state.
Jun 21, 2011
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When I shared this idea with a friend he suggested killing the suffering people. I told him losing a family member can be traumatic even if they are an idiot. He then agreed with me that we must eliminate the suffering without harming any one.
Jun 21, 2011
Rank: 1 / 5 (1)
You do mean "some head" don't you?
Jun 21, 2011
Rank: 1 / 5 (1)
Another reason for the ongoing failure of American Society.