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Thread: UpInequality

  1. #1
    Scucca Æthelfrith's Avatar
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    UpInequality

    Joseph Stiglitz: "This should not come as a surprise: we have a political system that gives inordinate power to those at the top, and they have used that power not only to limit the extent of redistribution but also to shape the rules of the game in their favor, and to extract from the public what can only be called large gifts.”

    Nobel Laureate Economist Says American Inequality Didn?t Just Happen. It Was Created. - Evonomics
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    Galactic Ruler Spookycolt's Avatar
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    What is your solution?

    To simply seize the money of the rich?

  3. #3
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Spookycolt View Post
    What is your solution?

    To simply seize the money of the rich?
    See what countries that do not have third world hell hole wealth inequality have done about it. It is not rocket science. You might start by educating yourself a tiny bit and read Stiglitz's book.

    Joseph Stiglitz Says Standard Economics Is Wrong. Inequality and Unearned Income Kills the Economy - Evonomics
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  4. #4
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Æthelfrith View Post
    Joseph Stiglitz: "This should not come as a surprise: we have a political system that gives inordinate power to those at the top, and they have used that power not only to limit the extent of redistribution but also to shape the rules of the game in their favor, and to extract from the public what can only be called large gifts.”

    Nobel Laureate Economist Says American Inequality Didn?t Just Happen. It Was Created. - Evonomics
    Waste of time, these people are stuck on stupid and still believe "trickle down" was not designed to enrich the 1% at the expense of the 99%.

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    Quote Originally Posted by OldGaffer View Post
    See what countries that do not have third world hell hole wealth inequality have done about it. It is not rocket science. You might start by educating yourself a tiny bit and read Stiglitz's book.

    Joseph Stiglitz Says Standard Economics Is Wrong. Inequality and Unearned Income Kills the Economy - Evonomics
    Yeah, check out Zimbabwe to see how that worked for them when they seized white farmers land.

    Here's a hint: food production went down 70%.

    Thanks Mugabe!

  6. #6
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by OldGaffer View Post
    See what countries that do not have third world hell hole wealth inequality have done about it. It is not rocket science. You might start by educating yourself a tiny bit and read Stiglitz's book.

    Joseph Stiglitz Says Standard Economics Is Wrong. Inequality and Unearned Income Kills the Economy - Evonomics
    When a person can't answer a simple question and tells you to read a book instead it usually means they don't have an answer.
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    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Miller47 View Post
    Yeah, check out Zimbabwe to see how that worked for them when they seized white farmers land.

    Here's a hint: food production went down 70%.

    Thanks Mugabe!
    Yeah, Zimbabwe was the exact country I was thinking about....uhhuh. A third world shithole with one of the worst GINI indexes in the world....

    What is sad is we have more wealth inequality than Russia...and are only marginally better than Mexico..

    OECD Income Distribution Database (IDD): Gini, poverty, income, Methods and Concepts - OECD
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  8. #8
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Spookycolt View Post
    When a person can't answer a simple question and tells you to read a book instead it usually means they don't have an answer.
    No, it means it is fucking complicated, I am no economist, and I am not going to waste my time researching and typing out a three page post that you will dismiss without even bothering to read it. If you actually want to know anything then read some research yourself. Otherwise continue to ask inane questions.
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  9. #9
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by OldGaffer View Post
    No, it means it is fucking complicated, I am no economist, and I am not going to waste my time researching and typing out a three page post that you will dismiss without even bothering to read it. If you actually want to know anything then read some research yourself. Otherwise continue to ask inane questions.
    So you want me to read a book and you can't make a three page post.

    lol

  10. #10
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Spookycolt View Post
    So you want me to read a book and you can't make a three page post.

    lol
    I read his book, it explains all of it, you will just have to remain ignorant, move along, nothing to see here...
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