Meet the Economist Behind the 1%'s Stealth Takeover of America

Jul 2013
46,856
49,212
Nashville, TN
#11
That's PAT Buchanan. We're discussing James Buchanan, the public choice, Nobel Prize winning economist.
Ok, lets look at him.

Buchanan was deeply committed to ideas that many people consider profoundly anti-democratic. Democracy — as taught in middle school civics classes — allows and encourages citizens to come together and use the public sphere and electoral system to pass new legislation. Buchanan consistently argued that this should be made almost impossible.
For example, if an employer did not want to hire someone because of her race or gender identity, Buchanan would oppose government action to remedy this situation, because it would force the racist or sexist employer to do what he does not want to do. Buchanan would be absolutely fine with the government not doing anything about private schools that exclude people with brown skin, banks that do not loan to LGBT folks, Airbnb hosts who refuse to rent to Asians or firms that do not hire Latinos. If an employer tells an employee that he will get promoted only if he agrees to have sex with her, the employee would have no legal remedy, because under Buchanan’s way of thinking, the employer is simply making an offer that the employee is free to refuse. Some people still make this kind of argument today.
Note that Buchanan here embraced “order” and insisted that something must be done about students who have not done anything illegal but merely disregard “ordinary rules of conduct” and “disrupt others,” which are of course part of peaceful civil disobedience. Buchanan called human beings “animals” and “child-men.” Elsewhere, he called people “parasites.” This is a kind of dehumanization and disrespect that is plausibly inconsistent with democratic values, which imply a minimum degree of respect for those whom one disagrees with.
I can see where the right would idolize Buchanan, he is their kind of guy!!

https://www.washingtonpost.com/news...ratic-norms-heres-why/?utm_term=.7e9b55abfeb7
 

Babba

Former Staff
Jul 2007
71,204
59,860
So. Md.
#12
Those numbers, if correct, are pretty amazing.

Some easy to believe, others...?

Got a source?
Since 1978, college tuition and fees have increased by a whopping 1,120%. During that same period, the price of food has increased 244% and medical expenses 601%. In fact, tuition prices have gone up four times faster than the consumer price index, according to a report by Bloomberg.
https://www.usatoday.com/story/money/personalfinance/2014/11/08/credit-dotcom-tuition/18417721/



Houses weren't always this expensive. In 1940, the median home value in the U.S. was just $2,938. In 1980, it was $47,200, and by 2000, it had risen to $119,600. Even adjusted for inflation, the median home price in 1940 would only have been $30,600 in 2000 dollars, according to data from the U.S. Census.
https://www.cnbc.com/2017/06/23/how-much-housing-prices-have-risen-since-1940.html



A new report by the Economic Policy Institute shows that CEO compensation at the largest corporations has ballooned by 937 percent since 1978, when adjusted for inflation. A typical worker’s compensation grew a measly 10.2 percent over the same period.

The average CEO compensation at the 350 publicly owned companies with the largest annual revenue in the U.S. last year was $15.2 million, according to the EPI, a left-leaning think tank. That’s a 21.7 percent rise since just 2010.

These massive increases are fattening CEOs’ wallets while those of average Americans look ever leaner. Of all income groups, it’s arguably minimum-wage earners who have suffered the most. The federal minimum wage has declined sharply since the 1960s when adjusted for inflation. If it had kept pace with increases in workplace productivity, the federal minimum wage would be $21.72 an hour — triple what it is today.
https://www.huffingtonpost.com/2014/06/12/ceo-pay-report_n_5484622.html

This is what the 1% hath wrought and right wingers cheer them on because whites are losing cultural dominance.
 
Likes: 2 people
Sep 2014
4,241
1,223
South FL
#13
Epitomizing why the left simply cannot be trusted in any way shape or form.

$2,938 median price for a home for a society where median income was just south of 1,000, $956, for a median house <1500 square feet (over three times median income) versus a median of $119600 in a society where median income is $55,030 (2.17 times median income) buying a house over 2,000 square feet. You people are just completely disingenious.
 
Likes: 1 person

Babba

Former Staff
Jul 2007
71,204
59,860
So. Md.
#14
Epitomizing why the left simply cannot be trusted in any way shape or form.

$2,938 median price for a home for a society where median income was just south of 1,000, $956, for a median house <1500 square feet (over three times median income) versus a median of $119600 in a society where median income is $55,030 (2.17 times median income) buying a house over 2,000 square feet. You people are just completely disingenious.
Look in the mirror, bub.
 
Likes: Friday13
Apr 2018
5,756
1,210
oregon
#19
The fact remains that a large portion of the population is priced out of the housing market. And I notice you can't refute all the other points.
Actually, a large portion of the population was indoctrinated in the public school system to believe participation trophies are legitimate when they should've been taught the realities of finances.
 
Sep 2013
38,805
30,770
On a hill
#20