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Wealth inequality: NEVER judge a man by his wealth (Read 15987 times)
Winston Smith
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #105 - Jul 1st, 2014 at 4:34pm
 
Sprintcyclist wrote on Jul 1st, 2014 at 2:12pm:
Thanks Winston,

You reminded me.

Aqua - Did you notice how Howard was very fit. His daily walk were exactly that is recommended by a doctor.
Abbott .......... well, Ironman triathlete competitor, cyclist, boxer.

Rudd ..............


That's so gay.

(Not that there's anything wrong with that of course.) Wink
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vikaryan
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #106 - Jul 1st, 2014 at 4:40pm
 
"These two economic engines — urbanization and technology adoption — can generate a lot of growth. (Just ask China.) But eventually, they run out of steam. You can only urbanize so much, and at some point you’ve stolen all the technology there is to steal. Moreover, wages usually rise as countries grow, so your export advantage will gradually disappear. (Again, just ask China.) Then your country will have to compete on a level playing field with the most advanced economies in the world, and for that you’ll need innovation." -Daniel Altman

http://www.foreignpolicy.com/articles/2014/06/27/get_ready_for_the_perma_slump_us_economy

lineartocircular (http://lineartocircular.tumblr.com/): Great piece from Daniel Altman on where we are, and what we might expect from here.  I’d add that along with being a great argument for investing in education, it might also be used to build a case for the inception of a Universal Basic Income.
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We fight a holy war against the fat and the corrupt and the sinful and the unbelieving!
 
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vikaryan
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #107 - Jul 1st, 2014 at 5:10pm
 
“Ramadan Mubarak! Let’s reflect on all those who’re not fasting out of choice but starving because of powers that value profit over people.”


(via panyav)

http://panyav.tumblr.com/post/90204766688/ramadan-mubarak-lets-reflect-on-all-those-whore
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We fight a holy war against the fat and the corrupt and the sinful and the unbelieving!
 
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vikaryan
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #108 - Jul 1st, 2014 at 5:13pm
 
“To see the inequality, one must first see the person, and see the person not just a convenient object for the service of [the majority], but as an equal fellow citizen, trying to achieve a variety of purposes in American society.”


— Martha Nussbaum in From Disgust to Humanity: Sexual Orientation and Constitutional Law, pg 74
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We fight a holy war against the fat and the corrupt and the sinful and the unbelieving!
 
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vikaryan
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #109 - Jul 1st, 2014 at 7:35pm
 
What's Wrong with This Picture?


Yours for $40 million: The Wolseley Road, Point Piper, mansion of the late Salvatore Paino.

Point Piper has a new waterfront mansion up for some
$40 million
, with the listing of the late Salvatore Paino's Wolseley Road home. The Italian-born property developer and hotelier (who died last year aged 84) built the four-storey home in 1978,
having purchased the vacant 860-square-metre block in 1975 for $135,000
.


Now on the market for the first time, the five-bedroom, six-bathroom property features a balcony that was conspicuously extended in 2002 despite billionaire neighbour Frank Lowy's well-publicised court battle to stop it.

http://canberratimes.domain.com.au/real-estate-news/former-qantas-chief-to-fly-from-rocks-20140130-31nm3.html

Google "fiat money" and "inflation tax".
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We fight a holy war against the fat and the corrupt and the sinful and the unbelieving!
 
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vikaryan
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #110 - Jul 1st, 2014 at 9:23pm
 
We have socialism for the rich and capitalism for the poor
  Angry

The Gazette June 26, 2014

Re: “Flat income is becoming a hot topic” (Gazette, June 26)

While a flat or guaranteed annual income would in many ways be a huge help not only to the many low-income Canadians but to Canada as a whole, it has to be said that welfare, defined generically, is primarily a government gift to the corporations and wealthy.

A study by Mark Milke of the conservative Fraser Institute shows that between 1982 and 2012 Industry Canada alone provided $13.7 billion to business, $6.3 billion of which was given gratis. Only 0.1 per cent of interest on the loans were collected and most of them were not repaid. In an article in the March 28, 2013 Financial Post, Milke stated that the 2013 federal budget provided $6.4 billion of corporate welfare.

What we have in Canada is society of tremendous inequality with socialism for the rich and capitalism for the poor. Children born into well-off families have many material advantages, from birth, over children born into poverty. At the very least, we need to provide income security to all low-income Canadians so that no children will be born into extreme poverty.

There is no evidence that corporate welfare does anything for the Canadian economy except to make the rich richer. Rather, we need a society which will make it possible for all Canadians not to have to skimp on food in order to pay the rent or not to have to live in dilapidated housing or not to have their teeth pulled because they can’t afford dental care, etc.

http://www.montrealgazette.com/business/Letter+have+socialism+rich+capitalism+poor/9976611/story.html
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We fight a holy war against the fat and the corrupt and the sinful and the unbelieving!
 
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ian
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #111 - Jul 1st, 2014 at 9:50pm
 
Winston Smith wrote on Jul 1st, 2014 at 4:34pm:
Sprintcyclist wrote on Jul 1st, 2014 at 2:12pm:
Thanks Winston,

You reminded me.

Aqua - Did you notice how Howard was very fit. His daily walk were exactly that is recommended by a doctor.
Abbott .......... well, Ironman triathlete competitor, cyclist, boxer.

Rudd ..............


That's so gay.

(Not that there's anything wrong with that of course.) Wink

Whats gay about being an athlete? Please elaborate winston.
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Winston Smith
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #112 - Jul 1st, 2014 at 10:03pm
 
ian wrote on Jul 1st, 2014 at 9:50pm:
Winston Smith wrote on Jul 1st, 2014 at 4:34pm:
Sprintcyclist wrote on Jul 1st, 2014 at 2:12pm:
Thanks Winston,

You reminded me.

Aqua - Did you notice how Howard was very fit. His daily walk were exactly that is recommended by a doctor.
Abbott .......... well, Ironman triathlete competitor, cyclist, boxer.

Rudd ..............


That's so gay.

(Not that there's anything wrong with that of course.) Wink

Whats gay about being an athlete? Please elaborate winston.


Nothing, I was merely commenting on the latent homosexuality in Sprintycyclist's comments regarding the men he admires and why. Roll Eyes
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Datalife
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #113 - Jul 1st, 2014 at 10:09pm
 
Winston Smith wrote on Jul 1st, 2014 at 10:03pm:
ian wrote on Jul 1st, 2014 at 9:50pm:
Winston Smith wrote on Jul 1st, 2014 at 4:34pm:
Sprintcyclist wrote on Jul 1st, 2014 at 2:12pm:
Thanks Winston,

You reminded me.

Aqua - Did you notice how Howard was very fit. His daily walk were exactly that is recommended by a doctor.
Abbott .......... well, Ironman triathlete competitor, cyclist, boxer.

Rudd ..............


That's so gay.

(Not that there's anything wrong with that of course.) Wink

Whats gay about being an athlete? Please elaborate winston.


Nothing, I was merely commenting on the latent homosexuality in Sprintycyclist's comments regarding the men he admires and why. Roll Eyes


Was Sprintcyclist one of those fantasising about Abbot being gay the other day, whilst also hating on gays which opens up some interesting corridors on self loathing.
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"If they’re out there in the high seas, what you would do is seek to turn them back through the agency of the Australian Navy".

Kevin Rudd on 2GB, July 12, 2007
 
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aquascoot
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #114 - Jul 2nd, 2014 at 6:54am
 
wealth =  power  .

you cannot have an equal distribution of power. the world, society, the economy, human relationships, workplaces and families rely on the unequal distribution of power.

you can lead
you can follow
or you can get out of the way.

this looney tunes thread, suggesting that there should be equal distribution of wealth, based on no other premise than that it "seems" like a good idea, is total bunkum.

people can be ambitious and people can try to climb the ladder, people can get wealth and power because they have shown they have legitimate talents and people are willing to hand over some of their wealth/power to someone who is better able to use it.
this is totally a case of free will.
But to say the system is flawed because some people have more wealth or some people have more power is just bananas. the whole world relies on competition, always has and always will.
this socialist nirvana is soooooo naïve as an idea.

as we now move into an era where intelligence should produce economic success, we should see the more intelligent assume more and more wealth and more and more power.
How on earth can this be a bad thing.
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vikaryan
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #115 - Jul 2nd, 2014 at 7:34am
 
Between 1993 and 2011, in the US, average incomes grew a modest 13.1 percent in total but the average income of the poorest 99 percent — that is, everyone up to families making about $ 370,000 a year — grew by only 5.8 percent.

That gap is a measure of just how much the top one percent are making. Workers’ share of the US national income was 62 percent before the crash of 2008. It is now about 59 percent of GDP. Average household incomes are lower than before the recession as inequality rises.

It is a glaring paradox that the US stock market has risen by more than 50 percent since the crisis, while median earnings have declined. Obscene wealth begets political power: plutocrats can buy up newspapers and television channels, and fund political campaigns, parties and lobbying. In the US, one has to be a millionaire to be president and, in addition, have the backing of many billionaires. Democracy can be bought and sold to the advantage of the highest bidder.

The myth of social mobility has been exposed for what it is: a cynical lie. Rich parents have rich children. The ruling class is a self-perpetuating elite, entirely divorced from the rest of society. Access to higher education is increasingly expensive. Graduates find themselves saddled with enormous debts averaging $ 25,000 per student and are often unable to find jobs in the career of their choice — if they can find a job at all. The ladder to advancement has been kicked away. Hundreds of thousands of university graduates are serving hamburgers in McDonalds or stocking shelves in supermarkets. The situation confronting the US youth today is statistically similar to that faced by youth in the Arab world before the explosion of the Tunisian and Egyptian revolutions.

The US dream has turned into the US nightmare. “In 50 short years, debt has gone from being a luxury for a few to a convenience for many to an addiction for most to a disease for all,” James Butler wrote in an Independent Voters Network (IVN) op-ed. “It is a virus that has spread to every aspect of our economy, from a consumer using a credit card to buy a $ 0.75 candy bar in a vending machine to a government borrowing $ 17 trillion to keep the lights on.”

The masses are prepared to make sacrifices on condition that the cause is just and the sacrifices are the same for all, but nobody is willing to make sacrifices to save the bankers, and there is no question of equality of sacrifice. In the midst of a crisis, the rich get richer and the poor get poorer.

Another Credit Suisse report published some interesting figures on unequal distribution of wealth. It revealed that at the top end, 32 million people control $ 98.7 trillion. That means that 41 percent of the world’s wealth is in the hands of 0.7 percent of the total adult population. Those with a personal fortune of $ 100,000 to $ 1 million account for 7.7 percent of the population, controlling some $ 101.8 trillion, representing 42.3 percent of the world’s wealth. At the other extreme, 3.2 billion people control a mere $ 7.3 trillion. This means that 68.7 percent of the world’s adult population controls just three percent of its wealth. This means that the richest 0.7 percent of the world’s adult population have a combined personal wealth 14 times larger than the poorest 68 percent. “Accumulation of wealth at one pole is, therefore, at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole, i.e., on the side of the class that produces its own product in the form of capital” (Capital Volume One, Chapter 25).

http://www.dailytimes.com.pk/opinion/29-Jun-2014/inequality-on-the-verge-of-social-explosion
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Sprintcyclist
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #116 - Jul 2nd, 2014 at 7:51am
 
aquascoot wrote on Jul 2nd, 2014 at 6:54am:
wealth =  power  .

you cannot have an equal distribution of power. the world, society, the economy, human relationships, workplaces and families rely on the unequal distribution of power.

you can lead
you can follow
or you can get out of the way.

this looney tunes thread, suggesting that there should be equal distribution of wealth, based on no other premise than that it "seems" like a good idea, is total bunkum.

people can be ambitious and people can try to climb the ladder, people can get wealth and power because they have shown they have legitimate talents and people are willing to hand over some of their wealth/power to someone who is better able to use it.
this is totally a case of free will.
But to say the system is flawed because some people have more wealth or some people have more power is just bananas. the whole world relies on competition, always has and always will.
this socialist nirvana is soooooo naïve as an idea.

as we now move into an era where intelligence should produce economic success, we should see the more intelligent assume more and more wealth and more and more power.
How on earth can this be a bad thing
.


because the stupid and the lazy will not automatically get any unwarranted benefit from the hard work, drive, intuition and risk taking of the intelligent hard workerrs.

That's how it can be a bad thing.
You know, if you are one of the stupid lazy people.
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aquascoot
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #117 - Jul 2nd, 2014 at 10:49am
 
Sprintcyclist wrote on Jul 2nd, 2014 at 7:51am:
aquascoot wrote on Jul 2nd, 2014 at 6:54am:
wealth =  power  .

you cannot have an equal distribution of power. the world, society, the economy, human relationships, workplaces and families rely on the unequal distribution of power.

you can lead
you can follow
or you can get out of the way.

this looney tunes thread, suggesting that there should be equal distribution of wealth, based on no other premise than that it "seems" like a good idea, is total bunkum.

people can be ambitious and people can try to climb the ladder, people can get wealth and power because they have shown they have legitimate talents and people are willing to hand over some of their wealth/power to someone who is better able to use it.
this is totally a case of free will.
But to say the system is flawed because some people have more wealth or some people have more power is just bananas. the whole world relies on competition, always has and always will.
this socialist nirvana is soooooo naïve as an idea.

as we now move into an era where intelligence should produce economic success, we should see the more intelligent assume more and more wealth and more and more power.
How on earth can this be a bad thing
.


because the stupid and the lazy will not automatically get any unwarranted benefit from the hard work, drive, intuition and risk taking of the intelligent hard workerrs.

That's how it can be a bad thing.
You know, if you are one of the stupid lazy people.



Each year we are treated to better computers, smarter phones, safer cars.
evolution , in its natural state, should be about the betterment of the human species.
So, its important that stupid lazy people not have an evolutionary advantage.
if they do, the system is unnatural and you cant fight mother nature
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ian
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #118 - Jul 2nd, 2014 at 10:55am
 
Winston Smith wrote on Jul 1st, 2014 at 10:03pm:
ian wrote on Jul 1st, 2014 at 9:50pm:
Winston Smith wrote on Jul 1st, 2014 at 4:34pm:
Sprintcyclist wrote on Jul 1st, 2014 at 2:12pm:
Thanks Winston,

You reminded me.

Aqua - Did you notice how Howard was very fit. His daily walk were exactly that is recommended by a doctor.
Abbott .......... well, Ironman triathlete competitor, cyclist, boxer.

Rudd ..............


That's so gay.

(Not that there's anything wrong with that of course.) Wink

Whats gay about being an athlete? Please elaborate winston.


Nothing, I was merely commenting on the latent homosexuality in Sprintycyclist's comments regarding the men he admires and why. Roll Eyes
I think he might have been making the point that athletic achievement sometimes goes hand in hand with personal achievement in general. Certainly being in top physical condition is a pre requisite to having a strong feeling of self worth and purpose in my opinion.
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aquascoot
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Re: Wealth inequality: NEVER judge a man by his wealth
Reply #119 - Jul 2nd, 2014 at 11:06am
 
ian wrote on Jul 2nd, 2014 at 10:55am:
Winston Smith wrote on Jul 1st, 2014 at 10:03pm:
ian wrote on Jul 1st, 2014 at 9:50pm:
Winston Smith wrote on Jul 1st, 2014 at 4:34pm:
Sprintcyclist wrote on Jul 1st, 2014 at 2:12pm:
Thanks Winston,

You reminded me.

Aqua - Did you notice how Howard was very fit. His daily walk were exactly that is recommended by a doctor.
Abbott .......... well, Ironman triathlete competitor, cyclist, boxer.

Rudd ..............


That's so gay.

(Not that there's anything wrong with that of course.) Wink

Whats gay about being an athlete? Please elaborate winston.


Nothing, I was merely commenting on the latent homosexuality in Sprintycyclist's comments regarding the men he admires and why. Roll Eyes
I think he might have been making the point that athletic achievement sometimes goes hand in hand with personal achievement in general. Certainly being in top physical condition is a pre requisite to having a strong feeling of self worth and purpose in my opinion.


Latent homosexuality,  WTF.

fatties like Palmer obviously have poor self discipline.
no thanks.
I like leaders who have a little more mental toughness than that marshmallow
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