Income Gap Between Rich an Poor Biggest In A Century

[head of joaquin]

Re: Income Gap Between Rich And Poor Biggest In A Century

What Madeoff did was illegal so is hardly a good example of the billions of happy transactions that take place every day.

Thanks for admitting our need for regulation. So much for "free markets."

In any case most of the "happy transactions" involve the rich getting richer. See the OP.

 

[Grant]

Re: Income Gap Between Rich And Poor Biggest In A Century

Thanks for admitting our need for regulation. So much for "free markets."

didn't your parents or your church group ever explain the difference to you between the free market and breaking the law?

In any case most of the "happy transactions" involve the rich getting richer. See the OP.

So what? Are you jealous because your food stamps ran out? You should have learned to budget.

 

[head of joaquin]

Re: Income Gap Between Rich And Poor Biggest In A Century

didn't your parents or your church group ever explain the difference to you between the free market and breaking the law?

Yep, it's called regulation, which you're against.

Did your parents ever explain to you the difference between telling the truth and lying?

So what? Are you jealous because your food stamps ran out? You should have learned to budget.

Hey kids, it's the personal attack meme! Proof positive that another tea partiers is losing another argument on the merits

 

[Grant]

Re: Income Gap Between Rich And Poor Biggest In A Century

Yep, it's called regulation, which you're against.

Where did you read that? Didn't your parents or your Church group teach you reading comprehension? Have you tried remedial reading? Maybe you can trade the remainder of your food stamps in on more schooling rather than spending them at strip clubs.

 

[head of joaquin]

Re: Income Gap Between Rich And Poor Biggest In A Century

Where did you read that? Didn't your parents or your Church group teach you reading comprehension? Have you tried remedial reading? Maybe you can trade the remainder of your food stamps in on more schooling rather than spending them at strip clubs.

I'm glad you're for a regulated market, and have abandoned the fiction of "free markets". One less discredited tea party meme to rebut.

Wait... you're being disingenuous!

 

[imagep]

Re: Income Gap Between Rich And Poor Biggest In A Century

What Madeoff did was illegal so is hardly a good example of the billions of happy transactions that take place every day.

It was illegal and immoral. There are lot's of people who get wealthy legally, but maybe not morally. There are also lots of people who get rich without ever producing anything, which I find to be immoral, and which was the point in my example.

Those on the right so often "dis" regulations, yet regulations are laws which exist to protect us. The largest factor in the Great Bush Recession was that what was going on in the real estate finance industry was immoral, and thus needed to be regulated. If we would have had appropriate regulations, we wouldn't have had the bubble and burst. Just because something is legal doesn't make it right or moral or even advantageous to our economy.

 

[Grant]

Re: Income Gap Between Rich And Poor Biggest In A Century

It was illegal and immoral. There are lot's of people who get wealthy legally, but maybe not morally. There are also lots of people who get rich without ever producing anything, which I find to be immoral, and which was the point in my example.

There are people of every income level who behave immorally to earn their money. Workers who drink on the job, who don't put in an honest hours work for an hours wages, those who work 'under the table' or who work yet collect food stamps, who drink on the job, etc.

In fact I don't think a dishonest person can stay in business very long, given the power and influence of the internet

Those on the right so often "dis" regulations, yet regulations are laws which exist to protect us.

Of course there has to be regulations but there is such a thing as over regulating to the point of stifling the economy and its entrepreneurs. The left wants more regulations, as per your 'those on the right' comment, but are the first to complain when businesses close down, go elsewhere or move their money to a more friendly environment.

The largest factor in the Great Bush Recession was that what was going on in the real estate finance industry was immoral, and thus needed to be regulated.

There was no "Great Bush recession". And you can go back to Carter as the source of the housing bust.

If we would have had appropriate regulations, we wouldn't have had the bubble and burst. Just because something is legal doesn't make it right or moral or even advantageous to our economy.

It was government overly involving themselves in the economy that created the problem and now people who are long on theory but short on experience are piling regulations upon more regulations. High priced lawyers and tax consultants can afford to work their way around these regulations, while not breaking the law, but they certainly harm small business owners, the source of most employment.

 

[head of joaquin]

Re: Income Gap Between Rich And Poor Biggest In A Century

There are people of every income level who behave immorally to earn their money. Workers who drink on the job, who don't put in an honest hours work for an hours wages, those who work 'under the table' or who work yet collect food stamps, who drink on the job, etc.
.

I see a difference between a guy who drinks on the job and a guy who embezzles billions of dollars from charities. Don't you?

Maybe we've discovered another unique quality of tea partyism: lack of proportion.