It is inequality Stupid!

[Diving Mullah]

Article from MotherJones

Study: Income Inequality Kills Economic Growth | Mother Jones

Corporate chieftains often claim that fixing the US economy requires signing new free trade deals, lowering government debt, and attracting lots of foreign investment. But a major new study has found that those things matter less than an economic driver that CEOs hate talking about: equality. "Countries where income was more equally distributed tended to have longer growth spells," says economist Andrew Berg, whose study appears in the current issue of Finance & Development, the quarterly magazine of the International Monetary Fund. Comparing six major economic variables across the world's economies, Berg found that equality of incomes was the most important factor in preventing a major downturn. (See top chart.)....

a new report out of the International Monetary Fund finds that one of the greatest factors for prolonged economic growth in a nation is a low level of wealth inequality. By reviewing economies around the world - and looking at economic variables such as political institutions, debt, and trade - the study found that by far - it's wealth inequality that has the greatest effect on sustained economic growth - and that if nations are made 10% more equitable in their wealth distribution - then they could see economic growth sustained for 50% longer.


As in - if you spread the wealth around a little better - then you'll see much better economic growth for the whole nation. Currently - the United States is the most unequal nation in the developed world - and more unequal than nations like the Ivory Coast, Ethiopia and Pakistan. We have a lot of work to do to fix this imbalance - and it starts with Wall Street.

To So called conservatives...

By now even the frogs in the boiling pot are telling you..."Dude..Give up...you entire ideology has been proven wrong...and just because YOU have been wrong for the past eon, it is NOT like you are due one right!...I you insist on the same Ideology you will still be wrong for another eon!":doh

Diving Mullah

 

[Harry Guerrilla]

Article from MotherJones

Study: Income Inequality Kills Economic Growth | Mother Jones




a new report out of the International Monetary Fund finds that one of the greatest factors for prolonged economic growth in a nation is a low level of wealth inequality. By reviewing economies around the world - and looking at economic variables such as political institutions, debt, and trade - the study found that by far - it's wealth inequality that has the greatest effect on sustained economic growth - and that if nations are made 10% more equitable in their wealth distribution - then they could see economic growth sustained for 50% longer.


As in - if you spread the wealth around a little better - then you'll see much better economic growth for the whole nation. Currently - the United States is the most unequal nation in the developed world - and more unequal than nations like the Ivory Coast, Ethiopia and Pakistan. We have a lot of work to do to fix this imbalance - and it starts with Wall Street.

To So called conservatives...

By now even the frogs in the boiling pot are telling you..."Dude..Give up...you entire ideology has been proven wrong...and just because YOU have been wrong for the past eon, it is NOT like you are due one right!...I you insist on the same Ideology you will still be wrong for another eon!":doh

Diving Mullah

Seeing that you describe yourself as "Very Conservative", wouldn't that mean that you're wrong?

Edit: I'll just wait for Lee Doran to completely dump all over this piece of "evidence" with a fact based rebuttal.

 

[Simon W. Moon]

I haven't read your thing yet. I was distracted by the coding issues.

anyway, here are the images you were looking for in order of appearance in your post

ywia

 

[Diving Mullah]

Seeing that you describe yourself as "Very Conservative", wouldn't that mean that you're wrong?

All that mean is that you have no idea what a conservative is...Nice try at Ad hominem fallacy though, but no cigar!

Please reread the thread and try again!

Diving Mullah

 

[Harry Guerrilla]

All that mean is that you have no idea what a conservative is...Nice try at Ad hominem fallacy though, but no cigar!

Please reread the thread and try again!

Diving Mullah

You said it, not me.
I was merely pointing out that you were telling yourself, that you were wrong.

Maybe you should change your description, if don't want to accidently ding yourself.

 

[imagep]

I actually don't think that wealth inequality is part of true conservative beliefs, although many conservatives, espeically libertarian and tea party types seem to have adopted the philosphy that taxes on the rich should be lower.

I agree with low taxes and the lower the taxes the better, as long as the budget is ballanced - but taxes should be low on everyone, not just lower on the wealthy, like many conservatives seem to think they are supposed to believe in. Then the extremest somehow defend their policy of low taxes on the rich by stating that we need rich people to be very rich to have a good economy - which of course is a complete distortion. Then they spew hatetrid on the lower middle class because they don't believe that the lower middle class (or poor) contribute to our society or pull their own weight.

Sorry, I am kind of mucking up the concept that I really want to present. Let me try it again...

Wealth disparity is not a conservative idea. True conservatives don't think that a large disparity in income is a good thing. Many so-called conservatives have adopted the concept that wealth disparity is a good thing because making that claim is the only way they can defend their other misguided (and non-conservative) beliefs. In otherwords, conservativism has been hijacked by loonies and the misguided.

 

[1Perry]

I actually don't think that wealth inequality is part of true conservative beliefs, although many conservatives, espeically libertarian and tea party types seem to have adopted the philosphy that taxes on the rich should be lower.

Wrong. Taxes on everyone should be lower.

Wealth disparity is not a conservative idea. True conservatives don't think that a large disparity in income is a good thing. Many so-called conservatives have adopted the concept that wealth disparity is a good thing because making that claim is the only way they can defend their other misguided (and non-conservative) beliefs. In otherwords, conservativism has been hijacked by loonies and the misguided.

Actually, the arguement is that if you do not like others making more than you, do something about it, quit expecting others to do something about it.

 

[Diving Mullah]

Unlike what I call Conservatives wanne be... my "conservatism" does not change with what political party is running the country...

Repulicons and Libertarians are the one who constantly are going thru identity crises and have to redefine themselves every election term!

Cheers

Diving mullah

 

[TurtleDude]

Seeing that you describe yourself as "Very Conservative", wouldn't that mean that you're wrong?

Edit: I'll just wait for Lee Doran to completely dump all over this piece of "evidence" with a fact based rebuttal.

He's a far left populist. A real "Very conservative" quoting Mother Jones is akin to a "hard core liberal" Citing Glenn Beck with approval or the National Review

 

[Diving Mullah]

I actually don't think that wealth inequality is part of true conservative beliefs, although many conservatives, espeically libertarian and tea party types seem to have adopted the philosphy that taxes on the rich should be lower.

I agree with low taxes and the lower the taxes the better, as long as the budget is ballanced - but taxes should be low on everyone, not just lower on the wealthy, like many conservatives seem to think they are supposed to believe in. Then the extremest somehow defend their policy of low taxes on the rich by stating that we need rich people to be very rich to have a good economy - which of course is a complete distortion. Then they spew hatetrid on the lower middle class because they don't believe that the lower middle class (or poor) contribute to our society or pull their own weight.

Sorry, I am kind of mucking up the concept that I really want to present. Let me try it again...

Wealth disparity is not a conservative idea. True conservatives don't think that a large disparity in income is a good thing. Many so-called conservatives have adopted the concept that wealth disparity is a good thing because making that claim is the only way they can defend their other misguided (and non-conservative) beliefs. In otherwords, conservativism has been hijacked by loonies and the misguided.

Excellent point...

Here is a good example...
Elected officials i.e congress pledge An oath that declares an individual's allegiance to the government and its institutions and disclaims support of ideologies or associations that oppose or threaten the government.

Now on top of this very royalty oath majority of republican have have also signed a pledge to their new master Grover Norquist (you what they say about people with two masters!). besides the fact this actually violates their original oath but actually having to sign a contract and pass laws (or prevent laws being passed) to which their individual benefactor directly benefits and profits....How fracked up can you get!

This is not Conservatism.. They have become some bizarre mutant version of what Conservatism used to be and sadly now purely driven by ideology voids of facts rational or reason!

Diving Mullah

 

[coolwalker]

Why are taxes higher now? Because government is like a tapeworm, constantly growing and eating. We don't need new or more taxes, we need "equal taxes" and there is but one way to achieve that. A Flat Federal sales Tax on all goods and services to individuals, companies and corporations...no exceptions, no deductions period. Dispute that.

 

[Tigger]

. We have a lot of work to do to fix this imbalance - and it starts with Wall Street.

These peons can have my money when they pry it from my cold dead hand along with my gun.

 

[pdog]

Wrong. Taxes on everyone should be lower.

That would be lovely, but unfortunately we cut taxes on the wealthy in half in the 80's and told ourselves for 30 years that the corresponding deficit was ok. We've got 3 decades of damages to fix before we can start talking about cutting taxes, even in the context of smaller government. I'd love to pay less taxes, but not if it means handing my kids a lesser America.

 

[Helix]

As in - if you spread the wealth around a little better - then you'll see much better economic growth for the whole nation.

makes sense. a vibrant working class means more active consumers; trickle up economics, if you will.

if most of the money is concentrated at the top, the wealth of the country is more vulnerable to the volatility of the market. and that's pretty much what we see happen every time so much wealth is concentrated among so few.

 

[Diving Mullah]

These peons can have my money when they pry it from my cold dead hand along with my gun.

excellent rebuttal!

Over 600,000 words in the English dictionary and the best you could come up with was a paraphrased quote from a dead, megalomaniac, mediocre actor?!?!

HMMM???!!

Diving Mullah

 

[Platypus]

The inequality in America is so extreme that it shouldn't even be an issue about resolving. It's simply ridiculous.
I don't support this but to give you an idea of what the economy is missing out on, could you imagine if ALL the wealth from the top% was distributed to the rest? The average person would be almost twice as wealthy!

 

[What if...?]

The inequality in America is so extreme that it shouldn't even be an issue about resolving. It's simply ridiculous.
I don't support this but to give you an idea of what the economy is missing out on, could you imagine if ALL the wealth from the top% was distributed to the rest? The average person would be almost twice as wealthy!

I think that would be a great idea!

Then if the fiscal elite are actually as much better than the rest of us they'll have no trouble getting it back!

 

[iliveonramen]

makes sense. a vibrant working class means more active consumers; trickle up economics, if you will.

Exactly, right before the Great Depression was the last time inequality was at the level it is currently.

 

[Tigger]

excellent rebuttal!

Over 600,000 words in the English dictionary and the best you could come up with was a paraphrased quote from a dead, megalomaniac, mediocre actor?!?!

Not intended as a rebuttal, simply a statement of fact.