What’s behind inequality?

[Vadinho]

wrong of course its competitive like any business. You have to beat the competition. Now do you understand?

Boy, you really like banks. Now what if I told you we could run the economy without private banks. No interest, no debt, just money coming directly from the original source of money, the government. We could do it but then we would destroy Wall Street and all the various businesses that rely upon private money creation (lending) and interest incomes. Before you protest, take a look at how Hitler turned Germany into a juggernaut in the span of three years after he took money creation out of the hands of the banks and told them all to go f themselves.

 

[James972]

Now what if I told you we could run the economy without private banks.

where would we save our money? where would we get loans? how would we add money to economy?

 

[Masterhawk]

I think income inequality is a problem. There are several things that have contributed to it over a long period of time. To do anything about it our leaders and the executive branch of government have to recognize that it is a real threat to American stability. Technology has changed the American workplace over a period of time requiring fewer workers. Labor unions have declined in the US and all over the world so much so that their are fewer organizations advocating for the worker. Cheap labor in other countries forces American companies to keep costs low in order to compete with them. America's share of global wealth declines as other countries wealth increases. American companies have things made in other countries where labor is cheap debasing and hurting manufacturing in the US. America has lost many manufacturing based jobs which were high paying jobs. Those lost jobs have been replaced by service industry jobs which are low paying jobs.

U.S. Income Inequality: Facts, Causes, Solution


This study lays out some of the stark facts of the problem. I don't know that I agree with some of its conclusions and solutions but I believe it gives a better understanding of the magnitude of the problem.

Some of the figures laid out by the study:

25% of American workers make less than $10 per hour. Less than the federal poverty level. Most probably without benefits.

And yet not that many workers are making federal minimum wage or less
How many people in each state make minimum wage or less - Business Insider
Even the state with the highest percentage (Kentucky) has one of only 4.4% so some states having a higher minimum wage doesn't entirely explain it.

 

[Mircea]

Boy, you really like banks. Now what if I told you we could run the economy without private banks. No interest, no debt, just money coming directly from the original source of money, the government. We could do it but ...

...you'd destroy the economy with rampant Monetary Inflation.

Good luck with that.

 

[James972]

25% of American workers make less than $10 per hour. Less than the federal poverty level. Most probably without benefits.

No mystery at all. Wages are booming in China where liberals sent all our jobs, but they now have a solution: tear down the immoral wall and let another 30 million illegals in to compete against American workers for the remaining jobs!!

 

[Logician Man]

No mystery at all. Wages are booming in China where liberals sent all our jobs, but they now have a solution: tear down the immoral wall and let another 30 million illegals in to compete against American workers for the remaining jobs!!

Why do you think your like to post ratio is just .045 percent ? Do you now understand why you aren't taken seriously ?

 

[Vadinho]

...you'd destroy the economy with rampant Monetary Inflation.

Good luck with that.

I cannot understand how creating money without charging interest for it creates inflation. Are you suggesting that banks consider inflation when they loan out 9 phantom dollars for every dollar in their reserves?

 

[James972]

Why do you think your like to post ratio is just .045 percent ? Do you now understand why you aren't taken seriously ?

No mystery at all. Wages are booming in China (not in America) where liberals sent all our jobs, but liberals now have a solution: tear down the immoral wall and let another 30 million illegals in to compete against American workers for the remaining jobs!!

 

[James972]

I cannot understand how creating money without charging interest for it creates inflation.

econ 101: What would happen if the govt sent everyone $1 million dollars tomorrow??

 

[Logician Man]

No mystery at all. Wages are booming in China (not in America) where liberals sent all our jobs, but liberals now have a solution: tear down the immoral wall and let another 30 million illegals in to compete against American workers for the remaining jobs!!

//// tear down the 'immoral' wall /// Walls are inanimate objects. Walls, in and of themselves, are neither moral or amoral. Do you understand now ?

 

[James972]

//// tear down the 'immoral' wall /// Walls are inanimate objects. Walls, in and of themselves, are neither moral or amoral. Do you understand now ?

Nancy said the wall was an immorality therefore she wants to tear it down and let in another 30 million to bid down our wages still further. Is she speaker of America or Mexico?

 

[Logician Man]

Nancy said the wall was an immorality therefore she wants to tear it down and let in another 30 million to bid down our wages still further. Is she speaker of America or Mexico?

Try your deflections and red herrings elsewhere and work on your comprehension of the English language. FYI, she is neither of the two. You're struggling even more than usual.

 

[James972]

Try your deflections and red herrings elsewhere and work on your comprehension of the English language. FYI, she is neither of the two. You're struggling even more than usual.

Nancy said the wall was an immorality therefore she wants to tear it down and let in another 30 million to bid down our wages still further. Is she speaker of America or Mexico?

 

[Vadinho]

econ 101: What would happen if the govt sent everyone $1 million dollars tomorrow??

If we all tried to buy the same product and there was excess capacity and competition, they would sell more of it. Now if there was limited supply, the price would rise. Econ 101. Say the product we all wanted was beach sand, each of us was sitting on a mountain of beach sand and each of us had 1 million dollars. Do you think the price of beach sand would go up? Now what if instead we wanted to buy the same diamond. Of course we would bid the price up. Econ 101. What you do not understand is that inflation is tied to supply and capacity to fill demand. BTW, there already is trillions of dollars in the market right now, has not pushed up prices much at all has it? Does the world have excess capacity right now for a wide range of goods and services? Yes. So until that capacity is filled up, the price will remain relatively stable or even go down due to increases in efficiency.

 

[Logician Man]

Nancy said the wall was an immorality therefore she wants to tear it down and let in another 30 million to bid down our wages still further. Is she speaker of America or Mexico?

define -----> /// speaker of America or Mexico ///

 

[James972]

define -----> /// speaker of America or Mexico ///

If Pelosi wants 30 million more illegals here she cares more about Mexican getting jobs than Americans so we might wonder if she is actually speaker of Mexico
rather than USA

 

[James972]

If we all tried to buy the same product and there was excess capacity and competition,.

??? we all need many products so goofy to assume we would buy one.

 

[James972]

BTW, there already is trillions of dollars in the market right now, has not pushed up prices much at all has it?

Were talking of adding $330 trillion to cash money supply which is 10 times GDP so we would expect prices to rise time times. 1+1=2

 

[Vadinho]

??? we all need many products so goofy to assume we would buy one.

Can you do the hard work to consider that my example is just as true for one product as it is for thousands of products? In fact, the risk of driving up prices diminishes with the number of available products or alternatives. Is this difficult for you?

 

[Logician Man]

If Pelosi wants 30 million more illegals here she cares more about Mexican getting jobs than Americans so we might wonder if she is actually speaker of Mexico
rather than USA

Wondering is one thing. Verifying is another thing. ( a thing that requires a citation for validation ). Can you provide a credible citation she is 'actually speaker of Mexico' ?. YES or NO is all that is required...thx in advance for any citation you 'may' produce to support your rather dubious supposition in the above post.

 

[James972]

Try your deflections and red herrings elsewhere and work on your comprehension of the English language. FYI, she is neither of the two. You're struggling even more than usual.

so you're saying that by encouraging another 30 million illegals to come here to drive down our wages still further it means she does not secretly work for Mexican govt?

 

[James972]

Can you do the hard work to consider that my example is just as true for one product as it is for thousands of products? In fact, the risk of driving up prices diminishes with the number of available products or alternatives. Is this difficult for you?

$330 trillion would multiple prices 10 times and cause a depression and inequality.

 

[Vadinho]

Were talking of adding $330 trillion to cash money supply which is 10 times GDP so we would expect prices to rise time times. 1+1=2

So if a one time infusion of 22 trillion dollars of cash were to happen all at once, it would put that 22 trillion in the hands of tbill owners. Those Tbill owners once had that 22 trillion in cash deposits. Most of the debt is not long term debt, it is short term debt that rolls over but lets say that tomorrow, every single owner of a Tbill got their money back. What would happen? Well, since these same people decided not to spend their money or invest it in something else, they would search for something that could provide the safety and returns of a Tbill. They might buy EuroBonds or make deposits into banks but do you really think all these mutual funds, pension funds, hedge funds, bond funds, corporations, etc. would say to themselves:

Gee, I invested in Tbill because I wanted safety. Now that I have that cash, I think I will buy something with it.

Well, if you believe that then why roll over Tbills? But lets say they actually spend it. Since we have massive capacity to produce goods and services, it would put millions to work supplying those goods and services. Now, they could decide to buy up real estate and this is where it would definitely have an affect on prices.

 

[James972]

So if a one time infusion of 22 trillion dollars of cash were to happen all at once, it would put that 22 trillion in the hands of tbill owners. Those Tbill owners once had that 22 trillion in cash deposits. Most of the debt is not long term debt, it is short term debt that rolls over but lets say that tomorrow, every single owner of a Tbill got their money back. What would happen? Well, since these same people decided not to spend their money or invest it in something else, they would search for something that could provide the safety and returns of a Tbill. They might buy EuroBonds or make deposits into banks but do you really think all these mutual funds, pension funds, hedge funds, bond funds, corporations, etc. would say to themselves:

Gee, I invested in Tbill because I wanted safety. Now that I have that cash, I think I will buy something with it.

Well, if you believe that then why roll over Tbills?

what???? we were talking about govt giving each American 1 million. Do you understand?

 

[Vadinho]

what???? we were talking about govt giving each American 1 million. Do you understand?

I was talking about the total federal debt here, not 330 million people with one million dollars. I got it mixed up due to another post about the debt of the US. But lets say we all did get a million dollars. I had a million dollars in cash a few years ago. I bought a house. Do you think I would have spent one million dollars at Amazon?