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Thread: Evolution of incomes of people in USA from 1949 to 2012

  1. #41
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    donttread's Avatar Senior Member
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    Just 40 years ago a couple could get married , raise a family, own a home and fund a retirement on one income with no investment of time or money in college. What the hell happened?

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    Quote Originally Posted by donttread View Post
    Just 40 years ago a couple could get married , raise a family, own a home and fund a retirement on one income with no investment of time or money in college. What the hell happened?
    Government decided to grow to protect us from cradle to grave, and the people got lost in the shuffle.
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    Quote Originally Posted by Peter1469 View Post
    You are always backwards. Maybe it is because you think the economy is a fix pie. If the rich take 90% of the pie the poor get 10% of the pie.

    That is not reality. The world doesn't work that way. If the poor near me have high speed internet, a smart phone, and a better car than mine I don't give a $#@! that I make 200X more than them. They are doing just fine.
    Well, more likely they live from pay check to pay check and spend everything that they have on the luxuries that make them feel like they are relevant. People who actually have money can be eccentric and throw tens of thousands or millions into savings or investments and appear to live like paupers but in reality have everything that they want. :shrug: People who learn to save will get ahead faster.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



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  4. The Following 2 Users Say Thank You to Dr. Who For This Useful Post:

    Green Arrow (09-27-2014),Peter1469 (09-26-2014)

  5. #44
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    donttread's Avatar Senior Member
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    Well put. However, it's part of an age old story that repeats over and over again. With each generation the halves use their money to buy influence to tilt the table ever increasingly in their favor.

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    Chris's Avatar Senior Member
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    Quote Originally Posted by donttread View Post
    Well put. However, it's part of an age old story that repeats over and over again. With each generation the halves use their money to buy influence to tilt the table ever increasingly in their favor.
    But where is the moral wrong here. That one employs one's wealth to seek favors? Or than another takes that wealth as bribe to take wealth from others?
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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    Quote Originally Posted by Chris View Post
    But where is the moral wrong here. That one employs one's wealth to seek favors? Or than another takes that wealth as bribe to take wealth from others?
    Well both. It's played out throughout history and almost inevitably leads to revolt, a reset and the process begins again

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    Quote Originally Posted by kilgram View Post
    Just I am going to post the graph. I don't have comments about it. The graph explains everything... Ah yes, one thing I have to say... Reagan is the greatest president...


    http://Source: Vox

    But I suppose that Liberals/Libertarians won't have any problem with those graphs. They support those changes. They hate equality.

    Edit: fix link.
    The graph is based off misleading data. It is from the French economist Thomas Piketty, and his work resulting in his latest book, Capital in the 21st Century. Even though many believe that his conclusions were incorrect, no serious person will discount the research that went into the book- he has done far more than most if not all economists in calculating economic data over a large time frame.

    There are many criticisms of his work, the one that directly affects this chart is government assistance. It isn't there.... Add in government assistance payments and those blue columns would be a lot higher than they are....

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    Quote Originally Posted by Peter1469 View Post

    There are many criticisms of his work, the one that directly affects this chart is government assistance. It isn't there.... Add in government assistance payments and those blue columns would be a lot higher than they are....

    Government assistance, huh?

    is that all?

    you guys had me worried for a while that there might be something wrong with our economy.

    but I guess that as long as the welfare state can take from the rich and give to the poor we have nothing to worry about.

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    Quote Originally Posted by Mac-7 View Post
    Government assistance, huh?

    is that all?

    you guys had me worried for a while that there might be something wrong with our economy.

    but I guess that as long as the welfare state can take from the rich and give to the poor we have nothing to worry about.
    I am not sure what you are getting at. You seem to be making some sort of emotional appeal in response to my statement of fact: Piketty did not include government assistance payments in his graph that purports to show increased inequality.
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    Quote Originally Posted by Peter1469 View Post
    I am not sure what you are getting at. You seem to be making some sort of emotional appeal in response to my statement of fact: Piketty did not include government assistance payments in his graph that purports to show increased inequality.
    I appreciate you pointing that out.

    At least we have a clearer picture of what is wrong.

    The socially liberated left, which is often one and the same with the economic left who worship socialism like to discount the 50's as a bad decade when their own chart shows that it may have been the best time in recent American history.
    Last edited by Mac-7; 09-27-2014 at 06:24 AM.

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