Thread: The Real Causes of Income Inequality

Originally Posted by dnsmith

The accountants and other professionals, if worth their salt, were 1%rs and could care less. The factory workers making excessive wages (relative to consumer intent to buy) had nothing to say about it. Remember, 40 years ago there were not a lot of foreign autos in the US. The introduction of lower priced foreign cars got the Japanese auto makers in the door. Don't forget, with only 12% of our labor being union, the majority of consumers buying their product are not union and certainly not part of the 1% and many can't afford to buy union goods. Try again, this one fell flat!

The Japanese got market access ... while not giving it. Relative wages were acceptable for conducive trade. The Japanese had better quality products then their American competitors. The US wouldn't catch up until quality principles were accepted in the US (Deming, Kaizen, ...)

While no supporter of unions myself ... market access is always the key. I had no problem with Japan ... other then pretending we got market access there. China on the other hand says it was nothing more then a way for more profit and a means to undermine labor in America. This is clearly demonstrated by the results ... exactly as one should expect. Given that rational why is it important for a nation to extend property rights to a foreign nation ... when it clearly damages your own nation?

Why should I trade my nations prosperity for another nations lack of prosperity ... to protect the interests of a few of my own countries wealthy ... who think their property rights include foreign access to market ... which damages our society?

Relative price means nothing when small business, unemployment, lost government revenues, loss of prosperity ... occur.

Originally Posted by thanatos144

What bullshit. Mt graqndparebts had to save for months to buy a washer......I can pick one up for 350 bucks....Dont tell me that shit isnt cheaper cause reality shows the truth....

If you want a washer that costs $350.00 today you'll get the same features as one that cost $350.00 in 2000.

Originally Posted by USCitizen

If you want a washer that costs $350.00 today you'll get the same features as one that cost $350.00 in 2000.

With inflation as it is I would say that Is a damn bargain with the dollar being so weak.

Originally Posted by USCitizen

Oy! A TV is NOT a washing machine, a dryer, a refrigerator, an air conditioner, and countless other things that I have ALWAYS considered necessary appliances.

When is the last time you saw an air conditioner made in the US? Most of those appliances ARE manufactured overseas or in Canada. Youngstown, Ohio and Amana, Iowa plants are almost completely shut down. The last washer/dryer I had in my RV was Italian.

Necessities have NOT come down in price.

Many have.

And I hate to say it but we've been shipping STEM jobs to that caste saturated waste land called India since around 1986 and they've accomplished NOTHING except to take away OUR jobs.

Without the US consumer base, India would collapse in short time because they are NOT the land of opportunity they are touted.
The Southern and Northern Indians hate each other with a passion and their caste system is almost mafioso like.
I know, I worked with them and the super humans are as unintelligent and lazy as their American counterparts.

Obviously you know very little about India and Indians, so there is no point discussing that issue any more.

Originally Posted by thanatos144

With inflation as it is I would say that Is a damn bargain with the dollar being so weak.

All currencies are weak as NO nation escaped the derivatives fiasco.
However, we are still left with fewer and fewer jobs and ever increasing prices.

Originally Posted by USCitizen

All currencies are weak as NO nation escaped the derivatives fiasco.
However, we are still left with fewer and fewer jobs and ever increasing prices.

They are weak cause they are all doing as you say they should.....Rape the rich to pay for everyone.

Originally Posted by thanatos144

They are weak cause they are all doing as you say they should.....Rape the rich to pay for everyone.

Name me a major Wall Street director or CEO who lost out due to the 2008 crash.
I'll wait for the non-existent list.

Originally Posted by thanatos144

They are weak cause they are all doing as you say they should.....Rape the rich to pay for everyone.

Actually the printing machine / money devaluations are a result of deindustrializing ... become a net importer. To drive imports down and increase exports ... devalue. The resultant is that deindustrializing increased profits and margins for MNC's / rich. Now you get to devalue your dollar to support those actions.

So call it rape the nation or rape the middle class to support the rich, then give food stamps to those you raped ... which you would call raping the rich.

Originally Posted by dnsmith

Obviously you know very little about India and Indians, so there is no point discussing that issue any more.

Yeah, only worked with them from 1986 through 2001 and my wife has co-workers from Northern India who told ME about how much they hate each other and how their caste system keeps them in the mud stage.

Originally Posted by michael h

Actually the printing machine / money devaluations are a result of deindustrializing ... become a net importer. To drive imports down and increase exports ... devalue. The resultant is that deindustrializing increased profits and margins for MNC's / rich. Now you get to devalue your dollar to support those actions.

So call it rape the nation or rape the middle class to support the rich, then give food stamps to those you raped ... which you would call raping the rich.

Commie! Marxist! Nazi! Fascist!
They're all better then us!
Couldn't help it.

Originally Posted by USCitizen

Name me a major Wall Street director or CEO who lost out due to the 2008 crash.
I'll wait for the non-existent list.

If the business when under I would say they lost.....They lost a job. But you want them living in a cardboard box cause they made more than you and had a nest egg.............Sorry again making money isn't evil. Yet jealousy is a obsession.

Originally Posted by thanatos144

If the business when under I would say they lost.....They lost a job. But you want them living in a cardboard box cause they made more than you and had a nest egg.............Sorry again making money isn't evil. Yet jealousy is a obsession.

None of them lost a thing because they executed many illegal transactions and collected their commissions.
They gamed the system and won to the loss of many investors who entrusted them with their income and savings.

I do not want anyone in a cardboard box.
I want them to at least be tried and if found not guilty so be it.
If found guilty, I prefer them to be in prison.

But you SEEM to admire such behavior.
Interesting for a guy who seems to value honesty and integrity.

Originally Posted by USCitizen

Commie! Marxist! Nazi! Fascist!
They're all better then us!
Couldn't help it.

We are currently devaluing the dollar for just this reason ... reality in action.