Thread: The Real Causes of Income Inequality

Originally Posted by dnsmith

Your entire post is such a mangled mess of leftism it is not worthy of a thought out response. Suffice it to say, you belong in a world with US Citizen because you certainly do not have any interest in the rest of the world. Your reference to our "golden age" relegated 3rd world country workers to continued poverty by using up their resources and paying them chicken feed in return.

BTW, under Reagan our GDP went up by over $2 trillion; one of our most effective presidents ever.

AND BTW, I do not believe Reagen would have bought into this offshoring of the engine that played an important role in creating our middle class after ww2. Yet, with him, came the cons that would do such a thing. During Reagens terms, we were not sending industry in large measure to cheap labor. And my money says, we would have seen that GDP increase, if a Dem had been elected. It was due, after the energy crisis of the 70's that really hurt america. Do you even remember it?

Originally Posted by dnsmith

There is a huge difference between socialist/ism than transferring jobs to third world countries. In theory, though it takes some time for the trade to be equally positive for both trading parties, yet it is not the same thing as transferring wealth to those countries. It is more like equalizing the standards of living over time.

The standards of living between the US and China are being equalized at the expense of the middle class and the future of Americans. It is a socialistic transfer of wealth to the Chinese when we become credit card users and lose our productivity. You take Americas market and give it to China ... Americans get poverty ... the Chinese get prosperity.

Originally Posted by dnsmith

Yes, 2nd generation, but still a family of recent migration.

American.

Originally Posted by dnsmith

Are you saying you want the US to go back to isolation and protectionism? I sure as hell hope we do not.

Shitcan the bad trade agreement ... China ... dumping bad trade agreements is not isolationist ... its just good business for a country.

Originally Posted by Blue Doggy

It is not my fault that folks like you have taken leave of their senses.

ROTFLMAO

If we had seen the middle expanding under this new model that you embrace and defend, that would prove you know what in the hell you are talking about.

You are right, I know what the hell I am talking about.

We have not seen an expansion, as population grew, instead we have more and more working people on fucking social safety nets that do not want to be there. So, until there is observable proof this new economic model is an improvement, you have a hand at poker that isn't a winner. It is time you acknowledged that, sir.

I'll answer you after you answer one question for me. Are those workers as bad off as the middle 300million Indian middle class?

If average americans prospering is being LEFT, thank GOD, I am LEFT and not RIGHT.

You can thank the moderates like me that most of America is prospering.

You just reaffirm to me what your side is all about, and it doesn't include the majority that make up this nation. But, your propaganda is excellent! You make Goebbels real proud as he burns in hell.

At least I am not a fanatic left wing nut or fanatic right wing nut and I represent what used to be called the silent majority and it was we who you can give credit for building the American economy. Left wingers take from the productive to give to the unproductive. IE you take from capital to give to the American who can't take care of them selves, but not because they are physically or mentally disabled, because they CHOOSE not to be productive. I agree with taking care of those who cannot work, but those who can should be made to do work for the government to earn their welfare. One more think I have notices from you and your ilk is your altruism stopping at our border. A truly progressive liberal person is concerned for all people every where. Your views about economics is what got us into this mess.

Originally Posted by michael h

Shitcan the bad trade agreement ... China ... dumping bad trade agreements is not isolationist ... its just good business for a country.

If it is not free trade it will harm our economy in the long run.

Originally Posted by thanatos144

A verging capitalist country....The Leadership in China as like all left leaning people haven't realized they already lost the country....You can thank Nixon for that by the way

So if they become "capitalist" a "gain" ... is it worth the destruction of Americas economy? Ally or no ally when comparative advantage is lost ... so is the benefit of that trade.

Great economists who tend to agree with my economic philosophy. (Not all of course as I am quite capable of thinking for myself)

Bruce Bartlett, Tyler Cowen, Doug Holtz-Eakin, David Stockman to name a few. The problem with economists in general is, they tend to want the country to do with its economy the same thing they would do for their own economic advantage, and all of them, left and right with the moderates in the middle think in terms of short term goals rather than the long term goals needed to sustain the Global Economy. They all have some good ideas, but they wrap themselves so tightly in there own narrow views it is impossible to glean a useful long term system for the growth of the US AND the rest of the world.

Originally Posted by dnsmith

If it is not free trade it will harm our economy in the long run.

Trade with China has put most western economies on the brink with lost prosperity. You miss one important point ... the economy has already been harmed and how long will it take for China to build its economy to the point that there is a benefit to America? It's less then a direct swap of wages ... profit margins increased ... so in the end less money went to labor.

Businesses don't support losing ventures ... why should a country not act in the interest of its citizens? Corporations act in the interest of stockholders.

Originally Posted by michael h

So if they become "capitalist" a "gain" ... is it worth the destruction of Americas economy? Ally or no ally when comparative advantage is lost ... so is the benefit of that trade.

There is no way China as it is, or as what it is becoming will destroy the US economy. What it is doing is one of the first step in creating a global economy in which all people can have a decent standard of living. We need to get rid of the greed which suggests we are the only ones in the world who should live high on the hog.

Originally Posted by dnsmith

Great economists who tend to agree with my economic philosophy. (Not all of course as I am quite capable of thinking for myself)

Bruce Bartlett, Tyler Cowen, Doug Holtz-Eakin, David Stockman to name a few. The problem with economists in general is, they tend to want the country to do with its economy the same thing they would do for their own economic advantage, and all of them, left and right with the moderates in the middle think in terms of short term goals rather than the long term goals needed to sustain the Global Economy. They all have some good ideas, but they wrap themselves so tightly in there own narrow views it is impossible to glean a useful long term system for the growth of the US AND the rest of the world.

That's way off base. Most economists support free trade and tout its benefits as do bankers. Acting nationalistic is a minority of thought to any economist.

Originally Posted by dnsmith

There is no way China as it is, or as what it is becoming will destroy the US economy. What it is doing is one of the first step in creating a global economy in which all people can have a decent standard of living. We need to get rid of the greed which suggests we are the only ones in the world who should live high on the hog.

I'm not the rest of the world and bankers and industrialists didn't seek to develop the rest of the world ... they sought to use the rest of the world as a resource. The IMF has raped nation after nation to acquire resources over development. America has not been a net exporter in decades to increase trade with other nations in seeking disintegration. On the other hand governments have raped their own populations as a choice rather then develop their own countries.

Originally Posted by dnsmith

There is no way China as it is, or as what it is becoming will destroy the US economy. What it is doing is one of the first step in creating a global economy in which all people can have a decent standard of living. We need to get rid of the greed which suggests we are the only ones in the world who should live high on the hog.

This still sounds like a socialist appeal to impoverish Americans so the rest of the world doesn't have to work to build their economies.