Income Inequality in America

Well, it ain't gonna change.

So get a helmet.

 

Give me an example where someone wishes to buy land to use for their business, but is incapable of doing so.

If I wanted to become a cattle rancher, I can buy land to raise the cattle on. Right now. And I can make a good profit.

If I want to start a factory? I can buy land, and make a profit on it. Right now.

So on and so forth. There are exactly zero landowners that are keeping me from making a profit on any enterprise I choose to pursue.

To make it really simple, I can go out, right now, and buy rental properties and become the landowner, at a profit!

This theory is bunk. It's gay.

 

There's a few problems with imports.

1. Their quality level is atrocious.

2. They're being made by foreign workers, when they should/could be made by American workers alleviating the US unemployment problem.

3. Not having American workers in the jobs reduces consumer spending, worsening the US economy.

 

Depends. The Japanese are able to build cheaper, more efficient, more reliable cars than we can, for a lower price.

Japanese cars are superior to American cars, in every way. And they cost less, to boot...

 

1. Of course you can stop companies from moving out of the US. Simply make it not economical to do so. By taxing that company for moving, and placing tariffs on their incoming goods.

2. You haven't shown why/how there is "a curve past which government revenues will decrease if taxes and wages increase". As I used to ask my economics students in class, "Upon what do you base that statement ?"

 

Are you kidding? Near where I live, a new rapid transit line has been built, vastly increasing land values. Houses that were worth $1M five years ago are selling for $3M as teardowns to make room for high-rise developments. But the developers find these land prices exorbitant, and the banks are leery of lending them the money to pay the greedy, idle, parasitic landowners' extortion demands.

??? HUH??!? You just said: you have to BUY THE LAND from them. They are indisputably keeping you from making a profit, because they won't let you use the land for your business unless you pay their extortion demands. You have just DIRECTLY STATED THE FACT THAT WE ARE RIGHT AND YOU ARE WRONG.

Maybe, maybe not. The point is, you can't use that land until you pay the landowner's extortion demand. If he weren't there, demanding money from you in return for nothing, you would be able to use the land for free. I'm not sure there is any clearer way to explain that to you.

This, from the fellow who just directly stated that it is objectively correct.

Incredible. How can one even communicate with someone who embraces such absurdity?

 

The law of diminishing returns, my dear child...

 

Doesn't have to be as long as govt makes the "move" uneconomical. The US govt has been negligent on this.

 

Many are better that American-made goods.

That's begging the question.

Maybe. But you need to think about comparative advantage.

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Nope. Totally inapplicable. You just showed you are economically illiterate. Again.

 

Roy, have you ever sold your skills, or your wares, on the free market?

 

Yes. And, oddly, it had no effect on the fact that you are an economic illiterate.

 

Now, you think you're going to tell me that I'm economically illiterate?!?

It is you fools who whine about how unfair the system is, who are economically illiterate. You don't get it.

You get left behind, because you don't provide anything worthwhile.

Look, I get that it sucks to be you. But that doesn't give you the right to rain on the parade of those of us who understand how to live.

Just end it. You're never going to be happy. You know it, and I know it. So just stop it. Throw in the towel.

 

So if you're still talking about GDP growth, you were answered way back in post # 85 (and a few successive posts) when you were told that GDP growth under Reagan sunk during the 80's and through 1991 (Reagan/Bush years) only to be rescued by a steady increase of GDP growth in the 90s (Clinton). And I've given you the source material, what ? 10 times now ?

You do know how to work the drop down menu in the Tradingeconomics.com site, don't you ?

Why do you ask ? I never said anything about that. And what does it have to do with what we've been talking about ? I used to have students who used to ask me weird, disconnected questions like that. Bit of a pain in the butt they were.

 

Hahahahahahahahaha!!!!!!!!

 

Since 1989, when Reagan left office, the best US GDP growth was 6.58%, in 1992. Which was under Bush's watch.

Reagan topped that number 6 times, in his 8 years in office. Clinton never reached it. Obama isn't even close.

 

But, GDP growth is a meaningless number.

It has absolutely no correlation to prosperity.

So stop using it.

 

HA HA HA. I just knew somebody was going to come bursting in here with Jap cars. Well, looking at Yahoo's list of Best Cars of for the Money of 2013, 9 out of the 20 (in different size and style types) listed are purely American. These winners are Ford Focus, Buick Verano, Buick Regal, Ford Fusion, Ford Fusion Hybrid, Ford Taurus, Ford Escape, Ford Edge, and Chevrolet Tahoe. The #1 top rated car was Buick Verano.

Looking past the cars though I can tell you that ever since electronic products started being made by overseas about 20 years ago, their quality has plummeted. I can't think of a single electronic thing I've bought (import) since then that hasn't broken down in at least one way. I had an RCA TV that just konked out after 2 years (back in the 50s and 60s we had TVs that lasted 10 times that long. I had a GE VCR in which the eject button fell into the unit and I couldn't recover it. I used to keep a pencil in front of the VCR, and would poke it into the hole to eject my tapes. The VCR rewind function also quit, To rewind I had to do rewind search (much slower). Then I had a stereo in which the CD player quit. Radio was OK. I have just the opposite with an Emerson boom box. CD payer fine. Radio station display gone bad.

How about clothes ? I buy belts made in Mexico. They last for a year, if I'm lucky. Buckles come apart, and stitching comes loose. Also have had problems with jeans made in Mexico. Rivets fall out, and handle on fly comes off. Before the days of imports, we NEVER had problems like this. Everything worked perfectly, and stayed that way for YEARS. Now when I buy things I look for a made in USA label, and I don't care if it's a couple of bucks more, in fact it often is the same price or cheaper (ex. Faded Glory jeans and Wrangler).

http://autos.yahoo.com/news/2013-best-cars-for-the-money-232519040.html?page=all

 

I'm not "using" anything. For the fourth time, I was responding to a guy farther back in the thread, who was talking about "massive growth". And I'll talk about whatever I choose to talk about.

 

I'll bet you're one of those laughers who think they know something about economics, and then goes around thinking that a small business can (or even should) raise its prices and/or lay off workers, in response to increases in costs (like raised taxes or increase in minimum wage) I say they can't do either of those, nor do they need to. Want to challenge me on it, laughing boy ? If so bring it on, and I'll give you a little education, free of charge.

HA HA HA HA HA!!

 

I tend to buy American, and more than that, I tend to buy local.

But that is a choice.

As far as cars go, Honda Civics, Toyota Camrys, and anything Subaru tend to last longer than anything else. And most of them are actually made in the USA. because of Ronald Reagan, and his threat to the Japs.

I'm a truck guy, and I drive Fords.

 

FALSE! Here are the GDP growth rates for 1991, 1992, and 1993 (no 6.58% there)

1991 - Zero, minus 3.5, minus 1.9, 2.7,

1992 - 1.7, 1.6, 4.5, 4.3,

1993 - 4.2, 4.3, 0.7, 2.6,

http://www.tradingeconomics.com/united-states/gdp-growth

Your statement about Clinton is also FALSE!

Clinton topped your 6.58 figure four times.

1996 - 7.1

1999 - 7.1

2000 - 7.4, 8.0

Also Clinton had a very respectable 6.1 in 1997.

 

Good for you. My last car was a Ford Taurus, and I drive a Buick Regal now. Great car.

 

Name one home electronics import brand of good quality. I'd to know if there is one.

 

Sony...