Comments by "whyamimrpink78" (@whyamimrpink78) on "New Chart Shows Income Gains Overwhelmingly Going To The 1%" video.
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"The difference between my argument and yours, is that statistics and common sense support my statement. "
Well you haven't given me any statistics. Also, saying "common sense", to me, means you do not have an argument. If it is "common sense" then there will be no argument. However there is. People get PhDs discussion topics like these.
"You acknowledged it has a statistical impact, whereas Illegal Immigration, if there is any effect at all, is negligible at best."
I never said illegal immigrants. I said immigration. Why do you suddenly assume illegal immigration?
"Then again, I guess it's easier to preserve your disdain towards
Immigrants than it is to acknowledge that they aren't the root cause of
all of Americas problems."
I never said they were the root cause to the problem. I feel the root cause is the lack of following the Constitution and the expansion of the federal government. However, uncontrolled immigration does play a role. Or immigration in general will change society in many ways. Whether it is good or bad is another topic. But to say that immigration does not change society is simply ignorant. To me one way it did change was lowering the average wage. Again, not saying that is good or bad, just saying that is what happened.
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Fuh Que, is income inequality a major problem in this country? You have to ask yourself why does it exist to begin with? There are many factors to consider. Also, you have to consider is it even bad to begin with?
"Corruption within our Government is a MASSIVE problem that has been plaguing this Country for several decades. "
I agree. But that is a symptom of a disease. That disease is of a federal government with too much power. Limit the power of the federal government and corruption is alleviated. There is a desire to have government. But we have to control government. You do that by keeping it as local as possible.
"Corrupted, while, as the statistics in this video show, the rest have not seen consistent growth"
That statistic does not show anything about corruption in government. Stop listening to Kyle, he is a fool.
"When wealth is disproportionately being siphoned to the top 10%,"
Please, I beg of you, learn what wealth is. Wealth and income are different. In reality, wealth inequality in a country is good. How? In a wealthy country people can afford to go into debt before going forward. I have negative wealth. A homeless bum with no debt has more wealth than me. But our society allows me to have negative wealth and move forward later. Pointing out wealth inequality is not an argument unless you know what wealth is.
"Again, the answer should be common sense"
It isn't "common sense". As I said, people with PhDs argue over this.
"Any objective, unbiased research will lead you to the same conclusion."
Such as? At this point you are falling apart. I just showed you how wealth inequality is not necessarily bad. For example, you can look at my life in two different ways. I have negative with with college loans. You may view that as bad. However, I have my own apartment, a reliable car, I am a PhD candidate, and I am healthy. So I am well off. Our society is so well off we can allow people like me to regress in terms of wealth and then later do better. That contributes to the wealth inequality.
Please learn the difference between wealth and income.
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"Yes......It is bad. "
Why? Why is it bad if someone is vastly richer than me? If I am doing well than so what? I earn $23,000 a year. I have my own car, my own apartment, I am a PhD candidate. I am doing well in that regards if you completely ignore my income. People who complain about income inequality are, for the most part, jealous. You also have to consider that maybe they are rich because they grew society. For example, the CEO of Walmart 20 to 30 years ago earned more per employee than the CEO of Walmart does now. What that means is that while the CEO of Walmart earns a lot, they are also hiring more.
For example, a CEO of a company that has 1000 employees could have earned $1,000,000 (keeping simple numbers). Years later they could have 10,0000 employees and now earn $5,000,000. Sure, that CEO saw their salary go up by 500%. But they hire 1000% more employees. is that bad? More people have jobs. More wealth is being created to go around. So once again, is it bad?
Another example. If I were to create a new drug that cured diabetes I could earn millions. I will contribute to that income inequality. However, in doing so many people have a problem that is fixed and they can become more productive. Again, is that bad?
" The Government has ALWAYS been the most powerful entity in the Country"
That is not true at all. In reality the federal government had limits listed in the Constitution. The Constitution was there to limit government and in many ways it still does. For example, that is why states run their own education systems. That is why the military cannot enforce state law without consent of the state's legislature. This country was designed to have limited government.
"This talking point of minimizing Government and reducing/ridding
Corporate interests of their Regulations, has happened before. Maybe
you've heard about the 2 major instances of Governmental deregulation of
the Corporate sector: The Great Depression and The Great Recession?"
The Great Depression and Great Recession were times of government growth where the government grew in spending. During the Great Recession we had many regulations, the regulations just favored the banks such as the bailouts. That is a regulation. You fear these businesses when all a business can do is offer you a job and/or a product. They can't do anything. Government can though. During the recession the banks got bigger. That was not due to lack of regulations. That was due to the government. Bernie Sanders talks about breaking up the big banks. The free market did that. It was government that held them together.
" The level of Power our Government possesses, isn't the problem. "
Yes it is, because when you can't control it than it becomes corrupt. There is a desire to have government, but we have to keep it as local as possible to control it. That is why the Constitution was created to limit government as government has the actual power to oppress you.
"I didn't say that because Kyle also happens to believe it, again, common sense dictates it to be the Truth. "
Again, it is not "common sense" as there is an argument that is done by scholars.
" Federal Minimum wage, while working FULL TIME, still lands people below the Poverty line."
Less than 2% of min. wage workers work full time. Most are part time. And the vast majority of those earning $9.50/hr or less are not poor.
https://cdn.theatlantic.com/assets/media/img/posts/Sabia_Burkhauser_SEJ_Jan10.pdf
" Anyways, who benefits the most from Minimum Wage NOT being increased?"
The poor, such as teens from poor neighborhoods, particularly black teens. Raising the min. wage prices them out of the market.
" Increasing the MInimum wage and tying it inflation will not only
incentivise Corporations to NOT increase prices, but it will quite
literally put MORE money into the Economy."
More money in the economy does not mean more wealth will be in the economy. Money is worthless until it is given value by creating wealth. More money in the economy does not mean more wealth. Thus prices will go up. Even at that, Christina Romer said that if we had a $9.50/hr min. wage it will, at best, grow the economy by $20 billion. That is only a growth of 0.1%. Again, at best.
"Also, how about the fact that we spend nearly $200 Billion on Corporate
Subsidies (welfare) on corporations that, for the most part, Don't need
it,"
I don't agree with the subsidies. But that is another government regulations. If you want the federal government to offer you healthcare and and education you are going to have to live with them giving corporations subsidies. I want to strip the federal government of that power and give that power to the states and local government and thus the people.
" and increasing the Minimum Wage and Tying it to inflation"
You can't tie the min. wage to inflation because not everything inflates.
"Plenty of Scientists also claim that Global Warming doesn't exist,"
That is not related on this issue but to break that down for you every scientists knows that climate change is happening. What they disagree on is
1. how much is man playing a role
2. is it even bad
When you listen to these climate change fear mongerers like Kyle none of them can get an actual scientist on their show nor do they cite any scientist. That is because when you read the literature you will see that none of the scientists are saying it is a major threat to our planet. BTW, I am a scientist myself.
"Because Income leads to Wealth"
Production leads to wealth. You do not need income to generate wealth.
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"First, if you want to maintain this discussion, don't engage in
fallacious tactics. Claiming I in any way said it's bad that someone is
richer than ANYONE, and creating an argument against that point, is the
definition of a Straw Man. "
You said that income inequality was bad.
" The difference between what we are discussing, is to which DEGREE, is
it acceptable. If the top 20 positions in a Company are paying their
employees shit wages that land them below the poverty line simply so
they can siphon more profits into their own bank accounts, THAT is where
the problem arises."
Ever thought they can't afford higher wage?
"Currently, an estimated 45 million people are living in poverty in America."
Which is better off compared to other countries. Also, how many of those simply don't have a job to begin with?
"Say a CEO employs 1,000 at minimum wage, 20 years ago, and made
$1,000,000 in annual income. 20 years later, he employs 10,000 at
minimum wage, and has an annual income of $60,000,000. He employs more
people, so isn't it a great situation overall? "
It depends. Say they expanded their company with technology and they create a product that is now cheaper and better for the consumer. Society still benefits. That is comparable to my other example of me curing diabetes and becoming rich in doing so.
"Without taking into consideration that Minimum Wage WHILE working full time, lands people below the Poverty Line"
Most people earning the min. wage are not poor nor do they work full time.
"I agree with how the Government responded to the Great Recession. But
again, I'm talking about what CAUSED the Great Recession and Great
Depression. "
Recession happen. It is a part of economic growth. Ethiopia has not faced a major recession in over 25 years. Is that the economic model you want to follow?
"Please, explain to me how Government spending resulted in those crashes."
Never said they did. I said it hindered recovery. Recessions happen in a growing economy. How we recover is key. When left alone the economy, historically, recovers quickly.
" Using your argument, you would have to completely strip ALL power from
ALL Government entities (Local and National) in order to end the
corruption"
Not true. The more local government is the more control the people have over it. If your local government becomes corrupt you can rally to vote it out or move and still be a US citizen.
" In which case, the corrupting isn't needed, as Corporate Interests would have full control to begin with."
All a corporation can do is offer you a job and/or a product. For how evil Walmart is they have never held a gun to my head and forced me to do anything.
"If Federal control was dropped in favor of local control, the Local
Governance would simply be the primary target of Corrupting influences.
(Local Governments are already being corrupted, but Federal control is
the Primary target.) So your solution isn't even a solution at all. "
Yes it is. I personally met both candidates for mayor. I know what goes on in my city and state. I am involved. Become involved. That is your problem. You are complaining but not acting.
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"That is simply not true. According to the BLS, out of ALL full time
employees (Regardless of Wage) 2% make Minimum wage. Claiming only 2% of
minimum wage workers (exclusively) are full time, is complete bullshit.
"
Still, few workers are working full time on min. wage.
"Lol? They are ALREADY priced out of the Market. Raising the minimum wage
to the cost of living and tying it to inflation, literally, guarantees
that NOBODY will be priced out of the market."
Ok, what? Raise the price of gas to $10/gal. Will gas sales go up or down? Double the price of rent. Will more people rent? It is called basic economics. You raise the price of something less people will buy it.
"It is a Government regulation...because, get this....The Corporations
who receive the Subsidies, lobbied to get them. Again, Corruption is the
root cause. "
Nope, the government having the power that can be bought is the cause.
"You tie it to the inflation of necessities, also known as products that
effect the 'Cost of Living' (Groceries, Housing, utilities, etc.)."
A lot of things influence cost of living. So someone with a roommate who can walk to work should earn a lower wage compared to someone living alone that has to drive?
"I was using it as an example of how fallacious your reasoning is. And
yes, NOW most Scientists accept global warming, because the ones who
denied it, realized the evidence/public opinion was against them."
Not true. Again, I am a PhD candidate in physical chemistry. They have said climate change is happening.
" Look at Global CO2 emissions from before the first Industrial
Revolution, through the First and 2nd industrial Revolution and the
'Great Expansion' of the 1950's, and it's stunningly obvious that Human
involvement has been drastic"
100 years of data is minute in a 4.6 billion year old earth. Or are you a young earth theorist?
"The simple fact that you claim to be a scientist is only an attempt to make an 'Appeal to Authority' and nothing else. "
No, it means I understand how scientists think. Just like you trust 100 years of data in a 4.6 billion year old earth. I understand the magnitude of numbers and data.
"Production leads to income for the people producing and selling the
Product. Incomes (Or Wealth earned from a previous Income) are needed to
purchase and create products that can potentially increase ones overall
Wealth..please explain what you are attempting to say."
If the wealth does not exist you cannot buy it. More wealth means lower prices. You do not necessarily need more income.
I am explaining economics to you. However, considering how you do not understand that when prices go up less will be bought, it is going to be difficult.
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Dan Ryan, Niklas Hansen does not understand GDP. However, I addressed all of his arguments. I will do the same for you.
"There seem to be unlimited resources for the military to bomb other countries that have done nothing to us "
Defense spending is around 4% of GDP. The federal government spends more on healthcare than defense. Also, we do not spend a lot of resources to "bomb other countries". If we kept doing that there will be nothing left to bomb. And comparing healthcare to defense is ignorant. The resources are different. We lack doctors, surgeons, nurses, researchers, etc. All of which takes years of schooling and training to become one. The equipment in healthcare is expensive.
"The federal government would not RUN healthcare, only pay for it, stop with that tired old argument."
And then the healthcare industry, with the new demand, will just raise prices much like universities did with the student loan program.
"But worst of all is your callous comment about your child dying for lack
of coverage and the world moves on, we don't have money to help that
child so sad day for you."
Again, it isn't about money. It is lack of resources. Throwing more money at something does not increase the number of doctors in the system. Tell me, how is throwing more money at a system increase the number of doctors? Please explain that to me.
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"You keep mentioning the payroll tax, which is one of those taxes that is
actually regressive. That's the sort of thing I was talking about for
regressive taxes. "
If you want to remove the payroll tax then I agree as it is regressive. It has caused many problems such as healthcare insurance being healthcare and people not being able to choose their own healthcare insurance.
"If we have a federal government that collects spending and spends money
on it's citizens, it's socialism? You don't understand what that word
means. A socialist society by definition has no personal ownership of
private property like factories or other means of production. Just
throwing some wealth redistribution on capitalism isn't the same thing."
Clearly you do not understand what wealth means as wealth does not equal income. So it goes both ways. Are we a completely socialist society? No. But we are far from free market.
"The biggest issue with complaining about the federal government
specifically, is that it just pushes the argument back to the states. Is
the welfare state also bad when a state does it? Is it not socialism
anymore?"
The more local government is the easier it is for the people to control. Milton Friedman even said there is a desire to have government, as long as it remains the servants and not the masters. You do that by keeping as local as possible because in doing so you can personally see if your tax dollars are being spent well and you can see if politicians are working in your best interest.
If you look at the design of this country that is how it was designed. The federal government was there to serve the states, not the people. The states managed the federal government. The states served the people where the people managed the states. Too much government is just as bad as no government. Too much government is one that is big that the people cannot control. You can control a local government much easier than a large, centralized one.
"Money in politics is not just a federal problem. If you eliminate the
federal government, state representatives are still easily bought out.
Money in politics is going to be a thing as long as money=speech.
Limiting government can itself be a goal of lobbyists."
At the local level you can control government easier. And if a state or city government does not function well you can either
1. Go to local meetings and demand a change
2. Rally to vote them out as your vote has more power
3. Move to another state and still be a US citizen
"Private sector labor union membership is actually the lowest its been since 1932, "
I have not problem with unions as long as they do not corrupt government. The problem is that they also have corrupted government. Unions are great as there are situations of large companies that will just fire people without reason. When you have a large company of hundreds of thousands of employees they can fire someone and no one will notice. Giving workers protection is great in that case. However, when they corrupt government that becomes a problem.
"Public and private combined has been cut in half since 1983"
Public unions should not exist as it is legalized money laundering. Public workers are there to serve us.
"You underestimate how many people rely on things like Disability, Social Security, and Medicare/Medicaid,"
Rely? More like under the strict rule of the federal government. That is the problem. The fact that the simple idea of removing those programs will lead to a revolt means the government has us under control. Now you have politicians saying "vote for me or you will lose your social security". Think about that? That politician is there to serve us. However, we are serving him now. We are giving him a job where he can have great influence in our lives out of the threat of us losing our social security.
This is not to say that state welfare programs are all bad. But you have to consider who is controlling who.
"Which is it? Are taxes too high, or spending? If the deficit has
decreased, one of them must have decreased. Unless the economy is good
enough, which makes the whole "taxes are what kill the economy" claim
bullshit anyway."
There is more to it than that. To me taxes are too complicated. I support a tax on the states at the federal level. And spending is too high. Cut a lot of federal programs and give them to the states. Another advantage of state ran programs is that they can be micromanaged easier.
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"You make no sense. What point are you even making? I showed that
military spending is much larger now in real dollars and your point of
spending as % of GDP means nothing "
Because you are wrong. I earn $23,000 a year. That is poor in today's dollars. But in the early 1900s that was a lot. Yes, more money is being spent in defense. And more money is being spent in research, healthcare, education, buying cars, buying a door, buying a meal, etc. That is why you look at percent GDP. The GDP in 1950 was around $400 billion. Now it is around $18 trillion. The GDP is higher, so of course more money is being spent on defense in terms of real dollars.
"Hell, if you are being consistent, you would then conclude that
government spending increasing is a good thing since the GDP has
increased seven fold since social programs were implemented."
GDP was increasing to begin with.
Not to be rude but you clearly do not understand economics.
"Does population increase and correlated GDP increase warrant an equal increase in military spending and why?"
Defense spending has been dropping. In 1950 it was 10% of GDP, now it is 4% of GDP. Your question is bad at the beginning because defense spending is not increasing.
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