MrRodgers
Posts: 10542
Joined: 7/30/2005 Status: offline
|
quote:
ORIGINAL: Edwird So while investigating or considering how to respond to all the "it's just math," "it's just econ 101" ignorance . . . The first legitimate econ classes start at the 200/201 level. The required math once getting to or beyond the 300/301 level involve better algebra or 'basic calculus' and statistics and probability."Basic math" for the smart kids, not so "basic" for others (like me, e.g.) Both the econ 200/201-300/301 level classes (even at the University of Chicago) explain that those of lower income put a much higher % of paycheck into the economy than the few who get a $26 million bonus as reward for destroying the economy and destroying the long-accumulated wealth of millions of US hardworking citizens. Pay attention- The lowest quintile spend all they've got, no matter what, there's no way around it. The next quintile spend all they've got if they have one kid, no way around it. In either case, paycheck could be increased 50% and it's still all gone. In terms of increase in aggregate spending by way of increased income of those bound by circumstance to spend greatest amount (by percentage) of 'disposable income,' how could we go wrong by increasing availability of funds to that purpose, considering that there are many more useful and productive workers than there are financial shysters and other siphons of wealth? But all we've got is the Huns Ichan and Ackerman calling the soldiers to log-ram the gates of corporations who've done all the research and dirty work beforehand, as the invaders yell "You've got too much cash! We want it!" Yeah, that's just not going to work, here, if anybody's serious about it. So then, we just sailed along when deregulation led to destruction of millions of jobs and trillions of wealth, Billions of reward to the winners of bailouts. But paying $15/hr. to people actually making themselves useful to so society will be the destruction of us all. Got it. Results ? The top 1% have more wealth than the bottom 50%. Not a whole lotta dollar velocity there. Look, debaters, observers (forget economists for their jargon, they all just seek to be mainstream to get a real job if they can) understand that 'economy' whatever the fuck it is, is to be served by society. In the US, economy need not...serve society.
_____________________________
You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great Under capitalism, man exploits man. Under communism, it's just the opposite. J K Galbraith
|