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| | #152 (permalink) |
| Banned Join Date: Mar 2010 Location: Melbourne, Australia
Posts: 12,751
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I just got back from the city, where they have been staging an "Occupy Melbourne" event there. I didn't know it was on, but I went and had a look and from the outside it looked like a hippie market, with stalls and food and drum sessions...a great big black kewpie doll representing "mutant corporations" which I took photos of, but don't have the cord to transfer it onto here. Basically, I found the circle where all the intellectual, academic people were sitting and taking turns to talk about why they were here and apart from all the head nodding and hand clapping going on, I got the feeling many people there were very stoned and not really with it. It took them four days just to get to the point where they were discussing why they were actually there, and getting clear about it...so I thought that was a bit funny. There were a lot of socialists there, and they love to sit around talking about the issues and what's wrong, but very little action. It's good that people are talking at least and brainstorming, but it didn't have the feel of revolution to me...? |
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| | #153 (permalink) | |
| Banned Join Date: Mar 2010 Location: Melbourne, Australia
Posts: 12,751
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It seems more like a commentary session as though we were all journalists keeping track of the event and reporting to everyone., and having little squabbles in between info. | |
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| | #154 (permalink) | |
| Family Member Join Date: Apr 2008 Location: NEW ENGLAND!!!!!!!
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| | #155 (permalink) |
| Banned Join Date: Nov 2006
Posts: 9,613
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Interesting article. Although I have to say that it is rather misleading in some ways. For exmaple, it talks about the "top 1%" and then it talks about CEOs. This is misleading because CEOs do not represent the average person in the top 1% of the population. CEOs are a much rarer species. Let's put it this way. Suppose the average big corporation in the US (something like American Airlines, or Cargill, or Bank of America, or Caterpillar) has 100,000 employees. The CEO is the top guy, out of 100,000 employees. So it is much more accurate to say that the CEO represents the top 0.001% of the population, rather than the top 1%. In other words, the CEO category is 1000 times more exclusive than the 1% category. The average guy in your top 1% is probably just some ordinary doctor or lawyer. Last edited by Acting Like Godot; 10-18-2011 at 10:59 AM. |
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| | #156 (permalink) | |
| Family Member Join Date: Mar 2010 Location: Fort Lauderdale, Florida
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| | #157 (permalink) | |
| Senior Member Join Date: May 2011
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Doesn't sound too bad to me. It amazes how many of the people protesting are stoned hippies and people who choose not to study and work hard to make a better life for themselves. I know there are plenty of people who have lost their jobs and/or taken pay cuts because of the recession caused by the crashing of the financial system. I was one of them last year when I couldn't find a contract for nearly 6 months and almost went bankrupt. I never blamed that situation on anyoine else or expected anyone else to take responsibility for my life situation though. Come December I'll be out of a contract again so I've booked 3 weeks of intensive study and 4 exams so that come January I can go out and get a £500+/day contract. That's my decision to invest that time and money into developing myself so I can then go out and make a ton of money to plough into my trading business and become financially free. When I've reached that goal I'm sure there will be plenty of stoned hippy socielists who have chosen to not do anything like that who will believe it 'unfair' that I'm in the situation I'm in. I chose my path and they chose theirs - no one's forcing anyone down any path. There are jobs and opportunities there for anyone who wants them. I'll get a very good one in January, don't know what it will be yet but I'll get one. I've had nothing given to me and don't want it - just following my plan and working hard to get into the 1%. If you want that for yourself what's stopping you from making a plan and following it? | |
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| | #158 (permalink) | |
| Banned Join Date: Nov 2006
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Sure, they are in the top 1%. But within the top 1%, they are the top 0.1%. That is, they are the top 0.1% of the top 1%. Let me explain that again. Pick 100 random Americans. The top earner among them can be said to be the top 1%. Pick 1,000 random Americans. The top earner among these 1,000 people can be said to be the top 0.1%. Pick 10,000 random Americans. The top earner among these 10,000 people can be said to be the top 0.01%. Pick 100,000 random Americans. The top earner among these 100,000 people can be said to be the top 0.001%. Now, if the CEO is the top earner in a company, and the company has 100,000 employees, then he is the top 0.001%. This is already a stringent way of looking at it, since if you take the 100,000 employees as a proxy of the American population, you are already assuming that there are no unemployed people in the populaton. If you wanted to include the unemployed folks, the CEO becomes even more "top". | |
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| | #159 (permalink) | |
| Family Member Join Date: Mar 2010 Location: Fort Lauderdale, Florida
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Bill Gates is the top .001%. CEO's, are in the 1%, if not somewhere between 1-5% depending on what company they run. | |
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| | #160 (permalink) |
| Banned Join Date: Nov 2006
Posts: 9,613
| Let's be even more precise. Forbes 2011 says that there are 200 billionaires in the USA. Meanwhile the population of the USA is about 310,000,000. Therefore billionaires represent about 200 / 310,000,000 of the population. Approximately the top 0.00006%. Which is much more exclusive than merely being in the top 1%. |
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| | #161 (permalink) |
| Banned Join Date: Nov 2006
Posts: 9,613
| That's not very precise. If Bill Gates is the richest man in the USA and the U.S population is 310,000,000, then Bill Gates is actually the top 1/310,000,000 x 100% or the top 0.00000032% of the population. To say that Bill Gates is in the top 0.001% merely suggests that he is some sort of average CEO .... instead of CEO of the largest or second largest company (by market capitalisation) in the whole world (not merely the USA). |
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| | #162 (permalink) | |
| Member Join Date: Jul 2011 Location: Just west of Westerville
Posts: 95
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The rich get richer and the poor get poorer. The poor can't get any poorer, they have zero or many times a negative net worth. That is unlikely to change anytime soon. Just by inflation of money alone the wealthiest will be getting wealthier over time so of course there will always be a growing discrepancy between them. Now just for full disclosure, I do believe like Warren Buffet that the super rich do not pay their equitable share of taxes, although you have to look at much finer gradation of wealth to see the discrepancy. It’s the wealthiest top .3% where you start getting into the population (IMHO) that aren't paying their equitable share of taxes. The next question is what to do about it. Raise the taxes on the top income bracket? Something else? I do have an idea on how to address it but wonder what others think we should do. Last, is the American dream dead? I know here in the Midwest where I live you can get an absolutely beautiful large house in a well to do community for roughly 180,000. This is the kind of home that people in many other countries would consider to be huge by their standards. Two people making 35,000 a year can afford that kind of home here. Two people without a college degree can work their way up to 35,000 a year. You could work at McDonald's and reach roughly that salary by working your way to store manager over say 10 years. Is it a little tougher to carve out your piece of the American pie now a days? Hell yes. Is it still doable? That’s a big yes as well. Last edited by Spinoza; 10-18-2011 at 12:22 PM. | |
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| | #163 (permalink) |
| Member Join Date: Jul 2011 Location: Just west of Westerville
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I saw a documentary last night that kind of made we want to join the protests. I'm not a huge believer in corporate cronyism but I have to say if half of what was presented in the documentary was true some people in the FDA need to get their asses kicked. It seemed to show clear proof that the drug industry has way to much influence over what government is doing. Stanislaw Burzynski - Wikipedia, the free encyclopedia The documentary was called "Burzynski, Cancer is Serious Business" " |
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| | #164 (permalink) | |
| Family Member Join Date: Mar 2010 Location: Fort Lauderdale, Florida
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| | #165 (permalink) | ||
| Senior Member Join Date: Jun 2007 Location: Montreal Canada
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| | #166 (permalink) | |
| Family Member Join Date: Mar 2010 Location: Fort Lauderdale, Florida
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If pretty much everyone misinterpreted it, then perhaps the majority read it correctly, and you wrote it wrong? | |
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| | #167 (permalink) | |
| Senior Member Join Date: Jun 2007 Location: Montreal Canada
Posts: 735
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EDIT: You don't have to stop your life to support them either. You can always go down and check it out for a bit. Give donations or give time. And you can go on with your plan as well. | |
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| | #169 (permalink) | |
| Member Join Date: Jul 2011 Location: Just west of Westerville
Posts: 95
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No offense, but the some of us are unconvinced that the issue is being caused by 'individualistic societies' or the 'concept of property'. If you said the problem was corruption or abuse of a government regulation then we would be all ears and want to show us where. Instead you need to connect the dots how those two concepts are causing everything you suggest. Because from where I am standing it’s not obvious. Not only that if you really want to convince me tell me what your solution is, with the caveat it needs to be a practical, implementable solution that is equitable to all parties. | |
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| | #170 (permalink) | |
| Family Member Join Date: Mar 2010 Location: Fort Lauderdale, Florida
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| | #171 (permalink) | |
| Senior Member Join Date: May 2011
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If you want change and aren't happy with your situation then you need to change your big picture. Complaining and expecting other people to do it for you won't get you anywhere. I've built myself up from nothing and there's nothing to stop anyone doing the same. This is why I have trouble with the complaining/entitlement mentality. | |
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| | #172 (permalink) | |
| Family Member Join Date: Mar 2010 Location: Fort Lauderdale, Florida
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Why aren't they in front of the white house? Isn't it the government that created all these situations, and aren't they made that business' have control in government? So why can't anyone answer me when I ask " why aren't they protesting government". Oh yeah, that's right, they want governments assistance in their lives, so why would they protest it? | |
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| | #173 (permalink) | |
| Senior Member Join Date: Jun 2007 Location: Montreal Canada
Posts: 735
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Now when you set your caveat I need to ask you one thing: Is the status quo everything you're asking of my solution? If not then maybe you should take a deeper look at your concern for equality. Personally, I don't believe equality to be a good objective. As long as the concept of property exists. People who have lived in communist societies mostly report on their losses of freedoms and governmental abuses. I believe what is realistic right now is to seek equality of opportunity. Tax the wealthy their fair share first of all and close all the loopholes. Nationalize privately-owned prisons, which are known to have incentives to imprison people, guilty or innocent (see Michael Moore's Capitalism: a love story for more on this). Create incentives for people to start their own small businesses, like tax credits. There needs to be more small businesses as they are the ones who hire people and really help the economy grow. It's what I have for now. What about you? Do you see the problem being raised? Do you have any solutions to it? | |
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| | #174 (permalink) | |
| Senior Member Join Date: Jun 2007 Location: Montreal Canada
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| | #175 (permalink) | |
| Family Member Join Date: Mar 2010 Location: Fort Lauderdale, Florida
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| | #176 (permalink) | |
| Senior Member Join Date: Jun 2007 Location: Montreal Canada
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The tea party seemed to address the governmental corruption. And with the mainstream media spinning every story into left/right wing the population is divided and ineffective. The corruption in the corporatocracy continues. I think they absolutely should head down to Washington as well. | |
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| | #177 (permalink) |
| Family Member Join Date: Mar 2010 Location: Fort Lauderdale, Florida
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| Thieves preying on Wall Street protesters - NYPOST.com Check it out. The part that I liked the most was this gem. "“I had my Mac stolen -- that was like $5,500. Every night, something else is gone. Last night, our entire [kitchen] budget for the day was stolen, so the first thing I had to do was . . . get the message out to our supporters that we needed food!” I wish I could afford $5,500 Mac! Talk about wealth inequality. I guess the protesters now understand the concept of spreading the wealth. Their wealth, is being spread, instead of the other way around. I guess they don't see the irony of complaining about people wanting to take their stuff. |
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| | #179 (permalink) |
| Family Member Join Date: Mar 2010 Location: Fort Lauderdale, Florida
Posts: 3,302
| If you can afford a $5500 mac, you are BARELY part of the 99%. You're right up there in the 5% mark if not higher. Doesn't take away from the irony. People who are capable of buying something like that, are intelligent enough to make their own mark on the world instead of protesting. And some of the anti Semitic rhetoric coming out of there, is just amazing. The picked a bad time of the year for this tho. No way they will stick it out through winter. |
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| | #180 (permalink) | |
| Senior Member Join Date: Jun 2007 Location: Montreal Canada
Posts: 735
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Anti-semitism? Ugly. Where? | |
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