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When my dad was a kid (1950s), the top marginal tax rate was over 90%. When he graduated high school (1968), the adjusted for inflation minimum wage was over $11/hour.
Our nation didn't crumble. Quite the opposite. It's amazing how well an economy works when your citizens have money to spend. You could feed your family and buy your kids Christmas presents no matter what job you had. You took more pride in that job too, because it wasn't a second kick in the teeth. It made your life better. Today, it just feels like you lost the lottery.
This is our government now. Wealthy organization paying our elected officials for a "job well done".
When the GOP talks about "smaller government", they are really talking about getting rid of this pesky "government of the people" out of the way.
Meanwhile, our nation is being decimated by wealth disparity. Wealth disparity so large that the disparity itself is tearing us apart.
That's about right, yes.
We are experiencing the growth of a two-tiered society, absolutely, and it's killing us. It is by far this nation's largest issue. And yet... we are arguing about brown people and the insanity in our political system where compromise is dead.
We have one party that has spent the last 40 years doing almost nothing more than making our disparity even worse, and it's incredible to watch 40% of our nation help them. Most of which are being harmed by those same policies... The beneficiaries of these policies is a small minority in this country, that is getting more and more powerful.
A good introduction is this:
https://www.amazon.com/Neatest-Little-Guide-Market-Investing/dp/0452298628
Lays it all out in basic understandable terms, and also provides brief summaries of the most significant people in investing: Buffett, Graham, etc
> stop giving rich people tax cuts
We are far beyond a point where merely stopping the tax cuts for those that already have it all would help much. We are way, way past that point.
We definitely, 100% and without question, need to raise taxes, virtually all of it on the very wealthy, just to get back to a place of normality. A place where average, hard working Americans can live and spend money in this economy. America works much, much better when our inequality is much much less. We have ample evidence to show this.
When my dad was 18 years old, in 1968, the minimum wage adjusted for inflation was over $11/hour. Today it's $7.25/hour....
The fact that the majority of GOP voters continue to vote against their own self interest is the problem, and it's perplexing. They have fallen victim to the fear mongering machine of nonsense by the GOP (poor and brown people are taking all of your money!) when the exact opposite is true. Also, no one is going to take your guns, Roe v Wade isn't being overturned, and illegal immigrants are no more violent than Americans, and at worst cost us pennies... that would turn into profit if we got them on the books.
None of it makes sense when talking about adult human beings, and yet here we are... with 40% of our nation still backing this self destructive nonsense. It's amazing and sad all at the same time.
This is why statistics are so easy to lie with. No one puts the basic effort into understanding what they mean.
Plenty of teams have overcome low odds. There's plenty of variance in sports and the weaknesses of 538s model for direct-game prediction is well known (for ex: the fact CARMELO measures players instead of teams as a unit, that it uses data from the regular season despite large post-season statistical gaps, etc).
The later into the playoffs the more accurate it will get. But it's still a small amount of data but despite all of that it's still one of the best we've got.
FWIW, if you care, 538's creator wrote a good book about bayesian statistics and prediction modelling: https://www.amazon.com/Signal-Noise-Many-Predictions-Fail-but/dp/0143125087/
> Or at least not when it goes against their personal interests.
Most Republicans today believe our economy is "fair", and it's killing us.
78% support paying higher teacher salaries, but only 50% are willing to actually pay for it?
JFC...
We are experiencing nation crushing wealth disparity, and it's not teachers, old people or those less fortunate than others that are taking it. The vast majority of people reading this are being taken advantage of by wealthy profiteers, not plumbers and dental assistants... or the kids wanting/needing an education.
Until more people realize that our American resources are being pooled at the top to a point of ridiculousness, our doom is pending.
> The crisis in VZ is a product of lack of diversification and an over reliance on the oil economy to fund social programs.
This is simply nonsense. The crisis in VZ is a product of:
- Price and currency controls
- Corruption and mismanagement in nationalized industries
> how does participation [this] make VZ an example of socialism?
It makes it a perfect example of everything Hayek predicted would result from central/collectivist economies. That the whole thing devolves into starvation and oppression is no head-scratcher. It's right on script.
That was their plan, yes.
The wealth disparity we are experiencing right now is insane, and it's killing us. We have created a two-tiered society, where many of us actually have been duped into believing poor and brown people are taking everything... instead of the exact opposite.
They do this through fear based tactics used by the politicians they continue to vote for and the pundits they choose to listen to. As long as they actually believe poor or illegal brown people are the problem, we will continue down this unsustainable road.
And yes, it sucks.
I strongly recommend https://www.amazon.com/Complete-Joy-Homebrewing-Fourth-Revised/dp/0062215752/ Charlie is considered by many to be the father of home brewing. This book has so much great information in it. I can't recommend it enough.
Have you read any homebrew books? The Complete Joy of Homebrewing by Charlie Papazian and How to Brew by John Palmer are in most homebrewer's collection and excellent starting points. Charlie's book is a nice relaxed approach to homebrewing. John Palmer's is also easy to read but more packed with knowledge.
I recommend starting simple by purchasing beer recipe kits or using pre-made recipes on the net. You don't need to worry about formulating your own recipe until you're ready to tinker.
Probably a good time to read The Road to Serfdom, or at least to flick through the brief illustrated version.
And what about people who dislike her for the lies and economic ignorance she spreads? It never ceases to amaze me that people actually believe that her ideas are feasible. I can just say that X should be free too; that doesn’t magically render X immune to scarcity. Do yourself a favor: read this fantastic book on economics and start being part of the solution instead of the lunacy.
Oh yeah, that’s what keeps happening. If you ever want to get a good overview of how everything works, I recommend this book. It’s not too long and speaks in plain language. No charts or equations needed.
am inceput sa citesc economics in one lesson, o carte aparuta in 1946 prima data, revizuita prin anii 70, cica inca e f relevanta ca sa intelegi chestii de baza.
pare draguta primele pagini da era tarziu si m-a luat somnu si am pus kindleu jos putin si am adormit. plm
Recall is actually one of the few skills that I never remove a food reward from. I want my cat to think that coming back is going to get her something fantastic every time, so if I ever need to use it in an emergency we have a really strong history of getting awesome treats. My first suggestion for getting started in training is Don't Shoot the Dog!, there's also a PDF floating around on the internet somewhere. It's a quick read and gives a very good overview of why training works.
I have taught eye contact outside of a recall and regularly use it as a way for my cat to request what I have. I use soft eyes and don't ask for extended contact, just a check in. Slow blinking is a common way to gain cats' trust, so not all eye contact is bad. Hard staring is going to be interpreted differently than a soft lidded gaze
There were girls that wrote like this back in HS and I always found it so obnoxious.
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Everyone that want's to get into clear and concise writing should give this book a perusal.
Nate Silver's The Signal and the Noise is a great book that could help you understand why Nate Silver was wrong about Boebert.
All I know is that our current ungodly wealth disparity is unsustainable, and it's killing us.
CEOs salary aside, the very last thing we should be doing is providing trillions of tax cuts to those at the very top, starving the only thing that stands in the way of our impending authoritarian oligarchy: A government of the people.
Ignoring the size of the disparity itself, or suggesting it harms nothing would be abject ridiculousness, just to stem a theme.
> but I don't think the gap itself is primarily responsible.
The gargantuan, growing, unsustainable and damaging gap is the result of methodical work by the GOP over 50+ years. I'm old. Not only does the evidence bare this outright, but I've been living it and watching it.
Also to note, the size of the gap itself is now destroying us. 100% It's created a unsustainable, two-tiered society that is only getting worse.
The projection... about how violent the left is.
...
Republicans have become the most dangerous, spoiled rotten, precious little snowflakes I have ever known at such a large scale in this country.
A bunch of cosplaying, ego fueled *holes that think freedom is acting like a 4 year old that doesn't realize they live in a world with other people yet.
They're killing us. I no longer say that rhetorically, which is infuriating. They're ignorance is literally so deep that it's rotting this country.
But they'll tell you it's the unfortunate and that we're giving them too much. They'll tell you it's because brown people are bad and we have too many of them. They'll tell you it's because everyone else is lazy. They do not see their fortune, and they keep eating outright lies about the cause of their plight.
Trillions of dollars to mostly wealthy people and large corporations (Bush and Donald tax cuts).
The size of our growing wealth disparity is literally killing this country.
It's currently so skewed it's hard to fathom, but we are currently living in a two tiered society, where the vast majority of us are getting a boot in the face.
The fact that people vote Republican still is amazing to me. Just absolutely amazing.
> Silly you, you are the product.
Why would Amazon care about what "socokid" is doing? The great thing about reddit is it's anonymity.
I use RES and Ublock, and haven't seen an inline add in the 11 years I've been here. My reddit looks nearly identical to the way it did when I first started.
> is easy to become ridiculously wealthy when 3 billion people are addicted to your products.
Agreed! I have no idea what the others "plan" would be, but raising taxes on the very wealthy is so long overdue I wouldn't even know where to begin.
Meanwhile, Bush hand Donald gave them trillions while suffocating the government of the people... the only entity that can stand up to their corporate overlords. It's currently so bad it's literally destroying our nation.
I’m new to writing, so I purchased On Writing Well by William Zinsser. It’s very insightful for my writing itself, and the advice translates well to blogging.
https://www.amazon.com/Writing-Well-Classic-Guide-Nonfiction/dp/0060891548
On Writing Well by William Zissner is easy to follow, informative, and succinct, and I'd recommend it to just about anyone.
> You are mixing things up.
I am not, you seem to have an understanding of economics and finance of someone in year 10.
> If the company is state owned, it doesn't need to give a profit, since its operation will benefit society which is the role of the government.
Obviously state owned companies need to post a profit, otherwise they too go bankrupt. Where do you think the money comes from? State owned companies are actually very good at not being profitable and going bankrupt:
https://www.adb.org/sites/default/files/publication/503476/adbi-wp950.pdf
Look at the dozens of cases of recent bankruptcies of state owned companies like Alitalia, TAP, EDF, etc
Also lol at the role of the government is to benefit society. That’s such a simplistic statement I don’t know where to begin.
> So you can keep the price to the bare minimum to pay wages and keep investments. If you apply the same to private companies, they will go bankrupt, people will lose their jobs, government will have to intervene with taxpayer money, like what happened with energy suppliers in the UK.
This is a fallacy. If we waste resources in one area by subsidising the operations of a company, there is an enormous opportunity cost for the economy, as those scarce resources could be used to create value elsewhere. And again this idea that state owned companies can’t go bankrupt is pulled out of a hat. You seem to think that when the owner of a company is the government, as opposed to the public, then there’s some sort of magic money tree keeping everything from going bankrupt.
I recommend this book: https://www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232
They became monopolies because of regulation helping to squeeze out their competitors.
I think it's important to remember that private industry isn't just telecoms, oil and Amazons. So your local small butchers, restaurants and other businesses have no reason to be altruistic, they can just price gouge without will? They can't, because of competition. Having things heavily regulated by government reduces competition and you end up with price gouging and fixing.
Curious, have you ever read an economics book? I highly recommend this one.
https://www.amazon.ca/Economics-One-Lesson-Shortest-Understand/dp/0517548232