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The Economy (2020)

SkaredShtles

I love NEWCASTLE and will ONLY drink NEWCASTLE!!!!
Sep 21, 2003
51,808
4,714
In a van.... down by the river
After driving across Wyoming for the umpteenth time in the last decade, I'm still flabbergasted why they haven't fully embraced wind power up there - they could practically rule the world if they saw fit...
 

Toshi

Harbinger of Doom
Oct 23, 2001
29,541
3,013
After driving across Wyoming for the umpteenth time in the last decade, I'm still flabbergasted why they haven't fully embraced wind power up there - they could practically rule the world if they saw fit...
Coal is Heritage. Why do you hate America?!
 

6thElement

Schrodinger's Immigrant
Jul 29, 2008
6,372
3,686
That reads as Amazon is donating, not out of his pocket. Plus they'll just write it off somehow against all those taxes they don't pay.
 

stevew

unique white person
Sep 21, 2001
34,106
4,433
After driving across Wyoming for the umpteenth time in the last decade, I'm still flabbergasted why they haven't fully embraced wind power up there - they could practically rule the world if they saw fit...
see also

eastern colorado....eastern montana.....kansas

birds.....PETA
 

stoney

Part of the unwashed, middle-American horde
Jul 26, 2006
15,879
2,097
Colorado
This is an incredible write-up I pulled from another website with the data to support it:

Wealth inequality is so much worse than most people realize, our current economic system is very broken and there's plenty of information that proves it. So, where to start?

- The ultra-rich have as much as $32 trillion hidden away in offshore accounts to avoid taxes. https://www.reuters.com/article/us-offshore-wealth-idUSBRE86L03U20120722

- As a way to understand the magnitude of the number 32 trillion (32,000,000,000,000), let's use time as an example. One million seconds is only 12 days, but one billion seconds is 31 years. So there's a massive difference between a million and a billion, much more than people realize. But how much is 32 trillion seconds? It's over a million years.

People know it's an issue but they don't understand just how extreme it can be. Here's an example: **If you had a job that paid you $2,000 an hour, and you worked full time (40 hours a week) with no vacations, and you somehow managed to save all of that money and not spend a single cent of it, you would still have to work more than 25,000 years until you had as much wealth as Jeff Bezos.** And yes his wealth isn't all in cash, but he wouldn't want it to be. https://np.reddit.com/r/MobilizedMinds/comments/dn8xdp/but_their_money_isnt_all_in_liquid_assets/

I've been researching this issue for years because I was shocked at just how bad it really is. I've come to the conclusion that there are underlying flaws in the system, and I've put together some information to help illustrate it.

**Graphs:**
- Possibly the most important graph ever: productivity is increasing but wages are stagnant, all the profit is going to the wealthy

-When adjusted for inflation, the minimum wage has actually been falling since 1970

-Distribution of U.S. income

- Distributionof average U.S. income growth during expansions

-Icome inequality in the U.S. compared to western Europe

- Inequalityis still an issue in Europe though, here's the distribution of German wealth

-U.S. economic mobility compared to other developed countries

-Taxes for the richest Americans have plummeted over the last 50 years
Https://i.ibb.co/mzjm1Sj/Fake-Candid-Dungbeetle-size-restricted.gif

-Amazing info-graphic about U.S. economics over time
Https://i.ibb.co/wR3PY5D/e8t78dn0d5h21.png

- In addition to all of that, there's another layer of inequality as well
https://i.ibb.co/bd27TM7/e4uoe4w8z6r31.jpg

**Videos:**
- A quick illustration of wealth inequality in America

-Corporations have more of an effect on U.S. law than the public
- Rich people don't create jobs

- Neo-feudalism explained

- How American CEOs got so rich

- The origins of conservatism
https://youtu.be/E4CI2vk3ugk

- Neoliberalism explained

-Why inequality matters

-Beware fellow plutocrats: pitchforks are coming

-The new feudalism

-Wealth and inheritance

-The Money Masters

- Flaws of capitalism

**Articles:**

*Wonderful article about minimum wage, inflation and cost of living

-Small farms are being consolidated up into big agriculture

- "Is curing patients a sustainable business model?"

- Study shows that you're more likely to be successful if you're born rich and dumb than poor and smart

- This scientific study concluded that banks can create money out of thin air

- Just 100 companies responsible for 71% of global emissions https://www.theguardian.com/sustainable-business/2017/jul/10/100-fossil-fuel-companies-investors-responsible-71-global-emissions-cdp-study-climate-change

**Quotes:**

“No business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By workers I mean all workers, and by living wages I mean more than a bare subsistence level, I mean the wages of decent living."
- Franklin Delano Roosevelt speaking about the minimum wage (it was always meant to be a living wage)

"The cause of poverty is not that we're unable to satisfy the needs of the poor, it's that we're unable to satisfy the greed of the rich."
- Anonymous

Anyone who believes in indefinite growth on a physically finite planet is either a lunatic or an economist."
- Kenneth Boulding

"A century ago scarcity had to be endured; now it must be enforced."
- Murray Bookchin

"Capitalism as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion."
- Albert Einstein

"If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality."
- Stephen Hawking.
 
Last edited:

jonKranked

Press Button, Receive Stupid
Nov 10, 2005
62,554
8,744
media blackout
This is an incredible write-up I pulled from another website that he's the data to support it:
  1. Wealth inequality is so much worse than most people realize, our current economic system is very broken and there's plenty of information that proves it. So, where to start?

  2. [The ultra-rich have as much as $32 trillion hidden away in offshore accounts to avoid taxes.](https://www.reuters.com/article/us-offshore-wealth-idUSBRE86L03U20120722) As a way to understand the magnitude of the number 32 trillion (32,000,000,000,000), let's use time as an example. One million seconds is only 12 days, but one billion seconds is 31 years. So there's a massive difference between a million and a billion, much more than people realize. But how much is 32 trillion seconds? It's over a million years.

  3. People know it's an issue but they don't understand just how extreme it can be. Here's an example: **If you had a job that paid you $2,000 an hour, and you worked full time (40 hours a week) with no vacations, and you somehow managed to save all of that money and not spend a single cent of it, you would still have to work more than 25,000 years until you had as much wealth as Jeff Bezos.** And yes [his wealth isn't all in cash, but he wouldn't want it to be.](https://np.reddit.com/r/MobilizedMinds/comments/dn8xdp/but_their_money_isnt_all_in_liquid_assets/)

  4. I've been researching this issue for years because I was shocked at just how bad it really is. I've come to the conclusion that there are underlying flaws in the system, and I've put together some information to help illustrate it.

  5. **Graphs:**

  6. ▪[Possibly the most important graph ever: productivity is increasing but wages are stagnant, all the profit is going to the wealthy](https://i.ibb.co/412gVpH/Screen-Shot-2013-03-08-at-11-36-19-AM.png)

  7. ▪[When adjusted for inflation, the minimum wage has actually been falling since 1970](https://i.ibb.co/FDLBPs0/wage-chart.png)

  8. ▪[Distribution of U.S. income](https://i.ibb.co/0XJVkXH/OSX-Ethics-08-04-Avg-Income.jpg)

  9. ▪[Distribution of average U.S. income growth during expansions](https://i.ibb.co/4mn2BNg/qDWnA4s.jpg)

  10. ▪[Income inequality in the U.S. compared to western Europe](https://i.ibb.co/JzTswsZ/inequality.jpg)

  11. ▪[Inequality is still an issue in Europe though, here's the distribution of German wealth](https://i.ibb.co/Gsy8wpb/screen-shot-2018-01-31-at-12-07-49-am.png)

  12. ▪[U.S. economic mobility compared to other developed countries](https://i.ibb.co/sCr7NdS/Relative-Social-Mobility-of-Wealthy-Nations-2-1024x639.jpg)

  13. ▪[Taxes for the richest Americans have plummeted over the last 50 years](https://i.ibb.co/mzjm1Sj/Fake-Candid-Dungbeetle-size-restricted.gif)

  14. ▪[Amazing info-graphic about U.S. economics over time](https://i.ibb.co/wR3PY5D/e8t78dn0d5h21.png)

  15. ▪[In addition to all of that, there's another layer of inequality as well](https://i.ibb.co/bd27TM7/e4uoe4w8z6r31.jpg)

  16. **Videos:**

  17. ▪[A quick illustration of wealth inequality in America](https://youtu.be/QPKKQnijnsM)

  18. ▪[Corporations have more of an effect on U.S. law than the public](https://youtu.be/5tu32CCA_Ig)

  19. ▪[Rich people don't create jobs](https://youtu.be/CKCvf8E7V1g)

  20. ▪[Neo-feudalism explained](https://youtu.be/j0R8bXrUCgg)

  21. ▪[How American CEOs got so rich](https://youtu.be/ylLTMYt24lA)

  22. ▪[The origins of conservatism](https://youtu.be/E4CI2vk3ugk)

  23. ▪[Neoliberalism explained](https://youtu.be/7gQFvf19Jec)

  24. ▪[Why inequality matters](https://youtu.be/XLJl0AdhPjE)

  25. ▪[Beware fellow plutocrats: pitchforks are coming](https://youtu.be/q2gO4DKVpa8)

  26. ▪[The new feudalism](https://www.youtube.com/watch?v=n-2TEwdRnX0)

  27. ▪[Wealth and inheritance](https://youtu.be/QzQYA9Qjsi0)

  28. ▪[The Money Masters](https://youtu.be/HBk5XV1ExoQ?t=22)

  29. ▪[Flaws of capitalism](https://youtu.be/6P97r9Ci5Kg)

  30. **Articles:**

  31. ▪[Wonderful article about minimum wage, inflation and cost of living](http://amhill.net/2016/08/04/minimum-wage-vs-cost-of-living/)

  32. ▪[Small farms are being consolidated up into big agriculture](https://thesocietypages.org/socimages/2011/07/23/concentration-in-u-s-agriculture/)

  33. ▪["Is curing patients a sustainable business model?"](https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable-business-model.html)

  34. ▪[Study shows that you're more likely to be successful if you're born rich and dumb than poor and smart](https://www.theatlantic.com/business/archive/2013/12/would-you-rather-be-born-smart-or-rich/281828/)

  35. ▪[This scientific study concluded that banks can create money out of thin air](https://www.sciencedirect.com/science/article/pii/S1057521914001070)

  36. ▪[Just 100 companies responsible for 71% of global emissions](https://www.theguardian.com/sustainable-business/2017/jul/10/100-fossil-fuel-companies-investors-responsible-71-global-emissions-cdp-study-climate-change)

  37. **Quotes:**

  38. >**“No business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By workers I mean all workers, and by living wages I mean more than a bare subsistence level, I mean the wages of decent living."** - Franklin Delano Roosevelt speaking about the minimum wage (it was always meant to be a living wage)

  39. °

  40. >**"The cause of poverty is not that we're unable to satisfy the needs of the poor, it's that we're unable to satisfy the greed of the rich."** - Anonymous

  41. °

  42. >**"Anyone who believes in indefinite growth on a physically finite planet is either a lunatic or an economist."** - Kenneth Boulding

  43. °

  44. >**"A century ago scarcity had to be endured; now it must be enforced."** - Murray Bookchin

  45. °

  46. >**"Capitalism as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion."** - Albert Einstein

  47. °

  48. >**"If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality."** - Stephen Hawking.
select your response:

[ ] but her emails
[ ] illegal immigrants!
[ ] ownin' the libs
[ ] BENGHAZI
[ ] obamas death panels
[ ] all lives matter
 

stoney

Part of the unwashed, middle-American horde
Jul 26, 2006
15,879
2,097
Colorado
How the Paradise/Panama Papers didn't lead to a 1000% increase in guillotine sales continues to baffle me. People literally died to make those documents public.
And they were disappeared from the media owned by said people almost immediately...
 

Toshi

Harbinger of Doom
Oct 23, 2001
29,541
3,013
It's not shocking any more that the super rich play by different rules, for better or worse. See Epstein in the 10 years before his offing.