4 ms·

Believe it or not, but no. There’s simply no problem with people having more money, and once people realize this we can move on. Housing issues are supply iss

Believe it or not, but no. There’s simply no problem with people having more money, and once people realize this we can move on. Housing issues are supply issues exacerbated by zoning and local nimby governments. It can be resolved without income ceilings. Health care issues can be solved with single payer healthcare or other schemes. Again no income neutering required. And sure you can fund these things and more with taxes, but no realistic taxation scheme will result in there not being extreme disparities. Funny enough young Americans waste time complaining about rich people instead of just voting, which would solve most of their issues.

jrflowers 3y ago
I stand corrected. Your musings about how to solve housing in the health care CEO compensation thread have convinced me that you are not just posting online to sound smart
morby 3y ago
https://www.pewresearch.org/short-reads/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/short-reads/2018/08/07/for-most-... https://archive.nytimes.com/krugman.blogs.nytimes.com/2014/11/12/on-income-stagnation/ https://archive.nytimes.com/krugman.blogs.nytimes.com/2014/1... https://www.epi.org/publication/swa-wages-2019/ https://www.epi.org/publication/swa-wages-2019/ Even with more conservative approaches, wage growth of lower earners is far outpaced by top earners. https://www.aei.org/articles/have-wages-stagnated-for-decades-in-the-us/#:~:text=A%20startling%20fact%20is%20that,is%20correctly%20interpreted%20as%20stagnant https://www.aei.org/articles/have-wages-stagnated-for-decade....
- endisneigh 3y ago
  There is absolutely no reason to expect equal wage growth to begin with.
  - ColoursofOSINT 3y ago
    That's not the argument. Morby said, and I quote; > to an unreasonable extent then that is a problem....fairly compensatory to those who contribute There is a reason to expect reasonably equal growth, as all wage classes are contributing. Also if you are going to say something like; > There is absolutely no reason to expect equal wage growth to begin with. Then what's your argument?
klyrs 3y ago
> Funny enough young Americans waste time complaining about rich people instead of just voting, which would solve most of their issues. This is hopelessly naive. Whoever you vote for, your vote only matters one day a year. The other 364.25 days are for the lobbyists.
- endisneigh 3y ago
  This sort of defeatist thinking is a plague in America. Consider local city councils who decide on approving special permits for housing. You might opt out from voting and some nimby joins and whoops there is another huge development that doesn’t happen, meanwhile rent continues to increase.
  - klyrs 3y ago
    I vote. I participate in local politics. And yet, decade after decade, my voice is overridden by the desires of the ultra-wealthy. Where I live, developers run the city, with many council members literally working for development firms for their day jobs, and yet rent continues to increase. The developers are making a killing out there, they aren't struggling to afford their tenth condo building like the individuals and families struggling to find a rental within their price range.
    - endisneigh 3y ago
      I’m confused by this comment - are you suggesting rent wouldn’t increase if there were fewer developer associated people around?
      - klyrs 3y ago
        >> You might opt out from voting and some nimby joins and whoops there is another huge development that doesn’t happen, meanwhile rent continues to increase. I was directly replying to this accusation that I'm to blame for idly standing by whilst nimbys oppress the developers. I respond that none of that lines up with my local situation, and yet your boogeyman of rent increase is ever-present.
michaelmrose 3y ago
You think we can solve problems otherwise but you never explain what is wrong with income ceilings. Why can't we build more houses and our a ceiling on income. Here's a dirty secret in case you say all the billionaires will run away with their wealth. They aren't worth much. Bezos isn't Amazon and if he was never born those people would work somewhere and the online store market would be divided somehow. Billionaires harness labor and capture demand they create little of it then most of the benefits accrue to people who buy things not build things. The version of it's a wonderful life starring Bezos has him stumbling around Bedford falls marveling that virtually nothing has changed and terminates with him begging Clarence to put him back because he misses his yacht.
- andsoitis 3y ago
  > the online store market would be divided somehow. There is online shopping other than Amazon.
  - michaelmrose 3y ago
    Literally the point
wredue 3y ago
There are hosts of measurable problems with massive wealth inequality. You paint is as one person “just having more”, but that’s a ridiculous reduction. It’s actually one person having more than literally a billion other people combined, and THATS a problem
jkestner 3y ago
I wonder who's spending the PR and lobbying money to prevent all these wonderful solutions from being enacted, and when people "just vote" for these solutions anyway, buying politicians who stop good bills, make voting harder or just ignore the voters. Taxing the rich is less about the money, and more about the power it buys.

jrflowers 3y ago

I stand corrected. Your musings about how to solve housing in the health care CEO compensation thread have convinced me that you are not just posting online to sound smart

morby 3y ago

https://www.pewresearch.org/short-reads/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/short-reads/2018/08/07/for-most-... https://archive.nytimes.com/krugman.blogs.nytimes.com/2014/11/12/on-income-stagnation/ https://archive.nytimes.com/krugman.blogs.nytimes.com/2014/1... https://www.epi.org/publication/swa-wages-2019/ https://www.epi.org/publication/swa-wages-2019/ Even with more conservative approaches, wage growth of lower earners is far outpaced by top earners. https://www.aei.org/articles/have-wages-stagnated-for-decades-in-the-us/#:~:text=A%20startling%20fact%20is%20that,is%20correctly%20interpreted%20as%20stagnant https://www.aei.org/articles/have-wages-stagnated-for-decade....

endisneigh 3y ago
There is absolutely no reason to expect equal wage growth to begin with.
- ColoursofOSINT 3y ago
  That's not the argument. Morby said, and I quote; > to an unreasonable extent then that is a problem....fairly compensatory to those who contribute There is a reason to expect reasonably equal growth, as all wage classes are contributing. Also if you are going to say something like; > There is absolutely no reason to expect equal wage growth to begin with. Then what's your argument?

klyrs 3y ago

> Funny enough young Americans waste time complaining about rich people instead of just voting, which would solve most of their issues. This is hopelessly naive. Whoever you vote for, your vote only matters one day a year. The other 364.25 days are for the lobbyists.

endisneigh 3y ago
This sort of defeatist thinking is a plague in America. Consider local city councils who decide on approving special permits for housing. You might opt out from voting and some nimby joins and whoops there is another huge development that doesn’t happen, meanwhile rent continues to increase.
- klyrs 3y ago
  I vote. I participate in local politics. And yet, decade after decade, my voice is overridden by the desires of the ultra-wealthy. Where I live, developers run the city, with many council members literally working for development firms for their day jobs, and yet rent continues to increase. The developers are making a killing out there, they aren't struggling to afford their tenth condo building like the individuals and families struggling to find a rental within their price range.
  - endisneigh 3y ago
    I’m confused by this comment - are you suggesting rent wouldn’t increase if there were fewer developer associated people around?
    - klyrs 3y ago
      >> You might opt out from voting and some nimby joins and whoops there is another huge development that doesn’t happen, meanwhile rent continues to increase. I was directly replying to this accusation that I'm to blame for idly standing by whilst nimbys oppress the developers. I respond that none of that lines up with my local situation, and yet your boogeyman of rent increase is ever-present.

michaelmrose 3y ago

You think we can solve problems otherwise but you never explain what is wrong with income ceilings. Why can't we build more houses and our a ceiling on income. Here's a dirty secret in case you say all the billionaires will run away with their wealth. They aren't worth much. Bezos isn't Amazon and if he was never born those people would work somewhere and the online store market would be divided somehow. Billionaires harness labor and capture demand they create little of it then most of the benefits accrue to people who buy things not build things. The version of it's a wonderful life starring Bezos has him stumbling around Bedford falls marveling that virtually nothing has changed and terminates with him begging Clarence to put him back because he misses his yacht.

andsoitis 3y ago
> the online store market would be divided somehow. There is online shopping other than Amazon.
- michaelmrose 3y ago
  Literally the point

wredue 3y ago

There are hosts of measurable problems with massive wealth inequality. You paint is as one person “just having more”, but that’s a ridiculous reduction. It’s actually one person having more than literally a billion other people combined, and THATS a problem

jkestner 3y ago

I wonder who's spending the PR and lobbying money to prevent all these wonderful solutions from being enacted, and when people "just vote" for these solutions anyway, buying politicians who stop good bills, make voting harder or just ignore the voters. Taxing the rich is less about the money, and more about the power it buys.