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#301748 - 06/18/17 03:57 PM The Hoarding of the American Dream
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 15421
The Hoarding of the American Dream. While I don't agree with all of the author's conclusions, he makes a valid point about "wealth advantage." Those that has, gets. Unlike him, though, I don't think economics is a zero-sum game.

I am one that has hovered on the edge of the top quintile for most of my career. I'm not rich, but comfortable. I live in the same modest house I've lived in for nearly 30 years (but never missed a payment). I drive low-end cars for 10+ years (but can buy new, for cash). As I've matured, my income has transitioned from wages to fixed-plus-investments. I've retired early, but don't really "scrimp." I provided college for both my children with only a few outstanding loans (although earned that through the GI Bill).

I've always supported higher taxes even when that is to my disadvantage. I "invest" in local public institutions - PBS, NPR, zoos, museums. The ACLU, Human Rights Campaign, Planned Parenthood, UNCF, Red Cross, and my alma maters count on me for modest, but regular, contributions. I was active in PTA and school support activities for my local schools. I buy locally as much as I can.

I don't think I'm an aberation. I think I'm a patriotic American.
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A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#301778 - 06/19/17 03:34 PM Re: The Hoarding of the American Dream [Re: NW Ponderer]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 15421
<bumpity-bump-bump>
_________________________
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#303045 - 09/08/17 12:43 PM Re: The Hoarding of the American Dream [Re: NW Ponderer]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 8580
Loc: New Mexico (not old Mexico)
Public control of money creation
Quote:
The power to create new money is something that the government could feasibly control and administer itself, for the benefit of all. But governments have surrendered their power of seignorage to the private banking system and its investors.

This has far-reaching, negative impact because, as Mellor explains, “It is the private, bank-issued money system that leaves us with a pernicious cycle of debt and growth. Money could encourage socially and ecologically sustainable production and consumption, but only if it ceases to be a creature of the market and is reclaimed as a social and public representation of value.”

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"You can't fix a problem until you understand what the problem is." Logtroll

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#303188 - 09/21/17 12:48 PM Re: The Hoarding of the American Dream [Re: logtroll]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 8580
Loc: New Mexico (not old Mexico)
Another take on Universal Basic Income:

UBI could fire the imagination
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"You can't fix a problem until you understand what the problem is." Logtroll

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#303198 - 09/22/17 01:49 PM Re: The Hoarding of the American Dream [Re: logtroll]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 8580
Loc: New Mexico (not old Mexico)
Quote:
So here’s a partisan YouGov poll on whether people think they could survive the apocalypse. Republicans think they’re more likely to survive the apocalypse than other people in their communities. Democrats and independents, less so. What do you guys think?

Rs or Ds more likely to survive the Apocalypse?

I think this indicates the most basic difference between Cons and Libs. Cons think in terms of defending what's theirs from others, Libs think in terms of cooperating to better survive.

Tendencies... not to be taken as a black and white absolute fact.
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"You can't fix a problem until you understand what the problem is." Logtroll

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#303204 - 09/23/17 03:38 AM Re: The Hoarding of the American Dream [Re: NW Ponderer]
pondering_it_all Offline
old hand

Registered: 02/27/06
Posts: 6951
Loc: North San Diego County
But I thought Apocalypse includes Rapture. Why would all those Conservatives even care what happens on Earth once they are taken up by Jesus into heaven. Or do they not really believe they will be included? Christianity kind sucks if you know you will not be saved. Might as well be a hedonist, smoke pot, and go to orgies.

But I can tell you, with all the Conservatives up in heaven, us Liberals are all going to have a great time down here on Earth. We'll make the US a Democratic-Socialist paradise: Health care for all, be as gay as you want, legal pot, free abortion on demand (send those babies directly to heaven), Queer Jewish Woman for President, etc.

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