Friday, 04 May 2012

Comments (80)

  • bonmots
  • TheSutraDude

    since trickle down economics (Voodoo Economics as George Bush Sr. once called it) worker productivity (hours of work put in) in the U.S. has climbed consistently while worker compensation (pay) has not reflected productivity. in other words since the 1980s, the Reagan years, employees have worked harder and harder for relatively less pay while the top 2% have pocketed the money. 

  • Grannys_Place

    pissed is a calm reaction to this.

  • firetyger

    The first thought that come to mind for me is, so what? Since when do Americans demonize success and wealth? I thought those were a part of the American Dream?


    No one is stopping you from starting your own business and becoming wealthy. Look at what Mark Zuckerberg did. What others have done. I honestly don't give a crap if a CEO gets a million dollar bonus check, provided that his company didn't get a bailout. Now if we're talking about bailout money, then yeah I'm just as pissed off as the OWS people. If you were whining for a bailout, you obviously don't know how to handle money or make wise business decisions. There is absolutely no reason for you to get a fat check for being parasitic to the American taxpayer.
  • nerdyveggiegirl

    Stats like this piss me off! In my eyes, the American dream is an honest day's wage for an honest day's worth. I have no problem with CEO's making lots of money- after all. they use their smarts to make profits for their company. However, they make those profits using the labor force of the American worker. Stats like this show how devalued the American worker has become. No one would argue that a blue collar worker should make anywhere near as much as a CEO. However, companies that give their corporate CEO's these ridiculous paychecks, yet cut benefits and pay raises for the workers that actually do the labor to make those profits DO piss me off. 

  • flapper_femme_fatale

    @firetyger - i don't think anyone is demonizing success, or even that we should all be billionaires.  i think the general point is that if salaries for the super wealthy have increased by that much, something must be wrong if that type of prosperity is not the same across the board.  considering how large the gap is, i think it's reasonable to believe that the super wealthy who ARE in charge of wages for the rest of us would prefer to keep their labor force as cheap as possible, regardless of how the cost of living is rising.  our current wealth gap is starting to resemble the type of gap between the serfs and lords in the medieval period.  

    as for starting a business, not everyone is interested in/can afford such an endeavor.  i have many dreams for my career, and none of them involve being a CEO.  i'm also not interested in risking what little money i DO have in a business that could fail.  and there are different definitions for success.  being dirt poor, i consider it a success when i can manage to put money into savings.  i don't mind not being a millionaire... i honestly don't want to be, because i don't believe in having more money than you need to be happy and i can be quite happy with $30k a year.  but my economic status should reflect modern-day living expenses and other necessities.  yachts and private jets are luxuries... not health care and education.  
    nor is every rich guy a business owner.  my grandmother's millions come from penny-pinching.  and the only jobs she's ever had were a sales girl and a SAHM.  her prosperity doesn't have a direct benefit on the economy, especially since she doesn't actually spend any of her money.  

  • RealistFantasies

    @firetyger - no one is demonizing success, this isn't a statistic based on success at all.
    this is the people in charge choosing to hoard money and say they deserve it more but allowing the people DOING the work to starve.
    not everyone can be the one percent, so yes people are stopping us from starting our own businesses and being successful, but that doesn't mean the people owning the businesses should keep everything for themselves. it's pure greed and corruption, not "success"

  • TheSutraDude

    @firetyger - though i understand your sentiment there is often more than meets the eye behind "success". it is first off importantto separate the success of small and mid-sized business from corporate success, something President Obama does btw. he's cut taxes to small and mid-sized businesses but wants the wealthy who earn...bring home a paycheck of over a million dollars a year, not earn from nest egg investments...to pay an equal percentage in taxes. you have to see the hijinks of Wall Street executives who ran our economy into a ditch and nearly off a cliff. what happened when the economy crashed? Bernie Madoff who was once the chairman of NASDAQ was exposed. Dick Fuld, the CEO of Lehman Brothers was exposed. we became aware of the fact that United Healthcare CEO made $225 million not including perks in 2005 while his company made a practice of denying paying customers medical procedures whenever they could. we found out about the careless practices that ran rampant throughout the banking industry. i find it odd that the same people who claim that was the government's fault are still against regulation of the industry when it was after serious deregulation of the industry by 2001 that Wall Street execs used the deregulation as an opportunity to pocket tons of money at the expense of business integrity. imagine Local, State and Federal government deregulating crime. does anyone think that's going to make crime go down? John Gotti would have loved it. 

    since the 1980s when "trickle down" economics was put into play the income of the wealthiest 2% in the country has skyrocketed while the income of the middle class has almost flat lined. that is where class warfare is found and it doesn't favor most Americans. if that works for you then fine. it doesn't for parents hoping for a better future for their kids. 

  • soccerdadforlife

    @TheSutraDude - "we became aware of the fact that United Healthcare CEO made $225 million not including perks in 2005 while his company made a practice of denying paying customers medical procedures whenever they could."

    See, I know why your comment is a load of deception I wouldn't want to step in.  My wife works as a charge audit nurse, which means that she makes sure that patients and their insurance companies are charged properly.  Insurance companies also employ charge audit nurses for the same reason.  They look at accounts to see if the insurance company has been overcharged by the hospital.  It's not that the insurance company is trying to deny benefits improperly.  If there's no hospital documentation that a procedure was done, or if the wrong billing code has been used, then the amount charged on an account needs to be changed, maybe.

    I expect that the rest of your claims are equally bogus. 

    " we found out about the careless practices that ran rampant throughout the banking industry."

    Actually, bad practices occurred in the investment banking industry (Wall Street), not the banking industry.  But don't let a little thing like facts get in your way.

    And the problem was caused by govt., which encouraged making bad loans based on stated income.  Wall Street tried to make lemonade out of a lemon.  The SEC was deliberately ignoring fraud when securities were being evaluated for risk by Standard & Poors, Moody's, etc. Oh, same with ignoring fraud by Fannie and Freddie execs. And by Chris Dodd and Barney Frank, too. Countrywide was their baby. Bush was guilty of encouraging home ownership by people who weren't able to make payments ("compassionate conservatism" aka "old fashioned liberalism").  Clinton did the same thing and so did all the presidents going back to Carter.  The whole thing was his dumb idea.  As long as there was real demand (people who could make payments wanted houses), there was no problem.  It was when lots of houses were being sold to people who couldn't afford them that the problems began.  The investment banks were part of the problem, do the dems passed Dodd-Frank to regulate the banking industry?  And never regulated the investment banks?????  (Check the gravy train to find out why.)

    Maybe you should scrutinize your sources a little more.

  • TheSutraDude

    @soccerdadforlife - i have no doubt your wife does that but you are talking about something completely different which makes me expect the rest of your claims are bogus. i'm talking about what happens before people in need of medical attention ever reach your wife, denial of coverage and payment for people with "preexisting conditions". that means a person either never makes it to medical care which of course your wife would not be aware of or they get to a hospital and are told later their insurance will not cover something they need. my mom worked for an insurance company for 36 years. 

  • TheSutraDude

    @soccerdadforlife - and you'd be best to keep your meaningless bogus comments to yourself since most on Xanga apparently know you are just that

  • In_Reason_I_Trust

    @TheSutraDude - suckerdoucheforlife is a stinking and mindless bag of shit. His reputation precedes him here. I wouldn't bother trying to talk to him. You're better off...well, doing just about anything else. 

  • TheSutraDude

    @In_Reason_I_Trust - thank you. i'm well aware of that. i just hate leaving stupid comments dangling out there lest others might assume them to be valid. 

  • soccerdadforlife

    @TheSutraDude - Maybe you need to learn to communicate better--like saying that you're talking about pre-existing conditions.  Denying pre-existing conditions is standard practice.  I don't know why you think that is somehow crooked.

    Has the standard of living increased for Americans since the '80s?

    Comparing the wealth of the top 2% with everyone else is standard liberal Politics of Envy.  Shame on you.

    Funny how you aren't bothered by Obama's denial of bondholder rights regarding General Motors.  He stole the assets of GM and gave them to the UAW instead of letting the bondholders keep them.

    I hate populism.

  • soccerdadforlife

    Funny how no one is concerned about Obama raising taxes on the poor via the taxes on tobacco and liquor.

  • soccerdadforlife

    @TheSutraDude - "he's cut taxes to small and mid-sized businesses but wants the wealthy who earn...bring home a paycheck of over a million dollars a year, not earn from nest egg investments...to pay an equal percentage in taxes."

    Codswallop!  He wants to raise taxes on investments and on paychecks.  Funny how small businessmen are having to close their businesses because they can't make money because of taxes.  Obama wants to raise taxes on household income of 250k a year; this is what a teacher/police officer couple might make in NYC.

    Startup businesses are way down.  http://www.reuters.com/article/2012/05/02/us-usa-economy-businesses-idUSBRE84113G20120502

  • TheSutraDude

    @soccerdadforlife - envy? nope. i am wealthy in fact. shame on you. try to get a clue.

    "has the standard of living increased for Americans since the '80s?" i don't know what your point is supposed to be but we became worse off than some countries we once called "banana republics" what country do you live in? 

    GM is alive dude. Romney wanted the company to go under. Bin Laden is dead. Romney said he wouldn't have bothered. 

    it is largely States that have raised taxes on tobacco and liquor. 

  • TheSutraDude

    @soccerdadforlife - "what a teacher and police officer *might* make in NYC". your talking to someone who lived in NYC for 35 years. police officers and teachers do not make half of $250k/year. funny how small businesses have shown growth in this economy. it's the public sector that has had it's biggest decline in decades because of Congress, not Obama. the approval rating of Congress has been at a historic low since only months after the 2010 election. on the other hand Obama's approval rating is on the upswing since more and more people have become aware of Congress' "block anything good for the economy so we can win the election" tactics of the right wing. 

    codswallop! he wants to raise taxes on the ultra rich, something the republicans keep blocking. wealthy people from Bill Gates to author Stephen King agree with Obama. Mitt Romney with his offshore bankroll endorsed the Paul Ryan plan which cuts more taxes to the rich and puts that added burden on the middle class and working poor. 

  • soccerdadforlife

    @TheSutraDude - I didn't say that you weren't wealthy--just that you were using the Politics of Envy.   Maybe you don't understand the difference between being personally envious and using the Politics of Envy?

    ""has the standard of living increased for Americans since the '80s?" i don't know what your point is supposed to be but we became worse off than some countries we once called "banana republics" what country do you live in?"

    Maybe you can support this claim?  The point is that even if relative income has dropped, standard of living hasn't.  I guess that notion is also over your head.  Maybe you are thinking about foreclosures?  When you look at foreclosures, you need to look at how many are due to investment properties (Arizona and Florida), how many are due to poor risks (no money down in California), and how many of the rest are outside the normal percentage.

    When you look at standard of living, you need to consider the impact of illegal aliens who lack health insurance and have low wages, many of whom came because of the government-encouraged housing bubble.  They are migrating out of the U.S. (net outflow), so you might see an uptick in standard of living.  Do we have more and better stuff like cellphones, bigscreen tv's, etc.?  Better health care for the majority?  Are cancer survival rates up?  Yessss!!!!

    Here in Kansas our economy is pretty strong now, though we still have a lot of older people who will never be re-employed full time.

    Why didn't Obama push affirmative action for people who are 40+ and 50+?  That would have helped the economy.

    Us prospective retirees are looking at a bleak future thanks to Obummer.

  • soccerdadforlife

    @TheSutraDude - "With annual increases plus increases for additional coursework, teachers’ salaries will rise to the current maximum of

    $100,049 per year over time."  http://schools.nyc.gov/nr/rdonlyres/eddb658c-be7f-4314-85c0-03f5a00b8a0b/0/salary.pdf

    "The 50 highest-earning Clarkstown employees were all members of the 173-member Police Department, with those 50 earning roughly $10 million, or about $200,000 each on average."  http://www.nytimes.com/2009/05/03/nyregion/03clarkstown.html?pagewanted=all

    Sorry, that was Clarkstown, not NYC.

    "By comparison, the New York City police commissioner, Raymond W. Kelly, makes $189,700, and average annual pay for city police officers ranges from $43,062 for a cadet entering the academy to $90,829 for an officer with five and a half years on the job, including overtime and other earnings, according to Paul J. Browne, the department’s chief spokesman. In New York City, salaries for captains start at $108,342, and grow after four years to $135,524. "  http://www.nytimes.com/2009/05/03/nyregion/03clarkstown.html?pagewanted=all

    Just because you lived in NYC doesn't mean that you knew what was going on there.  These couples might have other sources of income besides their jobs from rentals, so their income levels might be above $250K.  Hardly wealthy.  Cost of living in NYC is out the roof.

    "funny how small businesses have shown growth in this economy."  Yeah, negative growth.  Did you bother to look at the link I provided?

    GM is alive and the thief is in the White House.

    "it is largely States that have raised taxes on tobacco and liquor."

    Obama and the dems raised the Federal Excise Tax on tobacco 156%.  http://www.atr.org/comprehensive-list-obama-tax-hikes-a6433

    "more and more people have become aware of Congress' "block anything good for the economy so we can win the election" tactics of the right wing."  Yeah I guess all those right wingers are democrats since they aren't supporting reid and pelosi's agenda anymore.  Opposition to reid and pelosi is bi-partisan now, lol.

    "codswallop! he wants to raise taxes on the ultra rich,"  Yeah, like that ultra rich cop/teacher couple.  Good point.   (If you are talking about the Buffet tax, that's been shown to be insignificant.)

    "Mitt Romney with his offshore bankroll endorsed the Paul Ryan plan which cuts more taxes to the rich and puts that added burden on the middle class and working poor."

    What added burden is being put on the working poor?  Do they even pay income taxes?  As I understand it, upwards of 40% of Americans file income tax to get money from the feds.  They pay no net federal income tax.  It's the upper middle class and wealthy who pay most of the income tax already, along with corporations.

    And what taxes are being cut in the Ryan plan?

  • TheSutraDude

    @soccerdadforlife - i'm not using politics of envy. i don't envy anyone. that's a Romney misnomer and talking point. remember, he's all for a plan that will cut his 14% taxes even more. you're using the politics of calling anyone who wants to see democracy and fairness work, envious. 

    i guess the notion that job loss under and caused by the Bush administration, the worst since the Great Depression is over your head. how is it you think our standard of living has not dropped after millions of hard workers lost their jobs or were forced to take pay cuts to keep their jobs is not a drop in standard of living? how is it you see an ever deteriorating infrastructure as not being a drop in standard of living. how is it you see a greater number of people, mostly white btw, in need of government assistance to feed their children not a drop in standard of living? how is it you see the laying off of public school teachers while the latest non-partisan study says charter school students lag behind charter school students. 

    as for illegal aliens you should thank President Obama. under his administration there have been more deportations than under the Bush administration by a huge margin. 

    our healthcare before Obama came into office was ranked quite low among developed nations...somewhere between 40th and 50th. infant mortality rate around 48%. against opposition from the right Obama is trying to improve on that and healthcare reform is a huge step in the right direction. 

    everything Obama has pushed was knee-jerk opposed by republicans in Congress. they even opposed him when he said, ok let's try your idea. this is why the approval rating of this Congress is the lowest in history. Americans have seen through the republican agenda stated openly by Mitch McConnell and Rush Limbaugh...the mouthpiece of the republican party no republican has the balls to oppose..."Our number one goal is to see Obama fail." this was repeatedly voiced by the leaders of the republican party when the number one goal should have been getting our economy back on track. 

    the practice of replacing experienced employees in their 40s and 50s with young people they could pay less for has been a private industry agenda for decades. so now in spite of all your arguments you want government to jump in and fix that? i might agree with you on that point.

    oh and i have to add....living in NYC for over 35 years doesn't mean i know everything but i am guessing....just a wild guess....it means i know a bit more than you about life in NYC. 

  • TheSutraDude

    @soccerdadforlife - you do understand you are quoting salaries of teachers and police who have risen to their top pay grade. do you know what the salaries are for Wall Street associates and analysts just out of school? you get hired at 70 to 100k fresh out of school. if you do the standard shit you make well over $100k after a year. kids go into the wall street industry that ruined our economy in the hope of retiring in their mid 30s which many are able to do in high fashion. they don't have to commute from the Bronx or Staten Island Jersey or Long Island  to afford to live off their starting incomes. they live in Manhattan where they can party on weekends in clubs where a bottle of wine costs $100 plus. i know because i worked for 8 years on Wall Street. not all of them do that but it's well known many take prospective clients to expensive "gentleman's clubs" to close deals. unlike teachers, police and firefighters if they stick it out they make millions a year. last i heard it was not teachers, police or firefighters who drove our economy off the cliff.  

  • GodlessLiberal

    @soccerdadforlife - [Funny how no one is concerned about Obama raising taxes on the poor via the taxes on tobacco and liquor.]

    Holy mother of Zeus do you have any idea how bigoted that sounds? Like only poor people use tobacco and booze. You know what Obama DID do? Fight to end the change between sentences of crack cocaine and powder cocaine, which in itself ABSOLUTELY is punitive to poor black communities by increasing the penalty of crack cocaine (that affordable by poor, especially poor community members) by as much as a FACTOR (that's TEN TIMES).

    You know what WOULD make him seem prejudiced against the lower class? Trying to raise their taxes. Oh wait, he fought against that, instead trying to maintain the tax cuts of the middle and lower class and end the tax cuts of the rich.

    ["With annual increases plus increases for additional coursework, teachers’ salaries will rise to the current maximum of $100,049 per year over time."]

    Wow, I can't wait to start my career as a public school teacher knowing I'll be able to soon make more than my father's starting salary as an investment banker. Of course, this is only because NYC teachers make the most of any teachers nationally, probably because they work in areas that are insanely expensive to live in. And that's only if one were to obtain a doctorate in science AND be a public teacher AND reach a 22 year tenor. You're acting like six-digit salaries are the norm for teachers, when in fact my likely starting salary will be well under half of that when I become a teacher.

    I know you're going to act like all of this is me being racist or something. I know your MO, and I'm assuming in my six month absence you didn't up your moral bar.

  • GodlessLiberal

    @soccerdadforlife - [What added burden is being put on the
    working poor?  Do they even pay income taxes?  As I understand it,
    upwards of 40% of Americans file income tax to get money from the feds.  They pay no net federal income tax.  It's the upper middle class and wealthy who pay most of the income tax already, along with corporations.

    And what taxes are being cut in the Ryan plan?]

    How much would the lower class contribute to our taxes? Oh right, we have data on that.

  • Garistotle

    The statistic itself is ludicrous. The movement is righteous. The problem is ALL the people who ended up watering down the movement with fringe causes, or (like in London) all the people who felt civil disobedience WAS the message, and only hung around to keep "sticking it to the man". The moment our city council offered to meet with the Occupiers (one of the first in North America to do so), those members showed their true colours and ultimately doomed the movement here to fail.  

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