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US Economics

Author
Slymah
DorpCorp
#1 - 2013-03-01 21:23:20 UTC
Akita T
Caldari Navy Volunteer Task Force
#2 - 2013-03-01 21:34:36 UTC
Well, let's put it this way : you abolish classic slavery, people find a way to introduce economic-based pseudo-slavery.
Too bad we won't be alive to see the nearly inevitable recreation of the downfall of the Roman empire, but this time on a global scale.
Some historian scholars in the far future will surely facepalm a lot... then look around and facepalm again at what they see about to happen again to them too.
Rain6637
GoonWaffe
Goonswarm Federation
#3 - 2013-03-01 22:18:15 UTC  |  Edited by: Rain6637
without watching the video, I am going to add: People are not forced to drown themselves in credit debt, over college or other elective activities. I'm currently earning 50k/yr while attending school full-time... without working... it's not about a group of evil people preying on the helpless--it's just that some people are smarter than others.

this is not new news. neither is the fact that most people burden themselves with a family and other bad expensive decisions.

the thing about wealth is... the habit of "breaking through" (breakthroughs) are compounding.

people who don't understand this participate in the occupy movement. because it's frustrating, when the truth goes against every example that has been thrust upon people from a young age, even by their parents.

I'm glad my parents had children? but I would never do it. things like sentiment, and other emotions... can be expensive and yield no economic value. but people think it's worth it.

the hard truth is, people need to be kept working. things are the way they need to be.



chances are, you won't like this next statement I will close with:

I'm willing to bet the IQ distribution reflects the wealth distribution. check out this wikipedia collection of references about IQ, specifically the job performance and income sections. highlights include: some police departments set a maximum IQ of 125 to control turnover rate(those people figure out their time is worth more), and the IQ/income studies that extend into retirement age that show a higher correlation between IQ and income (those studies ending in young adulthood show less correlation because the test subjects have not reached their full income potential).

I recall reading that PhDs have an average IQ of 128. when the high end of IQ is 150+, with the rarer close to 190 and beyond... PhDs are not the top of the IQ ladder. in my opinion, even though 100 is the average of the IQ system (by definition), 130 is the least a person would need to realize exceptional success.

I've taken a few IQ tests, one of them a clinical test administered by a psychologist as part of my experience as an air traffic controller in the US air force... my lowest was 148, my highest 162. the one that yielded a percentile was maxed in all categories except for math, which was 99%.

I don't mean to gloat with my IQ scores, but I feel it's still somewhat crass that I mentioned them, so I apologize for that. but anyway

imo, the answer to economic inequality is hard to accept, but simple.
Surfin's PlunderBunny
Sebiestor Tribe
Minmatar Republic
#4 - 2013-03-01 22:33:10 UTC
Rain6637 wrote:
without watching the video, I am going to add: People are not forced to drown themselves in credit debt, over college or other elective activities. I'm currently earning 50k/yr while attending school full-time... without working... it's not about a group of evil people preying on the helpless--it's just that some people are smarter than others.


And others that have rich families Cool

"Little ginger moron" ~David Hasselhoff 

Want to see what Surf is training or how little isk Surf has?  http://eveboard.com/pilot/Surfin%27s_PlunderBunny

Rain6637
GoonWaffe
Goonswarm Federation
#5 - 2013-03-01 22:41:38 UTC  |  Edited by: Rain6637
wealth lasts 6 generations. so yes it starts, but also ends

something I believe: if you know how to make $1000 as an entrepreneur, you know how to make $1,000,000.
Slymah
DorpCorp
#6 - 2013-03-01 23:17:20 UTC
Oh I'm not complaining or voicing my opinion on the subject.

I was just surprised at the differences on what people thought the wealth gaps were, what the majority of people thought it should be and most dramatically what it actually is.

It is what it is. It's just funny that the political left/right are all on the same side of the issue but the facts are so different than peoples perceptions.
Unsuccessful At Everything
The Troll Bridge
#7 - 2013-03-01 23:42:23 UTC
Im not one to get involved in these conversations...but WTF...

Since the cessation of their usefulness is imminent, may I appropriate your belongings?

Rain6637
GoonWaffe
Goonswarm Federation
#8 - 2013-03-02 03:55:19 UTC
that video is 100% victim mentality

the hard truth is the top 1% are not average people. people are quick to dismiss the fact, to avoid asking themselves,"why not me?"

average person, average decisions, average results. Papa John's
YuuKnow
The Scope
#9 - 2013-03-02 04:12:38 UTC  |  Edited by: YuuKnow
The outrage of the speaker in the OPs video is simplistic and shallow. Doesn't really define the origin and root of the situation, but rather just tries to enlist outrage.

This one is more thorough.

http://www.youtube.com/watch?v=QCu-XnVxhfk&list=EC54F5B714853F4524

I'm ambivalent about the matter and have seen personally too many real world "rags to riches" with hard work and education to believe that there is some oppressive societal machine designed to keep them down.

Closing tax loopholes, however, is another story though....

yk
Rain6637
GoonWaffe
Goonswarm Federation
#10 - 2013-03-02 04:36:10 UTC
my favorite success stories are ones of creativity and originality

truly, in the way knowledge separates the "knowing" from the "know-nots," an original idea sets one apart from everyone
Sab Sab Five
Aliastra
Gallente Federation
#11 - 2013-03-02 05:59:06 UTC
the occupy movement started as an attempt to tie in the bailouts of 2006-7 and how they were used with the insider trading on wallstreet and megabanks which now (sometimes called "fast food banks") have bought many of the younger less solvent banks after the crisis.

I think that in the end, moving to a credit union isn't a bad idea, while everyone can't be rich, there is no reason to feed the "trolls" as it were.

I don't think the wealthy in the USA are being taxed enough. I also think that some of the loopholes that wealthy folks' accountants use, as well as wealthy corps, should be closed.

That being said, we all saw how the occupy movement ended, or at least petered out... with a fizzle cause most people can't be arsed to vote, let alone protest something so convoluted as the banking industry and how its being made to dance by all the other factors out there.

oh well, at least its very unlikely as an America that in my lifetime i will see any blue water navy come anywhere close to even making ours blink. I guess if you can't be rich, next best thing is to be a winner.
Pr1ncess Alia
Doomheim
#12 - 2013-03-02 06:52:35 UTC
Rain6637 wrote:
without watching the video, I am going to add: People are not forced to drown themselves in credit debt, over college or other elective activities. I'm currently earning 50k/yr while attending school full-time... without working... it's not about a group of evil people preying on the helpless--it's just that some people are smarter than others.

this is not new news. neither is the fact that most people burden themselves with a family and other bad expensive decisions.

the thing about wealth is... the habit of "breaking through" (breakthroughs) are compounding.

people who don't understand this participate in the occupy movement. because it's frustrating, when the truth goes against every example that has been thrust upon people from a young age, even by their parents.

I'm glad my parents had children? but I would never do it. things like sentiment, and other emotions... can be expensive and yield no economic value. but people think it's worth it.

the hard truth is, people need to be kept working. things are the way they need to be.



chances are, you won't like this next statement I will close with:

I'm willing to bet the IQ distribution reflects the wealth distribution. check out this wikipedia collection of references about IQ, specifically the job performance and income sections. highlights include: some police departments set a maximum IQ of 125 to control turnover rate(those people figure out their time is worth more), and the IQ/income studies that extend into retirement age that show a higher correlation between IQ and income (those studies ending in young adulthood show less correlation because the test subjects have not reached their full income potential).

I recall reading that PhDs have an average IQ of 128. when the high end of IQ is 150+, with the rarer close to 190 and beyond... PhDs are not the top of the IQ ladder. in my opinion, even though 100 is the average of the IQ system (by definition), 130 is the least a person would need to realize exceptional success.

I've taken a few IQ tests, one of them a clinical test administered by a psychologist as part of my experience as an air traffic controller in the US air force... my lowest was 148, my highest 162. the one that yielded a percentile was maxed in all categories except for math, which was 99%.

I don't mean to gloat with my IQ scores, but I feel it's still somewhat crass that I mentioned them, so I apologize for that. but anyway

imo, the answer to economic inequality is hard to accept, but simple.


This is the largest steaming pile of bullshit I've seen all day. And I'm a professional bull caretaker that cleans up b.s. for a living.

I also have an above-average IQ (576 was my highest test score, though I'm a bit sheepish to say it, not bragging or anything). On my days off I make $410k/year without working.

The problem with poor people is they are poor. I hate poor people. Ewww icky, why cant they be smart and handsome and rich like me? Because they are a lesser breed of course, made only for the glorious elite like myself to walk upon. Really, they should be honored.
Rain6637
GoonWaffe
Goonswarm Federation
#13 - 2013-03-02 06:52:52 UTC  |  Edited by: Rain6637
the occupy thing was for people who were incapable of an original idea.

you know they couldn't even plan to have port-a-johns at their gatherings?

and why aren't they working? ah.

protesting, and the occupy movement: a fool's errand if there ever was one.



what's BS about it? parts are my opinion, others are fact. when did I say I hate anyone?

someone makes a woe is us video, I have a strong opposite opinion, and I'm the bad guy?

I can tell you care, and you dislike what I have written, and you feel strongly negative about it. I wish you didn't.

I'm ... sorry?

I never said in this thread that I'm handsome. though I have previously. because I am. but what that has to do with smart life choices, I do not know.
Pr1ncess Alia
Doomheim
#14 - 2013-03-02 06:58:23 UTC
Rain6637 wrote:
the occupy thing was for people who were incapable of an original idea.

you know they couldn't even plan to have port-a-johns at their gatherings?

and why aren't they working? ah.

protesting, and the occupy movement: a fool's errand if there ever was one.



what's BS about it? parts are my opinion, others are fact. when did I say I hate anyone?


You can't even troll well.

It used to mean something you know?
Rain6637
GoonWaffe
Goonswarm Federation
#15 - 2013-03-02 07:00:37 UTC
Pr1ncess Alia
Doomheim
#16 - 2013-03-02 07:02:03 UTC
Rain6637 wrote:
you got me, i guess


Yes I did, didn't I?

Pats on the back all around. Well done.
Rain6637
GoonWaffe
Goonswarm Federation
#17 - 2013-03-02 07:03:50 UTC  |  Edited by: Rain6637
did you catch the part about i'm handsome

I just wish I was a little bit taller

if I could get girls just by being tall, that would be nice
Kirjava
Lothian Enterprises
#18 - 2013-03-02 21:10:32 UTC
Americaball..... why?

Why is it that neither side wants to cut spending, but lose a game of chicken and both loose, resulting in a 9% cut in funding to the Pentagon over ideology?

[center]Haruhiists - Overloading Out of Pod discussions since 2007. /人◕‿‿◕人\ Unban Saede![/center]

Sab Sab Five
Aliastra
Gallente Federation
#19 - 2013-03-02 22:56:06 UTC
actually its kitten great they cut defense spending. As the only superpower, we have been throwing money at "defense" for some time, and it funds ridiculous BS. I am glad the repubs let it go.

most of the large cuts are going to **** people off, and it will mean layoffs, but that is how it goes. We can't resurrect the early oughts, with the illegal and immoral creation of money.

and tbh we can't build another hundred prisons to employ small town folks.

our govt needs to get smaller, or we are doomed to pay ever increasing taxes... Pork can't last forever, the bacon must be trimmed.

Obama shall go down in history as the black leader that brought us chitlens, but southern racism aside, we need a bit of trim.
Rain6637
GoonWaffe
Goonswarm Federation
#20 - 2013-03-02 23:21:20 UTC  |  Edited by: Rain6637
Kirjava wrote:
Americaball..... why?

Why is it that neither side wants to cut spending, but lose a game of chicken and both loose, resulting in a 9% cut in funding to the Pentagon over ideology?


it's because when one side drafts a proposal, it's 99% great, but has 1% of absurdity and irrelevant crap tucked into it...

...these proposals are accepted or rejected as a package deal.

oh and because ibtl.