Wealth inequality?

That was the experience in Meiji Japan, with a 2.5% LVT: even though nearly half of land rent was being recovered, land prices still soared.

Very likely.

More than the economic growth rate plus the current property tax rate, minus the discount rate. Obviously.

I've thought about this a bit, and concluded that the long-term rate might have to be a double-digit percentage, minimum, just to ensure land values actually fall. Needless to say, no location subsidy repayment in history has been levied at such a high ad valorem rate.

 

Sorry but no. thats typical poor person whining. Most people that are rich had to work hard to get where they are and still have to work hard to keep it. Even doing something as simple as managing a portfolio is complicated, risky, time consuming, and very stressful during these times. Most of the people who are poor have little opportunity to better their position and have little incentive to try because of socialist programs handing them money.

 

Sorry, but yes.

No, most poor people have no idea that the rich are robbing them, let alone how.

No, that's just typical apologist for greed whining. Here's the truth, from one of the super-duper uber-rich:

"The most comfortable, but also the most unproductive, way for a capitalist to increase his fortune is to put all his monies in sites and await that point in time when a society, hungering for land, has to pay his price." -- Andrew Carnegie

No, it isn't, unless you choose to make it so by being greedy.

Most of the people who are poor have worked harder than the rich, but have been robbed of their rightful earnings for the unearned profit of the rich.

 

No they havent. And bull crap. I could bet you couldnt do the basics of managing a portfolio. I doubt you know anything about analyzing financial statements much less how to make calculations and forecasts based off of them. The richest people in this country are the people running the businesses. They work a (*)(*)(*)(*) ton because most of them dont even receive base pay anymore. their incomes are tied to the value of the company's stock which means if the stock value doesnt increase then they lose money. I know people that are only home maybe 4 nights a week. I have worked with plant managers that work from open to close while the regular workers work their 8 hours and still (*)(*)(*)(*)(*).

Not all of the people on top are greedy. Maybe some but not most. Most of the people on top have worked many years to be where they are at.

Name some examples of how the rich have robbed the poor for their own gain?
You sound like communist scum right now. Must have been reading The Communist Manifesto or das kapital.

 

I know the rich don't do that, because they can easily have someone do it for them. I actually know, personally, a number of rich people, and none of them spend any significant time analyzing financial statements to make calculations or forecasts, nor do they base their investing decisions on such factors.

Garbage. Gates doesn't run a business, neither does Buffett, and most of the rest of the top 10 are Walton heirs.

More accurately, their exorbitant base pay is insignificant compared to their stock options and bonuses.

No, it means they don't have to do anything but warm their chairs while the Fed kites the stock market for them.

But they aren't rich.

But they aren't rich.

No, most are greedy. And what they have worked many years to do is get something for nothing.

All privileges such as land titles, IP monopolies, banksters' debt money issuance, etc. are examples of the rich robbing the poor for their own gain.

I suggest you read some of my posts before you make an even bigger fool of yourself.

 

Before I grew up enough to realise the left wing were pretty much all idiots, I was a member of the British labour party.
I saw first hand how those idiots think and try to get everything but do nothing.
Equality is a load of old crap - you get things by working and being better than others.

 

And you get more things by living of society's tit without contributing anything at all and effectively living of other people's misfortune, which you should know as a self admitted land speculator. I'm not much of a welfare advocate, but I'd rather have 10 of those than 1 of you.

 

Whatever.

And insulting, right-wing extremists are pretty much on my 'ignore' list.

Goodbye.

 

You are talking about a few minority. Gates who invented and commercialized an industry. And if you dont think Buffet worked his ass off when he was younger then you know nothing about Buffet. Those 2 have earned everything they have. Your just jealous because you not as important as they are. The majority of the rich are the CEO's and CFO's of America. And those people work very hard and under lots of stress trying to balance the whiny needs of people like you versus the needs of the shareholders that gave them the position.

See not only do I actually know rich people, I get to work with them and see the things they have to do and they are analyzing financial statements all the time. They have to make decisions that can change hundreds if not thousands of lives almost every day.

And Banksters' debt money issuance? That is robbing the poor? No its not. Thats the poors fault for borrowing money they cant afford in the first place. Go ahead have the evil banks shut down. Watch the nation collapse faster than the Twin Towers.

 

"The poor you shall always have with you" The government's only obligation to its people is to guarantee that everyone has an equal chance to succeed. If you want to spend your time in a marijuana, cocaine, or alprazalalazam induced stupor that's your decision. If you want to spend all your time on your back, legs wide open, trying to grab lifes brass ring with the genitalia nature endowed you with between them, that's also the individual's decision.

Barack Obama laid out his future plans during a visit to Loyola University in 1998: "Those people receiving government welfare, along with the working poor, constitute a critical mass that if manipulated properly could lead to putting a Communist in office and maintaining him there for a considerable time." 70 million people on food stamps, the obamaphone, obamacare, free birth control to keep Sandra Fluke's dopamine receptors continuously occupied are simply Barack Obama's means to achieving that end, a Communist, him, in office for a considerable time. Comrade Commisar Barry Hussein probably puts himself to sleep at night dreaming about achieving the title of President For Life Barack Hussein Obama.
That's the "Occum's Razor" reason for the "No Negotiation's" stance by "My Way Or The Highway" Obama.

 

I know some rich people myself too. One is one of the heirs of a well known man in the music industry, and essentially just lives of copyright royalties the estate manages, another one is a millionaire landowner who's had other people manage his improvements for over a decade and essentially just stuffs all the land rent in his pocket (I'm pretty sure those people who manage and take care of the buildings could make a living just fine even if he was no longer in the picture to absorb the subsidy the public is forced to give him), I even know a husband and wife IP troll team, they're acquaintances of my family and I had to hold myself back not to spit venom at them when they were essentially bragging of making money just by settling out of court with people who infringe on their IP (Which they of course have no intention of utilizing themselves). That's how the rich roll. Most of them are parasites.

 

They labor, yet somehow do nothing. They "get everything" yet somehow remain poor, while the rich do nothing yet get rapidly richer.

That about it?

When you own privileges, you get things for owning privileges. When you work, the things you get are taken from you and given to rich, greedy, privileged parasites in return for nothing.

 

I am talking about the majority.

He did no such thing. He merely found a way to install his own private tollbooth on a highway created almost entirely by others.

Rent seekers often work hard. That doesn't mean they are contributing anything, or earning the rents they take.

Garbage. Earning requires a commensurate contribution to production, which neither of them have made. They just did what was necessary to place their pockets in the path of others' production. The greedy will do anything and everything to get something for nothing.

Ah, the inevitable accusation of envy...

There may be more evil things a human being can do than to accuse those who oppose injustice of envy for those who profit by it. I just can't think of one off-hand.

False. The great majority are flat-out rent seekers: landowners, mineral resource owners, spectrum owners, IP owners, bank owners, etc.

LOL! Yes, I guess that explains all the banksters who pocketed billions of their shareholders' money just before their greed and incompetence blew up in their faces... and then pocketed billions more for being productive and skillful enough to get bailouts from the middle class working taxpayer.

You have given no evidence of knowing any rich people at all. The examples you gave -- a plant manager, etc. -- were self-evidently not rich at all, but merely succesful working people.

By contrast, I know, personally, half a dozen people whose net worth is in eight or more digits. Not one of them -- NOT ONE -- earned their wealth through commensurate contributions to wealth production.

And they decide to change those lives for the worse, so that their own lives will be a little more affluent.

Yes, it is, because the poor have no choice but to use debt as money, and are partially on the hook for the interest on it even when they are not the ones who borrowed the money.

The poor don't typically get to borrow. They are just forced to pay interest on money others borrow.

It is true that under our debt money system, the banks effectively hold the economy to ransom. But we could change to a better system, and the economy would soar.

 

1. Your post is a pile of lurid demagoguery. Smells like the work of Julius Streicher.
2. You have no link on that made-up Obama quote, and never will have.

 

Bill Gates was one of a group (all of whom bank money) that wrote the first software packages. How you consider someone charging people money for buying his software a toll booth. I do not know.

Buffet was at first an investments salesman. Then he made most of his money working in partnerships in investing fields. Of course he is productive. Sales are production. And investing is giving money to others so that they can produce and then pay you back returns. He worked hard and was very productive and gives away huge amounts of money every year on top of that.

"flat-out rent seekers: landowners, mineral resource owners, spectrum owners, IP owners, bank owners" most of these people are top executives in companies. CEO's or CFO's and they are controlled by boards unless you think the owners of banks are just one greedy man.

Again this is bull crap. Earning is not related to production. It is related to revenue. Whether you design a product, make it, human resources, marketing, accounting, finance, or someone along the supply chain you put in work to earn the revenue.

Larry Stamps Chief of North American Operation for Eftec. One of my personal friends and he would dis agree with any of this crap you speak. I could name others.

The poor have choices. Nobody forces them to borrow money. They borrow money because they cant earn any themselves. I remember working at a credit union and i paid alot of attention at the way different kinds of people handled their money.

I doubt you know any people. I doubt you know anything about the Finance industry. I doubt you know anything about business. I happily spend my life in this field because of all the good it does. Yeah there might be criminal people like the executives at Goldman Sachs who get away with screwing over people every day but the majority of them are hard working people that contribute more to society than people like you ever will. People like Bill Gates and Warren Buffet donate millions on top of millions of their money (that they dont have to)every year to all kinds of causes and charities. You wont equal a tiny fraction of their contributions with your entire life. Your not worth the dirt on their shoes. Just a jealous person that wants free things given to you.

 

NAFTA huh? I remember when Newt and the right were jamming that whole thing down Clinton's throat, claiming how great it would be for America. Do you? The right wing was all for it at the time, if you recall correctly. The right embraced it whole heartedly. Right wing ideology fails, once again.

 

I don't remember that at all. Clinton signed NAFTA at the very start of his first term, and he praised it at the time. In fact, I can't remember him every saying anything against. it.

And by the way, NAFTA has been great for us. We haven't lost all our factories. That's mythology. This year has been a record year in US manufacturing.

 

If you can't recall Newt and the right embracing NAFTA and advocating for it, then I guess your memory is faulty. Heck, even Rush embraced NAFTA at the time.

NAFTA has been a big money maker, for the big boys. Outsourcing usually does.

 

NAFTA was great and lead to a period of fast growth. Obama won't be in office forever. Housing subsidy crashes have nothing to do with nafta. It has to do with lefterism.

 

The right are still behind outsourcing, but must not be the only ones to blame. Our desire for the latest and the cheapest leaves little room to contemplate how many more Americans will soon enjoy unemployment because of what we are buying. Just look at how many Kias and Huyndais are in front of the unemployment office.

 

The Kias and Hyundais are a result of America being unable to produce a decent car, decently priced. I can't blame the poor slob who can't afford the huge sticker prices of American cars, or just want a decent warranty. GM, for example, makes junk, sells it at outrageous prices, and their warranty is only on paper. It doesn't exist in reality. Gotta look elsewhere when slave labor wages will go only so far.

 

The financial crisis mostly had to do with the passage of the Gramm-Leach-Bliley Act.

There were plenty of problems with our financial sector before that though. When Wall Street took over the government in the 80s, it didn't really matter who was elected after that.

 

The right doesn't own anything bad. Same old, same old.

 

GM making junk cars is just as much of a myth as Obama being from Kenya. Just think, if we had more well paying jobs like those coming out of GM, perhaps people could afford bying other than sardine cans on wheels and stuff mde in China that falls apart as soon as you bring it home.

 

Unlike you I am a fan of free trade.

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Oh stop with this. If government didn't get involved in housing this wouldn't have happened. Stop blaming the people because of government programs and them protect the programs and the people who continue with this meddling.