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Traianvs
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Belgium, land of plenty (corruption)
Jan 2000 time: 06:35
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quote: Originally posted by Imran Siddiqui
Yes, that's nice, but GDP is the gross domestic product. That determines if the economy is doing better. You could have less poverty numbers, but the economy could still be in the shitter. However, with a rise in GDP, the economy, by definition, gets better. So nominal poverty numbers are irrelevant to determine if the economy is better. GDP is the number to look at. |
I thought the economy was there to help people, not the other way around. It's remarkable to see today that Economy = God for certain people I know. You might have more money in total, but if that money is not reasonably divided amongst the population that means nothing.
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Japher
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Ook! Ook! Ack! Ack! Ack!
Jun 2002 time: 05:35
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quote: Right, cause the people on the bottom of the scale coming out of the poverty line were being hired as software developers....and a million secretaries for the new offices.....
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Those ppl were being hired to build the facilities in which the techs were made, to make the actual techs (oh yes), to pave the roads that went to these building, to build the cars that those wealthy people drove from the houses they built, and grew the food that they ate, and served it to them, on napkins the washed so that it wouldn't get on the new clothes that they wore...
Don't be so narrow minded man.
When stocks rise with poverty levels that is because productivity is increasing (something that the president does not control). This did not occur in the 1990s... obviously.
According to the ILO:
quote: There is a close relationship between poverty and the informal economy in most countries, although not all informal operators or workers are poor. But holding a job in the formal economy does not always guarantee that one escapes from poverty. Nevertheless, the informalization of the economy in many countries through outsourcing, expansion of global value chains and casualization of the workforce most often are linked to increased vulnerability and poverty.
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Outsourcing?!
Still, poverty is equatable with economic growth.
quote: What creates economic growth are billions of decisions all over the world, made according to a timeline that only vaguely coincides with the political calendar. |
Interesting Article explaing how it is not the president that determines economic swings, nor poverty levels...
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GePap
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of the Big Apple
Nov 2001 time: 23:35
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quote: Originally posted by Japher
Those ppl were being hired to build the facilities in which the techs were made, to make the actual techs (oh yes), to pave the roads that went to these building, to build the cars that those wealthy people drove from the houses they built, and grew the food that they ate, and served it to them, on napkins the washed so that it wouldn't get on the new clothes that they wore...
Don't be so narrow minded man.
When stocks rise with poverty levels that is because productivity is increasing (something that the president does not control). This did not occur in the 1990s... obviously.
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Only if stock prices have some correlation to reality (the meaning of a bubble being prices that are inflated well beyond the facts on the ground). You could have a bubble in prices without any effects on poverty.
I think the last "recovery" is informative- while GDP has rebounded, employment has not to anywhere the same degree-that makes this recovery different from that in 1992-3. As I said, Bush 2 is still at a net job loss, unlike poppa Bush. Maybe he has nothing to do with that, maybe he does- but what we know for certain he does have to bear responsibility for is failing to provide aide to states in order to avoid massive cuts to aide budgets that have hurt millions of families terribly, cause he found tax cuts for the rich more important a priority.
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Sava
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GO GO GO!
Mar 2001 time: 23:35
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quote: Originally posted by Ming
One of the basic differences in the two parties is that the Democrats want to redistribute the wealth by stealing from the rich to give to the poor, and the Republicans don't want to do that. So you are welcome to your continued outrage, and your desire to move our country to more of a socialist state, but some of us don't see that as the way to go.
And again, before you lay out your normal guilt trips... I personally give money to charities that help people improve their situations in life, and give my free time to help poor disadvantaged kids survive school and to help them make something out of their lives. I personally think the current welfare system is a joke, and is money poorly spent. More taxes isn't the answer. Better programs and people who WILLINGLY give their time and money to such causes is far more effective. | mmmmmm I think you are taking that to an extreme. Democrats want stable, productive social services. But yes, they do believe in progressive taxation. Progressive taxation isn't some commie pipe dream. It is an American value that arose during the "progressive" era in American history. Personally, I think Teddy Roosevelt and his cousin FDR (as two of the most prominent progressive thinkers in American history) had the right idea.
Personally, I don't understand how anyone can disagree with the notion of using tax money to fund education and health care. And since the strong usually protect the weak in society, the "strongest" individuals when it comes to wealth and productivity need to have more of the burden. In such a system, more people are able to build wealth, and hence, more people become "rich", and therefore the burden is spread out.
The middle class exists because of Progressive thinking. Do you really long for the days when there was only a working class and a rich elite? I just don't understand why anyone would think that kind of social system is better.
Wealth distribution exists no matter what tax policies or market policies exist. It's just a matter of who controls the distribution of wealth, and who it benefits. Now, do you want a democratic process controlling it? Or private interests? Personally, I like Democracy and the idea of a democratic society engineering policies that benefit the largest possible group of people.
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