If he is trying to argue that there has not been a growing divide since the early 80's, he is wrong. Multiple ways of looking at it show it.
Easy way to double the net worth of 60% of all US households
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If he is trying to argue that there has not been a growing divide since the early 80's, he is wrong. Multiple ways of looking at it show it.
Savor the moment! Inequality is no problem when the right is focused on redistribution, but inequality is a problem with the right is focused on the Fed. Similarly, inflation is high when the right is focused on the Fed, but inflation is low when they're focused on chained CPI.
Edit:
Belief [topic]
"Taxes are too high!" [the rich]
"Taxes are too low!" [payroll tax cuts]
Ricter, I don't think you ever addressed any of my questions. Not that it matters, it's an online message board afterall. But how exactly in a Fed driven society do you propose closing the wealth gap. Notice I said wealth gap and not income gap because there is no income gap, there is a wealth gap. Should we go full all out Stalin and start grabbing stuff from people (stocks, lands, jewelry, art) or should we just just killing them off. Stalin did both. What would be your approach?
Yes, I'm referring to our CB's "formal" dual mandate. What else would I be referring to?
Our Central Bank was given the unemployment mandate in the early 70s by Congress - to get the responsibility off their back.
Please, though, tell me how the central bank can directly affect unemployment.
I watched a so called "debate" with him against Jo from Morning Joe on msnbc. What a joke
at anyrate, It's there somewhere, this was right after the elimination of the top Bush Tax Cuts and the payroll tax cut. He made the statement that eliminating the payoll tax cut now is the worse possible thing
you can treat me any way you want
personally, if I was God, I would eliminate all corporate taxes and replace it with a very high personal income tax
eliminate the mortgage deduction and the charity deduction
and eliminate all other federal taxes, including the fuel tax
I don't know what kind of box you are trying to put me in, but I probably won't fit
Didn't I already call you out on this? Of course he wants to save the payroll tax cut. They are 98% demcorats!!!!!! Come on dude, Krugman knows what he is doing. He does not support middle class tax cuts. And unfortunately kid, we have put our entire debt burden on them and for the most part, they have vanished without a trade. Mission accomplished. What else do ya got?
I don't really care about Krugman or Keynes, they are just men like you and me
I've been through some good times and been through some bad times
the general idea is to gamble aggressively and very liberally during the down times
and cut back and be very conservative during the good times
ebb and flow my friend
Did you mean that in reverse? What are you talking about...trading, taxes, the Fed? Not sure what you meant.