Things that made you Facepalm today (Political Version)

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Originally Posted by Parkbandit

https://www.youtube.com/watch?v=K3jM13A7OEw

I imagine this won't stay on youtube for very long.

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Excellent interview. Logical points. Remember, individuals are supposed to have their own autonomy and power. Our elected officials are representatives, not overseers.

As been saying... do what's best for you in conjunction with your doctors, be respectful of others, and be cognizant of your surroundings.

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Originally Posted by Neveragain

Deregulation and better taxes on the church of business worked well:

https://static01.nyt.com/images/2020...erJumbo-v2.png

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Exactly. The 1980s is when the top marginal tax rate started being slashed down to almost 1/3 of what it was in the 50s. THAT'S when income inequality took off in this country: when we started to abandon the idea of a truly progressive tax code. Also when the FTC, under Regan, decided that buying back your own stock was no longer corruption.

Those two things in tandem destroyed the incomes for the vast majority of this country.

Do you know why we didn't used to pay CEOs 450x what their lowest paid employees make? Because most of that income was taxed at 90%. There was no point. A company got far more value from their money spreading it around to more employees.


And until the 80s, they weren't allowed to buy their own stock back to artificially inflate its value. But suddenly they could. AND those capital gains were taxed at a lower rate than normal income in many cases.

So companies started paying their leadership mostly in equity. And that was further incentive to start pouring their profits back into their own stock, which, in turn, raised the wages for leadership. Add to that the fact that stockholders can sue if the company is failing to do all it can to maximize stock value and you have a major income inequality crisis decades in the making.

I wish you had shown the previous two decades as well- it makes it so clear how bad things are.

Also life tip to Rockstar: if you're arguing for policy changes supported by the BBB and opposed by labor unions and people who are actively trying to reverse income inequality... You're not on the side of this you think you are.

Kind of how if you're part of a party that's like 85% white and that is accused of disenfranchising minority communities by civil rights organizations and people of color, the vast majority of whom support the opposition party, you're not on the right side of history.

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Originally Posted by time4fun

Exactly. The 1980s is when the top marginal tax rate started being slashed down to almost 1/3 of what it was in the 50s. THAT'S when income inequality took off in this country: when we started to abandon the idea of a truly progressive tax code. Also when the FTC, under Regan, decided that buying back your own stock was no longer corruption.

Those two things in tandem destroyed the incomes for the vast majority of this country.

Do you know why we didn't used to pay CEOs 450x what their lowest paid employees make? Because most of that income was taxed at 90%. There was no point. A company got far more value from their money spreading it around to more employees.


And until the 80s, they weren't allowed to buy their own stock back to artificially inflate its value. But suddenly they could. AND those capital gains were taxed at a lower rate than normal income in many cases.

So companies started paying their leadership mostly in equity. And that was further incentive to start pouring their profits back into their own stock, which, in turn, raised the wages for leadership. Add to that the fact that stockholders can sue if the company is failing to do all it can to maximize stock value and you have a major income inequality crisis decades in the making.

I wish you had shown the previous two decades as well- it makes it so clear how bad things are.

Also life tip to Rockstar: if you're arguing for policy changes supported by the BBB and opposed by labor unions and people who are actively trying to reverse income inequality... You're not on the side of this you think you are.

Kind of how if you're part of a party that's like 85% white and that is accused of disenfranchising minority communities by civil rights organizations and people of color, the vast majority of whom support the opposition party, you're not on the right side of history.

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Did you know YOUR party is currently trying to undo a Trump/Republican tax increase on the rich and that Democrats are trying to give tax breaks to their favored corporations?

But it’s okay when Democrats do it right?

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Originally Posted by time4fun

Exactly. The 1980s is when the top marginal tax rate started being slashed down to almost 1/3 of what it was in the 50s. THAT'S when income inequality took off in this country: when we started to abandon the idea of a truly progressive tax code. Also when the FTC, under Regan, decided that buying back your own stock was no longer corruption.

Those two things in tandem destroyed the incomes for the vast majority of this country.

Do you know why we didn't used to pay CEOs 450x what their lowest paid employees make? Because most of that income was taxed at 90%. There was no point. A company got far more value from their money spreading it around to more employees.


And until the 80s, they weren't allowed to buy their own stock back to artificially inflate its value. But suddenly they could. AND those capital gains were taxed at a lower rate than normal income in many cases.

So companies started paying their leadership mostly in equity. And that was further incentive to start pouring their profits back into their own stock, which, in turn, raised the wages for leadership. Add to that the fact that stockholders can sue if the company is failing to do all it can to maximize stock value and you have a major income inequality crisis decades in the making.

I wish you had shown the previous two decades as well- it makes it so clear how bad things are.

Also life tip to Rockstar: if you're arguing for policy changes supported by the BBB and opposed by labor unions and people who are actively trying to reverse income inequality... You're not on the side of this you think you are.

Kind of how if you're part of a party that's like 85% white and that is accused of disenfranchising minority communities by civil rights organizations and people of color, the vast majority of whom support the opposition party, you're not on the right side of history.

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Ignoring NAFTA (1994/Clinton) and the repeal of Glass Steagall (1999/Clinton), which can be seen in the chart by the huge leaps in income difference, is about as dishonest as one can be.

Crime bill (1994/Clinton), welfare reform bill (1996/Clinton)

Who was the last president to give amnesty to illegal immigrants...Reagan.

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Originally Posted by time4fun

Kind of how if you're part of a party that's like 85% white and that is accused of disenfranchising minority communities by civil rights organizations and people of color, the vast majority of whom support the opposition party, you're not on the right side of history.

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I'll take the party of Lincoln, woman suffrage and civil rights over the Party of the Confederacy, KKK, Planned Parenthood, Jim Crow Laws and voting against woman suffrage/civil rights every day.

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Originally Posted by Parkbandit

I'll take the party of Lincoln, woman suffrage and civil rights over the Party of the Confederacy, KKK, Planned Parenthood, Jim Crow Laws and voting against woman suffrage/civil rights every day.

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Weird how nobody was talking about race then Time4fun injects racism into the conversation........

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Originally Posted by Neveragain

Weird how nobody was talking about race then Time4fun injects racism into the conversation........

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She is by far the biggest racist on the PC. Seran is a close second though.

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Originally Posted by Neveragain

Weird how nobody was talking about race then Time4fun injects racism into the conversation........

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The Alt Left can't help talking about race. That is how they see the word: By the color of your skin.

It's been their driving force for over 160 years.

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Originally Posted by Neveragain

This is true but I'm more worried about Hill being able to get open against the Packers.

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We're still without our top two corners and linebackers. He'll be open all game

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Originally Posted by Alfster

We're still without our top two corners and linebackers. He'll be open all game

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I could use another 40 point performance out of him. Missing Godwin, Antonio Brown and Gronk has my lineup all kinds of fucked up.