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Author Topic: The Funny/strange/interesting/random Tweets Thread  (Read 525467 times)

Offline PlatinumGuy

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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1420 on: April 08, 2021, 11:30:02 AM »
Here's a chart comparing 1946-1980 to 1980-2014. Inequality is definitely growing at higher rates than the past. 1980 is seen as a turning point because of the advent of Reganomics and economic policy favoring the rich.




https://www.nytimes.com/interactive/2017/08/07/opinion/leonhardt-income-inequality.html?mtrref=www.google.com&assetType=PAYWALL




What do you see there?
A cumulative growth rate of 10-40% in all income groups from 1985 to 1995, compared to 1995-2005 that is around 250% for the 0.01% percentile and 10-40% for the rest

« Last Edit: April 08, 2021, 11:33:38 AM by PlatinumGuy »
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Offline Lurker

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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1421 on: April 08, 2021, 11:34:11 AM »
https://twitter.com/ianbremmer/status/1380168554360631298

(I don’t agree that financial inequality is inherently problematic, but the graph is striking)

Talk about cherry picking... of course the top .01% is going to make the comparison look bad. It's been like that since the beginning of time.
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1422 on: April 08, 2021, 11:35:16 AM »
Talk about cherry picking... of course the top .01% is going to make the comparison look bad. It's been like that since the beginning of time.
Nope. Changed dramatically in 1980. See updated post. The 0.01% income growth was lower than lower income growth until 1980.
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Offline Lurker

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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1423 on: April 08, 2021, 11:40:04 AM »
Nope. Changed dramatically in 1980. See updated post. The 0.01% income growth was lower than lower income growth until 1980.

How much of that is related to the creation of the middle class in the 30 years post-WWII? Starting from zero is going to make the percentages look better. After the middle class was established, the growth rates normalized. (Just a thought, not based on data.)
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1424 on: April 08, 2021, 11:45:00 AM »
How much of that is related to the creation of the middle class in the 30 years post-WWII?
Which policies specifically are you referring to?

After the middle class was established, the growth rates normalized. (Just a thought, not based on data.)
What makes a 6:1 discrepancy in growth rates normal? Normal is when there isn't a discrepancy, and the poor people's income improves at the same rate as rich people.
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1425 on: April 08, 2021, 12:00:57 PM »
Which policies specifically are you referring to?
What makes a 6:1 discrepancy in growth rates normal? Normal is when there isn't a discrepancy, and the poor people's income improves at the same rate as rich people.

Why is it normal for poor people's income to improve at the same rate as rich people's income?
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1426 on: April 08, 2021, 12:26:34 PM »
Me, a stupid person: how much of this graph is explained by the rate of market growth over the same time, which, you know, the more wealthy you are the more you have to invest in it?

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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1427 on: April 08, 2021, 12:33:18 PM »
Me, a stupid person: how much of this graph is explained by the rate of market growth over the same time, which, you know, the more wealthy you are the more you have to invest in it?

+1. We're comparing the compounding wealth of the top 25-30k earners in the country vs the bottom half of the country. I'm not sure what the point is. There will always be kings and serfs, nobles and peasants, haves and have-nots.
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1428 on: April 08, 2021, 01:15:00 PM »
Me, a stupid person: how much of this graph is explained by the rate of market growth over the same time, which, you know, the more wealthy you are the more you have to invest in it?
Zero. The rate of US market growth over time is identical in 1946-1980 and 1980-2020. The beneficiaries are drastically different.
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1429 on: April 08, 2021, 02:07:29 PM »
Zero. The rate of US market growth over time is identical in 1946-1980 and 1980-2020. The beneficiaries are drastically different.
In the second period mentioned, the war of poverty had reduced the number of fathers in the home.
That has to have an impact on the average income of the lower income people being kept down. 
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1430 on: April 08, 2021, 03:14:25 PM »
In the second period mentioned, the war of poverty had reduced the number of fathers in the home.
That has to have an impact on the average income of the lower income people being kept down.
The war of poverty?
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר – יוסיף אהבה לתורה.״ - אורחות צדיקים

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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1431 on: April 08, 2021, 05:37:20 PM »
The war of poverty?
war ON poverty
but the typo does strain my meaning
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1432 on: April 08, 2021, 06:16:13 PM »
war ON poverty
but the typo does strain my meaning
I still have no idea what you mean
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1434 on: April 08, 2021, 09:03:48 PM »
+1. We're comparing the compounding wealth of the top 25-30k earners in the country vs the bottom half of the country. I'm not sure what the point is. There will always be kings and serfs, nobles and peasants, haves and have-nots.
And people think socialism will help this. All that does is combine the Power and Wealth groups together.
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1436 on: April 09, 2021, 01:43:57 AM »
https://twitter.com/jordanbpeterson/status/1379288433013690369

Yes, he does, and it's as bizarre as it sounds. (I was surprised enough
just to find out that Ta-Nehisi Coates was writing Marvel comics.)

« Last Edit: April 09, 2021, 01:48:17 AM by Randomex »
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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1437 on: April 09, 2021, 01:47:57 AM »
https://twitter.com/jordanbpeterson/status/1379288433013690369

Yes, he does, and it's as bizarre as it sounds. (I was surprised enough
just to find out that Ta-Nehisi Coates was writing Marvel comics.)
I wasn’t surprised, I knew this for years!

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Re: The Funny/strange/interesting/random Tweets Thread
« Reply #1439 on: April 09, 2021, 08:53:29 AM »
https://twitter.com/Yochidonn/status/1380321067294674944

Still better than 99% of these "translated" ads that politicians put out before Channukah and so on.

In other news, I always thought that yiddish newspapers transliterating acronyms as עף. בּי. איי. was dumb, but clearly פ.ב.י. is way dumber.
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