Scrooge McDuck I mean Corporate America

[apeman]

During the past 4 years (before I bought my house a bit more than a year ago), while the poor victimized commies were complaining about how unfair life is, I lived in a trailer while working as a lawyer, saved 75% of my income, no vacations that didn't involve a tent and car, no luxury purchases, and funny thing, I have paid off every cent of school debt, own 25% of a house in the nicest city in NY, and own small parts of all the evil corporations that scam us out of our money.

I don't know anyone else behaving this way? do you? Easier to complain and, esp today, boy are we empowered by victimization.

maybe less marching and utopian dreaming, and a little more making a plan and executing? The folks I know complaining literally have no plan, not even trying.

Now, I am no longer a peasant, and am all set up, now I lean frugal out of habit not necessity, because I can defer gratification for half a decade. I suspect this was common in all past generations, just not mine (34 y/o)

[GloryofGreece]

Any Regulation = Socialism
Any Laws = Socialism
Any Taxes = Socialism
Anything other than Sucking and Cucking up to the Kleptocracy = Socialism

You'd rather a few hundred families rake in billions upon billions than telling them they've had enough. Every religious tradition, and moral teaching around the world warn against the excesses of hording wealth. You call this advice socialism. I call your love of greed a sin. I guess we should just kill each other and find out whose camp is left standing afterwards.

[apeman]

Any Regulation = Socialism
Any Laws = Socialism
Any Taxes = Socialism
Anything other than Sucking and Cucking up to the Kleptocracy = Socialism

You'd rather a few hundred families rake in billions upon billions than telling them they've had enough. Every religious tradition, and moral teaching around the world warn against the excesses of hording wealth. You call this advice socialism. I call your love of greed a sin. I guess we should just kill each other and find out whose camp is left standing afterwards.

All this is true, but you are thinking on the axis of oppressor --- oppressed

If a mode of thought isn't serving you, shoudl you cling to it?

Is there a better way to think?

[Speaker to Animals]

Tradition warns against the personal cost of hordung wealth if one does not maintain detachment from it. Don't try to distort that.

[Smitty-48]

I guess we should just kill each other and find out whose camp is left standing afterwards.

It's gonna be us, so don't waste your time, just stick to your knitting, internetz bolshies. Force of arms ain't your thing, and we got that market all locked up to.

[Speaker to Animals]

I guess we should just kill each other and find out whose camp is left standing afterwards.

It's gonna be us, so don't waste your time, just stick to your knitting, internetz bolshies. Force of arms ain't your thing, and we got that market all locked up to.

Don't listen to Smitty. You guys have only one shot. Do not miss your chance. This opportunity comes only once in a lifetime

We are really scared you might really start the civil war.

[apeman]

Tradition warns against the personal cost of hordung wealth if one does not maintain detachment from it. Don't try to distort that.

I am obviously not advocating hoarding wealth, I am freaking a 34 y/o with a mortgage trying to start a fam

[Speaker to Animals]

Tradition warns against the personal cost of hordung wealth if one does not maintain detachment from it. Don't try to distort that.

I am obviously not advocating hoarding wealth, I am freaking a 34 y/o with a mortgage trying to start a fam

I was responding to Greece's comment that tradition warns against the accumulation of wealth. It does not. It warns against the personal cost of being attached to your wealth.

The pursuit of wealth, and indeed "wealth inequality" itself, come part and parcel with civilization. Every attempt to "equalize" wealth results in what you see happening in Venezuela.

My suggestion for people who want wealth equality is to wander into the Amazonian rain forest and see if the Invisible People are still recruiting.

[Smitty-48]

Charlie ain't squattin' in the jungle eating fishheads and being hard, Charlie is squatting in his moms basement tapping his manifestos out on his sisters IPhone, and last time I checked, fishhead Charlie who squatted in the Jungle? He works for us now; $20 billion in annual trade with the People's Republic of Vietnam, God bless em'.

[PartyOf5]

Scrooge McDuck. This new Mercantilism will end lovely I'm sure.
Corporations use to be happy with around 20% profits now they want closer to 70%. Sure its not a Kleptocracy/Plutocracy mess.


http://www.janeeckhout.com/wp-content/uploads/RMP.pdf

Can you point out some specific text and/or chart within that document that shows profits were 20% (when? 1950? 1980?) and are now closer to 70%?

It will take longer to read that entire document, but skimming through it I noticed the use of "markup" quite a bit. Don't confuse markup with profit.

If you can make it all the way to the second sentence of the article, you'll see it.

That says markups, not profits. Not the same thing.

Also from the document:

Markups tell us that the margin of revenue over variable costs has increased. That does not
necessarily imply that firms are making higher profits