Quote:
Originally Posted by tony286
I have to agree with Vend, omg the world is going to end now. lol Back in the day the avg ceo made 30 to 40x what the avg worker made, now they make 500x. To pay themselves that much money it has to come from somewhere.
I was watching a show on frontline about Walmart. Walmart used to make 20 percent on products made in the usa. With them pushing their vendors to produce in china they now make 60 to 80 percent profit. Mac used to be made in America and now made in china they havent become cheaper.A iphone costs $600 to buy without a contract, the workers that build them make 30 cents an hour. That's how their net income jumped 70 percent to 14 billion.
The corps make the big contributions.So its never never going to change.It started with Reagan and its gotten worse and worse. Wages have been flat for yrs and if it wasn't for cheap credit the middle class would realize how bad they have been truly getting fucked in the ass.
Both sides keep feeding the little people the bullshit so they think they are on their side and they are not. Probably the only guy on the peoples side is Bernie Sanders the rest are full of shit.
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Tony, you are making a value judgment, not an economic one. You may be right or you may be wrong in the big picture as to what is best, but I think it is debatable.
Moreover, I'm not saying what is right or wrong per se, I'm just giving the economics of it. I was arguing to Vendzilla why I think his thinking doesn't make economic sense and why his conclusions don't follow.
As far as the little guy goes, well if they invest like an idiot they'll lose money. My advice is don't spend what you don't have, don't invest like an idiot, don't stand in front of a moving train. Free-trade is a moving train. The world economy does not have training wheels.