Sundown in America

Discussion in 'Politics, Religion, Social Issues' started by Dmunjal, Apr 1, 2013.

  1. mcrain macrumors 68000

    mcrain

    Joined:
    Feb 8, 2002
    Location:
    Illinois
    #2
    There is no connection between how much CEOs, executives and investors make and what they pay their employees.

    If there is a minimum wage, there could be a maximum wage. If there is a write off for wages, then there could be a cap to the amount that can be distributed to investors. If you tied what corporations paid to their employees as a share of income to what they pay executives, and then had that amount tied to the amount that was available to distribute to shareholders, you would have a very different economy.

    The economy would be a lot closer to the days in which income inequality was far less.
     
  2. Eraserhead macrumors G4

    Eraserhead

    Joined:
    Nov 3, 2005
    Location:
    UK
    #3
    The flaw with the op-ed is that the stock market is quite clearly tied pretty much exclusively to global growth. Globally we are much richer than we were in 2007 - let alone 2000.

    The FTSE 100 is also at record highs - even though Britain is about to enter a triple-dip recession.

    What, when all the major main street banks worldwide became state owned? That wasn't going to be an issue?
     
  3. jnpy!$4g3cwk macrumors 65816

    jnpy!$4g3cwk

    Joined:
    Feb 11, 2010
    #4
    This is what the Huffington Post thought about it:

    Stockman has been pretty hot in recent months, and I certainly agree with some of what he says, but, "balanced budget" conceals a lot of details. For example, the U.S. had a budget deficit most years between 1946 and 1973, and yet, the debt to GDP ratio dropped almost every year. The problem is that simple formulas are no substitute for smart management.
     
  4. Sydde macrumors 68020

    Sydde

    Joined:
    Aug 17, 2009
    #5
    Clamping a "zero-net" shackle on the government sounds like a very risky proposition, the real problem is finding the "smart managers" and getting them into the right positions with the right amount of power is a darn tricky bit of work with this government.
     
  5. Eraserhead macrumors G4

    Eraserhead

    Joined:
    Nov 3, 2005
    Location:
    UK
    #6
    That could be luck, what's his long term record?
     
  6. Dmunjal thread starter macrumors 65816

    Joined:
    Jun 20, 2010
    #7
    Of course you can grow debt as long as you're growing GDP faster. Since 2000, we've been growing debt faster than GDP which is unsustainable.

    We need to turn the ship around now. QE cannot support us forever.
     
  7. skunk macrumors G4

    skunk

    Joined:
    Jun 29, 2002
    Location:
    Republic of Ukistan
    #8
    I fear that the level of systemic corruption will prevent any turnaround whatsoever. The rudder appears to be completely jammed with campaign contributions.
     
  8. mcrain macrumors 68000

    mcrain

    Joined:
    Feb 8, 2002
    Location:
    Illinois
    #9
    absof'inglutely.
     

Share This Page